Introduction to the Valley View Center Property
Developer Scott Beck won’t confirm whether representatives of the Dallas Mavericks are scoping out his Valley View Center property for a new NBA arena.
But with 110 acres at the corner of Preston Road and Interstate 635, it is one of the largest undeveloped properties in Dallas with clear potential as the basketball franchise moves on from the aging American Airlines Center downtown.
The Valley View Center site is a sprawling dead zone with plenty of hope but more than a decade of promises for transformation that have not yet materialized. With its location between downtown and the suburbs and its spot within the city’s 450-acre International District planned for housing, retail and a Central Park-like green space, real estate hawks see the old mall site as an obvious candidate for the hometown team’s future.
History of the Valley View Center
After opening in 1973, Valley View was a shopping hub for decades. Then the mall went into decline and the structures were demolished between 2019 and 2023.
Beck Ventures purchased the mall in 2012 with a plan to redevelop it into what was then called Dallas Midtown, a mixed-use project with boutique shopping, luxury hotels, office towers and restaurants.
In 2013 the city created a 450-acre planned development zone encompassing Valley View and the nearby Galleria Dallas, pitching it as a walkable neighborhood to also attract global businesses. The plan, now called the International District, came with a massive rezoning to accommodate the $4 billion projected development.
Potential for a New Arena
“It makes a lot of sense for it to have a stadium there,” said Steve Triolet, senior vice president of research for Partners real estate firm. “It checks all the boxes. It’s as perfect as you can get. It’s just is that where they want to go?”
Dallas Mavericks CEO Rick Welts declined to answer whether the team was considering Valley View but said it hopes to decide on a new home in early 2026.
“We continue our process of evaluating sites suggested by the City of Dallas,” Welts said.
Old signage for Valley View Mall stands at the former location in North Dallas, on Monday, Jan. 03, 2022.
Ben Torres / Special Contributor
Benefits of the Location
Valley View is close to the Dallas North Tollway, of one of the main north-south arteries, and sits next to I-635, making accessibility a nonissue. There is also a long-discussed plan for an autonomous transportation system, also called a “people mover,” to connect the Galleria and Valley View, building on the dream for a walkable district that doesn’t depend on cars.
The old mall has 20,000 parking spaces, Beck said, but any new development would likely have its own structured parking.
Future Development Plans
Even though the original Dallas Midtown project failed to materialize, Beck said the vision for a vibrant blend of entertainment and midtown living remains the same — what he calls an “eatertainment district.”
The site is built to have a grid with long pedestrian streets with restaurants, retail, apartments and offices on top. But the options of what could go inside are endless, he said.
“Could you then take a part of that and say, ‘That’s going to be a stadium?’ Absolutely,” Beck said. “Could you say that’s going to be the new AT&T corporate campus? Absolutely. Could it be some other corporate campus? Absolutely.”
Traffic on Preston passes the former Valley View Mall site on Friday, Sept. 12, 2025, in Dallas.
Smiley N. Pool / Staff Photographer
Conclusion
Beck said his development group will be announcing a mixed-use development on a portion of the site in about a month, but it doesn’t preclude another large user from landing there as well.
“It’s upsetting that it’s taken this long to get started, but it will be a world class development,” Beck said. “It’s an important area to the city, it’s an important area to our family and to our company.”
FAQs
Q: What is the Valley View Center property?
A: The Valley View Center property is a 110-acre site located at the corner of
