The District, a major mixed-use project planned to occupy roughly 65 acres of land off of Greenlawn Boulevard behind the Round Rock Crossing shopping center, may look starkly different from initial plans as developer Mark IV Capital works to meet market needs.
In a presentation to the Round Rock City Council on June 23, Justin Basie, senior vice president of Mark IV Capital, said the development, which was originally planned to bring 1 million square feet of office space to the area, may see that number double or even triple as the Austin-Round Rock office market continues to be one of the most active in the nation.
"Our tallest office building here [in the original project design] is now our shortest office building for the project that we are prepared to move forward with," Basie said. "That is a considerable change in all aspects in terms of dollars that us as a developer are willing to contribute as well as the infrastructure requirements that are projected to this level of density, this level of height, as well as complexity, will require."
The square footage on the project will increase across the board, Basie said, with retail and multifamily planned to be bigger than the original design, although specifics were not given. In order to achieve this, in some cases, building height has increased.
