Connect with us
https://yoursportsnation.com/wp-content/uploads/2025/07/call-to-1.png

Technology

Asset Class: A Path for Polymarket

Big-money media rights are the backbone of why pro sports franchises are worth billions. JPMorgan’s latest Sports Rights Almanac—its 10th anniversary edition—shows how the NFL and NBA keep pushing valuations to record highs while teasing the continued rise of streamers. The 144-page document digs into media-rights deals across numerous pro sports leagues—from major U.S. sports […]

Published

on


Big-money media rights are the backbone of why pro sports franchises are worth billions. JPMorgan’s latest Sports Rights Almanac—its 10th anniversary edition—shows how the NFL and NBA keep pushing valuations to record highs while teasing the continued rise of streamers.

The 144-page document digs into media-rights deals across numerous pro sports leagues—from major U.S. sports to UFC and international soccer leagues. It outlines that rights inflation is still alive, but not every sport is bulletproof.

David Karnovsky, an executive director for J.P. Morgan Equity Research covering media, entertainment, and advertising, and one of the authors of the report, tells Front Office Sports that it has evolved significantly over time, and putting it together is no joke. 

“The first Almanac included just five sports, and now we’re up to 15. So it definitely takes a lot longer to update,” he says.

When the first edition came out in 2016, media companies “didn’t really have streaming services” and the “only tech deal of note was a $10 million agreement between the NFL and Twitter for Thursday Night Football,” Karnovsky tells FOS. “There’s a lot more to cover now.”

Below, FOS explores three key takeaways from the report.

The NFL reigns supreme in the U.S. 

The biggest takeaway is how completely the NFL dominates U.S. sports: The report notes that Super Bowl LIX drew 127.7 million viewers—the most-watched program in U.S. TV history—and 72 of last year’s 100 most-watched telecasts were NFL games.

That popularity underpins the league’s massive 11-year, $111 billion media-rights deal, which helps it command higher ad dollars than any other sport, according to the report. 

The result is that franchise valuations keep soaring. The 49ers recently sold a total 6% stake in the team at a reported $8.5 billion valuation. Former New York Giants quarterback Eli Manning recently said he has been priced out of a potential minority stake in the team for which he won two Super Bowls. Last year, Forbes had the Cowboys as the first team to have an estimated value of more than $10 billion.

The NFL understands its power, which it uses to attain favorable terms. “Among leagues, the NFL uniquely flexes its power with media partners, extracting ongoing terms that are to its benefit strategically or financially, and sometimes to the detriment of rival sports,” the report says, citing Christmas Day games that directly compete with the NBA.

The NFL is not satisfied. Rumor has it the NFL intends to exercise an opt-out clause that allows it to exit most of the current agreements it has with partners Amazon Prime Video, CBS, ESPN, Fox, and NBC after the 2029 season (the deals are supposed to run through the 2033 season). 

“That the NFL would want to revisit its 2023-33 media agreements is not surprising in our view,” the report says.

Aside from chasing a bigger payday, there’s an interesting rationale behind the NFL’s potential desire to opt out. Although the league commands the biggest rights check in sports, its cost-per-viewer-hour—just $1.37—is actually a good value for networks, the report says. That number means every hour one person watches costs the network $1.37, a figure the report says “sits in the middle of the curve” compared to other pro sports leagues and is largely offset by advertisers eager to reach that massive audience.

Karnovsky says among the biggest surprise trends from this year’s report was “the consistency of NFL viewership through so much change in media.”

The NBA is doing just fine

There was hand-wringing last season over the NBA’s lackluster ratings, but JPMorgan analysts aren’t concerned.

“The core value of the NBA rights are in the playoffs,” the report says, noting playoff games average up to three times the viewership of regular season matchups. “We estimate the Playoffs and Finals generate a ~50% increase in total viewer hours and are substantially more valuable for advertisers.”

