The District is a planned mixed-use development project in Round Rock, Texas, designed to combine residential, commercial, office, and public space components within a single development area. The project is intended to support long-term economic and urban development in the city.
Construction activities for the approximately $500 million project officially commenced during a groundbreaking event held on March 6, 2025. The site is located south of State Highway 45 and northwest of Greenlawn Boulevard in Round Rock.
The development is being undertaken by Mark IV Capital and is planned to cover approximately 65.5 acres. According to project information, the site will include retail space, multifamily residential units, office buildings, and landscaped public areas.
As of 2026, the project has officially broken ground on its first vertical phase. Developer Mark IV Capital also recently secured an $86 million construction loan to fund Origin, a seven-story luxury apartment complex with 316 units and 23,000 square feet of ground-floor retail.
Originally proposed in 2017, the project has undergone revisions in scale and planning over time. Current plans indicate a development footprint of at least 3 million square feet, compared with earlier proposals of around 1 million square feet. The project is expected to be completed by 2039.
According to city and developer statements, construction will begin with infrastructure works before progressing to office and residential phases. Local officials stated that the project is expected to contribute to employment and economic activity within the area over the course of its development
Other Projects
Other than The District in Texas, another major development project that is gaining traction is the Temple Mall redevelopment plan in Temple, Texas. The future of the 100-acre Temple Mall redevelopment plan in Texas is facing uncertainty as RockStep Capital bows out. The Texas-based firm was keen on redeveloping the struggling property but have instead opted out of the project. Andy Weiner, president of RockStep Capital, shared with 6 News that the deal is dead. “We are no longer pursuing,” Weiner said. “Could not make development work.
Amendment of the Planned Unit Development
In order to allow for these alterations, the Round Rock City Council voted to sanction an amendment of the Planned Unit Development on February 13. The amendment reorganized the private roadway system, enhanced pedestrian safety design elements, and created new regulations for multifamily residential structures. The new roadway plan prioritizes walkability through sidewalks, landscaping, and traffic-calming mechanisms and also has space for patio seating and public events.
Read also: Raleigh Sports and Entertainment District Development Plan
Economic development agreement with M4 Greenlawn LLC for the project
M4 Greenlawn LLC and the City Council set The District’s foundation in 2019 when they signed off on an economic development agreement. The city committed $12.56 million to infrastructure improvements (roads, sidewalks, and utilities), and the developer committed to delivering at least 1 million square feet of office, retail, and residential space.
After that, the strategy developed over time to be subject to further amendment in 2022 in order to accommodate changing market forces. On February 22, 2024, the City Council approved a new, amended agreement calling for developers to build out The District with at least 3 million square feet by 2039. The new terms also requested the city to repay $25 million of infrastructure costs from sales tax proceeds allocated to transportation and development projects.
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To guarantee progression, the collaboration set significant performance milestones: they will complete 200,000 square feet by 2028, then 1 million square feet by 2029, and lastly complete the entire 3 million square feet by 2039. In addition, they will set aside 600,000 square feet exclusively for commercial and retail purposes. In addition, the economic value of the construction will bring in an estimated $40 million in city revenue over a period of twenty years.
As construction begins, The District will be a major economic and social hub, reshaping Round Rock’s landscape for decades to come
Read also: $250 Million Sports Entertainment District Proposed in Downtown Louisville: All You Need to Know
The District: Project Factsheet
Breaking Ground: March 6, 2025
Location: South of SH-45, northwest of Greenlawn Blvd, Round Rock
Developer: Mark IV Capital
Project Scope:
65.5-acre mixed-use development
Expanded from 1 million to 3+ million square feet
$500+ million in private investment
Completion target: 2039
Key Features:
Retail, multifamily housing, office spaces
Enhanced pedestrian-friendly design
Walkable streets with outdoor dining areas
Public gathering spaces
Read also: Phase II of Olathe Gateway Project: All-Abilities Theme Park and Entertainment District Planned
Timeline & Milestones
Project introduced: 2017
Initial agreement: 2019
Latest amendment: February 2024
Construction phases: 200,000 sq ft by 2028, 1M sq ft by 2029, 3M sq ft by 2039
Public Investment:
$25M city infrastructure reimbursement
Funded through designated sales tax revenues
Projected $40M city revenue over 20 years
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