Marquee Development
Marquee Development is a privately held real estate development firm and the real estate arm of the Ricketts family office, developing mixed-use entertainment and sports districts adjacent to professional sports venues for team owners, leagues, and luxury hospitality operators across major US cities.
- Company typePrivate
- Founded2015
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Marquee Development does
Marquee Development is a privately held real estate development firm and the real estate arm of the Ricketts family office, which owns majority stakes in the Chicago Cubs (MLB) and Chicago Stars (NWSL). Founded circa 2015 and headquartered in Chicago, the company specializes in developing mixed-use entertainment and sports districts adjacent to professional sports venues, serving professional sports team owners, leagues, and luxury hospitality operators. Its core offering combines master developer services, strategic advisory, co-investment alongside clients, asset management, and event programming and operations into a single vertically integrated platform. Marquee generates revenue through development management fees, ongoing asset management services, event operations revenue, and equity returns from co-investments structured as 50-50 stakes with sports team owners.
The company's portfolio spans Gallagher Way at Wrigley Field (Chicago), North Loop Green (Minneapolis), Current Landing (Kansas City), West End Mixed-Use District (Cincinnati), Tennessee Titans district (Nashville), San Antonio Spurs district, and The Stockman luxury hotel with Auberge Collection (Steamboat Springs, opening 2030), alongside hospitality assets Hotel Zachary and DraftKings Sportsbook at Wrigley Field. Signature event brands Winterland and Stadium Chef Series drive year-round footfall across the portfolio. Marquee's go-to-market is relationship-driven enterprise sales targeting professional sports organizations as master developer for sports-adjacent mixed-use districts, leveraging direct access through Ricketts family sports ownership to secure mandates and co-investment opportunities that competitors without team ownership ties cannot easily replicate.
Marquee Development firmographics
Firmographics- Name
- Marquee Development
- Legal name
- Marquee Development
- Website
- https://marqueedevelopment.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Marquee Development is a privately held real estate development firm and the real estate arm of the Ricketts family office, developing mixed-use entertainment and sports districts adjacent to professional sports venues for team owners, leagues, and luxury hospitality operators across major US cities.
- Ownership category
- akta.pro rank
Marquee Development industry classification
Industry- Product category
- Real Estate Development Services
- NAICS
- Promoters of Performing Arts, Sports, and Similar Events with Facilities (71131), Promoters of Performing Arts, Sports, and Similar Events with Facilities (711310), Promoters of Performing Arts, Sports, and Similar Events (7113)
- SIC
- Services-Amusement & Recreation Services (7900)
- akta.pro primary industry
- Festival & Event Producers/Organizers (MPAIAFAC)
- akta.pro secondary industries
- Specialty & Entertainment Venue Property Management (BPAJAGAO), Event Marketing & Audience Development Services (MPAGAJAD)
Keywords
Where Marquee Development is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Marquee Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Development Management Fees: Principal developer fees for leading development processes as owner's trusted agent across master developer, construction management, event activation, and ongoing operations.
- Investment Returns: Co-investments alongside clients and partners in developments, with Marquee Development investing alongside their clients in the destinations they develop.
- Asset Management: Ongoing asset management services including tenant communications, financial analysis, and operational support for district operations.
- Event Operations: Event programming and production services generating revenue through festivals, concerts, fitness events, and branded activations.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Marquee Development product offering
Product offeringCore offering
Marquee Development is a principal real estate developer that leads mixed-use entertainment and professional sports district projects as the owner's trusted agent. The firm operates across the full development lifecycle—from master planning and capital strategy to construction management, event activation, brand development, and ongoing asset management—integrating real estate, hospitality, and year-round event programming to deliver destination districts adjacent to professional sports venues.
Product overview
Marquee Development is a real estate development company that operates as a single unified platform focused on mixed-use districts adjacent to professional sports venues and hospitality destinations. The company offers a portfolio of destination properties including Gallagher Way (Chicago), North Loop Green (Minneapolis), Kansas City Current, FC Cincinnati, Tennessee Titans district, San Antonio Spurs district, The Stockman (Auberge Collection), Hotel Zachary, DraftKings Sportsbook at Wrigley Field, and signature event brands Winterland and Stadium Chef Series. Services span real estate development (master developer and strategic advisory), market strategy and brand development, event programming and operations, and asset management. The company was formed by the Ricketts family office as the real estate arm for their sports team ownership (Chicago Cubs, Chicago Stars) and co-invests with other sports team owners.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Development Services Master developer and strategic advisory services leading each process as the owner's trusted agent across planning, development, construction management, and destination management for large, complex mixed-use projects.
- Market Strategy & Brand Development Establishes brand identity for each district through event programming, partner activation, and promotional campaigns that extend beyond the physical space to drive placemaking.
- Event Programming & Operations Manages district operations and produces year-round programming—festivals, concerts, fitness events, and movie nights—designed to drive repeat visitation and create vibrant gathering places.
- Asset Management Ongoing tenant communications, financial analysis, and operational support provided to ensure successful district operations and value optimization across the portfolio.
- Gallagher Way Sports-adjacent mixed-use district adjacent to Wrigley Field in Chicago, featuring retail, dining, entertainment venues, and the Hotel Zachary.
- North Loop Green Large-scale mixed-use development spanning over 1 million square feet integrating residential, commercial, and public spaces adjacent to Target Field in Minneapolis.
- Hotel Zachary at Gallagher Way Boutique hotel located within the Gallagher Way mixed-use district adjacent to Wrigley Field in Chicago.
- The Stockman, Auberge Collection Luxury hotel development by Auberge Collection planned for Steamboat Springs, Colorado, scheduled to open in 2030.