The league’s new $77 billion media-rights deal with Disney, NBC, and Amazon, which kicks in next season, was “modestly better than our expectations” and positions the NBA to “transform its distribution.” Amazon gives the league a “pure digital partner,” while ESPN’s direct-to-consumer product and NBC’s Peacock expand streaming options. This opens up new ways to monetize, like sports betting integrations and alternative broadcasts similar to the NFL’s ManningCast.

JPMorgan is bullish on the NBA’s future, including its return to NBC (the report specifically acknowledged the decision to bring back John Tesh’s “Roundball Rock” song), as well as the deal with TNT to license Inside the NBA.

The NBA, like the NFL, is not having any franchise valuation issues. The Lakers just sold at a record $10 billion valuation, mere months after the Celtics sold at a $6.1 billion valuation. Even the team considered by Forbes to be the least valuable franchise in the league—the Memphis Grizzlies—has an estimated value of $3 billion.

Streamers still have more room to disrupt

To date, Netflix, Amazon, and other streamers have done little more than dip their toes into the live sports water, but the potential impact remains huge. Netflix has hit big with live events such as NFL Christmas Day games and last year’s Mike Tyson–Jake Paul fight, while Amazon and YouTube TV have done well with Thursday Night Football and NFL Sunday Ticket, respectively.

Netflix co-CEO Ted Sarandos says the company will stick with marquee events rather than chasing full media-rights packages. Meanwhile, JPMorgan’s report notes that Warner Bros. Discovery doesn’t see sports as “critical,” and Hulu has “de-emphasized” sports rights.

“These platforms have historically disappointed leagues by not bidding aggressively for packages, instead prioritizing major event programming,” the report says—a stance JPMorgan finds “confusing given the scale of content investment elsewhere.”

At some point, streamers are expected to dive in headfirst. The collapse and tiering of regional sports networks (RSNs), highlighted by last year’s Diamond Sports Group bankruptcy, has upended local sports rights and left some franchises scrambling to find new ways to get games in front of local fans. Many teams have pivoted to direct-to-consumer streaming or free over-the-air deals. 

JPMorgan’s report says the RSN meltdown is actually a “net positive” for national sports rights and makes robust national and streaming packages even more crucial to protect franchise values.

“Third-party data indicate 90% of viewers are now consuming sports on streaming, and we believe fans are gradually becoming inured to a digital experience, which in several cases we think can be superior,” the report said.

ESPN’s upcoming DTC product is expected to accelerate this shift, while Amazon’s new NBA deal covers 66 regular-season games—a “pivot point” that could spur more competition for rights, the report says.





Link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

‘2025 Go Healthy with Taiwan’ campaign launched in India

MUMBAI: Taiwan has taken a step in driving regional wellness innovation with the launch of the ‘2025 Go Healthy with Taiwan’ campaign in India. Spearheaded by the Taiwan International Trade Administration (TITA) under the Ministry of Economic Affairs, and executed by the Taiwan External Trade Development Council (TAITRA), this campaign encourages Indian public institutions, enterprises, […]

Published

on


MUMBAI: Taiwan has taken a step in driving regional wellness innovation with the launch of the ‘2025 Go Healthy with Taiwan’ campaign in India. Spearheaded by the Taiwan International Trade Administration (TITA) under the Ministry of Economic Affairs, and executed by the Taiwan External Trade Development Council (TAITRA), this campaign encourages Indian public institutions, enterprises, and SMEs to propose pioneering ways to apply Taiwan’s health-focused technologies to local community needs.

The campaign is structured as an open call for proposals across three strategic sectors: Fitness & Sports Technology, Cycling, and Smart Healthcare. Participants will vie for three $30,000 cash prizes, awarded to the most impactful and innovative proposals. In addition, the top six teams will be invited to Taiwan for an exclusive “Go Healthy Tour”—a curated, immersive experience offering direct access to Taiwan’s health technology ecosystem. This tour will feature hands-on demonstrations, site visits, and networking opportunities with Taiwanese companies, enabling participants to explore collaboration, product integration, and market expansion opportunities firsthand.

