Hotelier and NBA star to build $7 million multi-sports complex in Hato Rey – News is My Business

JUMP is funded by Banco Popular of Puerto Rico and consists of 100,000 square feet of space.

Hotelier and businessman Ricky Newman and NBA star José Juan Barea have partnered to build a $7 million multi-sports complex with housing located in the former facilities of the Nuestra Señora de la Merced school in Hato Rey, they announced.

The sports development complex called JUMP Sports Development Center is a multi-purpose facility consisting of indoor and outdoor spaces. The project, which spans five acres of land, will provide “exceptional, high-caliber athletic training while endorsing sports tourism in Puerto Rico.”

“JUMP is a project I have been working on since 2014. Then I presented it to José Juan and his family to unite our knowledge and talents to make my dream a reality,” Newman said. “We both agreed that there was a need to provide quality multidisciplinary sports facilities under one roof.”

JUMP is funded by Banco Popular de Puerto Rico and consists of 100,000 square feet of space to house basketball courts, volleyball courts, beach volleyball courts, beach tennis courts, a rehabilitation center, gyms training ground, an outdoor soccer field, hotel rooms, retail and sports facilities. store and a food and beverage venue.

“We at Banco Popular are extremely excited to support projects like this that have economic and community impact where an existing facility will be converted into a useful project for the development of sport for our young people,” said said Eli Sepulveda, executive vice president of Commercial Credit at Banco Popular. “We support innovative projects like this that are privately funded and contribute to the communities they serve.”

JUMP, a joint venture between PRSC, LLC, led by Newman, and SPORTLANGE, LLC is expected to be built. led by Barea, will begin this month and the first stage is expected to be completed by fall 2022.

Newman’s experience in the hospitality industry and sports tourism adds value to the project, as the top floor of the facility will be converted into a hotel so players can stay in a safe, convenient and cost-effective environment.

The hotel will be used to house athletes looking to train and stay in one location so they can focus on training without disruption and without having to travel to another facility.

“The sports complex will provide athletes with the appropriate training support, regardless of their physical condition, ability or athletic background,” Barea said. “Everyone has an inner athlete and at JUMP we will strive to help them find theirs.”

JUMP’s certified athletic trainers will help athletes find the right methods to develop their maximum potential. They will teach how to use energy and movement through the development of athletic fundamentals and the maximization of skills.

The complex is called JUMP because it describes “a fundamental part of a person’s gross motor skills; at the same time, the jump is one of the most explosive movements performed in the sport,” the promoters said.

Puerto Rico is the mecca of sports tourism
Over the years, Puerto Rico has become an attractive destination for sports tourism. Apart from large-scale events like Puerto Rico Open, FIBA ​​Tournaments, Caribbean Series, among others, an opportunity has been identified to develop and develop youth and college sports.

Universities from all athletic divisions traveled to Puerto Rico for off-season training, group and individual clinics, practice games, tournaments and youth competitions of all levels.

“Large-scale sporting events have a significant economic impact and attract people with healthy levels of spending used in hotel stays, food and beverages, transportation, side excursions, among others,” said Newman. “That’s why JUMP will provide the opportunity to showcase more sporting events where Puerto Rico can be a recurring host site.”

Barea, who has been playing the sport since he was young, said he realized there was a need in Puerto Rico for a concept that offered multiple sports under one roof.

“JUMP offers athletes of all ages and abilities the opportunity to come and improve,” Barea said. “We will provide athletes of all ages and levels with the ability to develop their abilities in a multitude of sports.”

Business journalist with 27 years of experience writing weekly and daily newspapers, as well as business publications in Puerto Rico. My list of past employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking, and most other segments of Puerto Rico’s economy.

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