Mark Cuban is looking to build a new training facility and office headquaters for the Dallas Mavericks, according to the Dallas Business Journal. The article cites sources that say Victory Park and Deep Ellum are possible locations for the future development.
Currently, the Mavericks' practice facilities are located in the basement of the American Airlines Center. Their practice court is visible from the bottom level of the Jack Daniel's Old No. 7 Club at the arena. The team's offices are located in Deep Ellum.
It's believed that if and when Cuban decides to move forward with the idea, it could resemble the Dallas Cowboys' multi-million dollar practice facility and mixed-use development that is being built in Frisco, Texas. Unlike the Cowboys, though, the DBJ reports Cuban doesn't have plans to build in the suburbs, preferring to remain near Dallas' urban core.
Cuban owns approximately 3.5 acres south of downtown Dallas in the Cedars neighborhood on Lamar Street across from the newly opened Alamo Drafthouse. That area has seen a boom in residential development in recent years and is a burgeoning entertainment district.
He also owns two blocks of buildings in Deep Ellum where Broadcast.com, the internet radio company he sold to Yahoo! for $5.7 billion in 1999, was located. The Mavs offices are there now.
Cuban also owns about 10 acres of land in the Preston Hollow neighborhood of north Dallas. He's been purchasing it in this area since 1988. He plans to build an office complex on the site but has met resistance from the well-to-do residents in that area.
Building a new practice facility isn't a new idea. Cuban has talked about it as far back as 2014. But if his other real estate dealings are any indication, he's in no real rush to see the dirt flying.
Cuban is working with Dallas-based HKS Inc. and graduate architecture students at Texas A&M to come up with a design for the new facility, according to the Dallas Business Journal. HKS designed AT&T Stadium and Globe Life Park in Arlington among many other projects.
The new facility for the Mavericks is expected to have a team store, museum, cafe, and garden. It will also have office space and conference rooms for startup tech companies.
Final designs are due in early May.