The Axis at Legends Crossing in Waco, TX

The Axis at Legends Crossing is a new commercial building located at 5401 Crosslake Parkway in Waco, Texas. The structure spans 11,231 square feet and was designed to include seven distinct lease spaces. The exterior features a combination of masonry, metal building panels, and fiber cement panels. This project was privately funded and constructed on private land for private use.

Triliji Group served as the owner and developer of record for this development. Sterling & Kap Architects, LLC was the design firm responsible for the project. Steven E Rinehart was the registered accessibility specialist associated with the filing. The estimated cost for the construction was $1,123,100, which calculates to $100 per square foot.

In March 2020, the project was registered with the Texas Department of Licensing and Regulation. Construction began in May 2020. The filing indicated a completion date of May 2021. TDLR closed the project file in May 2021, which marks the end of the accessibility review process for this construction.

Context from 901 TDLR-registered new construction filings in McLennan County provides perspective on this project. The median estimated cost for similar filings was $970,000, placing this project above that median. The median size was 7,570 square feet, while this building is larger at 11,231 square feet. The median cost per square foot was $142, meaning this project’s $100 rate is below the county median. The scheduled build window of 365 days was longer than the county median of 245 days.

Triliji Group has two other TDLR-registered projects in the region. One is The Colonnades in Woodway, valued at $1,800,000, which is closed. The other is the Axis at Legends Crossing in Waco, listed at $550,000 with inspection complete. Sterling & Kap Architects, LLC also designed Apartment Development 19th & La Salle in Waco, a project valued at $8,711,850 with review complete. Nearby businesses include Chuy’s, Saltgrass Steak House, and several hotel properties such as the Holiday Inn Express & Suites Waco South.

According to U.S. Census ACS 2023 five-year estimates, the ZIP code 76712 has a population of about 28,719. The median household income is $96,267, and the median owner-occupied home value is $302,100. Housing in this area is predominantly owner-occupied.