Looks like the city may back out of their hotel agreement with Baylor…

https://wacotrib.com/news/local/education/waco-may-scrap-plan-for-hotel-next-to-baylor-basketball-arena/article_7c855c82-6543-11ed-acbf-130f51b9ed4d.html#tracking-source=home-top-story

Was kinda looking forward to this hotel but I also questioned the financials of it. I'm assuming this was a "go big or go home" type of deal.

That said, a 10 story parking garage by itself isn't ideal - hope they can really dress it up. I do think there is an opportunity for a small amount of Class A office space in there but I bet the cost of doing a small amount would make that prohibitive.

So the parking garage is going to be taller than the arena? What a great aesthetic...

Not sure who would want office space over there unless there really is some successful retail/restaurant development around it. It's a bit of a hike from the busy areas of downtown.

Robert Wilson said:

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So the parking garage is going to be taller than the arena? What a great aesthetic...

Not sure who would want office space over there unless there really is some successful retail/restaurant development around it. It's a bit of a hike from the busy areas of downtown.

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We are all about aesthetics in Waco....

I was disappointed when I saw the headline, but it looks like the development going up around there originally had a hotel that was adjusted to be an office building due to this hotel. If they don't build this hotel on top of the garage, then the other development may pivot back to including a hotel.

To me the $5 million the city saves in the change does seem worth the loss of the hotel and that revenue, but I'm far from an expert.

The other developer will more than likely be much more interested in a hotel

BaylorHistory said:

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I wish I had F you money so I could buy the rights to Josh's name and open a Lomers' Tip-Off Bar and Grill right next to the arena.

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That's the Lomer TipIN bar.

OsoCoreyell said:

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BaylorHistory said:

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I wish I had F you money so I could buy the rights to Josh's name and open a Lomers' Tip-Off Bar and Grill right next to the arena.

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That's the Lomer TipIN bar.

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How about Lomer's Just the Tip?

Drew's Brews and Blues?

So does this mean the Grant hotel in the middle of nowhere will move forward now????




Above said in jest as yes the location was not really middle of nowhere but it was an odd location

A 10-story parking garage needs to be capped with a 24 hour rotating restaurant...IHOP, Denny's or some other place with pancakes.

Don't get me started on Denny's.

Especially if you're going to rotate the restaurant while I am eating their food...

Isnt commercial real estate at all time vacancy rates? I'd rather hotel.

atomicblast said:

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Isnt commercial real estate at all time vacancy rates? I'd rather hotel.

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Not really. Office is pretty lousy most places but industrial has been very steady and will likely continue to be so with demand for distribution warehouse not going away. Retail is actually faring quite well in many Texas markets.