This AllianceTexas project is the biggest yet for far north Fort Worth
2.jpg "Hillwood, the group behind the 27,000 acre residential, commercial and industrial development in far north Fort Worth will start construction on 1.24 million square-foot industrial building.")
Fort Worth’s AllianceTexas hub is getting bigger, this time with a massive warehouse.
Hillwood, the group behind the 27,000 acre residential, commercial and industrial development in far north Fort Worth, will start construction in July on a 1.24 million square-foot industrial building that would be the largest speculative warehouse in the sprawling logistics center to date. Dubbed Alliance Center East 1, it will be across the interstate from the airport at the northeast corner of Interstate 35W and Westport Parkway, Hillwood said in an announcement.
“We have seen an unprecedented acceleration in broad demand from customers that are retooling their global logistics networks, including e-commerce operations with next-day and same-day delivery requirements,” Reid Goetz, senior vice president of Hillwood, said in a statement. “Alliance Center East 1 is offered with the most modern and innovative building design in order to meet those requirements, along with a location directly on one of the most critical interstate freight corridors in the country.”
The massive warehouse should be finished by mid-2022.
It will be in Alliance’s Mobility Innovation Zone, a space where logistics companies test new technology, like self-driving cars. It’s also near several shipping hubs: the Alliance FedEx Ground hub, two UPS Ground Sort hubs, the FedEx Express Southwest Regional Air hub and Amazon Air Regional hub.
In the past 18 months Hillwood has leased over 8 million square feet of industrial space in the AllianceTexas corridor, Goetz said. He said robust leasing was evidence of the importance of Alliance’s logistics and real estate offerings and the Fort Worth-area’s work force.
Hillwood plans future expansion in the area. Alliance Center East 1 is the first phase in a 100-acre business park that include two future sites totalling 410,000 square feet.
This story was originally published May 26, 2021 at 3:38 PM.
