Chip and Joanna Gaines Are Expanding Their Empire and Buying Waco, Texas Property at a ‘Rapid Rate’ (Exclusive)

Just when you thought Chip Gaines and Joanna Gaines didn’t have anything left up their sleeve, they surprise us with more! The Fixer Upper couple may already own a large plot of land for their multi-faceted business located in Waco, Texas, but a source close the two exclusively told Closer Weekly that Chip and Jo are looking to “fix up” the town even more and make it part of their empire.

“They’re turning Waco into their own brand of paradise … They’re buying uptown property at a rapid rate, including a real castle and a historic museum just blocks from their Magnolia Market at the Silos,” the insider told Closer. “Chip and Jo feel the town could use some improving.”

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While fans of Chip, 44, and Jo, 40, can’t wait to hear what plans they have in mind, some of those who live in the community of Waco are, apparently, not too happy about the possible changes. “Residents aren’t thrilled and are calling them the greedy Gaineses,” the insider revealed. “Real estate prices have soared because of them.” Yikes!

Though major changes have yet to be announced, the parents-of-five did recently share that they are opening a coffee shop in town. “I can confirm that we will be breaking ground on our newest project, a coffee shop, early next month — our tentative plan is to open by year’s end,” Magnolia spokesman John Marsicano told People in mid-February on behalf of Chip and Joanna. “An official name for the coffee shop has not yet been announced, but we’re excited to share more details in the coming weeks!”

With the addition to the coffee shop — which is expected to be located a block away from the couple’s Magnolia Market at the Silos — the power couple is hoping that the new business will allow fans to explore the old grain mill while sipping on a hot, or cold, cup of joe. The coffee shop will also be joining the list of other businesses that Chip and Jo own on their Texas property, including Magnolia Table restaurant and Silos Baking Co.

It looks like fans are just going to have to patiently wait for more details from Chip and Jo regarding their newest projects  — either way, we can’t wait!

Closer Weekly reached out to Chip and Joanna’s rep for comment on this story and have yet to hear back.