Cuban Mark(s) sweet spot in Design DistrictCuban Mark(s) sweet spot in Design Districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=134112016-06-08T05:00:00Z2016-06-08T20:30:00Z

​​​​​​​​DALLAS - Dallas Mavericks owner Mark Cuban is taking his basketball team in a new direction—moving its practice facilities across Stemmons Fwy. from American Airlines Center to the Design District.​

Cuban bought about 13 acres at Stemmons Fwy. and Inspiration Drive, directly across I-35E from Victory Park.

Cuban said he plans to quickly relocate to the property in a temporary building space.

The tract is now occupied by a collection of industrial and commercial buildings that over the years have housed everything from a Levitz Furniture store to a high-tech data center.

The Mavericks will repurpose one of the buildings into temporary practice facilities and eventually redevelop the site into a mixed-use complex.

The Mavericks’ development could eventually include a wide variety of features, including a team store, public cafe, a museum and theater and outdoor plazas with water features, according to early design schemes.

The former design showroom and warehouse neighborhood northwest of downtown is being rebuilt with hundreds of new apartments, restaurants, retail and hotel rooms.

“The Design District could wind up looking more like Uptown in another decade,” said developer Jim Lake, a longtime owner in the area. “It’s a smart move for Cuban.

Soft Layer Technologies has a long-term lease on the front building on the property, which is used for a data center. It’s unlikely that facility will be moving any time soon.

Real estate brokers say freeway property in that area is selling for $70 to $80 per sf. That’s less than a third of what land is going for in nearby Uptown.​​

Dallas Morning News
Dallas-Fort Worth-Arlington
Public Facilities
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