Land-Play's playbook is a disciplined four-stage ground-up development cycle that Hari Pullakhandam has executed nine times across multiple U.S. states:

• Stage 1 — Site selection: identify under-supplied submarkets with demonstrated tenant demand and favourable zoning. Acquire parcel outright with sponsor capital.
• Stage 2 — Entitlements: pursue site-plan approval and zoning with local jurisdiction; commission civil engineering, architectural, and traffic studies.
• Stage 3 — Construction capital raise: with land owned and entitlements underway, raise construction capital (debt + equity) from institutional or accredited-investor sources.
• Stage 4 — Build and stabilise: commence ground-up construction; pre-lease where possible; stabilise with anchor and in-line tenants; position for hold or sale at stabilisation.

Both current projects — Hutto and New Braunfels — are entering Stage 3. Land is owned outright, entitlements are under way, and construction capital is the next step.

The Hutto project is a $40M+ retail-medical development strategically located in one of Austin's fastest-growing submarkets. The scheme combines 60,000 SF of modern retail with 38,400 SF of medical office space — a deliberate mix that serves Hutto's growing resident population (retail) while capturing the suburb's acute medical-office shortage (multi-specialty clinics, urgent care, dental, physical therapy).

Tenant strategy: the medical component targets ambulatory care networks and specialist practices expanding into Austin's outer suburbs. The retail component targets food-and-beverage anchors, service retail, and daily-needs tenants that have been absent from the Hutto submarket and forced residents into 10–15 minute drives.

Execution status: Land acquired outright. Entitlements under way. Construction can commence within 3–6 months of capital close. Targeted capital deadline: December 1, 2025.

Hutto — Retail + Medical:

• Medical office: targeted outreach to multi-location specialist practices (orthopaedics, dermatology, dental, women's health), ambulatory-surgery networks, and urgent-care operators during entitlement phase.
• Retail: daily-needs anchor (grocery-adjacent, pharmacy, or specialty food), F&B cluster, service retail (fitness, beauty, professional services), with LOIs targeted during construction.
• Target stabilisation: 85%+ leased by month 18 post-commencement.