Dallas developer finishes first phase of apartments at former Tobin estate

The first phase of a housing project on the former property on the Northeast Side of the late philanthropist Robert LB Tobin has been completed.

Dallas-based Rosewood Property Co., which bought 44 acres there in 2016, recently completed 286 high-end apartments on Oakwell Court.

One bedroom rents start at $ 1,300, two-bedroom rents start at $ 1,650, and three-bedroom rents start at $ 2,350. The complex’s amenities, Tobin Estate Apartments, include a clubhouse and pool house lounge designed by local architectural firm Overland Partners.

Tobin’s mansion on the site that serves as the Tobin Foundation’s office and is currently being renovated and several acres around it has been preserved. The second phase of Rosewood will include approximately 300 apartments, and the third phase will also include apartment buildings.

“It has been a wonderful journey to reach this moment and our goal was to pay homage to the vision and legacy of Robert LB Tobin and the mark he has left on this website,” said Rick Perdue, President of Rosewood .

Heir to an aerial mapping company founded by his father, Tobin was known for his patronage of art and cultural institutions and also collected paintings, designs for opera and ballet productions, and other works.

Its original property was 500 acres. In the 1980s, he developed Oakwell Farms, a master-planned community of upscale homes, apartment buildings, and office buildings.

When plans later emerged to sell and develop most of Tobin’s property, many of the residents of Oakwell Farms pushed back.

The Tobin Foundation suggested working with developer David Weekley to build over 400 detached townhouses, but residents said the plans were too tight.

For similar reasons, they rejected the next plan for 956 apartments. They said they were concerned about drainage and traffic issues but would support the project if it reflected the character of the neighborhood.

At a meeting of the planning commission in 2015, 74 people spoke against the apartments. After three hours, the city panel gave the green light for the project with 7: 1 votes.

J. Bruce Bugg Jr., chairman and trustee of the Tobin Foundation, said at the time that developing the site would generate more property tax revenue and was in line with Tobin’s vision for the property. The land is tax-free and the sale would generate more money for charity, Bugg said.

Rosewood Property Co. purchased the property from Tobin Endowment at an undisclosed price.

Executives said at the time that they would likely build a mix of apartments, townhouses, single-family homes, retail and possibly office space. After researching the market, they decided to focus solely on apartment buildings, Perdue said.

Neighbors at Oakwell Farms remain concerned about traffic and the worsening congestion as more homes are built, according to residents Beverly Alcott and Barbara Lowry. They are also concerned about debris in a drainage area that builds up during heavy rainfall and causes flooding.

“It’s a disaster waiting to happen,” said Alcott.

Rosewood Property Co. is a subsidiary of Rosewood Corp., which is owned by the Caroline Hunt Trust Estate. Rosewood built two more high-end complexes in San Antonio near the Rim Shopping Center.

More real estate news

A developer from Dallas started building a 65-acre industrial park on the East Side this winter.

Jackson-Shaw is working on three buildings totaling 30,000 square feet at 4235 Milling Road to house showrooms, manufacturing, distribution and other operations. There is also space for additional facilities of up to 600,000 square feet.

The company’s equity partner at CenterPoint Logistics Park is Dallas-based real estate investment firm Thackeray Partners.

“Fostering this mutually beneficial partnership has enabled both companies to move forward and make progress through these challenging times,” said Michele Wheeler, President and Chief Operating Officer of Jackson-Shaw.

The San Antonio area has 17 projects under construction totaling 6.1 million square feet of industrial space, according to a January report by commercial real estate firm NAI Partners.

Amazon is building three new facilities in the region, including a 1 million square foot fulfillment center at 10360 US 90 for handling large items and a 350,000 square foot delivery station in Brooks on the southeast side.

Both buildings are expected to open this year. A 750,000 square foot fulfillment center at 6806 Cal Turner Dr. that will process smaller items is slated to open in 2022.

“We are excited to continue our growth in San Antonio, which is a growing market in and of itself,” said Daniel Martin, spokesman for Amazon. “We are really seeing increased demand from customers and we pride ourselves on building capacity to meet that demand.”

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