The City of Waco, Texas is currently engaged in a long term, $2 billion downtown redevelopment plan spanning over 60 acres of municipally-owned land. Propertize Ventures is working alongside the City and its private partners to finance and develop major components of this transformative project. We have curated a team specifically for Waco’s downtown revitalization, partnering with Legends Hospitality to bring minor league baseball to Waco, with Garfield Public/Private to coordinate the civic development, and with MHS Architecture to organize the various development components into a cohesive, forward-thinking, mixed-use riverfront neighborhood.

Preliminary renderings for Waco’s multi-phase downtown redevelopment plan are provided below. The full plan includes:

• A new ballpark (built to Minor League Baseball standards) and a Waco-based team

• New municipal and civic structures

• A convention center and headquarters hotel

• Walkable streetscaping and pedestrian-focused design

• Public green space, parks, and riverwalk

• Full-scale infrastructure improvements, including parking garages

Specifically, Propertize Ventures is working with the City of Waco on its “Ballpark District.” The Ballpark District is intended to include (i) a new, MiLB-standard ballpark located directly on the Brazos River and (ii) approximately 2 million gross square feet of dense mixed-use development surrounding the sports facility. Propertize Ventures is leveraging the expertise of its sports and entertainment partner, Legends Hospitality, to source a baseball team for the City. 

We are eager to serve as a long-term partner to the City of Waco. Stay tuned for more updates in early 2025.