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H-E-B on Waco's Austin Ave. could make resurgence

​WACO – Local developer Peter Ellis is aiming to bring H-E-B to 1726 Austin Ave. in downtown.

The two-story building that housed one of the city’s first H-E-Bs in 1950 covers 38,740 sf. The grocery store will consume most of the building, but Ellis is offering as much as 10,000 sf for lease.

Ellis is pursuing $1.1 million in aid from the newly created Tax Increment Financing Zone No. 4.

Waco’s city manager said TIF is recommending an award of $486,000. However, the city is also looking into using federal American Rescue Plan Act funds.

If all goes smoothly, the store will open in late 2024.

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