This international call not only highlights the strength and innovation of Taiwan’s health industry, but also encourages collaboration with global partners—such as India—to develop smart and sustainable healthy lifestyles through Taiwan’s cutting-edge technologies and solutions,” said Joe Chou, executive VP TAITRA.

Sectoral Focus Areas:

1. Fitness & Sports Technology: From AI-enabled training systems to connected workout equipment, Taiwan’s smart fitness innovations are designed to boost personal and population-wide wellness outcomes.

2. Cycling: As a global manufacturing hub for high-performance bicycles and a leader in urban cycling infrastructure, Taiwan champions cycling as a sustainable, health-positive mode of transport.

3. Smart Healthcare: Taiwan’s Medtech sector offers advanced diagnostic platforms, telemedicine capabilities, and wearable technologies that are reshaping healthcare delivery and preventive care models.



Link

Continue Reading

Technology

Netflix & Amazon are Now French TV Channels — What?!

QUELLE SURPRISE Netflix’s deal with French commercial broadcaster TF1 and Amazon Prime Video’s pact with public broadcaster France Télévisions “came out of nowhere for me,” says Enders Analysis’ François Godard. (Getty Images: Lupengyu, Anna Maslennikova, SlayStorm) Share I cover int’l TV from London. I wrote about how sports doc producers navigate a “brutal” landscape, why […]

Published

on


QUELLE SURPRISE Netflix’s deal with French commercial broadcaster TF1 and Amazon Prime Video’s pact with public broadcaster France Télévisions “came out of nowhere for me,” says Enders Analysis’ François Godard. (Getty Images: Lupengyu, Anna Maslennikova, SlayStorm)

Share

I cover int’l TV from London. I wrote about how sports doc producers navigate a “brutal” landscape, why Amazon is fumbling its U.K. business and the British company behind Netflix’s Adolescence. I’m at manori@theankler.com

“Partnerships” and “collaborations” for survival have been proposed and chewed over more times than I can count in the last 24 months, but a hefty streamer-broadcaster cross-carriage deal out of Europe wasn’t on anyone’s bingo card back in January — let alone three such pacts in the span of one month.

First came the mega deal: Netflix and French commercial broadcaster TF1’s shock distribution partnership in June — which in summer 2026 will see TF1’s live channels (and on-demand content from streamer TF1+) freely available to Netflix members in France as part of their subscription. Unveiled by Netflix co-CEO Greg Peters and TF1 CEO Rodolphe Belmer at Cannes Lions, the tie-up has launched myriad LinkedIn missives about Netflix’s potential future as a linear aggregator.

That the deal happened in France’s tightly regulated market was eyebrow-raising. That, a fortnight later, we saw another pact out of France — public broadcaster France Télévisions partnering with Amazon Prime Video to share its live channels and 20,000-title catalogue with the global streamer (effective immediately!) — was game-changing.

Still, all is not hunky dory within the French production sector, where stakeholders sound baffled by what these deals mean for windowing and future deal-making with the streamers. More on that spicy discord below.

The partnership contagion then headed north to England, where Disney and British commercial broadcaster ITV struck a landmark agreement to share a selection of each other’s original titles on Disney+ and streamer ITVX. The deal went live July 16 and sees promotional units on each service featuring 12 shows. On ITVX, you can watch the first seasons of Andor, Tracker, Atlanta and — yes — even Desperate Housewives, while Disney+’s “A Taste of ITVX” features first seasons of Love Island All Stars, Mr Bates vs the Post Office and Grantchester.

TASTE MAKER Disney+ offerings on an ITV home screen. (Screenshot)

There are nuances that make each of the three deals unique.

Today’s column — my last before I take a few months’ maternity leave! — I take you inside the streaming plot twist shaking up Europe, including:

  • Netflix’s real game in Europe: Is the deal about churn, ads, or goodwill with local audiences?

