Rosillo Creek Industrial Park-Phase II Tract 03 in San Antonio, TX

The Rosillo Creek Industrial Park-Phase II Tract 03 project is a 245,430 sq ft single-story building under new construction at 1219 Rosillo Creek BLVD. in San Antonio. The structure is unconditioned and designated for speculative office space, meaning it is not intended for immediate occupancy. This large-scale development stands out in Bexar County records, where the median estimated cost for similar new construction filings is $600,000. This project’s estimated cost of $16,221,777 places it in the top quarter of county filings for its type.

Milam Real Estate Capital serves as the owner and developer of record for this tract. The design firm of record is Powers Brown Architecture, which has worked on several other TDLR-registered projects across Texas. The project was privately funded on private land for private use. The construction schedule began in July 2023, following a registration with the Texas Department of Licensing and Regulation in March 2023. The initial filing projected a completion date of September 2024, representing a scheduled build window of 428 days. This duration is longer than the county median of 208 days for new construction projects.

Project Status and Financials

The estimated cost per square foot for this development is $66, which is below the county median of $115 per square foot for comparable new construction filings. This geographic designation indicates the site is not at risk from the standard federal flood insurance requirements associated with higher-risk zones. The scope of work includes the single-story unconditioned building and associated site work, with no specific interior finishes or operational systems detailed in the filing beyond the speculative nature of the space.

TDLR closed the project file in September 2024, which marks the end of the accessibility review process for this construction. This status confirms that the regulatory review phase for the accessibility compliance of this specific tract has concluded. The closure aligns with the completion date listed on the original filing. For context, Milam Real Estate Capital has two other TDLR-registered projects in San Antonio, including Trinity Plaza II and Oak Park, both of which are also closed. Powers Brown Architecture has six other registered projects, with a combined value of $29,198,313, spanning locations in Leander, Baytown, and Houston.

The surrounding area, ZIP code 78219, has a population of about 16,946 according to U.S. Census American Community Survey 2023 five-year estimates. The median household income in this area is $52,147, and the median owner-occupied home value is $155,200. Housing in this ZIP code is mostly owner-occupied, with 6,303 housing units recorded. These demographic details provide a baseline for the local market context in which this industrial park expansion is situated, reflecting a stable residential and commercial environment in Bexar County.