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SEC filingCaliberCos Inc. announced that its co-developed PURE Pickleball & Padel facility in Scottsdale, Arizona, has received all required building permits, clearing the final regulatory hurdle for groundbreaking.
The approval of all required building permits for the PURE Pickleball & Padel facility represents a significant de-risking milestone for CaliberCos Inc., completing a 900-day regulatory process that involved hundreds of meetings and community hearings. This positions the 196,000-square-foot flagship project—touted as the world's largest indoor pickleball and padel venue with 48 courts—for imminent groundbreaking once construction financing and the equity round close. Investors can participate through a structured offering in a Qualified Opportunity Zone fund, highlighting Caliber's focus on value creation in underserved real estate segments. CEO Chris Loeffler emphasized the project's potential as a premier destination blending sport, community, and lifestyle, which could drive long-term returns. Additional momentum includes the launch of a capped Charter Membership waitlist and hosting the first USA Pickleball-certified high school team championship on April 25, 2026, underscoring community engagement and growth in Arizona's pickleball infrastructure.