NB Development Group broke ground Tuesday on The Track at New Balance at Boston Landing, a multi-sport athletic complex that will offer sports facilities, as well as a concert venue with The Bowery Presents and a New Balance Athletics Sports Research Lab.

It will also include ground floor retail and foodservice with an expected completion by late summer 2021.

The Track at New Balance will feature a fast hydraulically banked 200-meter indoor track as well as regulation hard court and turf field space and a separate warm-up track along with seating capacity for up to 5,000 spectators.

“The Track at New Balance will set a new performance standard in professional and amateur sports due to its innovative design, location and amenities,” said Jim Davis (pictured, right), chairman, New Balance Athletics. “Its incomparable level of sports excellence and competitive spirit will inspire athletes to perform at levels they have only dreamed of attaining, with one of the fastest and most technical tracks in the world, if not the fastest.”

“The NB Development Group is thrilled to be the developer and operator of this exciting athletic, sports research, and music venue known as The Track at New Balance,” said Jim Halliday, managing director of NB Development Group. “When completed, the athletic and musical programming we bring will add a vibrant energy enhancing Boston Landing as an 18-hour / 7-Day destination and as a transformational gateway into the City of Boston from the west.”

In addition, New Balance’s Boston Team NB, a team of elite runners, will train at The Track at New Balance under Coach Mark Coogan.

“The Track at New Balance reflects our brand’s heritage and focus on running and will offer a world class experience for track and field athletes where they can truly perform at their best,” said Tom Carleo, vice president of running and outdoor at New Balance.

The Track at New Balance is being designed by Elkus Manfredi Architects and will be constructed by John Moriarty Associates.

“The Track at New Balance is another example of a way in which Massachusetts communities benefit from innovative partnerships that allow neighborhoods to grow and thrive,” said Massachusetts Governor Charlie Baker. “With today’s groundbreaking, New Balance continues to invest in Boston Landing, building on our shared work to ensure its evolution into a neighborhood where residents and visitors come to live, work and play.”

“This is an exciting day for the City of Boston as we see the growth of Boston Landing, which has become an anchor for a neighborhood that is really hitting its stride,” said Boston Mayor Martin J. Walsh. “The new Track facility at New Balance will be a welcome new resource for our city and the entire region and will be a great addition to a campus that has done great things for our city in just a few years.”