  • My interview with Enders Analysis’ François Godard about what to read between the lines

  • The next markets to fall: Germany and Spain and the role of HBO Max

  • What sports rights have to do with it

  • Why advertisers could be the biggest winners

  • How Disney+ and Prime Video’s “softer” deals reveal different strategy

  • Why broadcasters would rather cozy up to Netflix over YouTube

  • What this means for producers, compensation and financing

  • How these deals might help streamers dodge Europe’s content quotas

This column is for paid subscribers only. Interested in a group sub for your team or company? Click here.

For full access and to continue reading all Ankler content, paid subscribers can click here.

Click here to keep reading

Share



Link

Continue Reading

Technology

Trump’s new AI plan leans heavily on Silicon Valley industry ideas | News, Sports, Jobs

White House AI and crypto czar David Sacks speaks as President Donald Trump listens at an event for the signing of the GENIUS Act, a bill that regulates stablecoins, a type of cryptocurrency, in the East Room of the White House, Friday, in Washington. (AP Photo/Alex Brandon) President Donald Trump has unveiled a sweeping new […]

Published

on


White House AI and crypto czar David Sacks speaks as President Donald Trump listens at an event for the signing of the GENIUS Act, a bill that regulates stablecoins, a type of cryptocurrency, in the East Room of the White House, Friday, in Washington. (AP Photo/Alex Brandon)

President Donald Trump has unveiled a sweeping new plan for America’s “global dominance” in artificial intelligence, proposing to cut back environmental regulations to speed up the construction of AI supercomputers while promoting the sale of U.S.-made AI technologies at home and abroad.

The “AI Action Plan” introduced Wednesday embraces many of the ideas voiced by tech industry lobbyists and the Silicon Valley investors who backed Trump’s election campaign last year. Trump, who ordered a broad AI strategy after returning to the White House in January, is also expected to sign three executive orders at an afternoon event.

The unveiling is co-hosted by the bipartisan Hill and Valley Forum and the “All-In” podcast, a business and technology show hosted by four tech investors and entrepreneurs, which includes Trump’s AI czar, David Sacks.

The plan includes some familiar tech lobby pitches. That includes accelerating the sale of AI technology abroad and making it easier to construct the energy-hungry data center buildings that are needed to form and run AI products. It also includes some of the AI culture war preoccupations of the circle of venture capitalists who endorsed Trump last year.

Trump had given his tech advisers six months to come up with new AI policies after revoking President Joe Biden’s signature AI guardrails on his first day in office.

The plan prioritizes AI innovation and adoption, urging the removal of any “red tape” that could be slowing down adoption across industries and government.

But it also seeks to guide the industry’s growth to address a longtime rallying point for the tech industry’s loudest Trump backers: countering the liberal bias they see in AI chatbots such as ChatGPT or Google’s Gemini.

Trump’s plan aims to block the government from contracting with tech companies unless they “ensure that their systems are objective and free from top-down ideological bias.” A Biden-era framework for evaluating the riskiest AI applications should also be stripped of any references to “misinformation, Diversity, Equity, and Inclusion, and climate change,” the plan said.

The plan says the nation’s leading AI models should protect free speech and be “founded on American values,” though it doesn’t define which values those should include.

Sacks, a former PayPal executive and now Trump’s top AI adviser, has been criticizing “woke AI” for more than a year, fueled by Google’s February 2024 rollout of an AI image generator that, when asked to show an American Founding Father, created pictures of Black, Asian and Native American men.

Google quickly fixed its tool, but the “Black George Washington” moment remained a parable for the problem of AI’s perceived political bias, taken up by X owner Elon Musk, venture capitalist Marc Andreessen, Vice President JD Vance and Republican lawmakers.

Chief among the plan’s goals is to speed up permitting and loosen environmental regulation to accelerate construction on new data centers and factories. It condemns “radical climate dogma” and recommends lifting a number of environmental restrictions, including clean air and water laws.

Trump has previously paired AI’s need for huge amounts of electricity with his own push to tap into U.S. energy sources, including gas, coal and nuclear.

