HGTV superstars Chip and Joanna Gaines have announced the purchase of what will become the new Magnolia Headquarters. The Gaines’ purchased the Waco Tribune-Herald (900 Franklin Avenue) which has been a community staple for the last 7 decades. The Gaines are officially the new owners and are quickly changing from ink to pencils as they draw out plans to renovate and make way for the new “Magnolia Headquarters.”
“Magnolia’s decision to locate its headquarters in downtown Waco is an important, bellwether moment because it is one more step to solidify downtown as an active, vibrant district,” Waco Mayor Dillon Meek said in a statement. “The addition of hundreds of high-quality jobs in downtown will absolutely bolster downtown small businesses, retailers and restaurants.
“The impact of this decision is yet another example of Magnolia’s meaningful commitment to Waco, and I’m thankful. I’m confident this will signify to other businesses around the country that downtown Waco is an ideal location with a pro-business atmosphere.”
Forbes recently reported Kim Kardashian's "SKIM" line was valued at over 500 million dollars.
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