Waco seeks proposals for mixed-use development at Heritage Square
Waco city council members are seeking proposals from developers to build a mixed-use development with hotel, office, residential and retail space on a city-owned 2.3 acre site near Heritage Square. The proposal calls for the winning developer to lease or purchase the downtown property near the Waco Convention Center, city hall and the banks of the Brazos River. The 2.3 acre site is currently used for surface parking with a corner of the property established as a monument to those killed and injured in a 1953 tornado that swept through that city.
City officials are also offering to sale or lease additional land near Heritage Square for the mixed-use development and are asking that the design be compatible with the distinctive design of the area. To be eligible for consideration, the developer must submit a site plan with proposed structures, open spaces, parking, fences, walkways and landscaping. The plan must also include a design narrative that describes the scale of structures interior and exterior finishes and building systems along with the number of proposed hotel rooms, the number of jobs to be created and a projection on revenue the project might raise for the city. The proposals must be submitted to the city by May 31 and council members expect to review and make a recommendation on a proposal by June 21.
Waco city council members are seeking proposals from developers to build a mixed-use development with hotel, office, residential and retail space on a city-owned 2.3 acre site near Heritage Square. The proposal calls for the winning developer to lease or purchase the downtown property near the Waco Convention Center, city hall and the banks of the Brazos River. The 2.3 acre site is currently used for surface parking with a corner of the property established as a monument to those killed and injured in a 1953 tornado that swept through that city.
City officials are also offering to sale or lease additional land near Heritage Square for the mixed-use development and are asking that the design be compatible with the distinctive design of the area. To be eligible for consideration, the developer must submit a site plan with proposed structures, open spaces, parking, fences, walkways and landscaping. The plan must also include a design narrative that describes the scale of structures interior and exterior finishes and building systems along with the number of proposed hotel rooms, the number of jobs to be created and a projection on revenue the project might raise for the city. The proposals must be submitted to the city by May 31 and council members expect to review and make a recommendation on a proposal by June 21.