Many tech giants are already well on their way toward building new data centers in the U.S. and around the world. OpenAI announced this week that it has switched on the first phase of a massive data center complex in Abilene, Texas, part of an Oracle-backed project known as Stargate that Trump promoted earlier this year. Amazon, Microsoft, Meta and xAI also have major projects underway.

The tech industry has pushed for easier permitting rules to get its computing facilities connected to power, but the AI building boom has also contributed to spiking demand for fossil fuel production, which contributes to global warming.

United Nations Secretary-General Antonio Guterres on Tuesday called on the world’s major tech firms to power data centers completely with renewables by 2030.

“A typical AI data center eats up as much electricity as 100,000 homes,” Guterres said. “By 2030, data centers could consume as much electricity as all of Japan does today.”



Link

Continue Reading

Technology

Going to Bed Earlier May Boost Exercise Time, Study Finds

Hitting the hay earlier might be the simplest way to boost your movement Want to move more tomorrow? Try going to bed a little earlier tonight. That’s the takeaway from a new study by researchers at Monash University, Harvard Medical School and Brigham and Women’s Hospital, who found that even modest shifts to an earlier […]

Published

on


Hitting the hay earlier might be the simplest way to boost your movement

Want to move more tomorrow? Try going to bed a little earlier tonight.

That’s the takeaway from a new study by researchers at Monash University, Harvard Medical School and Brigham and Women’s Hospital, who found that even modest shifts to an earlier bedtime can lead to significantly more physical activity the next day.

Published in Proceedings of the National Academy of Sciences, the study, conducted from 2021 to 2022, draws on nearly 6 million nights of sleep and activity data from 20,000 Americans wearing Whoop fitness trackers.

The data showed a clear pattern: earlier bedtimes were linked to more moderate-to-vigorous physical activity the next day. For example, participants who typically went to bed at 9 p.m. logged about 30 more minutes of exercise than those who stayed up until 1 a.m., and 15 minutes more than those who typically went to bed at 11 p.m. (the average bedtime for participants).

Interestingly, when people went to bed earlier than their usual time but still got the same amount of sleep, they tended to log their highest levels of activity the following day, a combination that can be especially impactful.

“Even small changes in when you go to bed may be linked to how active you are the next day,” said Josh Leota, a research fellow at Monash University and lead author of the study, in the Harvard Gazette. “Rather than viewing sleep and exercise as competing for time, we should think about how they can support each other.”

To validate the findings, researchers turned to data from the National Institutes of Health’s All of Us Research Program, in which a demographically representative cohort was given a free Fitbit device to participate. While the effects were slightly smaller, likely due to fewer fitness-focused users than Whoop users, the pattern held steady: earlier sleep, more movement.

See Also


The study adds to a growing interest in understanding and encouraging the interplay between rest and performance. Equinox Hotels, for instance, is focusing on better rest as the future of hospitality. The brand recently partnered with renowned sleep scientist Dr. Matthew Walker to launch the Equinox Hotels Sleep Lab, an immersive experience at its New York City property designed to optimize guests’ sleep through smart tech, sleep-driven spa rituals and recovery-focused amenities.

bed inside an Equinox Hotels room
credit: Equinox Hotels

Other companies are following suit. Eight Sleep’s new Pod 5 mattress system uses AI to adjust temperature based on biometric signals, while wearables like Somnee, also co-founded by Walker, are designed to help users fall asleep faster and sleep longer. In addition to wearables, mouth tape and sleep-focused experiences, supplements are increasingly being marketed as a way to improve sleep.

Looking ahead, the research team hopes to build on these findings by testing whether earlier bedtimes can cause an increase in physical activity, not just correlate with it.

“We would like to test whether encouraging earlier bedtimes directly leads to more physical activity the next day, within an experimental paradigm,” Leota told the publication. “This would provide strong evidence for updating public health messaging to improve population physical activity levels.”





