Development Team Advances Signature Mansfield Mixed-Use Project

Five-story Class-A office building marks first phase of planned 18-acre innovation-focused mixed-use destination in Mansfield, Texas

Mansfield, Texas (August 17, 2026) - The development team behind the Mansfield Innovation Community (The MIC) - a partnership between Admiral Legacy Investments and Foundry Commercial- has commenced development of Phase 1A, a 152,894-square-foot, Class-A office building that will serve as the first vertical component of the community's planned 18-acre mixed-use destination in Mansfield, Texas.

Located on a prime five-acre site within the Mansfield Innovation District (The LinQ - Innovation District), the five-story office building will feature modern Class-A office space alongside flexible coworking environments designed to support entrepreneurs, growing businesses and established organizations seeking collaborative workspace solutions.

The Phase 1 development will provide modern office, research, collaboration, and business incubation space tailored to the needs of technology, healthcare innovation, entrepreneurs, and innovation-focused organizations. The project is intended to foster collaboration between industry, education, workforce development partners, and emerging businesses, creating an environment where innovation can thrive.

Phase 1A represents the first of three planned phases for The MIC, a transformative mixed-use project being developed in collaboration with the City of Mansfield and the Mansfield Economic Development Corporation (MEDC). When fully realized, The MIC will include approximately 240,000 square feet of Class-A office space, up to 300 residential units, complementary retail offerings, and thoughtfully designed parks and green spaces intended to create a vibrant live-work-play-and-learn environment.

The project is envisioned as a cornerstone of Mansfield's broader innovation district strategy and a catalyst for continued economic growth throughout southern Dallas-Fort Worth. As Mansfield continues to attract new residents, employers and investment, The MIC is designed to create a destination where innovation, business development and community engagement intersect.

The project also reflects a strong public-private partnership. The City of Mansfield and MEDC have supported Phase 1A through a strategic incentive package designed to encourage investment, job creation and long-term economic development within the innovation district.

"The MIC represents the type of visionary collaboration that creates lasting value for an entire community," said Ese Aihie, President of Admiral Legacy Investments. "Our goal is to create more than a workplace. We are building an ecosystem where entrepreneurs, established companies, innovators, and residents can connect, collaborate, and grow together. Through this partnership, we have an opportunity to create a destination that helps shape Mansfield's future and reinforces its position as one of North Texas' most exciting growth markets."

"Ground-up office developments of this scale have become increasingly rare in today's market, which makes The MIC especially exciting," said Andrew Sineni, Senior Vice President, User Development Services at Foundry Commercial. "We're seeing growing demand from companies that want more than just office space; they want an environment that helps attract talent, foster collaboration and support long-term growth. The MIC is designed to deliver exactly that while creating a destination that will serve as a catalyst for innovation and economic development throughout Mansfield."

Construction of the office building is currently underway, marking a significant milestone in the long-term vision for The MIC and the continued evolution of Mansfield's Innovation District. The project team includes BOKA Powell as architect, Wier & Associates, Inc. as civil engineer, Moss as general contractor, Stream as leasing representative and Foundry Commercial as property manager.

Admiral Legacy Investments:

Admiral Legacy Investments is a real estate development and investment firm in Texas, specializing in public-private partnerships, innovative workplaces, mixed-use developments, and economic development initiatives. We work at the intersection of public vision and private capital, helping communities unlock opportunities that accelerate economic growth, support workforce development, and attract new industries.

About Foundry Commercial:

Foundry Commercial is a full-service commercial real estate services and investment company operating across office, industrial, retail, multi-family, healthcare, religious, and not-for-profit asset classes and clients. Focused on the Sun Belt markets, Foundry is sustained by more than 5,000 associates operating from 12 markets, providing leasing and management on more than 77 million square feet and approximately 5,400 seniors housing units, typically executing over $2 billion in leasing, tenant rep, and investment sale transactions annually. Foundry's development and investment platform is fully integrated with its services business and has developed or acquired over $7 billion in transaction volume alongside many of the best-known institutional investors in the country. For more information, visit https://www.foundrycommercial.com.