A public-private partnership between Momark Development, Plum Creek Development Partners, Cardinal MF LLC and the city of Kyle, Texas, brought the Brick and Mortar District on line in the southern suburbs of Austin, Texas.
Brick and Mortar District is being built on 138 acres in Kyle. The first phase included 300 apartments at 3875 Burnham St., and the project earned a 2023 CoStar Impact Award, as judged by real estate professionals familiar with the market.
The mixed-use district is expected to eventually be home to 2,500 apartment units, 250,000 square feet of office space, 150,000 square feet of dining and 35 acres of parks. A portion of the open space is expected to be used as a sportsplex for soccer tournaments and volleyball games. Also planned on site are concerts and food trucks.
Phase one came on line in July 2022. The entire Brick and Mortar District will take eight years to be completed. The first phase also includes private cabanas, dog runs, a gaming lawn with cornhole and bocce ball, a Zen garden, a rooftop lounge, a spin room, fitness classes, a community kitchen and private yards.
About the project: The Brick and Mortar District was not immune to the challenges of COVID-19, as the development suffered from supply chain delays. A city park was scheduled to open in July 2022 but was pushed back to 2023. The first residents moved into their apartments five months later than expected.
But La Verde Park, a 1.6-acre open space, will soon open. The main retail area of the district can host gatherings of up to 2,200 people. The retail area will also feature market spaces, interactive water features and a playground.
Another feature of Brick and Mortar District will be the Cultural Trail, which will feature the artwork of local artists, information about Kyle’s history and a 1,200-linear-foot pedestrian and bike trail.
What the judges said: “I really like the mixed-use and the amenities. Especially like to see this kind of quality in Kyle, where the prices should be more reasonable than prices closer to the city,” said Greg Hallman, director of real estate at the University of Texas McCombs School of Business.
They made it happen: The development was a partnership between Momark Development, Plum Creek Development Partners, Cardinal MF LLC and the city of Kyle. Also working on the project were Lyndsey Vento, Stacie Holeman and Ali Mask with Lincoln Property Co.
