The City of Mansfield’s vision for this corridor is to create a meaningful and identifiable regional business hub, said Jason Moore, Mansfield Economic Development Corporation Executive Director.
A new development boasting 240,000 square feet of office space is heading to Mansfield.
The city of Mansfield and Admiral Legacy Investments are partnering on the development. The project, called The Mansfield Innovation Community, or The MIC, will serve as the epicenter of the Mansfield Innovation Corridor with one-million square feet of master-planned community developed in phases.
The Mansfield City Council agreed to this partnership at a recent meeting. The city is allocating 18 acres of property, at Heritage and Regency Parkways, which is owned by the Mansfield Economic Development Corporation, for the project, according to a news release.
Upon completion, the project will feature Class A+
offices/collaborative space, retail and corporate residences together with parks, trails, education, an innovation hub and corporate headquarters.
“This is an exciting start to realize the vision for an innovation corridor and will promote regional economic development and stimulate business and commercial activity,” said Mansfield Mayor Michael Evans in a prepared statement.
The city of Mansfield’s vision for this corridor is to create a meaningful and identifiable regional business hub, said Jason Moore, Mansfield Economic Development Corporation Executive Director.
“The MIC is a lifestyle and workstyle hub where problem solvers can join forces to put their ideas, discoveries, and ventures to work in unprecedented ways,” said Ese Aihie, Admiral Legacy Investments President, in a prepared statement. “Our goal is to build an eco-system that fosters innovation by linking educational institutions, incubators, accelerators, businesses, and investors to create pathways for the future workforce.”
The MIC Project is expected to break ground in the Spring of 2024. Phase 1, which includes Class A+ offices, will be open by the summer of 2025.