| CREOP

Onyx Legacy Group is pleased to present a unique development opportunity in Mansfield, TX. This offering features a prime site ideal for developing up to 114 residential units, including a mix of townhomes, single-family homes, manor houses, and mixed-use residential buildings. (manor homes are not a requirement)
The building options for the site include single-family homes, townhomes, manor homes (4 units per building), and mixed-use residential buildings (up to 8 units per building). The site has recently received zoning approval with the following conditions: a minimum of 4 houses on Street D facing east, each with a minimum area of 2,200 square feet; building height restrictions that limit single-family houses and manor houses to 2 stories, and townhomes and mixed-use buildings to 3 stories; and privacy fencing requirements that mandate a cedar fence or brick and/or stone masonry wall along the entire eastern and southern property lines (excluding the TRWD easement area).
The unit breakdown includes a minimum of 106 units (18 single-family homes, 72 townhomes, and 2 mixed-use units) and a maximum of 114 units (18 single-family homes, 80 townhomes, and 2 mixed-use units). The most current Development Plan (Exhibit C), submitted on April 8, 2024, includes detailed lot dimensions and additional notes relevant to the site conditions and zoning approval.

Key features of this development opportunity include flexibility in development options, a prime location in the rapidly growing city of Mansfield, and compliance with zoning conditions to ensure a smooth development process. Mansfield, TX, is a vibrant and rapidly expanding city located within the Dallas-Fort Worth Metroplex. Known for its high quality of life, excellent schools, and robust economy, Mansfield offers a thriving community atmosphere with numerous amenities and attractions. The highly rated Mansfield Independent School District provides excellent educational opportunities, with elementary, middle, intermediate, and high schools all within two miles or less from the subject site.
Featuring over 1,100 acres of parkland, numerous sports complexes, and the popular Hawaiian Falls Water Park, the city provides abundant recreational opportunities. Enhancing Mansfield's charm are developments like Geyer Commons, integrating historic and contemporary aspects, and Water Mill Square, a landmark mixed-use project that significantly contributes to the city’s urbanization.

With Mansfield's population expected to double to 160,000 over the next 16 years, new housing is crucial. Upscale communities by Bloomfield Homes and Drees Homes only a few streets away from the subject site offer homes ranging from $530k to $780k, showcasing the area's high-end residential appeal. Mansfield's strategic location near major highways provides easy access to Dallas and Fort Worth, making it a prime spot for commuters. Continuous residential and commercial developments further enhance the city's appeal and growth prospects.
This offering by Onyx Legacy Group presents a unique opportunity to capitalize on Mansfield's growth and thriving community, making it an ideal investment for developers seeking a versatile and well-located site for residential development.
This investment summary is intended for informational purposes only. All data is believed to be accurate but is not guaranteed. Prospective buyers should conduct their own due diligence.