en.Wedoany.com Reported - US-based investor Propertize Ventures and builder SOCO Construction have announced a partnership to jointly develop two mixed-use districts within a $1 billion redevelopment project in downtown Waco, Texas. The two parcels, known as Barron’s Branch and the Ballpark District, total over 42 acres and are both located on city-owned land along the Brazos River.
As the first phase of the downtown redevelopment project, the Barron’s Branch parcel plans for 8.5 acres of private development adjacent to a 12-acre city-funded park. The park will feature a waterway, a bridge, walking paths, and accessible open space. The proposed mixed-use buildings will total over 1 million square feet across eight lots, with construction potentially starting as early as 2027. Waco City Council members recently voted unanimously to approve Propertize Ventures' development proposal for three key lots within this area.
The adjacent Ballpark District parcel, covering 23 acres, has already begun demolition work. This area is planned to include residential buildings, waterfront retail and dining facilities, a new minor league baseball stadium, and a nearby hotel. Both districts will be developed through coordinated infrastructure and financing mechanisms, pending further approval from city authorities.
Propertize Ventures Partner William DiRe stated that this partnership combines the firm's expertise in sports-anchored mixed-use development and public-private financing with SOCO's execution capabilities in delivering complex, multi-phase projects. Together, they have proposed a district plan expected to benefit generations of Waco residents. US-headquartered SOCO Construction, experienced in mid- and high-rise urban development with major projects completed in the Northeast and Florida, will leverage its background in large-scale, complex building construction for this partnership. SOCO President and CEO Seth Levy expressed the company's appreciation for the work Propertize has done over the past few years to advance downtown Waco's redevelopment and looks forward to working closely with the city and stakeholders as the vision progresses.
As planned, the Waco Downtown Redevelopment Project will reshape the Brazos River corridor through phased investment and construction, though the final scope, plan, and funding remain subject to municipal approval.
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