When this North Texas mall opened nearly 40 years ago, it drew shoppers with a lineup of major department stores and a 12-screen Cinemark theater. Today, with as much as half the mall vacant, its owners are planning on a transformative revival.
The City of Lewisville and Michael Jang, an attorney for Hankook Property Management Co. Inc., an affiliate of the mall’s majority owner, did not immediately respond to Chron’s request for comment Wednesday.
The City of Lewisville reviewed potential plans for The Vista redevelopment at a February 2025 meeting. Officials described the details as flexible and conceptual, with a mix of housing, retail, entertainment and public gathering spaces.
A portion of the redevelopment plan would be dedicated to housing, with plans for roughly 1,142 multifamily residential units and roughly 120 townhomes.
In addition, 34,000 square feet of office space, an undetermined amount of activated green space and a 120-room hotel with a conference center could also eventually rise onsite.
The future of the Cinemark theater and Zion Market grocery store also remains uncertain. The concept allows for the theater’s removal, while the mall’s majority owner does not control the market.
Jang told the Dallas Business Journal Hankook was currently working with the city on approvals and that everything else was largely conceptual at this time. If zoning is approved, Jang told the publication redevelopment would be phased out, based at least partially on market conditions.
“This project could bleed into 2027 depending on when we can complete certain city requirements,” Jang told Chron in an email Wednesday. “I won’t have a project timeline until we get our approvals. We will figure out the best way to go forward with the development once we obtain approvals.”
Lewisville voters approved $32.2 million in 2024 bond funding for streets serving The Vista redevelopment, according to the Lewisville Economic Development website. The city is still finalizing the master plan and zoning for the proposed mixed-use project, then plans to negotiate a development agreement with the owners and partners.