The city of Mansfield has approved a public-private partnership with Dallas-based Stillwater Capital for The Reserve, a 210-acre mixed-use community with a series of “one-of-a-kind water features.” Full buildout of the community will exceed $1 billion in private investment, Stillwater said.
The project aims to make a big splash—literally. Amenities will include a half-mile “canal loop,” a boardwalk plaza, and a six-acre lake. The outdoor amenities will connect via a pedestrian network to the emerging town square, anchored with a new city hall and adjacent hotel, restaurant/retail, and entertainment spaces.
“This groundbreaking plan embodies sustainable urban design, providing community focused space and an activated outdoor environment for residents and visitors to enjoy,” Stillwater Capital Partner Clay Roby said in a statement. “Today’s announcement is a testament to what can be achieved when public and private partners work together to realize a forward-thinking vision for the future and we’re grateful to play a part in this journey.”
Another view of the Mansfield Riverwalk. [Rendering: McAdams/Stillwater Capital]
Located around 19 miles south of Arlington, the project is adjacent to the Methodist Mansfield Medical Center on E. Broad Street between Texas State Highway 360 and U.S. 287. It will create a walkable town center balancing “an engaging public realm with unique hospitality experiences, thoughtful work environments, and curated residential spaces,” Stillwater said.
Expected to generate ‘thousands of jobs’
With an initial public and private investment of more than $300 million, The Reserve is expected to generate thousands of jobs, boost the local economy, and contribute to the ongoing evolution of the area. The new city hall, primary public realm spaces, commercial, and residential developments are in design with construction slated to begin in the third quarter of 2025 with phased openings starting in 2027, Stillwater said.
A city hall view of The Reserve, a $1 billion public-private project from Stillwater Capital and the city of Mansfield. [Rendering: McAdams/Stillwater Capital]
“I tell people in the community to dream with me, this city council and staff, because The Reserve is going to be a special place that Mansfield has never seen before,” Mansfield Mayor Michael Evans said in a statement. “The Reserve and Mansfield’s new city hall will be the perfect civic space where people can conduct local business, participate in their local government, and gather to make memories as one community.”
With The Reserve property originally adopted as a Planned Development District in 2006, Stillwater said it’s joined with the city of Mansfield to demonstrate “the true value of public-private partnerships, working together to ensure the city-defining vision becomes reality.”
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