The Round Rock planning and zoning commission approved a recommendation May 5 to ask City Council to rezone 65.5 acres of land into a planned unit development.
The currently undeveloped site is situated south of SH 45 N and north of Greenlawn Boulevard and is zoned as a C-1 general commercial lot. The mixed-use development called The District will be the first live-work-play project in the city.
If approved by City Council, rezoning the site as a PUD would allow for the developers to build multifamily housing, hotels, offices, retail stores and restaurants, according to the meeting agenda.
Plans for The District were announced November 2017 and City Council approved a development agreement with Mark IV Capital, a California-based development firm, in February 2019..
Community Impact Newspaper previously reported that Mark IV will develop at least 1 million square feet over the next 20 years and invest a minimum of $200 million into the project. In return, Round Rock is required to invest a maximum of $12.56 million in public infrastructure such as roads and water lines.