Stillwater Capital has sold nearly 10 acres to the city of mansfield as the fast-growing southern Tarrant County community seeks to build a new city hall and town square.
Mansfield’s civic additions are set to anchor a mixed-use development quarterbacked by the dallas real estate investment and development company. The project leans into a pedestrian-friendly design, intended to create an urban center interspersed with water features, green space and amenities for public use.
Mansfield Mayor Michael Evans on the importance of a new city hall: “A new city hall in this location will create a public space for all residents of Mansfield that fosters civic engagement, participation, and pride, in the heart of our city.” This design is not final and is for illustrative purposes only.(City of Mansfield)
Stillwater’s project, titled “The Reserve,” is situated near Methodist Mansfield Medical Center between U.S. 287 and Texas 360. Its scope features several phases of residential and retail projects that have already been completed or are under construction.
Mansfield’s city hall is next in the development lineup. Details of the master plan are expected to be released this summer.
Mansfield has seen a wave of new developments announced and commenced over the past few years.
That includes Heritage Park, a mixed-use project from Heath’s 1ONEFirm Inc. and Tekmak Development that is to include a hotel, along with retail, restaurant and medical office space.
The city has also teamed with Hoque Global on a $65 million mixed-use development called Smith & Elm. The collaboration between the city and the Dallas-based firm includes apartments and retail in the community’s historic downtown district.