Developer Mark IV Capital is taking the next step to make plans for its multiuse development in Round Rock, The District, a reality.
What you need to know
Mark IV secured financing from BDT & MSD Partners and a financial affiliate of Apollo, according to a Feb. 2 news release.
The construction loan in the amount of $86 million will fund build-out of the first phase of The District.
The details
Plans for Phase 1 of The District include a 316-unit luxury multifamily housing development, with 23,042 square feet of ground-level retail.
The multifamily development will have amenities that include:
A third-level pool deckHeated pool with a 75-foot lap laneCold plungeDry saunaOutdoor entertainment areasClubhouse loungeFully equipped fitness centerPhase 1 will also include a 40,750-square-foot food and beverage plaza made up over six buildings with tenant spaces ranging from 1,500 to 11,750 square feet, according to the release.
Remember this?
The developer broke ground on the development near the intersection of SH 45 and Louis Henna Boulevard in March 2025, after about 10 years of planning.