Seritage Growth Properties, one of the largest owners at the Valley View mall site in North Dallas, is hoping to sell out of the property.
Seritage Group Properties selling Valley View land previously planned for high-rise mixed-use project.
In 2019, Seritage and Dallas developer KDC held a commencement ceremony to kick off construction on the project, which was to have up to 2 million square feet of office, retail and residential construction.Seritage now is hoping to sell the almost 17-acre property, which once was the site of the mall’s Sears department store.Commercial property firm Jones Lang LaSalle is marketing Seritage’s Valley View land, which it calls Vista Commons.
Seritage – which was created out of the Sears bankruptcy – recently announced that it plans to sell much of the real estate it inherited from the failed department store chain. The company has ownership in more than 100 properties across the country, including the North Dallas property. While redevelopment plans have progressed at southwest Dallas’ Red Bird Mall and at the Collin Creek Mall site in Plano, grand plans for Valley View have mostly stalled.
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