What Momark Development does

Momark Development L.L.C. is a privately held, Austin, Texas-based real estate developer that designs, entitles, and delivers residential and mixed-use communities across the Central Texas corridor. The firm's portfolio spans luxury high-rise condominiums (The Austonian, a 685-foot, 171-unit tower at 200 Congress Avenue priced from the $500s to over $11M), urban townhome and condo communities (The Denizen, Tyndall at Robertson Hill, Gabardine, Edgewick), affordable and workforce housing (Westgate Grove serving 80% Median Family Income, Chestnut Commons), large-scale master-planned communities (Plum Creek at 2,200 acres in Kyle, Texas with 4,600+ homes; Goodnight Austin with 3,500 planned units and 226,000 SF of commercial space; the 2,125-acre Austin Green site anchored by Tesla), lakeside apartments (Weaver Residences at The Hatchery), and student housing (The Sanctuary Lofts, 483 units in San Marcos near Texas State University).

The business operates on a direct-to-consumer model: properties are sold through dedicated project websites and on-site sales teams, with strategic channel partners handling sales for some communities (e.g., Wes Peoples Homes for Edgewick). Revenue is generated through one-time residential unit sales across price points from the $100s to over $11M, recurring monthly rental income from the student housing portfolio, and land disposition transactions (over 550 acres at Plum Creek commercial sales). The firm is actively soliciting investor and partner capital.

The leadership team is led by President Terry Mitchell (20+ years and $1.8B+ in prior development), Partner Bob Gass (ex-Centex Homes, Trammel Crow Residential), Project Principal Megan Shannon (urban infill and MUD creation), Project Principal Steven Spears (23 years of planning, urban design, and landscape architecture), and Controller Debra Stratton. The organization operates from Austin with 51-100 employees and has accumulated more than 20 industry recognitions, including a 2011 Multi-Family Executive Grand Award and a 2010 McGraw Hill National Best of Multi-Family Project for The Austonian.

Name

Momark Development

Legal name

Momark Development L.L.C.

Website

https://momarkdevelopment.com

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

Momark Development is a privately held Austin, Texas real estate developer that designs, entitles, and delivers residential and mixed-use communities across Central Texas — spanning luxury high-rise condominiums, urban townhomes, affordable and workforce housing, master-planned communities, and student housing — selling directly to individual buyers, renters, and land disposition partners.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Land Subdivision (2372)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

Keywords

• Residential real estate development
• Master-planned communities
• Mixed-use development
• Affordable housing development
• Luxury condominiums

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Residential Property Sales: Sale of condominiums, townhomes, and single-family homes to individual buyers at various price points from affordable to luxury segments.
2. Rental Income: Student rental housing generating recurring revenue through monthly lease payments from tenants.
3. Land Development and Disposition: Master-planned community development with land sales to commercial and residential builders, including disposition of over 550 acres of land for commercial sales.
4. Investor and Partner Capital: Active seeking of investors and partners for development projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Momark Development is an Austin-based real estate developer that plans, designs, and builds residential and mixed-use communities across Austin and Central Texas. The portfolio spans luxury high-rise condominiums, urban townhomes and condos, gated cottage communities, affordable and workforce housing, master-planned communities, and student rental housing. The firm sells finished homes and condominium units to individual buyers, rents units to student tenants, and dispositions developed land to builders and commercial partners.

Product overview

Momark Development is a real estate development company focused on residential and mixed-use communities in Austin and Central Texas. The company's portfolio includes luxury high-rise condominiums (The Austonian), urban townhome/condo communities (The Denizen, Tyndall, Edgewick, Gabardine), affordable housing developments (Westgate Grove, Chestnut Commons), master-planned communities (Plum Creek, Goodnight Austin), apartment communities (Weaver Residences), and student housing (The Sanctuary Lofts). Each development is tailored to foster community connections through human-centered design principles, offering diverse housing options ranging from luxury to workforce housing across various Austin neighborhoods and Central Texas locations.

