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MANSFIELD, TX-A Dallas developer has acquired 81 acres from the City of Mansfield to build a 900,000-sf to one-million-sf, mixed-use development. The near $8-million land acquisition pitted the local firm against a Pittsburgh developer looking to add to his retail fortress inside the growing suburb’s line.

DCB Properties Ltd. outbid Kossman Development Co. for the northeast corner of US Highway 287 and Broad Street, essentially the city’s geographical center. Greg Morris with Dunn Commercial LP single-handedly brokered the land sale between the city and DCB. He tells GlobeSt.com that details about the mixed-use development will be disclosed after Memorial Day. His best guess is it could take one to three years before ground breaks.

The city planned to use the 81 acres for a town center with a 40-acre Big League Dreams Sports Park as the anchor. After an eminent domain outcry, officials started to rethink the large-scale undertaking, subsequently shifting the location of the proposed sports complex about three miles to the east. The sports project, though, has hit another snag with the Chino Hills, CA-based developer still embroiled in a battle over alcohol sales for the development.

The city’s double-digit residential growth has made it a retail goldmine, landing national retailers, restaurants and shops of all types after Wal-Mart Stores Inc. opened its doors and Kossman started to draw on a 70-acre land bank. Nonetheless, DCB’s land plan is sure to contain more retail space, given residential growth patterns and 62% of the city’s 38.8 square miles still undeveloped. DCB’s not ready to say what it’s going to develop, but Morris confirms the developer’s gaming out a plan for up to one million sf of mixed-use space.

DCB’s land block sits across the street from the 140-acre McCaslin Business Park, still in its infancy, and near 28 acres ticketed for a $127-million, full-service hospital, set to break ground June 17 and deliver in fourth quarter 2006. The Methodist Mansfield Medical Center, which includes a 72,000-sf office building, is being touted as one of the largest developments of its type in recent years in the region.

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