Diamante Development/Historic Geyser Ice Plant

Historic Real Estate Development d...

Raising $2,300,000
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The Geyser Ice Plant Development

The Historic Geyser Ice Plant will be an anchor destination in downtown Waco, Tx. Complimented by several area attractions, the Geyser will feature a 57-room boutique hotel, bar/lounge location and restaurant/entertainment venue. We believe that with the right operators and development partners in place, The Geyser will find immediate success.

Development Information

In June of 2017, the original property and the existing buildings were purchased by Diamante’ Development, LLC., a Waco, Tx. commercial property developer. The new owners plan to demolish some of the out-lying buildings on the property, followed by a complete renovation of the historic buildings and conversion into a destination boutique hotel and entertainment venue in downtown Waco.

The Historic Geyser Ice Plant offers one of the most unique investment opportunities for the serious equity investor in our region today. Waco, Tx. is in the midst of what many call a 100 year boom. With the advent of the Magnolia Silos, Baylor’s state-of-the-art McLane Stadium, and new shopping, entertainment and hospitality developments popping up throughout the city, Waco is transitioning beyond its former reputation as a pass-through city along I-35, and is becoming a true destination for many discerning Texas travelers.

The Geyser Hotel concept will feature 57 immaculately designed and decorated rooms & suites. 27 of these rooms will be located in the historic Geyser Ice cooling tower, which will be converted into a 3-story main hotel building. The remaining rooms will employ a storage container housing concept. The storage container housing and hospitality concept is one of the fastest growing commercial development trends in our country today. Urban centers where the storage container housing, hospitality and retail concept is widely used are Dallas, Phoenix, San Antonio, San Diego, Atlanta, New York, Chicago, Seattle & Denver, just to name a few.

Traction & Accomplishments

http://diamantedev.com/opportunities/

Concluded Projects: Franklin Place Phase I

Current Projects: Geyser Ice Plane Phase I and Phase II

Upcoming Projects: Franklin Place Phase II

How We're Different

Our firm is based in Waco, TX, in the heart of the booming Texas economy. Within a short drive of DFW, Austin and only a couple of hours from the Houston Metro area, Diamante' is able to capitalize on critical development opportunities in all major Texas Markets.

Diamante' Development, LLC, was founded by Jon M. Humphries in January 2017. Jon selectively built a team of industry professionals with over 40 years of combined construction and development experience, who personally vet each development opportunity, and add value to each investment through the design and construction process.

Team

Jon Humphries - Founder/Operating Manager

http://diamantedev.com 


After attending Texas Tech University, Jon began his career in business in the F-500 sector with RHIC. It wasn't long, however, until Jon started his first entrepreneurial venture, and he's never looked back. In January 2017, Jon founded Diamante' Development after serving for 3 years as President & Partner for well known Central Texas General Contractor, JPG Construction, Inc. Jon lives in McGregor, TX, with his wife Julie, and their family.


Lyndsay MacArthur - Investment Advisor

diamantedev.com 


Investment advisor at Diamante Development and Viewpoint Equity Partners


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