Quick Summary
• The Dallas Mavericks are pursuing a new arena and entertainment district at the former Valley View Mall site in North Dallas.
• The Dallas Stars are pursuing a new hockey arena and entertainment district at The Shops at Willow Bend in Plano.
• Both teams are expected to remain at American Airlines Center until 2031.
• These developments could bring billions of dollars in investment, redevelopment, jobs, restaurants, retail, and entertainment to North Dallas and Plano.
• Homeowners, buyers, sellers, and real estate investors should pay close attention to how these projects may influence future housing demand and property values.
Dallas Sports Landscape Could Look Very Different After 2031
Two major announcements this week could significantly impact the future of Dallas-Fort Worth, not only for sports fans but also for homeowners, real estate investors, and local communities.
According to CultureMap Dallas, the Dallas Mavericks have entered agreements to pursue a new arena and entertainment district on approximately 104 acres at the former Valley View Mall site in North Dallas. The announcement comes after the organization evaluated several possible locations and ultimately determined that the Valley View site offered the strongest opportunity to remain within the City of Dallas.
Just one day later, the Dallas Stars announced plans to pursue a new hockey-specific arena and entertainment district at The Shops at Willow Bend in Plano. The proposed project would transform the area into a mixed-use destination featuring entertainment, dining, retail, public gathering spaces, and a state-of-the-art arena.
If completed, both developments would represent one of the biggest shifts in the North Texas sports and entertainment landscape in decades.
What Could This Mean for Dallas and Plano Real Estate?
Major entertainment districts often become economic catalysts for surrounding communities.
When large-scale projects attract visitors, restaurants, retail, jobs, and infrastructure improvements, nearby neighborhoods frequently experience increased attention from buyers, renters, developers, and investors.
North Dallas has already experienced significant growth over the past decade. A new Dallas Mavericks arena and entertainment district could further strengthen the area’s appeal by creating a destination that attracts residents and visitors year-round.
Plano could experience similar benefits if the Dallas Stars’ proposed arena becomes a reality. The Willow Bend area already sits within one of the most desirable parts of Collin County. Additional redevelopment could further enhance its attractiveness to businesses and residents.
While it is impossible to predict future home values with certainty, large-scale redevelopment projects often become important factors influencing local housing demand.
My Take as a Dallas Realtor
In my opinion, these announcements could become one of the most important development stories in Dallas-Fort Worth over the next decade.
The key reason is that these projects are not simply new sports arenas. They involve large mixed-use developments that could reshape how people live, work, shop, dine, and spend their leisure time in North Dallas and Plano.
The most successful real estate investors and homeowners often pay attention to major development projects years before construction begins. Whether these projects ultimately move forward exactly as proposed remains to be seen, but they are absolutely worth watching.
For anyone interested in Dallas real estate, Plano real estate, North Dallas development, Collin County growth, or future housing trends in DFW, these announcements could have long-term implications.
Looking to Buy or Sell in Dallas, Plano, or DFW?
Whether you’re buying your first home, selling a property, relocating, or investing in North Texas real estate, staying informed about major development projects can help you make better real estate decisions.
If you’re buying or selling a home in Dallas, Plano, or anywhere in DFW, contact me, Fnu Milat, Dallas Realtor, PSA, SRS, at 214-282-8574.
Related Reading: If you’re interested in population growth and housing trends across North Texas, be sure to read my article, “Top 10 Biggest Cities in DFW and Their Median Home Prices in 2026.”
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FAQs
Are the Dallas Mavericks leaving Dallas?
No. The Mavericks have stated that their goal is to remain within the City of Dallas. Their proposed new arena site is located at the former Valley View Mall property in North Dallas.
Are the Dallas Stars moving to Plano?
The Stars have signed a nonbinding letter of intent to pursue a new arena project at The Shops at Willow Bend in Plano, but final approvals and development plans are still pending.
When could the new arenas open?
Current reports indicate both teams are expected to remain at the American Airlines Center until their leases expire in 2031.
Could these projects affect nearby home values?
While no outcome is guaranteed, large mixed-use developments often attract investment, jobs, retail, and infrastructure improvements that can influence local housing demand over time.