Largest Landowner in America Wants to Re-Make an Expanded Midway District in His Own Image
Billionaire Stan Kroenke Is Starting with a 7-Story 223-Unit Project at Former Perry’s Cafe
By Dorian Hargrove and Andrew Keatts / Times of San Diego / Oct. 16, 2026
Billionaire Stan Kroenke, the nation’s largest landowner and professional sports team mogul, is looking to transform the Midway District.
And he’s not stopping at Midway Rising, the megaproject to redevelop the city-owned Pechanga Arena property that is on its way to a City Council vote.
His development team is nearing completion just under a mile away, across from the Old Town Transit Center, on a seven-story, 223-unit housing project.
That tower is at the site of the former Perry’s Cafe, a once-popular greasy spoon diner on the edge of Old Town. It is now the first piece of the puzzle for Kroenke’s Midway vision.

From
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