BY BROOKE SJOBERG
The conditions
What they’re saying
What’s next
The District could inspire taller and more dense builds throughout the city. Mayor Craig Morgan said he always thought Round Rock would go vertical “at some point.” Lifelong Round Rock resident Emma Pabst said she looks forward to taking advantage of the restaurants and communal spaces. Another longtime resident, Marta Huisson Graham said she’s concerned about the trac the project could bring to the area.
Under an agreement struck with the city of Round Rock, Mark IV must construct several million square feet of space by 2039. Tuller said the developer plans to lay out all of the infrastructure at once to support about 4 million square feet of space. Of the total space, 20% is required to be used for commercial and retail purposes. With the density of the project, Dushkin said The District’s economic impact could exceed initial estimates for tax revenue. $500 million minimum investment required by Mark IV during the next 20 years $25 million estimated infrastructure investment by the city, dependent on project milestones $2 million estimated sales and property tax revenue to be generated by The District each year
The rst phase of the development is expected to be completed in Q1 of 2027. Mark IV is required to construct 200,000 square feet of space by 2028, followed by 1 million square feet by 2029 and 3 million square feet by 2039. Over the next 20 years, the net tax revenue to the city is expected to be about $40 million. The development will be something new for Round Rock, a suburb with little in terms of urban development. Dushkin said he hopes its success will allow for more amenities to come into the city for residents to enjoy. “Hopefully it will prove that a development like this can be successful in the city so that we can provide more amenities for our residents,” Dushkin said. “Round Rock is still going to maintain a generally suburban feel.”
It’d be good if there was another place in Round Rock where people could go to eat, drink and hang out, kind of similar to downtown Round Rock. EMMA PABST, ROUND ROCK RESIDENT
SOURCE: CITY OF ROUND ROCKCOMMUNITY IMPACT
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