A new phase of The District, an upcoming mixed-use development in Round Rock, broke ground Oct. 15.
Latest update
Developer Mark IV Capital broke ground on a 41,525-square-foot section that will bring six buildings along a Hill Country greenbelt-inspired walkway, per a news release. The buildings will be able to house nine to 14 restaurants or lifestyle businesses. This food and retail phase of the development is expected to be completed in early 2028.
What they're saying
Randall Tuller, Mark IV Capital senior vice president for Texas, said in the release the development's location at the intersection of I-35 and SH 45 is one of its best assets, with proximity to businesses in the area's growing technology industry.
"These drivers point to long-term demand for more diverse, compelling dining options," Tuller said in the release.
The development is planned to add over 1,000 more residential units to the 316 currently under construction. Plans also include high-end office spaces and hospitality spaces that will need restaurants and retailers to occupy them, the release states.
“The demand for these dining concepts is real,” Tuller said in the release. “Metro Austin's retail market remains among the tightest in the country, and Round Rock's population, income, and employment growth have run well ahead of quality restaurant space supply for some time. The urgent question is which operators will capture this demand from opening day.”
How we got here
Mark IV is building the trail-oriented food and retail section at the same time as Origin at The District, a mixed-use luxury residential and retail project that broke ground in March.
In all, the 56-acre development is planned to bring residential, retail, office and hospitality spaces.
Total investment from the developer is expected to exceed $1 billion, per the release. By its completion, The District is expected to generate at least 5,000 permanent jobs.
