Particle.news
Download on the App Store

Dallas Midtown’s First Building Breaks Ground at Former Valley View Mall

Japanese equity with local debt financing sets the long-stalled Valley View site on a defined construction timeline.

Overview

  • The Premier at Dallas Midtown, a six-story mixed-use project with 296 apartments and about 13,500 square feet of ground-floor retail, held a ceremonial groundbreaking on Friday.
  • Phase one spans roughly four acres at Preston Road and Dilbeck Lane and is slated at about $85–$86 million, marking the first piece of the broader 110-acre plan.
  • Beck Ventures and Anthem Development secured equity from PLT America, a ToyotaPanasonic joint venture, with debt financing from NexBank.
  • Developers say vertical construction is expected to begin in January or February, with a roughly two-year build and an opening targeted for 2027, though some reports project initial move-ins by 2028.
  • The site anchors Dallas Midtown within the city’s International District, where future phases could add housing, offices, a hotel, a DISD STEAM Academy, and a possible automated tram partly backed by a reported $10 million NCTCOG grant.