The city of Round Rock's Planning & Zoning Commission gave initial approval for these updates Jan. 15, but the fourth major change to the development plan will need to receive final approval from City Council.
What you need to know
The potential update includes a change to what will be the development's designated main street from Marshall Circle to District Way, formerly marked as Fender Road on the site plan.
Marshall Circle is planned to be an internal loop within the development, whereas District Way will connect the development to both Greenlawn and Louis Henna Boulevards, a report from the city shows.
The central portion of the development, which was previously planned to include a network of paseos, will also be changed to a street connection aligning the two points of District Way through the site.
The report also states that to the east of District Way will be a high-density multifamily housing development.
What they're saying
Bob Boone, Mark IV Capital's vice president of development and asset management, shared that construction may begin on the site in just a few months. The intention, he said, is to break ground as soon as the necessary permits are obtained.
The first phase of the development, which will be multifamily housing with retail along the street level, is expected to be completed in Q1 of 2027, barring any permitting delays, he said.
It is not yet clear what end product of The District might be, Boone said, as the developer is guided by market demand.
"We're really just responding to the market and building what is going to be in demand at the time," Boone said. "In order to achieve that, we're going to build out 100% of the infrastructure."
Remember this?
In 2024, the city and Mark IV Capital agreed on an update to the development plan for The District. This updated plan included a major change to the intended use of the first phase of the project from office to residential.
The city first approved the development agreement in 2019. Per this agreement, which has since been revised, if all the milestones are met, the city of Round Rock will reimburse the company up to $25 million for the cost of infrastructure, such as roads, water and wastewater lines.
