The city of Mansfield is partnering on a project to bring its “innovation vision to reality” by developing The Mansfield Innovation Community—also to be known as “The MIC.”
The fast-growing suburb south of Arlington recently gained city council approval for a partnership with Lewisville-based Admiral Legacy Investments for the project. The city has allocated 18 acres at Heritage and Regency Parkways—currently owned by the Mansfield Economic Development Corporation—to be the epicenter of a planned Mansfield Innovation Corridor.
One million square feet of master-planned community is slated to be developed in phases, with The MIC featuring “240,000 square feet of Class A+ offices/collaborative space, retail, and corporate residence together with parks, trails, education, an innovation hub, and corporate headquarters,” the city and Admiral Legacy said in a statement.
Mansfield mayor: ‘An exciting start’
“This is an exciting start to realize the vision for an innovation corridor and will promote regional economic development and stimulate business and commercial activity,” Mansfield Mayor Michael Evans said in the statement.”
Mansfield EDC Executive Director Jason Moore has big plans for what the innovation corridor could lead to—with a vision of creating “a meaningful and identifiable regional business hub.”
Ese Aihie, president of Admiral Legacy Investments, says The MIC will be “a lifestyle and workstyle hub where problem solvers can join forces to put their ideas, discoveries, and ventures to work in unprecedented ways.”
“Our goal is to build an ecosystem that fosters innovation by linking educational institutions, incubators, accelerators, businesses, and investors to create pathways for the future workforce,” Aihie added.
The project is slated to break ground in Spring 2024, with Phase 1 and its Class A+ offices opening by Summer 2025.
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