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Dallas developer snaps up 44 acres of Tobin Estate for mixed-use development

Large swaths of land inside Loop 410 are becoming increasingly difficult to come by, but thanks to the foresight of a local philanthropist, one North Texas real estate investor has landed a 44-acre win.

With plans for a mixed-use development, Dallas-based Rosewood Property Co. closed last week on property from the Tobin Endowment, the entity created after the death of San Antonio businessman Robert Tobin. The property is the last remaining piece of the Tobin Estate’s original 500 acres south of the Harry Wurzbach Road and Loop 410 intersection — the nucleus of surrounding commercial and residential growth.

The sale will provide a new stream of capital for the Tobin endowment, which plans to preserve the residence, which serves as the Tobin Endowment’s headquarters, as well as about two surrounding acres. Rosewood has already assembled a team that includes architectural firm LRK — which worked with USAA Real Co. on the Residences at La Cantera — and locally owned Pape-Dawson Engineers, which will provide civil engineering services.

Groundbreaking for utility work is expected to start in early 2017.

Click here to read the full article: Dallas developer snaps up 44 acres of Tobin Estate for mixed-use development San Antonio Business Journal 10-17-2016


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