Mansfield, Texas is a rapidly growing town. Its population has increased from 28,000 in 2000 to 74,000 today. This growth has not gone unnoticed by the commercial real estate industry; Wildcat Management plans to invest $150 million into a mixed-use project and Chisholm Flats intends to build an expansive $500 million mixed-use development. Now Leon Capital Group is looking to construct The Revel – a 396,000 square foot multi-building apartment complex with two four story buildings and three three story buildings as well as a two story clubhouse – at Miller Road and Heritage Parkway for an estimated cost of $46.5 million with completion expected in 2025. In addition to 800 – 1,000 multifamily units Chisholm Flats will include 80 – 100 thousand square feet of medical office space along with hotels restaurants and retail spaces when it breaks ground later this year .
The Mansfield area continues its rapid expansion offering exciting new opportunities for commercial real estate investors alike!
