I just noticed it was rubble on my way home today... I passed by there Thursday and Saturday and didn't notice anything. Maybe HEB is getting ready to fire things up?
Ashley Hodge said:
is it in the NE quadrant here?
MCAD shows 25 acres ...in AG use...cropland I would think...They may be playing defense..kind of a "capture/kill" on the property...Market is China Spring area..it's growing rapidly..That area out 19th to Bosqueville has never really developed because of flood plain issues.. it sits directly below the Lake Waco Dam..Other side of Lake Shore must not be in flood plain, as it has seen fairly substantial investment property built over the years..Case of risk/reward...When you see HEB buy acreage in China Spring, you'll know the demos fit their building model..Perhaps they're watching for competitive investment before they move?Weston Rogers said:
HEB owns the strip center and about 10-20 acres around it; however they're not building anytime soon.
This is HEB's game, they buy land and hold it with zero intentions to ever build on some of it. It forces competition to move along, in this case that means the likes of Brookshire's or Brookshire Brothers will never make the investment in CS area due to the threat of an HEB. No other large grocery chain will touch Waco or most area's where HEB is already the dominant brand.Bexar Pitts said:MCAD shows 25 acres ...in AG use...cropland I would think...They may be playing defense..kind of a "capture/kill" on the property...Market is China Spring area..it's growing rapidly..That area out 19th to Bosqueville has never really developed because of flood plain issues.. it sits directly below the Lake Waco Dam..Other side of Lake Shore must not be in flood plain, as it has seen fairly substantial investment property built over the years..Case of risk/reward...When you see HEB buy acreage in China Spring, you'll know the demos fit their building model..Perhaps they're watching for competitive investment before they move?Weston Rogers said:
HEB owns the strip center and about 10-20 acres around it; however they're not building anytime soon.
Roger that. Kroger and HEB have been in somewhat of a "standoff" for years in Central/North Texas. I think HEB has ,however, made some investments in Metroplex in recent years.Weston Rogers said:This is HEB's game, they buy land and hold it with zero intentions to ever build on some of it. It forces competition to move along, in this case that means the likes of Brookshire's or Brookshire Brothers will never make the investment in CS area due to the threat of an HEB. No other large grocery chain will touch Waco or most area's where HEB is already the dominant brand.Bexar Pitts said:MCAD shows 25 acres ...in AG use...cropland I would think...They may be playing defense..kind of a "capture/kill" on the property...Market is China Spring area..it's growing rapidly..That area out 19th to Bosqueville has never really developed because of flood plain issues.. it sits directly below the Lake Waco Dam..Other side of Lake Shore must not be in flood plain, as it has seen fairly substantial investment property built over the years..Case of risk/reward...When you see HEB buy acreage in China Spring, you'll know the demos fit their building model..Perhaps they're watching for competitive investment before they move?Weston Rogers said:
HEB owns the strip center and about 10-20 acres around it; however they're not building anytime soon.
You were formerly so formal.Sampi82 said:
I formally worked for a large full service sign company that manufactured and installed all H-E-B exterior signs and I was working there when H-E-B was reportedly getting serious about building at that site. I recall one of the holdups being that area is a floodplain and the amount of additional work that would be required by H-E-B being cost prohibitive to them at the time.
I also formally lived in China Spring and shopping at the nearby ghetto H-E-B wasn't the best. I usually grocery shopped elsewhere. That site should do well with continued China Spring growth and with all the residential areas along Lake Shore Drive.
trey3216 said:You were formerly so formal.Sampi82 said:
I formally worked for a large full service sign company that manufactured and installed all H-E-B exterior signs and I was working there when H-E-B was reportedly getting serious about building at that site. I recall one of the holdups being that area is a floodplain and the amount of additional work that would be required by H-E-B being cost prohibitive to them at the time.
I also formally lived in China Spring and shopping at the nearby ghetto H-E-B wasn't the best. I usually grocery shopped elsewhere. That site should do well with continued China Spring growth and with all the residential areas along Lake Shore Drive.
Grinnin bear said:
China Springers are gonna eat that place up.
Looked again at the MCAD website..HEB actually owns total of 28+ acres now in cropland that they purchased in 2006...they bought the actual strip center itself in 2013..All on MCAD website.PartyBear said:
They must have already owned that property for 20 years or so. I had heard they owned it since around 2000 with intentions of the the store. Sounds like confirmation now that they do at least now currently own it (it could be coincidence that rumors existed over the years that they have owned that particular spot maybe they have owned it for a couple of decades now) but still no immediate plans for an HEB as per this board. That is going to drive the China Springers crazy if so. I admit I skimmed the story I had the impression they were finally going to build now.