new_usab_logo_300USA Basketball will relocate its headquarters from Colorado Springs to Tempe, Arizona—a move that comes as part of a $350 million development project called USA Place that also will include a hotel and event center.

“This is an exciting and an incredible opportunity that offers nothing but positives for USA Basketball,” said USA Basketball Chairman Jerry Colangelo. “USA Place will offer USA Basketball an excellent site for the development of its office headquarters, a training center and event center that will provide the organization with a first-class site for hosting junior level events and will allow USA Basketball to continue to evolve.”

Once completed, USA Place—located next to Arizona State University’s Tempe campus on land owned by the university—will be a 10.5-acre complex that features a training facility, a 4,500-seat event center, a 330-room Omni Hotel, 500 luxury apartments, a 30,000-square-foot conference center, 160,000 square feet of retail space and 200,000 square feet of office space.

“The new USA Basketball headquarters and training center will be first-class, state of art facilities, something I know we will be very proud of,” Colangelo said.

USA Basketball is expected to relocate by the fall of 2015.