Valley View Mall: Another Bishop Arts, The Shops at Legacy Legacy?

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Valley View Mall has apparently been purchased by the Jeff Beck family, who plans to turn the hollow, seemingly vacated, 39 year old mall into an outdoor complex called “Dallas Midtown.” According to WFAA-TV,  a press conference at 10 a.m will reveal further details. This will be a $2 billion project along the lines of the hyper successful The Shops at Legacy and Bishop Arts, so reports the Dallas Morning News. The plan is to bring restaurants, retail stores, office towers, a high-rise hotel and condos, all for those who want to live in the heart of a new outdoor complex in North Dallas. It’s a great location, I mean, LBJ will be repaired one of these days, right? Just last night I was talking to a developer who tells me there will be a projected 450,000 – 500,000 vehicles per day on LBJ by 2020. It seems like there are at least that many on it right now, but personally I am finding the 114 mess at the north entrance to D/FW far worse than LBJ. Originally built in 1969, LBJ was designed to carry 180,000 vehicles per day. Right now it’s holding 270,000.

Bishops Arts is doing well, and Jeff Beck is the guy who developed Trophy Club. His brother, Scott Beck, says the center is not really as hollow as we think, it’s 55 to 65% leased. So what will this mean for North Dallas real estate? Will we actually say “Meet you at Dallas Midtown” instead of “Valley View”?

 

 

 

 

Candy Evans, founder and publisher of CandysDirt.com, is one of the nation’s leading real estate reporters.

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  1. VIVO Realty on April 24, 2012 at 11:22 am

    Great news! I hope this goes through!

  2. VIVO Realty on April 24, 2012 at 11:22 am

    Great news! I hope this goes through!

  3. CliffBED on April 24, 2012 at 11:30 am

    How many Midtown's will Dallas have? The original is on Mockingbird Lane…as in The Phoenix Midtown. Come on developers. Hire someone to create a unique name.

  4. CliffBED on April 24, 2012 at 11:30 am

    How many Midtown's will Dallas have? The original is on Mockingbird Lane…as in The Phoenix Midtown. Come on developers. Hire someone to create a unique name.

  5. JenniferC on April 24, 2012 at 11:56 am

    Oh wow!

  6. JenniferC on April 24, 2012 at 11:56 am

    Oh wow!

  7. Wyman on April 24, 2012 at 12:14 pm

    I'd like to know the name of the bank(s) that took this risk.

    • Scott Vann on April 24, 2012 at 2:26 pm

      or which pension fund.

  8. Wyman on April 24, 2012 at 12:14 pm

    I'd like to know the name of the bank(s) that took this risk.

    • Scott Vann on April 24, 2012 at 2:26 pm

      or which pension fund.

  9. Bunny on April 24, 2012 at 1:30 pm

    Love love love the idea. Such a convenient location and love The Shops at Legacy. However, HATE the name!

    • Scott Vann on April 24, 2012 at 2:20 pm

      They are seriously gonna call it Midtown? For 2 bil they could afford to hire someone to come up with a more creative name than THAT.

  10. Bunny on April 24, 2012 at 1:30 pm

    Love love love the idea. Such a convenient location and love The Shops at Legacy. However, HATE the name!

    • Scott Vann on April 24, 2012 at 2:20 pm

      They are seriously gonna call it Midtown? For 2 bil they could afford to hire someone to come up with a more creative name than THAT.

  11. scott c on April 24, 2012 at 3:19 pm

    I hope it is as successful as Bishop Arts but the scale, development principles and location are almost 180 degrees opposite. Plus, Midtown?? It's not really but maybe the name will help.

  12. scott c on April 24, 2012 at 3:19 pm

    I hope it is as successful as Bishop Arts but the scale, development principles and location are almost 180 degrees opposite. Plus, Midtown?? It's not really but maybe the name will help.

  13. Stephen on April 24, 2012 at 4:15 pm

    How about Furthernorththannorthbutnotfarnorthtown?

  14. Stephen on April 24, 2012 at 4:15 pm

    How about Furthernorththannorthbutnotfarnorthtown?

  15. critic on April 24, 2012 at 5:00 pm

    How about calling it another : " MESS ON THE PRAIRIE"
    However, that is was the late great architectural critic and writer David Dillion had already called North Texas

  16. critic on April 24, 2012 at 5:00 pm

    How about calling it another : " MESS ON THE PRAIRIE"
    However, that is was the late great architectural critic and writer David Dillion had already called North Texas

  17. Candy Evans on April 24, 2012 at 6:09 pm

    I totally agree: let's find a better name for this place.

