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MEDC approves timetable extension for Water Mill District; demolition set to start
Summary
The Mansfield Economic Development Corporation board unanimously approved a First Amendment to its agreement with NAC Development LLC that extends land‑acquisition and construction deadlines for the downtown Water Mill District; staff said demolition is scheduled to begin "no later than next week" and that no financial terms are changing.
The Mansfield Economic Development Corporation Board of Directors on Sept. 9 approved a First Amendment to its economic development agreement with NAC Development LLC to extend key project deadlines for the downtown Water Mill District project. The measure passed by a 5–0 vote.
Staff said the amendment shifts dates for land acquisition and demolition after the developer completed acquisition of the Texas Tire parcel in April 2025. "Nothing financially has changed," the Staff member told the board, while outlining a temporary license arrangement that allows demolition and asbestos abatement to begin before the purchase formally closes.
The project described by staff covers roughly a 4‑acre site at Main and Broad streets and, in Phase 1, is planned to include about 79,000 square feet of retail on the first floor with offices above, roughly 20 for‑sale townhomes facing 1st Street and later multifamily and structured parking. Staff said asbestos was found in the existing buildings and that abatement will occur as demolition begins. Additional environmental testing of the Texas Tire parcel, staff said, showed contamination levels low enough that no further mitigation was required.
Staff also outlined near‑term construction constraints: significant civil work is required (water and sewer), overhead utilities must be relocated and the developer must coordinate with franchise utility providers before vertical construction can proceed. "Encore won't let them go vertical," the Staff member said, noting utility relocation is a prerequisite for building above grade.
The board approved the amendment after a brief presentation and no public questions. Staff said demolition and property acquisition will occur the same week and that commencement of construction is required to begin by Dec. 31, 2025, under the amended timeline.
The board did not alter grant amounts or other financial incentives in this amendment; staff said all dollar amounts and grant structures remain the same. Next steps are demolition and site clearance, followed by infrastructure work and then vertical construction according to the revised schedule.
