It will feature more than 100,000 square feet to be utilized for practice, training and recovery. Another 35,000 square feet will house the team’s business operations. There’s also room for 2,500 square feet of retail space on the ground level and a planned public plaza outside the building, which will sit on the corner of Caldwell and 5th streets. Currently named the Charlotte Hornets Performance Center, it’s expected to open prior to the start of the NBA’s 2026-27 season, and is another way co-owners Rick Schnall and Gabe Plotkin hope will help elevate the Hornets.

Approved by the city officials earlier this year, the Hornets are expected to fully fund any costs exceeding the $30 million provided by the city of Charlotte. The deal was part of a larger agreement that will keep the NBA franchise in Charlotte through at least 2045.