Valley View Center will remain for now, but the mall that opened in August 1973 at Preston Road and LBJ Freeway still has a few chain retailers and a AMC multiplex remain among the art galleries, outlet stores and food-court.
The Dallas City Council’s Economic Development Committee was reminded Monday, modern-day Valley View is killing time on what one city official called “one of the most valuable properties in the state.”
Soon the mall will be demoed in stages and be replaced by Beck Ventures’ long-promised, almost 900,000-square-foot Dallas Midtown, a sprawling maze of new offices, retailers, apartments and hotels and a new 10-screen AMC theater built along new streets that will lead to a new park. Earlier this year, Ross Perot Jr.’s Hillwood Urban cut a deal to develop 20 acres at the northeast corner of LBJ Freeway and Montfort Road, according to Dallas Morning News.
The new deadline to begin the tear down is Decemeber 31, 2016 according to developer Scott Beck. That New Year’s Eve demo-by date is tied to $36 million in public subsidies that will go toward everything from infrastructure improvements to environmental remediation to subsidizing the affordable housing component.
To see more about the project click HERE