Waco: Addison Developer Proposing New Marriott Hotel in City
Feature Illustration: An artist rendering of the proposed hotel by Norr.
by Art Benavidez
Waco (McLennan County) — A request by an Addison developer to assign its city-approved Chapter 380 and tax increment finance agreements to an Amarillo-based state bank was postponed during Tuesday’s meeting of the city council.
A council member filed an affidavit of special interest to recuse himself from voting on the item at a future meeting.
Happy State Bank proposes to finance the construction of the Marriott AC hotel, but on condition the agreements between the developer and city become collateral through an assignment.
The project is to be located at the Mary Avenue and South 6th Street intersection in the northeast portion of the city. The site, comprising two lots, has an area of 2.37 acres, but it has not been cleared yet of a preexisting structure.
There is a dormant 24,700 square-foot equipment supply warehouse on one lot, and a surface parking lot on an adjacent lot. The addresses of the adjacent lots are 301 and 325 South 6th Street, respectively.
In November, the city voted to give the developers a tax break up to $5.5 million for the development of the hotel.
The five story hotel will include the following amenities:
182 guestrooms and suites
Private meeting rooms
Bar and lounge with both indoor and streetscape seating
Club level fitness center
1,300 SF exterior pool with surrounding pool terrace
3,200 SF social entertainment area
17,000 SF executive conference center
Five level parking garage with 332 parking spaces and two guest elevators
Two story retail building with a total of 18,000 SF
Artist rendering of hotel’s front entrance by Norr.
The project architect, the Norr firm from Chicago, Illinois, submitted a project report to the state that gave a construction start date estimate of April 1, 2020. That start date was delayed.
Norr estimated a construction project schedule of 33 months. Paul Barham with SRH Hospitality Waco Realty, LLC, the developer, expects the hotel to be operational by September 2024, according to documents submitted to the city.
According to Norr’s report to the Texas Department of Licensing, which describes a hotel and conference center, open air parking garage and commercial building totaling 254,000 square feet, with an estimated cost of $32 million.
Art Benavidez (Construction News Reporter, Central Texas) is a seasoned journalist with over 15-years of experience in writing breaking news and in-depth features at the local level. He honed his research and reporting skills in newspapers and magazines throughout South and West Texas along with expertise in crafting digital content as Managing Editor of New Image Marketing Research Corporation. Benevidez is a Texas native and graduate of UT-RGV.