University Stadium may not have seen the last of Brian Urlacher after all.
One of the most famous names in New Mexico sports is part of a team being tapped to kickstart a “sports and entertainment” district at University of New Mexico’s South Campus.
Lobo Development Corp. announced Friday that it is negotiating with 54 Development LLC on a proposed 27,000-square-foot, mixed-use project in the parking lot immediately west of University Stadium. UNM describes 54 Development as a partnership between local developer Paul Silverman and prolific businessman Steven B. Chavez – whose interests include WisePies Pizza & Salad – in collaboration with Urlacher. The former Lobo linebacker wore the No. 54 jersey for the Chicago Bears.
No agreement has been formalized and any contract and terms remain subject to approval by LDC’s board and the UNM Board of Regents, but university President Bob Frank said Friday that the parties already have had successful discussions and that things are “moving along quite well.”
Lobo Development’s decision to work toward an agreement with 54 Development comes after a failed attempt to ink a deal with Marble Brewery for a restaurant/taproom/entertainment project on the same parcel. Progress on that plan came to a halt in May when the parties couldn’t agree to terms on a ground lease for the land.