Local developer eyes 11-acre site for major project

A rendering of the development.
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WOODWAY, Texas (KWTX) Big plans are in the works for a growing part of Central Texas as a developer who grew up in Central Texas and recently moved back to the area with plans to develop several areas in town is now eyeing an 11-acre piece of property along Highway 84 in Woodway.

"I'm from Waco and I always say when I was here 18 years ago Richie Road was kind of the end of the earth. And now no one would dispute that the growth is going that direction,” developer Marshall Stewman said Monday.

The project is being called The Outlook at Bosque Ridge and the renderings show restaurants, retail space, office space, walking trails and even an amphitheater.

"(I’m) just seeing all the growth go west there is really nothing west of Hewitt Drive in terms of restaurants and retail,” Stewman said.

"We want to create a really family friendly atmosphere,” he said.

Commercial realtor Gregg Glime is working to secure tenants for the project and says so far things are going well.

"We've gotten a lot of positive traction so far," Glime said.

"From coffee shops to restaurants. The office space is also getting a lot of attention."

Stewman recently completed renovating a building near the Magnolia Silos now called Mary Avenue Market, which includes popular restaurant Hecho En Waco.

The Waco High graduate is also renovating the Studebaker dealership built in 1920 on Columbus Avenue, turning the old building that houses an E-gaming space and office space that can be rented out, for even the day, a concept called “co-working.”

Stewman said the financial backing for the Outlook is looking good and talks with the City of Woodway have also been positive.

If all goes as planned The Outlook would begin taking shape by the spring of 2019.


A rendering of the development.