D-FW Real Estate News<\/p>\n
By signing up, you agree to our\u00a0Terms of Service<\/a>\u00a0and\u00a0Privacy Policy.<\/a><\/p>\n At the time, just over a third of the suburban mall was to be leveled after Macy\u2019s announced it was closing. <\/p>\n Related<\/p>\n The group has had to pivot its plans once again after two other anchor tenants announced they\u2019d shut down. Neiman Marcus<\/a> will close by January, and Dillard\u2019s<\/a> shuttered late last year. <\/p>\n The plans for the site are flexible. The group owns all 90 acres and additional zoning changes won\u2019t be needed, the duo said. Cawley said up to 2 million square feet of office space could be built at the site depending on market demand.<\/p>\n Cawley and Levin declined to comment on negotiations between the Stars and Plano officials regarding a new arena at the property. The News first reported in October that the hockey franchise was eyeing Willow Bend<\/a> as the site for a more than $1 billion arena.<\/p>\n City leaders acknowledged they\u2019ve had \u201cearnest discussions\u201d with the Stars \u201dregarding a potential arena district” where the mall sits.<\/p>\n However, Cawley and Levin said a roughly 20,000-seat entertainment venue could fit at the site without impeding their plans.<\/p>\n \u201cEverybody is having this big debate if … the Stars are coming or if they\u2019re not. Whether the Stars come or not, this is going to be a fabulous redevelopment,\u201d Cawley said. \u201cWe are giddy to redevelop the site. This is going to be the best mixed-use site available in North Texas.\u201d<\/p>\n It will take six to eight months to finish demolition. Some surrounding structures will remain. This includes the parking garages, the restaurant district, retailer Crate & Barrel and the Equinox gym.<\/p>\n The first phases of the project will likely be residential and retail.<\/p>\n \u201cRetail and residential are going to lead the day. We could be building residential today,\u201d Levin said. \u201cThe demand is there for it, but we need to demolish the mall so we are doing this the best way. … The only thing that does not work well on the site is the mall that\u2019s sitting on it.\u201d<\/p>\n The Shops at Willow Bend covers 1.4 million square feet and was the last enclosed mall built in Texas. It opened in 2001.<\/p>\n Dallas-based investment firm Centennial, Dallas-based real estate company Cawley Partners and New York-based Waterfall Asset Management bought the center<\/a> in 2022.<\/p>\n Other tenants have left the mall in recent months. North Texas Performing Arts is making plans to move out, and Crayola Experience has closed.<\/p>\n The Dallas Stars have played in downtown Dallas since their relocation from Minnesota in 1993. The Stars\u2019 lease at American Airlines Center is set to expire in 2031. <\/p>\n The Boring Company selected a University Hills project, along with 2 other winners.<\/p>\n The owner of the fashion gallery renewed the lease on Ross Avenue.<\/p>\n","protected":false},"excerpt":{"rendered":"Owners of The Shops at Willow Bend plan to start tearing down the mall within the next year…\n","protected":false},"author":2,"featured_media":514850,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5117],"tags":[23113,196,147,5278,5,4,36593,4088,197],"class_list":{"0":"post-521914","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dallas-stars","8":"tag-commercial-real-estate","9":"tag-dallas","10":"tag-dallas-stars","11":"tag-dallasstars","12":"tag-hockey","13":"tag-nhl","14":"tag-plano","15":"tag-real-estate","16":"tag-stars"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@nhl\/116289751996837010","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts\/521914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/comments?post=521914"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts\/521914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/media\/514850"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/media?parent=521914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/categories?post=521914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/tags?post=521914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"An](\"https:\/\/www.rawchili.com\/nhl\/wp-content\/uploads\/2026\/03\/1774440687_654_RCKJSK3U4ZENTP66QT4CHSICDI.jpg\")
<\/p>\n![\"University](\"https:\/\/www.rawchili.com\/nhl\/wp-content\/uploads\/2026\/03\/IOYNC6BIRFB5NDHFVA6CNH3OQM.jpg\")
<\/a>Dallas project wins initial bid for Elon Musk company\u2019s drilling project<\/a><\/p>\n![\"Patrons](\"https:\/\/www.rawchili.com\/nhl\/wp-content\/uploads\/2026\/03\/HQCXLDX22VFXDLC3AHXRXCILQQ.jpg\")
<\/a>FIG, Dallas Art Fair to remain in downtown home<\/a><\/p>\n