MANSFIELD, TX – South Florida real estate company PointOne Holdings worked with Real estate capital management Development of a multi-family community with 266 residential units in Mansfield, a suburb of Dallas Fort Worth, Texas.
The Main Street Lofts Phase II will be built on 8 acres and will consist of four Midrise buildings with exceptional amenities including an indoor / outdoor lounge on the fourth floor, a resort-style pool, a mezzanine clubhouse and a government building. state-of-the-art fitness center.
The property will have direct access to an expanded network of trails that connects to Mansfield Town Park under Main Street and includes a 600-seat amphitheater, playgrounds, picnic areas, hiking trails and sports fields. The community is just a short walk from the recently revitalized downtown Mansfield, which features new restaurants, bars and a major renovation of the historic Farr Best Theater.
Mansfield has seen significant growth, largely due to its employment opportunities, world-class school system, proximity to major medical and health centers, and easy access to Dallas, Fort Worth and DFW International Airport.
"We are honored to be partnering with Realty Capital Management on this unique residential development project," said Leo Peicher, Managing Partner of PointOne Holdings. "We are also excited to complete our second development project in these unique times and are very grateful to our investors who supported our decision to move forward as we know this property will be exceptionally well positioned upon delivery."
"We are excited to develop an apartment building in Dallas / Fort Worth, the fourth largest subway area in the country with an estimated population of 7.2 million and a huge population growth expected in the coming years," said David Lewin, Managing Director of PointOne Holdings Partner. "We are optimistic about delivering this fabulous property at the far end of the Covid-19 pandemic and expect to be met with pent-up tenant demands."
Tim Coltart, Managing Director of Realty Capital, commented on the development: “Having seen Mansfield's extraordinary growth and the expansion of its historic downtown area over the past few years, we couldn't be more excited to do a project in the heart of the city. With direct access to public roads and the city center as well as close proximity to excellent public schools, Main Street Lofts Phase II is really one of the best development locations in the D-FW Metroplex. We are grateful for this opportunity to open our partnership with PointOne Holdings and continue our partnership with the City of Mansfield in developing a successful project. "