Valley view mall is only months away from being demolished and in it’s place, a $3 billion Midtown project backed by Beck Ventures is going in. This is very exciting because this part of Dallas desperately needs a breath of new life. Here’s what the plan consists of:
- Hike and bike trails connecting to White Rock Lake
- Parks and Open Space
- Modern Trolley system
- Gondolas connecting Dallas Midtown to the Galleria
- Interactive Water features throughout the development, including a wave pool and Ariel Show Fountains
- Two Luxury Hotels
- Iconic Office Towers
- Luxury Condo Units for Sale
- Upscale Multi-Family Rental Units
- 16 Screen Movie Theatre
- Boutique Shopping
- Restaurants and Entertainment venues
What does this mean for my investors? It means it’s time to start buying as many houses around this area and HOLDING them! Dallas will be rapidly appreciating as a whole due to a 3-year shortage of move-in-ready homes, but this area will be appreciating faster than most because of this Midtown project.
“When visitors come to Dallas Midtown, they won’t want to leave. All of the pieces fit together like a hand and glove. We have focused on every detail to ensure Dallas Midtown is both a pleasurable and memorable experience,” says Jeffrey Beck, Managing Partner of Beck Ventures.
“Dallas Midtown will become a major economic driver for the city of Dallas. It will strengthen our tax base and help our city lure and retain corporate headquarters. This is an extremely desirable site and this is the perfect way to develop it,” says Tennell Atkins, Dallas City Council.
“Dallas Midtown is located on prime real estate with great potential. We know this development will become the most sought after address for businesses and residents,” concluded Jarrod Beck, Managing Director of Beck Ventures.
I’m stoked to see this transformation unfold. Call me if you want to buy up some of the surrounding properties before they jump up in value.