  18. Candy Evans on April 24, 2012 at 6:09 pm

    I totally agree: let's find a better name for this place.

  19. Scott M. on April 24, 2012 at 7:12 pm

    North Dallas Ghetto… BTW Midtown is considered to be the Mockingbird Station area and thereabouts.

  20. Scott M. on April 24, 2012 at 7:12 pm

    North Dallas Ghetto… BTW Midtown is considered to be the Mockingbird Station area and thereabouts.

  21. K.C. on April 24, 2012 at 11:14 pm

    Would Midtown at Mockingbird happen to be North of Uptown? The city is full of contradictions. I think Midtown for the location at Valley View is accurate as the city has stretched so far north, IKEA doesn't even seem that far anymore.

  22. K.C. on April 24, 2012 at 11:14 pm

    Would Midtown at Mockingbird happen to be North of Uptown? The city is full of contradictions. I think Midtown for the location at Valley View is accurate as the city has stretched so far north, IKEA doesn't even seem that far anymore.

  23. David Toomey on April 25, 2012 at 12:16 am

    They should call it Valley View plain and simple. Trying to call this Midtown is ridiculous. It's North Dallas. Dallas is a spread out city more like Houston and L.A. All these people who try to cram us into a "walkable" little downtown area have bats in their belfry. We will be a series of small, active urban clusters, neighborhoods centering around the best entertainment/eating/walking. How much people actually walk will depend on shade, the pleasantness of the walkway, and access to parking. Like it or not, Dallas is a car town and that will change when the cows come home and we raise black Angus in Thanksgiving Square. BTW is that still for sale?

  24. David Toomey on April 25, 2012 at 12:16 am

    They should call it Valley View plain and simple. Trying to call this Midtown is ridiculous. It's North Dallas. Dallas is a spread out city more like Houston and L.A. All these people who try to cram us into a "walkable" little downtown area have bats in their belfry. We will be a series of small, active urban clusters, neighborhoods centering around the best entertainment/eating/walking. How much people actually walk will depend on shade, the pleasantness of the walkway, and access to parking. Like it or not, Dallas is a car town and that will change when the cows come home and we raise black Angus in Thanksgiving Square. BTW is that still for sale?

  25. Arden on April 25, 2012 at 8:33 am

    Hope there is a Costco in it!

  26. Arden on April 25, 2012 at 8:33 am

    Hope there is a Costco in it!

  27. JenniferC on April 25, 2012 at 10:35 am

    Why was the mall named "Valley View" – there's no valley? I think they should name it Montford Square.

  28. JenniferC on April 25, 2012 at 10:35 am

    Why was the mall named "Valley View" – there's no valley? I think they should name it Montford Square.

  29. James on April 25, 2012 at 12:41 pm

    I'm trying to understand the comparison to Bishop Arts? That's a more organically grown destination, using existing buildings and infrastructure that has a small-town main street charm to it. It doesn't seem like the same could be achieved with Valley View.

  30. James on April 25, 2012 at 12:41 pm

    I'm trying to understand the comparison to Bishop Arts? That's a more organically grown destination, using existing buildings and infrastructure that has a small-town main street charm to it. It doesn't seem like the same could be achieved with Valley View.

  31. Cheryl on April 25, 2012 at 5:37 pm

    Couldn't have said it better myself David Toomey. And yes, lose the lame name. Maybe Montfort Heights (if there are going to be mid-to-high rises in the development)?

  32. Cheryl on April 25, 2012 at 5:37 pm

    Couldn't have said it better myself David Toomey. And yes, lose the lame name. Maybe Montfort Heights (if there are going to be mid-to-high rises in the development)?

  33. Crosstown Clay on April 25, 2012 at 7:41 pm

    I did some work on the mall in 2010 just after Jones Long LaSalle took over the management. At that time it was 89% occupied on a sqft basis and 55% occupied by units. I walked through the mall recently and noticed, beyond the vacancy, that most of the mall stores would not be found at Shops on Legacy or Bishop Arts or Southlake Town Center. That area north of the mall between Alpha and Spring Valley just doesn't seem inviting to the North Dallas GCB crowd.

  34. Crosstown Clay on April 25, 2012 at 7:41 pm

    I did some work on the mall in 2010 just after Jones Long LaSalle took over the management. At that time it was 89% occupied on a sqft basis and 55% occupied by units. I walked through the mall recently and noticed, beyond the vacancy, that most of the mall stores would not be found at Shops on Legacy or Bishop Arts or Southlake Town Center. That area north of the mall between Alpha and Spring Valley just doesn't seem inviting to the North Dallas GCB crowd.

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