Nack Development is planning Water Mill Square in Mansfield’s downtown, about 20 miles southeast of Fort Worth. The plan includes 80,000 square feet of commercial space along with apartments and townhomes across a 4-acre block on West Main and South Broad Street.
The Dallas Business Journal reports demolition of existing buildings has begun and construction on about 60,000 square feet of development will begin in November. Construction on the first phase will cost an estimated $20 million to $25 million with work estimated for completion in 2027.
Mansfield EDC has an economic development agreement with Nack Development that will provide $7.86 million in grants from 2024 to 2030. About $4.48 million in Tax Increment Reinvestment Zone and bond funding is also being used for the project. The second phase of development could include apartments, brownstones and a structured parking garage. Mansfield is south of the DFW metro area.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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