Magellan Development Group Partners with Arctos Sports and RVX to Launch National Sports-Anchored Mixed-Use Development Platform
June 24, 2026 — Magellan Development Group has announced a partnership with Arctos Sports and RVX to launch a national platform focused on sports-anchored mixed-use real estate development. The venture will debut with the Neyland Entertainment District, a large-scale mixed-use development adjacent to the University of Tennessee's Neyland Stadium in Knoxville, Tennessee.
A Platform Focused on Sports-Anchored Mixed-Use Destinations
The announcement positions the venture as a national platform targeting sports-anchored mixed-use destinations. According to the firm, the partnership brings Magellan's experience in neighborhood-building, placemaking, and large-scale mixed-use development to the sports and entertainment sector.
Additional details on the structure of the partnership, the roles of each partner, and the intended scope of the national platform were not disclosed in the announcement.
Neyland Entertainment District Anchors the Launch
The Neyland Entertainment District in Knoxville, Tennessee, will serve as the platform's inaugural project. The development is situated adjacent to Neyland Stadium, home of the University of Tennessee Volunteers. Details on the specific components of the Knoxville development — including square footage, capital structure, or projected timeline — were not disclosed in the announcement.
About the Partners
Magellan Development Group is a real estate development firm with experience in large-scale, mixed-use neighborhood development and placemaking. Arctos Sports and RVX are also partners in the venture; additional details on each firm's role were not provided in the announcement.
The partnership was announced June 23–24, 2026, via a press release distributed through Business Wire.
Sources
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