Dallas has long been known for its sports teams, sprawling neighborhoods, and robust development. However, the city is often criticized for being "boring" or lacking unique experiences. That is, until the recent addition of the CM at Grandscape, which has brought a new level of excitement to the area. This new entertainment venue promises to deliver an experience similar to the Sphere in Las Vegas, but with its own Dallas flair.
Grandscape is a large, mixed-use development located in The Colony, just off Highway 121 in North Dallas. Easily recognized by the giant Ferris wheel that towers over the highway, Grandscape has become a hub for locals and visitors alike. The development is home to Nebraska Furniture Mart, one of the largest furniture stores in the country, offering everything from sofas to kitchen appliances. This alone has made Grandscape a popular destination for both shopping and entertainment.
The development has been a massive success since its opening in 2015 and was recently named the most innovative development in the world at the Global RL Awards, beating out competition from across Asia.
Grandscape isn't resting on its laurels, and new developments are constantly being introduced. Some of the most notable recent additions include:
A new luxury apartment complex is being developed at Grandscape. With 320 units expected to be completed in 2025, this will offer new living options for those wanting to reside near this growing entertainment and shopping hub. Another apartment complex, Live Grandscape, already offers 346 units to renters in the area.
For those looking for a more relaxing experience, World Springs, a luxury spa featuring over 40 mineral hot springs, has opened just behind Nebraska Furniture Mart. This unique spa offers hot springs at varying temperatures, fire pits, yoga sessions, and a cafe and bar to enjoy after a soothing soak.
The CM is the latest and most exciting addition to Grandscape, described as a "sports bar on steroids." This venue has been gaining significant attention due to its immersive viewing experience, similar to the Sphere in Las Vegas. However, CM takes it a step further with a massive screen that wraps around the audience, providing a 360-degree view of live sporting events.
Tickets for general admission start at $20, and patrons can check out upcoming events and games on CM's website.
With the addition of exciting venues like the CM and the growth of Grandscape, the real estate market in The Colony is seeing significant changes. In August 2024, the median sales price for homes in The Colony was around $576,000, a 21% increase from the previous year. This is especially impressive when compared to August 2019, when the median home price was just $324,000, representing a $252,000 increase in equity over just five years.
As the development continues to grow, real estate prices in the area are expected to rise further. With interest rates recently hitting their lowest point since February 2023, buyers are starting to return to the market, making it a good time for those considering selling their homes.
The addition of the CM to Grandscape has elevated Dallas' status as a city with more to offer than just sports games and shopping malls. The immersive sports bar, luxury apartments, and innovative development continue to bring excitement to the area. Whether you’re a real estate investor, a sports enthusiast, or just looking for something new to do, Grandscape has something for everyone. Keep an eye on this rapidly growing area, as it’s bound to become one of Dallas’ premier destinations.
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Let's schedule a meeting! During this initial consultation, we'll learn more about your situation and what you're seeking in a home. We'll provide advice and address any concerns you may have in order to determine the best approach to achieving your goals. By the end of our conversation, we'll have a solid plan of action and next steps for moving forward.
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