Link

Continue Reading

Technology

Sports Technology Market Set to Triple by 2030, Reaching USD

Sports Technology Market Sports Technology Market size was valued at US$ 18.59 Bn. in 2023 and is expected to reach US$ 54.80 Bn. by 2030, at a CAGR of 16.7% during a forecast period. Sports Technology Market Overview: The Sports Technology Market is undergoing a significant transformation as the integration of advanced technologies reshapes how […]

Published

on


Sports Technology Market

Sports Technology Market

Sports Technology Market size was valued at US$ 18.59 Bn. in 2023 and is expected to reach US$ 54.80 Bn. by 2030, at a CAGR of 16.7% during a forecast period.

Sports Technology Market Overview:

The Sports Technology Market is undergoing a significant transformation as the integration of advanced technologies reshapes how sports are played, analyzed, and consumed. From wearable fitness trackers and smart equipment to performance analytics and AI-powered coaching tools, sports organizations and athletes are embracing innovation to enhance training and audience engagement. The rapid digitization of sports infrastructure, combined with rising investments in sports science and data analytics, is propelling market growth. Additionally, increasing demand for real-time insights and immersive fan experiences is fueling the adoption of smart stadiums and virtual/augmented reality solutions across professional sports leagues globally.

Download a Free Sample Report Today : https://www.maximizemarketresearch.com/request-sample/29807/

Sports Technology Market Dynamics:

Several dynamic factors are shaping the evolution of the sports technology landscape. On one hand, the growing emphasis on player safety, injury prevention, and performance optimization is encouraging the adoption of advanced wearable and biometric devices. On the other hand, the increasing consumer appetite for interactive and digital experiences is accelerating innovations in broadcasting, fan engagement, and mobile applications. However, challenges such as high implementation costs, data privacy concerns, and the need for seamless integration with legacy systems are acting as restraints. Despite these hurdles, strategic collaborations between tech companies and sports organizations continue to open new revenue streams and competitive advantages.

Sports Technology Market Outlook and Future Trends :

The future of the Sports Technology Market looks promising, with continuous advancements in AI, IoT, and machine learning expected to redefine the industry’s core capabilities. Over the next few years, we can expect greater use of predictive analytics in talent scouting and injury management, along with more personalized training regimens powered by real-time data. The rise of e-sports and digital sports entertainment is also expected to create new monetization opportunities for tech-driven platforms. Moreover, the deployment of 5G in stadiums will enable faster data transmission, enhancing both in-game strategy development and fan experiences. These trends indicate a growing convergence of sports, entertainment, and cutting-edge technology.

Sports Technology Market Key Recent Developments:

Recent developments in the Sports Technology Market reflect a surge in innovation and partnerships aimed at boosting performance and engagement. For instance, several global football clubs have introduced AI-based performance tracking systems to better understand player workload and improve fitness strategies. Meanwhile, wearable tech firms are launching next-generation smart gear designed to collect more accurate biometric data. In broadcasting, virtual reality and AR solutions are being tested to deliver immersive viewing experiences. Additionally, technology firms are increasingly collaborating with sports federations to co-develop analytics platforms tailored to specific sports like cricket, tennis, and basketball, signaling a more data-centric future for the industry.

To Gain More Insights into the Market Analysis, Browse Summary of the Research Report : https://www.maximizemarketresearch.com/request-sample/29807/

Sports Technology Market Segmentation:

by Technology

Devices

Smart Stadium

Analytics & Statistics

Esports

by Sport

Soccer

Baseball

Basketball

Ice Hockey

Football/Rugby

Tennis

Cricket

Golf

Esports

Others

Some of the current players in the Sports Technology Market are:

1. IBM

2. Ericsson

3. Cisco

4. Fujitsu

5. SAP SE

6. Oracle

7. NEC

8. LG

9. Sharp

10. Samsung

11. Fitbit

12. Apple

13. Garmin

14. Sony

15. ARRI

16. Panasonic Corporation

17. Modern Times Group

18. Activision Blizzard

19. Valve Corporation

20. Tencent

21. CJ Corporation

For additional reports on related topics, visit our website:

♦ Betaine Market https://www.maximizemarketresearch.com/market-report/global-betaine-market/102354/

