Stillwater, Mansfield Reveal Plans for $1B Joint Venture

Stillwater Capital and The City of Mansfield are moving forward with a public-private partnership for The Reserve, a 210-acre urban mixed-use community. The project will feature a series of water features, including a half-mile canal loop, a boardwalk plaza, and a six-acre lake. The outdoor amenities will connect through a pedestrian network to the emerging town square, anchored with a new City Hall and the adjacent hotel, restaurant/retail, and entertainment spaces. Full buildout of the community will exceed $1 billion in private investment.

The project will be located adjacent to Methodist Mansfield Medical Center on East Broad Street, between State Highway 360 and U.S. Route 287.

With an initial public and private investment of more than $300 million, the project is expected to generate thousands of jobs and boost the local economy. The new city hall, primary public realm spaces, commercial, and residential developments are in design. Construction is slated to begin in the third quarter of 2025, with phased openings starting in 2027.