Officials broke ground Thursday on The District, a long-anticipated mixed-use development to be built south of State Highway 45 and northwest of Greenlawn Boulevard in Round Rock.

The project by Mark IV Capital will feature 65.5 acres of retail, multifamily residential, office and green space. First introduced to the City Council in 2017, the project has evolved over the years in response to market demands and community needs, growing from an original 1 million-square-foot plan to at least 3 million square feet of development. Now expected to exceed $500 million in private investment, The District is expected to reach full build-out by 2039.

Round Rock City Council approved an amendment to the development’s existing Planned Unit Development in a unanimous vote on Feb. 13. The amendment allowed for changes to the development’s private road network and set standards for multi-family development on the property. The road design prioritizes pedestrian safety with sidewalks, landscaping and traffic-calming measures, while also accommodating spaces for outdoor dining and public gatherings.

Feb. 13, 2025 Presentation and Update

Round Rock City Council first approved an economic development agreement with M4 Greenlawn LLC for the project in 2019, in which the city agreed to contribute $12.56 million for infrastructure improvements, including roads, sidewalks, and utilities, in exchange for the developer constructing one million square feet of office, retail, and residential space. The development agreement also outlined key performance milestones, requiring 1 million square feet of development to be completed by 2039.

In 2022, developers introduced revisions to the plan to accommodate market shifts and evolving business needs, and, on Feb. 22, 2024, City Council approved an amendment to the agreement that requires The District to achieve a full buildout of at least three million square feet by 2039. As part of this agreement, the City committed to reimbursing $25 million in infrastructure costs through sales tax revenues designated for transportation and development projects. The performance milestones listed in the agreement require at least 200,000 square feet to be completed by 2028, 1 million square feet by 2029, and 3 million square feet by 2039, with a minimum of 600,000 square feet dedicated to commercial and retail use. The project’s financial impact is projected to generate approximately $40 million in revenue for the City over the next 20 years.

Project Renderings

At the groundbreaking, developers said that the project meets a high demand for mixed-use, walkable developments with class-A office space, retail and dining options. Construction is expected to begin with infrastructure work, followed by office and residential development. Mayor Craig Morgan noted that Mark IV has built other successful projects in Round Rock, including Summit at La Frontera in 2013 and the nearby Summit 2 project in 2019.

“This project is going to be a game changer for our community providing vibrant spaces that enhance our quality of life while driving economic growth in Round Rock,” Morgan said.

Groundbreaking Event Photos