Dallas Suburb Taps Bridgeview for Downtown Renovation

The southeast Dallas suburb of Mansfield lined up a new developer for a long-awaited $50 million mixed-use project meant to energize its downtown area.

Mansfield City Council voted to greenlight a deal with Dallas-based Bridgeview for a planned 253 apartment units, 13,000 square feet earmarked for retail and commercial space and 7,800 square feet of public space at the northeast corner of Smith and Elm streets, according to the Dallas Business Journal.

The city has been eyeing redevelopment of the site since 2022. Previously, they had a deal with Dallas-based Hoque Global for the same project before Hoque missed a 2024 deadline, reverting the land back to city control. The company cited infrastructure issues and cost escalations for missing the first deadline, according to the outlet. CEO Mike Hoque was given a mulligan by the city, but it appears that Bridgeview won out instead.

The delays in Mansfield were felt across Hoque’s other projects: they secured extensions for their $1 billion University Hills project in Dallas, but the Evans and Rosedale Urban Village efforts in Fort Worth were dropped by that city due to missed deadlines.

The new agreement has Bridgeview positioned to snag the 4 acres needed for the project for $1.5 million within five months, and polishing off final designs and permits to begin construction by August 2027. The development is expected to take around two years to be completed.

The City Council’s approval also places the development in a tax increment reinvestment zone, giving Bridgeview a $5.5 million grant over 15 years. The payout won’t come until the project is completed and is creating tax value for the city. The city can also buy back the land for the same price it sold it if the developer hasn’t begun construction by the agreed timeline.

Mansfield executive project manager Casey Lewis told the outlet that the Bridgeview deal has less moving parts than the Hoque deal. The deal is also smaller, as reimbursements and incentives offered to Hoque totaled $14.5 million.

— Hunter Cooke