The Mansfield City Council on Monday gave first-round approval to a 31-acre mixed-use development of houses, high-end apartments and commercial, saying it would be the “gateway to historic downtown Mansfield.”
Realty Capital Management calls its project Main Street Lofts, proposing to build up to 550 apartments, or “high-end lofts” on property across North Main Street from the U.S. Post Office and the entrance to Town Park. Up to three of the apartment buildings would have the lofts above first-floor retail businesses. About 11 single-family homes would be build on the frontage of North Street, across from existing homes.
The development would also include townhomes; officials said the market would determine how many eventually are build.
If the project gets two more council votes of approval, construction could start by the end of the year on the first of two phases.
But it’s not a shoo-in. Council members had lots of questions during the 90-minute discussion.
“This is potentially a game changer,” Mayor David Cook said after the meeting. “However, there are a lot of issues that need to be addressed.”
Councilman Cory Hoffman cast the only vote against the development.
“It’s still an apartment project to me,” he said.
Robert Cadwallader, 817-390-7641