Opened in 2012, LoanDepot Park is located in Miami’s Little Havana neighborhood, and features a modern design, including a retractable roof and operable wall that reveals a view of Miami’s skyline.

[READ MORE: $12 million upgrades coming to Philly’s Xfinity Live!]

“Miami Live! is a significant milestone for our organization, and we thank Miami-Dade County and our partner The Cordish Companies as we make this vision a reality,” said Caroline O’Connor, Miami Marlins president of business. “Our neighbors and fans are our priority, and this investment is an important example of our commitment to providing an elevated experience for all at LoanDepot Park. We look forward to the revitalized space becoming a beloved destination in our community.”

As part of its commitment to “fostering community spirit,” the Marlins organization says the Miami Live! project will prioritize sustainability and inclusivity in its design. Features like energy-efficient lighting, accessible pathways, and community art installations reflect the area’s “dedication to creating a welcoming environment for everyone.”

“The Cordish Companies is honored to have been selected by the Miami Marlins as their development partner in this dynamic vision for loanDepot park,” said David Cordish, chairman and CEO of The Cordish Companies. “We are proud to join our partners, as well as Miami-Dade County, to deliver a transformational world-class project that has lasting impacts on the community through job creation, economic benefits, exceptional new first-class amenities and year-round activations and experiences. Miami Live! will become the living room for the community and offer a new year-round gathering place for locals and visitors alike.”