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This article from the WTH put a bit of a damper on downtown revival. It is going to be a tough climb.
http://www.baylorbearfoundation.com - join and list me as your referral - Mark_Carroll@baylor.edu
Pro Ecclesia, Pro Mundus
67% occupancy is the golden number developers are looking for. If you are over that you can expect new construction. If Waco is only in the 50 percent range right now it is going to be a while before you see a new hotel. Sorry; just telling you as it is.
Well, I don't think this news surprises anyone so it's not like someone is bringing the truth to delusional Wacoans. When Sheldon said he wanted to put a hotel on the Brazos it was clear he was biting off a huge chunk. Gonna be some time. But, still, development and positive growth continues. The hotel will follow the growth, but it's not going to lead it.
But man, I see some serious opportunity here in this article.
This post was edited by bugramps 13 months ago
I believe everyone said the stadium would never be a possibility either.. Amazing things are about to happen in Waco.
“We do turn away people on game day and people might not get to stay at the Hilton, but there’s still plenty of rooms in Waco even at homecoming.”
Am I wrong here or is this untrue? The Hilton guy is going to be against competition, but to not challenge that line?
A couple buddies of mine tried to get rooms late before homecoming. He said hotels in and around Waco were booked or way overpriced for where you were staying.
I think he's crazy to not challenge that.
I've never tried to book a room during Homecoming, but I know people regularly book from Temple to West because they can't find rooms in Waco.
Yeah, people book in Hillsboro as well.
I thought I would share my recent experience with trying to find living opportunities in downtown Waco - hopefully, not to bore anyone. Just from a standpoint of researching residency in downtown Waco, we spent most of the morning Saturday (before the Bears football scrimmage) checking apartments and loft living, for potential retirement living. The whole idea of living in downtown Waco, near the Brazos, near Baylor campus and the new stadium, is really enticing to us. This is not our first time to check downtown availability for living arrangements. We've been at it for over a year now - off and on. Thanks to Old300 for providing a few leads in this regard. It's just been difficult to get anyone to really take us seriously on this - what turns out to be - venture. I've called a few folks, including actually visiting with Chris McGowan - Director of Urban Development - and there just does not seem to be a whole lot of prospects in the area of retirement living in a urban setting in downtown Waco. At least we've not hit on the right spots yet. Some of the folks I've call include Loft Living - but have not heard back. We may have to decide to just live near Lake Shore, or Midway, or just stay in Richardson and buy a electric car and make those long, late night drives to and from games.
This post was edited by Dusty Bear 13 months ago
Have you tried The Overlook? It's not downtown, but is close to campus.
Yes. we're aware of the Overlook. We just prefer to be located downtown - where things will be happening. We think there is a lot of opportunity downtown - and everything will be mostly within walking distance.
I work closely with tons of developers and property management companies so I'll jump in and give some feedback. Loft Living will find you something but it'll be small and expensive.
The Overlook is AWESOME IMO and if it didn't have an age restriction, I would live there. It's very reasonable and I believe the units are around 1,500 sq ft or so each. They have an awesome setup with a tight knit community that enjoys evening movies and sporting events in a huge home theatre room. They have meals in a nice dining area or you can cook in your unit obviously. They also have a social area on second floor to access Internet and do puzzles as well as a nice workout facility. They have and awesome pool and a stock tank out front. It's the best apartment setup I have ever seen. They also offer a shuttle into town for their residents.
Another place that will eventually be a player is Franklin Place. They are currently building it at the corner of 6th and Franklin. It will feature 63 units in its first phase and offer 1st floor retail space for shops/stores. I've seen the plans and its impressive.
If you send me your phone number, I will make sure Loft Living calls you quickly.
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