Global architecture firm HOK has reached an agreement to build a new stadium for Valencia Basket, which competes in the Spanish Liga ACB basketball competition.

HOK will work on the design of the 15,000-seat arena alongside local architecture practice ERRE. The masterplan has been announced by Valencia Basket owner Juan Roig, who has created the Licampa 1617 enterprise to manage the project. The El Mundo newspaper reported that the project will cost €192m (£170m/$223m).

The new venue will seek to become a premier destination for music, arts, culture and sport, and will have the capacity to host NBA games as well as Liga ACB fixtures. It will also feature training facilities, a museum, premium hospitality products and a seating bowl that will strive to create an intimate fan experience.

John Rhodes, director of HOK’s Sports + Recreation + Entertainment practice, said: “Although it is early in the process, our vision is to create a sustainable home for Valencia Basket that will become a world-class sports and entertainment destination. It will be a valuable asset for the local economy, attracting visitors from across the region and creating a wonderful gateway building to the city.”

Jose Martí, co-founder of ERRE, added: “As architects, we are very pleased to work side by side with HOK, learning from their amazing experience and savoir-faire. As citizens of Valencia, we are excited to be part of a project that will change the projection of our city to the world.”

The arena will be located in the centre of Valencia. The next step for the project will be an administrative phase with the municipality.

Image: Licampa 1617