Land, the Florida resort company that owns the Miami Marlins and Florida Panthers, is looking to add more land to the island’s west coast as part of its plan to build a new $4.5 billion stadium.
The $1.9 billion project will be built on land that includes land owned by the National Hockey League’s Florida Panthers and other team owners, according to a press release from the company.
Land would be part of the first phase of a larger expansion project planned to open by 2020.
The Miami Herald first reported that the land would be used to build an expansion and development area for the land and that a “small number of tenants” would occupy the land.
The land is valued at more than $1 billion, according the release.
The project is being developed by Florida-based private equity firm RKG Capital.
The company declined to comment on the new land or any other details about the land acquisition.
Land is expected to open to the public later this year and is expected be home to a hotel and a convention center.