Mike Copeland: 10th and Webster; hot cookies; gas prices; Electric vehicle maker visits Waco | Local business news

A local investment group, Wagboo Properties, is partnering with Turner Brothers Real Estate to place a mixed-use development on 10th Street and Webster Avenue. They envision retail stores, restaurants, a movie screen for outdoor viewing and a game lawn, according to descriptions and renderings appearing on the LoopNet.com real estate website.

Themed areas include the Railcar Bar, Railcar Deck and Railcar Terrace, says a marketing brochure for Webster Street Market. A Union Pacific railroad passes nearby, inspiring names. The anchor building dates back to 1898 and long ago housed horses that pulled Anheuser Busch’s ice cream wagons. It recently served as headquarters for Diversified Product Development, which accepted Bellmead’s offer of a new building to relocate.

As an ode to the past, a shopping area can become The Ice House Shops.

“The property’s goal is to bring together quality tenants to create a synergistic atmosphere and destination for locals and tourists alike,” according to promotional materials from Webster Street Market. It will have 54,000 square feet of retail and restaurant space, nearly half of which is designated as market hall.

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Continuing, the brochure states, “There will be an outdoor recreation and event area on what is now 10th Street. It is two blocks from the Magnolia Silos and close to I-35 and Baylor University.

Josh Barrett of Turner Brothers Real Estate said the floor plan appearing in the brochure and online had undergone minor changes.

“We are working on a grocery concept. The museum, once planned, will likely be converted to retail,” Barrett said by phone. “A local group is looking at a main dining space and another is considering a second. We may still have a brasserie concept out back. We have a handful of leads for smaller tenant spaces in the market hall .

“Optimally, we’ll have everything in place in 12 months.”

Hot cookies, anyone?

A chain of bakeries specializing in delivering cookies, pastries and ice cream until 3 a.m. plans to open a location in Waco.

Insomnia Cookies was awarded a building permit worth $183,264 to complete space at 1508 Speight Ave. near Baylor University.

Gas prices

Waco motorists now pay nearly $2 more per gallon for regular unleaded gasoline than this time last year, according to AAA Texas. The local average on Friday was $4.61 per gallon compared to $2.72 in June 2021.

Perhaps more troubling is that a week ago residents were paying an average of $4.35 a gallon, meaning prices rose 26 cents in a week. A month ago, the local going rate was $4.02 per gallon, according to AAA Texas.

The national average continues to track $5 a gallon, hitting $4.98 a gallon for regular unleaded, AAA reported Friday.

“With the national average nearing $5 a gallon and the national average hitting a new record high, drivers can expect to see higher prices over the next few weeks, if not months, as Russian oil is off the charts. market for many countries because of its war in Ukraine,” AAA Texas spokesman Daniel Armbruster said in a press release.

Austin Avenue retail space

Available space along Austin Avenue has become scarce as downtown development increases, making a listing by Gregg Glime, along with Coldwell Banker Commercial, noteworthy. Commercial condos ranging from 2,400 to 7,400 square feet are for sale or for rent between 1017 and 1019 Austin Avenue.

Glime said the space has large windows facing Austin Avenue.

“We just listed them and have had a good level of interest so far. No users to report at this time,” Glime said via email. “This is a bit of an unusual product compared to what we’ve done a lot downtown. We’re taking the 7,500 square foot building and converting it into three different retail spaces for sale or lease. Opportunity unique for someone to buy about 2,000 square feet in downtown Waco.

“We hope this will meet the needs of local businesses and provide small business owners with a route to home ownership, as almost all of this downtown area of ​​this size has only been available for rent in the past. We will see what happens. will happen.”

Yaki

Baylor University graduates Jake and Lindsey Patterson converted a former Sonic Drive-In on South Valley Mills Drive into their fast food joint Yaki Texas Teriyaki, a brick-and-mortar version of their food truck, and have been operational in the new place since the beginning of this year.

Yaki serves boxed meals containing rice, smoked meats, gravy, and coleslaw. A press release says their goal was to offer meals under $10.

Electric hybrid trucks

An intriguing press release from Texel Energy Storage arrived last week about a collaboration between the Swedish company and American Triton to develop “the next generation hybrid-electric powertrain for trucks”.

It says Texel and Triton are looking for sites in the United States and that they “both recently traveled to Waco, Texas as a lead state to develop their technologies.”

Kris Collins, who recruits businesses as senior vice president for economic development at the Greater Waco Chamber of Commerce, has yet to respond to inquiries about whether those businesses have received the grand tour.

Triton Electric Vehicle manufactures “a new class of electric vehicles currently in India with plans for global expansion,” the press release said. Texel specializes in technology related to energy storage in batteries.

“It is a great honor for Triton Electric Vehicle to partner with Texel Energy Storage to change the world, and we look forward to a long and healthy relationship,” Triton CEO Himanshu Patel said in the release. hurry.