The Dallas Mavericks have started the process of transforming the former Valley View Center mall site into a mixed-use district to be anchored by a new arena.
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The NBA team filed a rezoning request for around 112 acres of the site just north of Interstate 635 along Preston Road. The Mavericks asked to amend the existing zoning for a planned development district to allow a sports and entertainment campus on the site of the demolished mall as well as additional space along Montford Drive and Alpha Road, The Dallas Morning News reported.
The request comes three months after the team announced plans to purchase 104 acres at the site to build a mixed-use district. The new campus is expected to feature restaurants, entertainment options, public green spaces and family-friendly experiences in addition to the new arena. The team hasn’t said how big the stadium will be, but its current home seats 19,200.
It is unknown when the zoning request will be considered by the Dallas City Plan Commission or City Council.
“We look forward to working closely with the community as the process moves forward,” team officials said in a statement.
The majority of the Valley View site was purchased by Dallas-based Beck Ventures in 2012, although Seritage Growth Properties and Life Time Inc. also own a portion of the property. While terms of the purchase agreement weren’t made public, a June filing with the Securities and Exchange Commission showed Seritage agreed to sell its 20% of the site to the Mavericks for nearly $51M.
At the time of the purchase agreement, the Mavericks said the Valley View site offered the best opportunity to keep the team in the city of Dallas.
In January, Mavs CEO Rick Welts said the team had narrowed its options for a new arena to either Valley View or Downtown Dallas.
Most of the mall was demolished in 2019, but some of it remained standing until 2023.
The NBA team has shared the American Airlines Center with the NHL's Dallas Stars for the past 25 years, but its lease runs out in 2031. The two teams had been in a legal dispute over the arena's future, but they issued a joint statement last month that their issues had been resolved.
The Mavs moving north could help the case of those pushing for Dallas officials to repair its aging City Hall. City officials have faced a variety of issues in determining the future of the I.M. Pei-designed structure.
If they decide to modernize the building and complete deferred maintenance, it could cost more than $1B over 20 years, but demolition costs could also be “astronomically” high, The Real Deal reported. Plus, a lawsuit has been filed by the Save Dallas City Hall Coalition to block a possible demolition of the building.
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