The Dallas Mavericks are moving forward with efforts to rezone a large former retail site into a new sports and entertainment district. The NBA franchise has identified roughly 100 acres of land once occupied by the Valley View Center mall as the location where it plans to begin the rezoning process.
Valley View Center was a prominent regional mall during the 1990s, when it housed department store anchors including Bloomingdale’s, Dillard’s and Macy’s. Over time, the property declined, was eventually shuttered, and was fully demolished in 2023, clearing the site for potential new development.
According to reporting from The Dallas Business Journal, the Mavericks envision transforming the former mall site into a mixed-use destination. Plans under discussion include a state-of-the-art arena as the central anchor, supported by a mix of restaurants, entertainment venues, public green spaces and family-oriented attractions. The concept reflects a broader shift from traditional enclosed malls toward multiuse districts that combine sports, leisure and community-oriented open space.
The team is operating under a defined timeline to secure control of the property. The Mavericks have until January 2028 to close on the land associated with the Valley View Center site. The article notes that Seritage Growth Partners owns a portion of the property, underscoring that the land assemblage includes multiple interests.
To maintain its ability to acquire the site, Mavericks ownership has committed to a series of scheduled payments in exchange for the right to purchase the land. Under the current agreement, the organization is paying $126,900 per month through January 2027. Those monthly payments are then set to increase to $274,950 for the period from January 2027 through January 2028, preserving the team’s option to proceed with a purchase.
The transaction structure calls for a dedicated entity affiliated with the team to serve as the buyer. Arena Development Intermediate LLC (ADI), described as a Mavericks subsidiary overseeing the deal, is the entity designated to acquire the property. The agreement provides that ADI would ultimately pay around $51 million to purchase the Valley View site if the team elects to exercise its option and close on the land.
While specific development timelines, construction details and financing arrangements for the proposed sports and entertainment district have not been disclosed, the current focus is on the entitlement and rezoning process. Securing appropriate zoning will be a key prerequisite for any vertical development and for delivering the mixed-use program described by the team. As the Mavericks advance discussions around land use and planning, the former mall site is positioned for a potential long-term transition from a demolished retail complex to a new arena-anchored district.
