The Dallas Mavericks have narrowed their search for a new arena to two locations, with a final decision potentially coming by July 1. The two sites under consideration are downtown Dallas, possibly on the current City Hall property, and the former Valley View Center site, a 110-acre tract at Preston Road and Interstate 635 in North Dallas.

For buyers, sellers, and investors, this is more than a sports headline. Arena projects often influence long-term development, infrastructure improvements, and property demand across surrounding neighborhoods.

The Two Locations Explained

Downtown Dallas Option
One downtown site being discussed is the land where Dallas City Hall currently sits. The building was designed by renowned architect I. M. Pei, and the city continues to debate whether it should be preserved or demolished. That debate intensified after Ross Perot Jr. publicly questioned whether the structure should remain.

If the arena stays downtown, expect ripple effects in the Central Business District, The Cedars, Deep Ellum, Uptown, and the Farmers Market area. Historically, large-scale entertainment anchors can accelerate mixed-use development, residential high-rises, and retail expansion.

Valley View Center Site
The second option is the former Valley View Mall property in North Dallas, near 75240 and 75244. At 110 acres, the site offers scale and flexibility. A project of this size could reshape the Preston Hollow and North Dallas corridor, especially near the Galleria area.

For homeowners in 75230, 75225, and surrounding Preston Hollow neighborhoods, this could influence future buyer demand depending on traffic, redevelopment, and commercial expansion patterns.

The Mavericks’ lease at the American Airlines Center runs through 2031, which provides time for city planning, infrastructure analysis, and long-term negotiations.

What This Means for Dallas Real Estate

Clients often ask:
“Will a new arena increase property values?”
“Should I buy before redevelopment begins?”
“Will traffic impact certain neighborhoods?”

The answer depends on location and timing.

In Downtown Dallas, new infrastructure and walkability can support condo values and urban townhomes. In North Dallas, large-scale redevelopment could create long-term appreciation opportunities, particularly for investors targeting transitional corridors.

This is where local expertise matters.

Why Clients Work with Eugene Gonzalez

As a Top 1% Dallas Realtor and founder of ALTA Realty Group, I track these developments closely because they shape buyer behavior.

Deep Local Knowledge

From historic Tudors in Kessler Park to modern builds in North Oak Cliff and luxury estates in Preston Hollow, understanding property type and neighborhood identity is critical. Arena development impacts each submarket differently.

Personalized Strategy

Every client receives a tailored plan. Whether you are selling in 75208 Oak Cliff or buying near Valley View, the strategy adjusts to current development patterns, school zoning, traffic planning, and buyer demand.

Negotiation Strength

Major news shifts buyer psychology. When headlines create uncertainty or momentum, negotiation positioning becomes key. I help clients leverage timing to secure stronger offers and protect equity.

Technology and Marketing

At ALTA Realty Group, we use predictive market analytics, targeted digital marketing, and hyper-local exposure to position listings correctly. When development news hits, we respond fast.

Proven Results

With over $150M in production and 450+ clients served across Dallas, our track record reflects disciplined pricing, strong representation, and consistent outcomes.

Action Steps for Buyers, Sellers, and Investors

If you’re a homeowner in Oak Cliff, Kessler Park, Downtown Dallas, or Preston Hollow, now is the time to evaluate how potential arena development could affect your property’s future positioning.

If you’re a buyer or investor, understanding infrastructure planning before public momentum builds can create opportunity.

The arena decision may not be final until July 1, but strategic moves rarely wait for headlines.

If you want a neighborhood-specific analysis of how this could impact your home value or investment strategy, message “News” or reach out directly.

I’m Eugene Gonzalez, and my role is simple: help you make confident, informed decisions in a rapidly evolving Dallas real estate market.