- Winterland Signature seasonal event brand featuring winter-themed programming and experiences across Marquee Development properties.
- Stadium Chef Series Nationwide culinary event series featuring professional chefs at sports venues.
Quantifiable outcome
- Over $2.1 billion in construction executed across 40+ buildings
- +3 more outcomes
Companies that use Marquee Development
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Marquee Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Marquee Development partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered major, core and notable.
- Auberge CollectionmajorMarquee Development is developing The Stockman, Auberge Collection in Steamboat Springs, Colorado - a luxury hotel scheduled to open in 2030. This represents Marquee's expansion into destination hospitality development.
- Kansas City CurrentcoreMarquee Development is co-investing 50-50 stakes with Kansas City Current ownership, developing Current Landing - the home of CPKC Stadium. Scott McCubbrey was instrumental in structuring the joint venture partnership and investment in the Berkley Riverfront project alongside the Kansas City Current and Palmer Square Real Estate Management.
- FC CincinnaticoreMarquee Development is co-investing 50-50 stakes with FC Cincinnati ownership for West End Mixed-Use District adjacent to TQL Stadium. The partnership represents Marquee's approach to partnering directly with sports team owners on stadium-adjacent development.
- Palmer Square Real Estate ManagementmajorScott McCubbrey was instrumental in structuring the joint venture partnership and investment in the Berkley Riverfront project alongside the Kansas City Current and Palmer Square Real Estate Management.
- DraftKingsnotableDraftKings Sportsbook at Wrigley Field is part of the Gallagher Way development portfolio, representing integration of gaming and hospitality within Marquee's sports-adjacent mixed-use districts.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Marquee Development competitors and assessment
Company assessmentDirect peers
- Legends Hospitality: Legends provides venue hospitality, premium experience design, and mixed-use development adjacent to major sports venues, overlapping with Marquee's event programming and sports-adjacent placemaking offering.
- The Cordish Companies: The Cordish Companies is the closest comparable operator, developing sports-anchored mixed-use entertainment districts (e.g., Xfinity Live!, Live! Casino) around stadiums and arenas with integrated dining, retail, and event programming, mirroring Marquee's Wrigleyville and Current Landing playbook.
- Oak View Group: Oak View Group specializes in sports venue development, district master planning, and venue hospitality, directly competing for the same sports-adjacent mixed-use mandates Marquee pursues and sharing Marquee's integration of real estate with event/venue operations.
Broad incumbents
- The Howard Hughes Corporation: Howard Hughes is a master-planned community developer building large mixed-use districts (The Woodlands, Ward Village, Seaport) with integrated placemaking, paralleling Marquee's "create a district from scratch" model.
- Hines: Hines is a global real estate developer that competes for institutional mixed-use mandates at the scale Marquee operates (multi-million-square-foot districts), making it a comparable incumbents for marquee, sponsor-driven projects.
- Brookfield Properties: Brookfield Properties is a major mixed-use commercial developer and Marquee leadership alum (Scott McCubbrey was SVP of Development at Brookfield), operating comparable district-scale mixed-use projects and competing for similar institutional mandates.
- Starwood Capital Group: Starwood Capital is a major real estate private equity firm where SVP Rachel Maguire previously worked; it competes as an investor and developer in mixed-use and hospitality assets comparable to Marquee's portfolio.
- Related Companies: Related Companies is a nationally scaled mixed-use and master developer (e.g., Hudson Yards, The 78) that increasingly targets sports-adjacent and entertainment-anchored districts, competing with Marquee for institutional capital and large district mandates.
Regional players
- Sterling Bay: Sterling Bay is a Chicago-based developer of large-scale mixed-use destinations (Lincoln Yards, Lincoln Park) with a similar placemaking and storytelling-driven approach, making it a comparable Chicago-anchored mixed-use peer although it does not specialize in sports-adjacent districts.
Emerging players
- CAA ICON: CAA ICON is a builder/owner project management firm focused on sports venues and stadium-adjacent development (Blake Milburn joined Marquee from CAA ICON), offering adjacent competition in construction management for sports districts.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Marquee Development social profiles
Digital presenceMarquee Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Marquee Development leadership team
Management profileNumber of profiles
Profiles11 records
Marquee Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Marquee Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Marquee Development
What does Marquee Development do?
Marquee Development is a principal real estate developer that leads mixed-use entertainment and professional sports district projects as the owner's trusted agent. The firm operates across the full development lifecycle—from master planning and capital strategy to construction management, event activation, brand development, and ongoing asset management—integrating real estate, hospitality, and year-round event programming to deliver destination districts adjacent to professional sports venues.
Is Marquee Development a public or private company?
Marquee Development is a private company. It is classified as family owned and is currently operating.
When was Marquee Development founded?
Marquee Development was founded in 2015. It employs 11 to 50 people.
Where is Marquee Development based?
Marquee Development is headquartered in Chicago, United States, in the North America region.
How does Marquee Development make money?
Four revenue lines are on record. Development Management Fees are the primary driver. The others are investment Returns, asset Management and event Operations.
Who are Marquee Development's main competitors?
Direct peers on record are Legends Hospitality, The Cordish Companies and Oak View Group. Broad incumbents are The Howard Hughes Corporation, Hines, Brookfield Properties, Starwood Capital Group and Related Companies. Sterling Bay is listed as a regional player. CAA ICON is listed as an emerging player.
Does Marquee Development have an API?
No public API is recorded for Marquee Development.
What industry is Marquee Development in?
Marquee Development's product category is Real Estate Development Services. Its primary akta.pro industry code is MPAIAFAC, Festival & Event Producers/Organizers, with a secondary code of BPAJAGAO, Specialty & Entertainment Venue Property Management. Its NAICS code is 71131 and its SIC code is 7900.