Magnolia pays nearly $ 4.5 million in public money to transform the old newspaper building | News from local businesses

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“Bringing hundreds of jobs and the disposable income that they represent downtown is important,” said Waco Mayor Dillon Meek.

Staff now employed in locations far from Magnolia on Bosque Boulevard and Imperial Drive, for example, will be moving downtown, Meek said.

Magnolia brand operations include Magnolia Market at the Silos a few blocks from the planned headquarters, Magnolia Home, Magnolia Table Restaurant, Silos Baking Co., Magnolia Realty, Magnolia Press and Magnolia Commercial Kitchen. Magnolia, in partnership with Adventurous Journeys Capital Partners, will also transform the Grand Karem Shrine building on Washington Avenue and Seventh Street into a boutique hotel with a grand restaurant and ballroom.

Magnolia confirmed in April that it was purchasing the newspaper building with the intention of making it the hub of the business. The Tribune-Herald space opened in 1950, but declining staffing and local operations, including the withdrawal of the printing press, prompted the newspaper’s current owner, Lee Enterprises, to trade 110 000 square feet against 6,500 divided between two locations.

Approximately 70,000 of the 110,000 square feet of the old newspaper building will be renovated, creating production space for the Magnolia network, as well as a test kitchen, offices, meeting rooms and a warehouse.

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