WHISPER 3 SPEC OFFICE CENTER 1 in San Marcos, TX

Building 3 - Suite 200 is a 2,572 sq ft addition to an existing warehouse structure located at 1241 Fortuna Rd in San Marcos, Texas. The filing identifies the project as the Whisper 3 Spec Office Center 1, a new spec office built for a future tenant within the existing building envelope. Greystar is listed as the owner of record for this privately funded development in Hays County.

The scope of work involves converting part of the warehouse space into a dedicated office environment. Powers Brown Architecture served as the design firm for this project. The estimated construction cost is $476,400, which works out to $185 per square foot. This cost per square foot is above the county median of $152 for similar additions to existing buildings in Hays County.

Construction was scheduled to begin in March 2025 with a planned completion date of October 2025. The TDLR record shows that plan review was completed in February 2025. However, the authority has not yet recorded a final inspection, meaning the public record does not confirm the current physical state of the site or whether the work is fully finished.

Greystar has six other TDLR-registered projects in the area, including other suites in Building 3 and separate industrial projects in San Marcos. These range in cost from $100,000 to $476,400. The design firm, Powers Brown Architecture, has handled larger commercial projects across Texas, including buildings in Houston, Leander, and Baytown, with total registered values exceeding $15 million.

The site is situated in the 78666 ZIP code, a region with a population of about 87,775 according to U.S. Census estimates. The median household income in this area is $55,478. Housing in the vicinity is mostly renter-occupied, with a median owner-occupied home value of $271,900. This context places the project within a dense residential and commercial corridor in Hays County.