♦ Ammonia Market https://www.maximizemarketresearch.com/market-report/global-ammonia-market/23583/

♦ Global Extrusion Coatings Market https://www.maximizemarketresearch.com/market-report/global-extrusion-coatings-market/14994/

♦ Global Medium Molecular Weight Polyisobutylene Market https://www.maximizemarketresearch.com/market-report/medium-molecular-weight-polyisobutylene-market/57192/

♦ Acoustic Material Market https://www.maximizemarketresearch.com/market-report/acoustic-material-market/11409/

MAXIMIZE MARKET RESEARCH PVT. LTD.

⮝ 3rd Floor, Navale IT park Phase 2,

Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

✆ +91 9607365656

🖂 sales@maximizemarketresearch.com

Maximize Market Research is a dynamic business consulting and market intelligence firm serving clients worldwide. Known for delivering actionable insights that drive profitability and growth, we have become a trusted partner to several Fortune 500 companies. Our extensive industry expertise spans across sectors such as IT and telecommunications, chemicals, food and beverages, aerospace and defense, healthcare, and many others-ensuring tailored solutions that meet the unique challenges of each market.

This release was published on openPR.



Link

Continue Reading

Technology

Fremont goes ‘all-in on AI boom’ with new tenant-less tech campus

FREMONT — Construction of a massive industrial complex in South Fremont began this week, with a development team and city officials holding a groundbreaking ceremony and Mayor Raj Salwan hoping that his city “is where the future gets built.” The 473,250-square-foot complex spread over six buildings is only missing a key tenant, said Salwan, who […]

Published

on


FREMONT — Construction of a massive industrial complex in South Fremont began this week, with a development team and city officials holding a groundbreaking ceremony and Mayor Raj Salwan hoping that his city “is where the future gets built.”

The 473,250-square-foot complex spread over six buildings is only missing a key tenant, said Salwan, who added he is “all in on the AI boom.”

“We’re here, not just to break ground, but to lay the foundation for Fremont’s future,” Salwan said Tuesday at the groundbreaking ceremony. “This project deserves a marquee tenant.”

The Campus at Bayside project is from developers CBRE, 9th St. Partners and Clarion Partners, who are searching for companies to open up shop in the Warm Springs neighborhood’s Bayside Technology Park, which is also home to Tesla, Zoox, Bloom Energy and Seagate. In 2022, Clarion bought the nearly 28-acre property located at Lakeview and Gateway boulevards for $123.3 million from developers John Arrillaga and Richard Peery.

The developers said the complex’s need for power is significantly higher than other similar industrial properties in the region. Five of the six buildings are expected to be able to push out 4,000 amps at 480 volts per building.

Salwan invited tech companies with innovative focuses — such as artificial intelligence and air-taxis, or flying passenger vehicles — to consider leasing or buying any or all of the project’s six buildings.

The campus will open in two phases. First, about 250,000 square feet over three buildings will be finished in the middle of next year, with the rest happening at a to-be-determined date.

Salwan called the development “exceedingly rare” in the Bay Area, noting how many tech companies’ work-from-home policies have driven workers out of offices since the coronavirus pandemic. The mayor considered the campus something to celebrate because it is expected to appeal to assembly line-style tech manufacturers.

A map locating the site of a six-building, 475,000-square-foot industrial development in Fremont. The project will be built near the intersection of Bayside Parkway and Gateway Boulevard, near I-880 just south of Warren Avenue.He also doubled down on his desire to bring more artificial intelligence-focused businesses to the city.

“That’s the future,” Salwan said. “We want to embrace it, and we know that’s going to disrupt a lot of industries.”

Tom Ashcraft, a co-founder for 9th St. Partners, called the development “a much needed project for advanced manufacturing.” He also said companies that could “support the continued growth of AI” would be a good fit for the complex.

Matt Taylor, of CBRE, said the development will be “a unique campus” for the “higher-end motif in the area.”

Originally Published:



Link

Continue Reading

Most Viewed Posts

Trending