Photo: Peter Baba

The Dallas Mavericks have taken a major step toward building a new home, announcing a preliminary agreement to develop a state-of-the-art arena and entertainment district at the former Valley View Mall site in North Dallas.

Located near Interstate 635 and Preston Road, the proposed project will span 104 acres and is expected to become the franchise’s long-term home beginning with the 2031-32 season.

The Mavericks will continue playing at American Airlines Center until their current lease expires in July 2031.

The organization said the Valley View location best matched the criteria established during its search for a new venue.

“The Valley View site meets most of the criteria established at the outset of our evaluation process,” the Mavericks said in a statement. “It is our goal to stay in the city of Dallas, and we believe this site provides the strongest opportunity to achieve that goal.”

The development is expected to include much more than an arena, with plans featuring hotels, restaurants, retail space, a practice facility, public gathering areas and other entertainment attractions.

Mavericks CEO Rick Welts, who previously helped oversee the construction of the Golden State Warriors’ Chase Center, has led the project since joining the franchise in 2025.

American Airlines Center has served as Dallas’ home since 2001 and hosted the franchise’s only NBA championship in 2011.

If the current timeline holds, projected franchise cornerstone Cooper Flagg will be 25 years old when the Mavericks move into their new arena.

Mavericks To Leave American Airlines Center For New North Dallas Arena District By 2031 https://t.co/lwQJEah6uh