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Kim_Gatley
Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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Weston Urban buys historic 21-story Milam Building

Milam Building - Downtown San Antonio

Milam Building – Downtown San Antonio

High-profile local developer Weston Urban has bought the historic 21-story Milam Building through a limited partnership, according to county property records.

The new ownership could bring big changes for the Milam, which was built in 1928 and now leases commercial office space. The property was most recently appraised at $7.8 million by the Bexar Appraisal District.

Weston has been involved in several major downtown projects since its founding in 2012, including the renovation of the 100-year-old Rand Building, which has become the headquarters of Geekdom.

The company is working with Dallas-based KDC to develop a $142 million new headquarters for Frost Bank that will be downtown’s first new office tower since the 1980s.

Representatives of Weston, which is led by Rackspace Chairman Graham Weston, did not immediately respond to requests for comment on Thursday afternoon.

Click to read entire article: Weston Urban buys historic 21-story Milam Building (SA Express, 3-17-16)

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