MANSFIELD, TX - South Florida real estate firm PointOne Holdings has partnered with Realty Capital Management to develop a 266-unit multifamily community in Mansfield, a suburb of Dallas Fort Worth, Texas.
Main Street Lofts Phase II will be built on an eight-acre site and will be comprised of four midrise buildings featuring exceptional amenities, including a fourth floor indoor/outdoor lounge, a resort-style pool, clubhouse with mezzanine area, and a state-of-the-art fitness center.
The property will have direct access to an expanded trail system that connects under Main Street to the Mansfield Town Park, which includes a 600-seat amphitheater, playgrounds, picnic areas, trails and sport courts. The community will be within a short walk from the recently revitalized Mansfield downtown which features new restaurants, bars and a major renovation of the historic Farr Best Theatre.
Mansfield is experiencing significant growth, driven primarily by its employment opportunities, top-rated school system, proximity to major medical and healthcare centers, and convenient access to Dallas, Fort Worth, and DFW International Airport.
“We are honored to partner with Realty Capital Management on this unique residential development project,” said Leo Peicher, PointOne Holdings’ managing partner. “We are also excited to close our second development project during these unique times and are enormously thankful to our investors who have supported our decision to move forward, knowing that when this property is delivered, it will be exceptionally well-positioned.”
“We are excited to develop a multifamily property in Dallas/Fort Worth, the fourth largest metro area in the country with an estimated population of 7.2 million residents and tremendous population growth expected in the coming years,” said David Lewin, PointOne Holdings’ managing partner. “We are bullish to deliver this fabulous property on the back end of the Covid-19 pandemic and expect that it will be met with pent-up renter demand.”
Tim Coltart, Managing Director of Realty Capital, stated of the development, “Having witnessed the exceptional growth of Mansfield and expansion of its Historic Downtown over the recent years, we could not be more excited to deliver a project in the heart of the City. With direct access to public trails and Downtown, and with proximity to excellent public schools, Main Street Lofts Phase II is truly one of the best development sites in the D-FW metroplex. We are grateful for this opportunity to inaugurate our partnership with PointOne Holdings, and to continue our partnership with the City of Mansfield, in the development of a successful project”.