A California real estate firm is poised to invest $200 million in a mixed-use development at the busy intersection of State Highway 45 and I-35 in Round Rock.

Round Rock City Council unanimously approved last month a memorandum of understanding with Mark IV Capital for 65.5 acres on Greenlawn Boulevard.

City officials may offer incentives for the master-planned project, which would include at least 1 million square feet of commercial and residential development. That’s roughly equivalent to what Barton Creek Square mall has to offer, in terms of square footage.

Click to read more at Austin Business Journal.