Spurs Tap Overland, Sasaki, Marquee for $1.3B Downtown Arena
The San Antonio Spurs have launched an extensive $1.3 billion initiative named Project Marvel. This development will feature a new arena and a surrounding district. Overland International is tasked with the arena's design, while Sasaki focuses on the district’s layout and Marquee Development oversees construction. CAA ICON will manage the project, supported by civil engineering from Pepe-Dawson and financial services from Goldman Sachs, with legal guidance from Hunton Andrews Kurth. Scheduled to open for the 2032-2033 NBA season, the arena will be located at HemisFair, on the site previously occupied by the Institute of Texan Cultures, which will be demolished by 2025.
Key facts
- Overland International, Sasaki, and Marquee Development are lead partners for the Spurs' new downtown arena.
- The arena is part of Project Marvel and costs $1.3 billion.
- Completion target is the 2032–2033 NBA season.
- The site is the former Institute of Texan Cultures (ITC) at HemisFair.
- The ITC was demolished in 2025 after a failed preservation lawsuit.
- The ITC was designed by William M. Peña, a Mexican-American architect.
- The city has exclusive purchase rights for the land at $60 million.
- The Spurs' current lease at Frost Bank Center ends in 2032.
Entities
Artists
- William M. Peña
Institutions
- San Antonio Spurs
- Overland International
- Sasaki
- Marquee Development
- CAA ICON
- Pepe-Dawson
- Goldman Sachs
- Hunton Andrews Kurth
- University of Texas System
- University of Texas at San Antonio (UTSA)
- Conservation Society of San Antonio
- Frost Bank Center
- KSAT 12
- National Council of Architectural Registration Boards
- Caudill, Rowlett, and Scott
- Frost Tower
- Midtown Tax Increment Reinvestment Zone
Locations
- San Antonio
- Texas
- United States
- Dallas
- Boston
- Nashville
- HemisFair
- Laredo