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Dallas

Stillwater sells 10 acres to Mansfield 

Lot be used to build new city hall and town square, anchoring mixed-use project

Stillwater Sells 10 Acres For New Mansfield City Hall
Stillwater Capital’s Aaron Sherman, Robert Elliott and Rich Coady with rendering of The Reserve (Stillwater Capital, Getty)

Stillwater Capital is giving back to the Dallas-Fort Worth suburb that’s allowing it to embark on a 200-acre mixed-use development.

The Dallas-based firm has sold nearly 10 acres to the city of Mansfield, the Dallas Morning News reported. The land will be used to build a new city hall and town square, anchoring Stillwater’s project, called The Reserve.

The development, roughly 30 minutes southeast of Fort Worth, between U.S. 287 and Texas 360 will feature a mix of retail, office, medical space, residences and a hotel. The Reserve will be centered around a large green space and entertainment venues, offering a slew of public amenities.

The retail and residential portions are partially constructed, with the new city hall next in line to be developed. Stillwater is expected to release a detailed master plan this summer.

Mansfield is one of many DFW suburbs that’s seeing a surge in development activity. A venture of 1ONEFirm and Tekmak Development, for instance, is spearheading Heritage Park, a mixed-use project slated for a 125-room hotel, 60,000 square feet of office space and 20,000 square feet of retail, restaurant and medical space.

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The city is also collaborating with Hoque Global on a $65 million mixed-use complex called  Smith & Elm, situated in Mansfield’s  historic downtown district, the outlet said.

Stillwater, meanwhile, has been active in various parts of the metroplex. In Plano, the firm is plotting a $70 million, 569,000 square-foot apartment complex at Spring Creek Parkway and Parkwood Boulevard. The 700-unit project will be part of Haggard Farms, a 142-acre development that will include office, retail, a hotel and dozens of acres set aside for a park and green space. 

The firm is also contributing a $20 million, 189,000-square-foot office building to Haggard Farms. 

Stillwater is involved in other high-profile projects in the area. Next to the new PGA of America headquarters and resort in Frisco, Stillwater is working on a $1 billion, 240-acre mixed-use project, called the Link. 

—Quinn Donoghue 

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