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3/06/26
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Vertical construction has started at The District, a multi-phase, 4 msf mixed-use development from Mark IV Capital in Round Rock, TX. The initial work consists of Origin at The District, a seven-story, Class ‘A’ multifamily building with 316 residences situated atop District Way ground floor retail.
The development is being built by W.E. O’Neill Construction. Other project team members include STG Design, KFM, RVi, Greystar, and Retail Street Advisors.
The upscale Origin at The District residential community is a seven-story structure that will be built using a five-over-two configuration, with five levels of wood-frame construction over a two-level concrete podium. The collection of luxury residences will be situated above 23k sf of ground-floor retail along District Way, and will include studio, one-bedroom, and two-bedroom floorplans. Unit design includes attractive contemporary finishes and features such as high ceilings, expansive window lines, private balconies, and in-unit laundry, with everything built to institutional standards using high-end finishes.
Origin at the District will feature an onsite resident amenity package comprising a third-level resort-style deck with heated pool and 75-foot lap lane, cold plunge and dry sauna, along with outdoor entertainment areas, sun lounge, co-working facility, sky lounge, and fully equipped fitness center.
Construction of Origin at The District is anticipated for an early 2028 completion and is being financed by an $86 mil construction loan recently obtained by Mark IV Capital. Financing was led by BDT & MSD Partners (“BDT & MSD”), with participation from an affiliate of Apollo (NYSE: APO). George Smith Partners served as financial advisor and placement agent, advising on capitalization strategy, lender engagement, and execution.
In addition to the phase one Origin at the District luxury residences, at full build-out the 65-acre campus will include additional residences and retail, hospitality, office and green space components. Total investment in The District is expected to exceed $1 bil, and the project is anticipated to create more than 5,000 jobs within one of Texas’s most resilient and economically diverse growth markets.
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