Rosewood Property Company recently started construction on the third phase of The Tobin Estate Apartments community.
“Coming off of the success of an award-winning phase one in 2021, we wanted to ensure the Tobin Estates apartment community continues to strive for excellence in each development phase,” said Tim Harris, senior vice president for Rosewood Property Company. “Whether it’s the great physical location within the city or the walking trail surrounding the homes, the nature lover and the city dweller both have a home here.”
Phase three consists of 265 apartment homes in a four-story wrap-style building with structured parking with an additional 94 apartment homes across two four-story buildings with tuck-under private garages. This final phase of The Tobin Estate Apartments will further elevate the resident living experience by providing diversified units, conditioned corridors and on-level parking.
There will be studio, one-, two- and three-bedroom options within the Phase Three buildings. The average square footage of the studios is 570 sf, while the one-bedroom average is approximately 789 sf; the two-bedroom average is 1,156 sf, and the three-bedroom will average 1,483 sf.
In addition to conditioned corridors, residents will be able to enjoy a resort style pool with cabanas, a resident lounge, rooftop deck, dog park, indoor and outdoor fitness center and beautiful walking trails throughout the tree covered property. Phase three will add an additional pool and pool house, dog park, garden, clubhouse with library and fireplace, and extend the walking trails to connect the entire campus.
The property is part of the original Tobin Estate, which was designed and built in 1959 by long-time San Antonio arts patron Robert L.B. Tobin. In the center of the property, the Tobin Endowment has renovated the late Tobin Mansion to a luxurious office for the Tobin Endowment. The arts and the outdoors are carefully curated within the design of the apartment homes to pay homage to the rich heritage of the Tobin Estate. Rosewood purchased this property and developed the apartment community in multiple phases with each phase introducing a new type of living experience. This third and final phase completes Rosewood’s vision of a one-of-a-kind community offering residents a wide range of choices in both the interior and exterior of the apartment homes.
LandDesign serves as the landscape design architect, B2 Architecture + Design is the interior designer, and Westwood is the civil engineer. Provident is the contractor and WDG Architecture is the architect. InterBank provided the construction loan.
Rosewood Property Company has a long history of multifamily ownership in South Central Texas including Ventura Ridge and Pecan Springs, two luxury multifamily developments near the intersection of I-10 and Loop 1604 in San Antonio, along with Astra Avery Ranch, a 339-unit multifamily community located in north Austin, Texas.
Rosewood Property Company, based in Dallas, is a wholly owned subsidiary of The Rosewood Corporation. Rosewood Property Company and its affiliates have an extensive portfolio, including investments in land, office, industrial, self-storage, and multifamily assets, as well as investments in the equity securities of private real estate investment companies.
