ALLIANCE TEXAS (WBAP/KLIF)-AllianceTexas, Hillwood’s 27,000-acre master-planned, mixed-use community in north Fort Worth, continues to be one of the state’s most formidable economic engines with approximately $100 billion generated in regional economic impact and over $3.13 billion in total taxes paid to local public entities during the past three decades. According to its annual Insight Research Corporation report, more than $8.66 billion of the development’s economic impact was generated in 2021 alone.
A driver for regional success, AllianceTexas is now home to 559 companies, with more than 53 million square feet of office, retail and industrial space built since 1989. Significant milestones in 2021 can be attributed to the continued success of the e-commerce sector, the backbone of the AllianceTexas industrial complex. The Alliance corridor now represents the largest industrial submarket in North Texas with the highest net-absorption, according to CoStar, the international leader in commercial real estate data in the U.S., Canada and the United Kingdom. In 2021, Hillwood leased over 6.3 million square feet of space, and launched the largest industrial speculative building at AllianceTexas to-date, Alliance Center East 1, totaling over 1.2 million square feet. In addition, Hillwood broke ground on Alliance Center North 8 and 9, two speculative industrial buildings that are nearly 1 million square feet combined. Click to read more at www.wbap.com.