Mark IV Capital Starts Retail Plaza in Round Rock

The 41,521-square-foot project marks the latest phase of The District development near the Dell Technologies campus.

Updated on Oct. 15, 2026 in Construction

Construction site with exposed steel rebar and concrete foundations on a dusty, open plot of land under bright sun. — Mark IV Capital has begun construction on a 41,521-square-foot retail and restaurant plaza, expanding the District development in Round Rock, Texas. AI Illustration. Upload story photo >

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Do large mixed-use developments like The District improve the long-term character of your local community?

Mark IV Capital broke ground in October 2026 on a new retail and restaurant plaza located at 333 Louis Henna Blvd in Round Rock. The $2.5 million project is part of the broader 65-acre development known as The District.

Why it matters

The development seeks to address a gap between the city's rapid population and income growth and the current local supply of restaurant space. It is projected to generate $40 million in revenue for Round Rock over the next 20 years.

The retail plaza spans 41,521 square feet across six single-story buildings with an estimated construction cost of $2.5 million. This phase accompanies the 316-unit Origin apartment complex, which received $86 million in funding.

The players

Mark IV Capital

This private real estate investment firm focuses on the acquisition, development, and management of commercial real estate projects.

Dell Technologies

This multinational technology company maintains a major headquarters in Round Rock that employs more than 11,000 people.

BDT & MSD Partners

This merchant bank provides investment and advisory services to help fund large-scale commercial real estate developments.

The details

The District project is situated at the intersection of State Highway 45 and Interstate 35 on land acquired from Dell Technologies in 2016. Construction of the retail plaza is financed by a loan led by BDT & MSD Partners and is running concurrently with the ongoing work on the Origin apartment building.

Mark IV Capital acquired the development land in 2016.
The District project was introduced to the Round Rock City Council in 2017.
The Origin apartment complex broke ground in March 2026.
The retail and restaurant plaza broke ground in October 2026.
Both the plaza and Origin apartments are targeted for completion in 2028.

Market Landscape

The District development reflects a larger trend of mixed-use urban expansion aimed at capturing the rising purchasing power of the Round Rock workforce. By pairing high-density housing with retail, the developer is positioning itself to compete for the business of the local population.

Residents can expect new dining and shopping options to open in the area by 2028. The development also aims to increase local job availability, with 5,000 permanent positions projected upon the full buildout of the 65-acre site.

The takeaway

The District represents a significant shift in land use for the city by repurposing former corporate property into a high-density mixed-use corridor. Readers looking for new local amenities should track the 2028 timeline for project completion and anchor tenant announcements.