The Point Partners, a joint venture among Lincoln Property Co., Colmena Group and Wadsworth Development Group formed for development at The Point of the Mountain master-planned mixed-use redevelopment project in Draper, has signed a partnership agreement with Oak View Group to oversee the operations of an approximately 5,000-seat multi-purpose entertainment and sports venue planned for the first phase of development. Oak View Group is a global venue development, management, and premium hospitality services company based in Los Angeles.
Oak View Group’s OVG Hospitality will also be the food and beverage provider for the venue and the company’s Global Partnerships division will create and sell sponsorship opportunities at the new arena.
The planned entertainment venue will host concerts and live music events, sports entertainment, community events and celebrations, conferences, banquets and other entertainment offerings that serve the local community, Point Partners said. The body plans to begin a sub-campus application process for the venue with Point of the Mountain State Land Authority (POMSLA) in December.
“Our partnership with Oak View Group is the next step in our plan to build a dynamic entertainment venue, which is a community amenity that was lacking in this area,” said Patrick Gilligan, senior executive vice president at Lincoln Property. “We believe that the venue will be a welcomed benefit for the local community and a critical part of The Point’s first phase of development. The space will activate the planned commercial and residential uses in Phase 1 and create a true live-work-play destination and a walkable downtown environment at the intersection of Salt Lake and Utah counties,”
Lance Bullen, CEO of Colmena Group, added “This partnership with Oak View Group is about more than just building a venue — we’re creating a space where experiences come to life. The Point is set to become a destination that inspires connection and growth, and this venue will be the heartbeat of it all. We’re excited to see it become a gathering place where ideas, music, and community come together in ways that will shape the future of the region.”
The Point Partners was selected in 2022 by the state of Utah and POMSLA as its partner for Phase 1 of the massive public-works project, which in its entirety will include the redevelopment of 600 acres across multiple phases of development. The first phase of development at The Point will span 99 acres. The backbone infrastructure work is expected to begin in November.
In addition to the 100,000-square-foot entertainment venue, Phase 1, which the joint venture plans to break ground on in 2025, will include 2 million square feet of office space, 3 million square feet of multifamily development, 425,000 square feet of retail and other entertainment offerings, a 140,000-square-foot hotel and 16 acres of open space, with walking trails and public parks.
“We’re thrilled to partner with Oak View Group to bring a vibrant entertainment venue to The Point. This is just the beginning of a transformative journey for our community, where creativity and connection will flourish,” said Kip Wadsworth, CEO of Wadsworth Development Group.
