Mansfield is experiencing a surge in development as the city continues to see rapid population growth. The projects range from a proposed film production studio to new apartments and retail stores.
Dallas-based Wildcat Management’s $150 million Castle Ranch mixed-use development is the latest addition to the projects underway or announced in the fast-growing North Texas city.
According to the woman-owned commercial real estate firm, the development will feature multifamily units, townhomes, retail, and live/work spaces connected by walkable streets, sidewalks, and pedestrian paths.
Wildcat Management says the company has teamed up with local officials and area stakeholders to improve the western side of Mansfield and enhance the value of the city.
Castle Ranch will create a new district that connects to the city’s trail system, an adjacent dog park, and a city park that received taxpayer approval in November 2022, the firm said in a news release. The project— located near major highways I-20 and Hwy 287 — is built on one of the largest contiguous parcels in Mansfield and will be within walking distance to downtown, shopping, restaurants, and entertainment.
The upcoming Castle Ranch project is expected to break ground in 2024.
Wildcat Management owner Tanya Ragan says she’s expanding her company’s “pawprint” in the region.
“I am excited about the opportunity to apply Wildcat’s years of community building and urban renewal experience in downtown Dallas toward Mansfield’s visionary efforts,” Ragan said in a statement. “Our public-private partnership will yield benefits to generations of Mansfield’s citizens.”
Innovation corridor, multifamily, and more mixed-use
Rendering of The Mansfield Innovation Community [Image: Gensler]
Adding to the growing list of projects in Mansfield, the city announced plans in January to create The Mansfield Innovation Community, also known as “The MIC.” The project, in partnership with Admiral Legacy Investments, will be part of the planned Mansfield Innovation Corridor and will occupy 18 acres of land at Heritage and Regency Parkways, with one million square feet of master-planned community slated to be developed in phases.
The MIC will feature collaborative spaces, retail, corporate residence, parks, trails, education, an innovation hub, and corporate headquarters. The project is slated to break ground in spring 2024, with Phase 1 scheduled to open by Summer 2025.
Breaking ground in 2023
The new developments are evidence of Mansfield’s growing appeal as a desirable location for investment and development.
Beyond Wildcat Management’s project and the plans for the MIC innovation district, Dallas-based real estate firm Leon Capital has submitted plans for The Revel, a $46.5 million multi-building apartment complex that’s set to break ground later this year and deliver in 2025.
The Revel will occupy 396,000 square feet and include two four-story apartment buildings, three buildings with three stories, and a two-story clubhouse. Meanwhile, the mixed-use Chisholm Flats development, which features 800-1,000 multifamily units, medical office space, hotels, and restaurant and retail space, is already in the works.
Rapid growth draws H-E-B and ‘movie magic’
Mansfield is south of Arlington and has a population that’s risen from 28,000 in 2000 to 74,000 today, and major companies like H-E-B are taking notice. The grocer recently unveiled plans for a new store in Mansfield, adding to the town’s growing list of commercial and residential projects.
Mansfield Mayor Michael Evans [Video still: City of Mansfield]
In addition to the flurry of real estate development activity, Mansfield has set its sights on becoming a hub for film production, with plans to break ground this year on Mansfield Super Studios, a film production studio to be built on 72 acres of undeveloped land. In addition to a cluster of five studios, the $70-million project envisions restaurants, a hotel, and retail space. The mini-Hollywood aims to attract streaming services and major productions to the area, such as Taylor Sheridan’s hit series “Yellowstone” and “1883,” filmed in the Fort Worth area.
Mayor Michael Evans has touted the studio project as “movie magic” that will benefit not only Mansfield but also the entire state of Texas.
Quincy Preston contributed to this report.
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R E A D N E X T
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The city of Mansfield, Texas, plans to break ground this year on Mansfield Super Studios, a film production studio to be built on 72 acres of undeveloped land, with restaurants, a hotel, and retail part of the project's $70 million vision.
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The Mansfield Innovation Community, or "The MIC," is set to be the epicenter of a multi-phase, one-million-square-foot development. This hub for lifestyle and workstyle will feature 240,000 square feet of Class A+ office and collaborative space, as well as retail and mixed-use development.
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