The popular In-N-Out Burger chain may have its choice of two sites in Waco, one on Valley Mills Drive and another near Baylor University, according to sources.
Austin-based SCC Development has confirmed it is negotiating with the California-based chain, which it would place in a 25,000-square-foot development at Lake Air and Valley Mills drives. It hopes to level the old Richard Karr Motors dealership there to make room for restaurants and retail.
But Corey Duhon, a spokesman for DuWest Realty in Dallas, confirmed Wednesday he is “working with” In-N-Out Burger, and possibly could place a restaurant at South Fourth Street and Interstate 35, where the Clarion Hotel Waco will be demolished to make room for a shopping complex.
“We have not concluded a deal, but we are pretty far along in our discussions,” Duhon said.
Duhon said he does not necessarily believe In-N-Out Burger would feel compelled to choose one site or another.
“It’s my guess they will have more than one location if they do anything in Waco,” he said.
In-N-Out Burger declined comment Wednesday on whether it is considering the Greater Waco market.
SCC Development has announced it will buy and level the rambling group of buildings on Valley Mills Drive that served the Karr Motors dealership before it relocated to West Loop 340 on Waco’s “Motor Mile.”
Though a purchase has not yet closed, SCC is marketing the site on its website.
A preliminary site plan includes a drawing of an In-N-Out Burger restaurant, as well as a 4,500-square-foot building for use by Sprint, retail spaces of 3,500 and 12,450 square feet, and two 3,500-square-foot restaurant spaces.
A sign on the physical site proclaims that a shopping center is coming soon and lists Tim Allen with the Austin office of Jones Lang LaSalle as the contact person. SCC has acquired the services of Chicago-based JLL, which is involved in real estate transactions worldwide, to assist in spreading the word about the corner.
JLL described the site on its website as a “very strong retail trade area with national and regional retailers including Target and H-E-B generating market-leading sales.” It said it is “located within the largest concentration of daytime population in Waco,” and serves as a gateway to Waco’s most affluent residential areas.
The website also says that spaces within the site probably could be delivered for use during the first quarter of 2015.
No one with SCC Development could be reached for comment and Allen would say only that SCC’s purchase of the site remains pending.
“The deal has not closed; things are kind of in a holding pattern,” said Allen, adding he does field calls from those interested in placing a use there.
The land is owned by a Georgetown-based limited partnership of which Frank Weaver Jr. is the registered agent, according to the Texas Secretary of State’s Office. For many years, Frank Weaver Pontiac did business at that corner, with Richard Karr Motors later leasing the complex.
No one with the limited partnership could be reach for comment about the status of the sale.
In-N-Out Burger, founded in 1948 and based in California, has grown to 300 locations while expanding into Texas, Arizona, Nevada and Utah.