MARIETTA, Ga. (AP) — The Atlanta Braves have closed on land to build a new stadium in the city's northwest suburbs and expect to soon name the ballpark's designer and architect.

Atlanta Braves executive Mike Plant said Friday the organization completed the purchase of a 57-acre parcel in Cobb County for the new $672 million stadium.

The Marietta Daily Journal reports (http://bit.ly/1mWRKfJ) that the Braves agreed to pay Bethesda, Md.-based B.F. Saul Co. about $34 million for the 57.1-acre site.

The team hopes to open the stadium for the 2017 season.

The Marietta paper reports that the team plans to announce the stadium designer and architect next week.

The project is set to take the team out of downtown Atlanta for the first time since it moved to Georgia from Milwaukee in 1966.