Ascendant Completes 257-Unit Multifamily Project near Dallas

Ascendant Development has successfully unveiled the Haven at Mansfield, a luxurious multifamily community located in the heart of Mansfield, Texas, a stone's throw away from Dallas. Groundbreaking for this project commenced in 2021, with the construction being funded by a $29 million loan from Amerant Bank, as reported by Yardi Matrix data.

A Haven of Luxury Living

Designed by EDI International, Haven at Mansfield boasts three elegant four-story buildings, offering a selection of studio, one-bedroom, and two-bedroom floorplans ranging from 634 to 1,270 square feet. Each apartment is thoughtfully designed with in-unit washers and dryers, spacious walk-in closets, energy-efficient LED lighting, smart lock systems, and sleek stainless steel appliances. Additionally, select layouts feature private balconies or patios. The community's common areas are adorned with a sparkling swimming pool, a welcoming clubhouse, a peaceful yoga studio, and a convenient 24-hour fitness center, along with delightful grilling stations and secure package lockers.

Prime Location and Proximity

Situated at 269 N. State Highway 360, this community offers the best of both worlds, with downtown Fort Worth just 23 miles away and downtown Dallas a mere 30 miles from its doorstep. The proximity to Methodist Mansfield Medical Center and the Mansfield National Golf Club is a significant advantage for residents, with these essential facilities within easy walking distance.

Thriving Multifamily Market in the Metroplex

Despite a notable decrease in activity, the Metroplex remains a top market for multifamily development. In the first half of 2023, a total of 5,133 units were completed, accounting for 1.6 percent of the total stock, representing a 48 percent drop from the same period in 2022. The bustling Dallas-Fort Worth area currently has 71,131 units under construction across 264 properties, with nearly 23,600 units breaking ground this year.

Future Luxury Awaits

In a sign of the area's continued growth, a joint venture between Conor Commercial Real Estate, Globe Corp., and Origin Investments has initiated construction on a 327-unit luxury community in East Dallas. The first apartments are expected to be available for residents in the spring of 2025, adding to the ever-evolving landscape of multifamily living in the Dallas-Fort Worth Metroplex.