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.