New apartments on the way at old Valley View mall site – The Dallas Morning News

A new apartment community may be the first construction to replace Dallas old Valley View mall.

Pennsylvania-based builder Toll Brothers has filed permits to construct a rental community on Preston Road just north of LBJ Freeway on part of the old mall property.

The new apartments are part of a $1 billion mixed-use development to be constructed on 25 acres of the mostly demolished Valley View site.

Toll Brothers is building apartments in the project along with Dallas developer KDC and property owner New York-based Seritage Growth Properties.

Almost 2 million square feet of offices, apartments, and retail and restaurant space are planned in the Park Heritage development, which is going up where a Sears department store, auto center and parking lots once stood.

In May, the developers knocked down the old Sears buildings as part of a redevelopment of the 173-acre Valley View property.

Toll Brothers filed permits to build the first 266 apartments at Park Heritage. At the same time, KDC and Seritage are working with office, retail and potential hotel companies interested in the rest of their site.

Toll Brothers Apartment Living is already active in the Dallas area. The rental home division of the big national homebuilder is constructing a 22-story, 270-unit apartment tower in the Oak Lawn neighborhood. And the builder has a 280-unit project in West Dallas.

Most of the 46-year-old Valley View mall has been demolished to make way for a planned 430-acre neighborhood redevelopment dubbed Dallas Midtown.

Plans for the district on the north side of LBJ Freeway include a variety of new construction surrounding a 20-acre park.

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New apartments on the way at old Valley View mall site - The Dallas Morning News