Chip and Joanna Gaines to Turn Waco's Elite Café into New Restaurant

Facebook/Elite Cafe

UPDATE: Chip and Joanna Gaines have confirmed their plans to turn Waco, Texas' Elite Café into a restaurant in 2017.

Rather than demolish the building, the couple plans to sell the contents at auction to benefit Mission Waco, an initiative to bring affordable groceries to north Waco.

"When considering what we would do with the contents of The Elite, including the iconic sign and blue Cadillac, we decided to auction off the contents in an effort to give the Waco community a chance to bring a piece of this historic landmark home," the Gaines said in a press release.

The Gaines, of the hit HGTV show Fixer Upper, recently purchased the 8,356-square-foot building on Waco's traffic circle and plan to have a renovation of the property complete by early 2017, according to

Facebook/Elite Café
Facebook/Elite Café
Flickr/Nicolas Henderson

The Elite Café is one of the oldest restaurants in Waco. Established 97 years ago, the eatery was a popular stop for motorists travelling between Austin and Dallas. In the last few years, sales plummeted as Waco's restaurant scene expanded. The cafe closed in February, and in March, an Austin restaurant group began taking offers to buy the property. They have not disclosed how much the Gaines paid for the restaurant.

SEE ALSO: Take a Look Inside Chip & Joanna Gaines New Waco Property

We're excited to see what the Gaines do with the place. Aside from renovating a number of homes around Waco, the Gaines have transformed a pair of grain silos in downtown Waco into their Magnolia Market, a thriving home decor shop. They also operate Magnolia Flour, a bakery attached to the silo complex.

We expect to see the renovations of the Elite Café on the next season of Fixer Upper.

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Chip and Joanna Gaines to Turn Waco's Elite Café into New Restaurant