DALLAS – Crews broke ground on Friday on a new $4 billion development where Valley View Mall once stood in Dallas.
For years, people have heard unfulfilled promises of a new future for the site.Â
“This time is different,” said Scott Beck from Beck Ventures.
Dallas Midtown 
What’s new:
On Friday, a groundbreaking ceremony was held for the future Dallas Midtown development. It included the traditional speeches and shovels to overturn dirt.
Artist renderings were also shared for an $86 million luxury apartment building that will be called The Premier at Midtown. The six-story building will have retail shops on the ground floor.
The backstory:
Valley View Mall mostly closed in 2015, although an AMC theater remained at the abandoned mall at the LBJ Freeway and Preston Road until early 2022.
The mall was finally demolished in 2023 after two Dallas firefighters were injured battling one of several fires that broke out at the abandoned site.
Over the last several years, there have been announcements, including some by Beck Ventures, about what was to be built on the 110-acre site. But every time, there’d be delays.
The pattern continued for several years with the site remaining empty, to the frustration of many.
Valley View Mall Demolition
MORE PREVIOUS COVERAGE:
What they’re saying:
Beck Ventures assures that this time, the project will happen.
“The deal is actually already closed. We are partners with two of the largest conglomerates out of Japan – Toyota and Panasonic. And we also have our debt financing in place with a local bank here in Dallas,” Beck said.
What’s next:
The Premier at Dallas Midtown will only span about 4 acres of the total Dallas Midtown district. But Beck said he’s confident there will be more construction to follow.
Plans include more high-end apartments, hotels, office space, restaurants, and entertainment options.
Construction on The Premier at Midtown should be complete in about 2.5 years.
The Source: The information in this story comes from Friday’s groundbreaking ceremony, interviews with Scott Beck from Beck Ventures, and past news coverage.