Differentiator

Problem solved

Functional benefit

Products and services

• The Austonian A 685-foot luxury high-rise condominium tower at 200 Congress Avenue in downtown Austin, featuring 171 units with over 40,000 square feet of amenities including a fitness center, club suite, dog park, theater, and guest suites. Units priced from the $500s to over $11 million.
• The Denizen Urban townhome and condo community in South Austin (78704) with 119 units priced from $200s to $300s and up, featuring 3.5 acres of open space including a half-acre vegetable garden, rainwater collection system, dog parks, amphitheater, and community pool.
• Westgate Grove Affordable housing development in South Austin serving 80% Median Family Income. Phase I offers 61 single-family detached condos (1,007-1,607 sq ft) priced in the mid $100s; Phase II planned with 88 units priced from low $100s. Developed in community partnership with HomeBase of Austin.
• Plum Creek Master Planned Community A 2,200-acre master planned mixed-use development in Kyle, Texas, featuring over 2,500 single-family homes, 2,100 multifamily homes, an assisted living facility, 18-hole golf course, 100-acre ACC campus, and 150+ acres of parks and open space. Includes the 140-acre Brick & Mortar District mixed-use town center.
• Weaver Residences at the Hatchery Lakeside apartment community situated on Ladybird Lake within The Hatchery urban village, offering upscale apartment living with rooftop decks and proximity to East Austin neighborhoods. Part of the $100MM+ redevelopment of the RBJ Center into a mixed-income, mixed-age community.
• Goodnight Austin (Goodnight Ranch) Urban mixed-use master planned community in Southeast Austin (8 miles south of downtown) featuring 3,500 residential units (apartments and condos) priced from the $200s, approximately 226,000 square feet of retail/office space, 120 acres of green space, and 3 miles of trails. Includes a 100-acre mixed-use town center.
• Chestnut Commons Urban single-family community in East Austin with 64 units of condos, townhomes, and free-standing homes providing workforce housing priced from the $140s. Project sales generated over $1 million in donations to charity.
• Macmora Cottages Gated community of cottages located one mile from the Domain in Austin featuring a pool, dog park, and low-maintenance lifestyle. Recognized with the 2007 Envision Central Texas Best New Development of the Year award.
• Gabardine Gated condominium community in Southwest Austin with 144 units of HOA-maintained cottages and garden homes priced from $100s to $300s, featuring over one-third open space, private yards, and planned pool and clubhouse. Recognized with the HBA MAX Award: Best Overall Community By a Developer.
• The Sanctuary Lofts Student housing community in San Marcos, Texas with 483 units, including 43 units repurposed from a 78-year-old church sanctuary with original stained-glass windows and chapel features. Located one block from Texas State University with rentals starting at $639 per person per installment.
• Edgewick Urban gated condominium community at 1910 Wickshire Lane in Austin with 290 units priced from $200s to $300s, conceived in partnership with Benchmark Land Development, with sales and marketing handled by Wes Peoples Homes. Features pool, clubhouse, and dog parks.
• Tyndall at Robertson Hill Condominiums Downtown Austin condominium community with homes designed by nationally renowned designer Joel Mozersky, featuring monochromatic color palettes and gallery-esque interiors. Recognized as the 2019 CREA multifamily development winner.

Quantifiable outcome

• Over 2,500 single-family homes and 2,100 multifamily homes completed at Plum Creek
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• Benchmark Land DevelopmentcoreStrategic or Co-development PartnerConceived Edgewick in partnership with Benchmark Land Development. This partnership brings together urban community development expertise to redefine the urban community concept, combining single-family detached homes with urban townhomes.
• Wes Peoples HomescoreChannel Partner/ Reseller/ DistributorWes Peoples Homes serves as the sales and marketing partner for Edgewick community. Contact and sales handled through their trusted partner network for the 290-unit urban gated condominium development.
• HomeBase of AustincoreStrategic or Co-development PartnerCommunity partnership with HomeBase of Austin for Westgate Grove affordable housing development. HomeBase handles inquiries about sales for the 80% Median Family Income housing project in South Austin.
• Skybeck ConstructioncoreImplementation/ SI/ Consulting PartnerSkybeck Construction was instrumental in the success of The Denizen development from a construction perspective, building the townhome and condo community with 3.5 acres of open space amenities.
• DWG Landscape ArchitectscoreImplementation/ SI/ Consulting PartnerDWG Landscape Architects provided landscape design expertise for The Denizen, contributing to the success of the development with their design perspective on the 3.5-acre open space amenities.
• Terry MitchellcoreOthersTerry Mitchell served as development consultant responsible for the vision of The Austonian community and marketing manager working with sales to market the 685-foot luxury high-rise property.
• City of AustincoreStrategic or Co-development PartnerDeveloper worked with the City of Austin on Westgate Grove development, including developing a tree care plan and preserving existing trees while planting additional 200+ trees on site.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Lennar Corporation: National homebuilder with substantial Austin-area production spanning entry-level through luxury. Comparable as a broad incumbent competing for land, buyers, and builder partnerships in Momark's core Central Texas market.
• Toll Brothers: National luxury homebuilder with Austin-area operations. Comparable as a broad incumbent competing for luxury move-up buyers in Momark's high-rise and townhome segments (e.g., The Austonian, The Denizen).
• Trammell Crow Residential: National multifamily developer now part of CBRE Investment Management. Comparable as Momark Partner Bob Gass previously served as Managing Partner-DFW at Trammell Crow Residential; the firm operates in similar urban infill and large-scale residential segments.
• PulteGroup: National homebuilder with active Austin operations across Centex, Del Webb, Pulte, and John Wieland brands. Comparable as a broad incumbent covering first-time, move-up, active-adult, and luxury segments—directly overlapping Momark's full product spectrum.
• D.R. Horton: Largest U.S. homebuilder with significant Austin/Central Texas operations across all price points. Comparable as a broad incumbent in the same regional market; Milburn Homes (D.R. Horton division) is even where Momark President Terry Mitchell previously served as VP.

Direct peers

• Endeavor Real Estate Group: Austin-based real estate developer focused on mixed-use, urban infill, and master-planned communities in Central Texas. Comparable as a regional, design-focused competitor pursuing similar urban high-rise and townhome projects in Austin's walkable submarkets.
• Centex Homes: D.R. Horton division historically focused on entry-level and first-time move-up buyers. Comparable as Partner Bob Gass previously acquired and developed over 4,000 single-family lots at Centex, and the brand addresses similar workforce and entry-level buyers as Momark's Chestnut Commons and Westgate Grove.
• Newland Communities: National master-planned community developer with active Texas presence. Most directly comparable to Momark's Plum Creek and Goodnight Austin master-planned segments, including similar focus on mixed-use town centers and community amenities.

Emerging players

• American Campus Communities: Largest owner, manager, and developer of student housing in the U.S. with properties near Texas university campuses. Comparable for Momark's Sanctuary Lofts student housing project in San Marcos, just one block from Texas State University.
• Forestar Group: D.R. Horton subsidiary focused on residential land acquisition and development. Comparable as a specialized land developer aligned with the disposition and master-planning activities visible in Momark's Plum Creek and Goodnight Austin projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Momark Development