FORT WORTH, Texas (February 4, 2025)—AllianceTexas, Hillwood’s 27,000-acre master-planned, mixed-use development in north Fort Worth, remains one of the nation’s most formidable economic engines. Over the past 35 years, it has generated an estimated $130 billion in regional economic impact, with more than $10.2 billion created in 2024 alone, according to Insight Research Corporation’s annual economic impact report. In addition, AllianceTexas has produced $4.2 billion in total property taxes paid to local public entities in that time span.
Total investment at AllianceTexas surpassed $16.3 billion in 2024, with $15.2 billion coming from the private sector. Public investment totaling $1.1 billion has been invested in the project to date, representing a 14-to-1 private-to-public-dollar investment multiple. The multiple on the cumulative economic impact of $130 billion is almost 130 to 1.
See the full AllianceTexas Annual Economic Impact Report here.
AllianceTexas is now home to 590 companies, generating 66,269 direct jobs. Since 1989, 60 million square feet of office, retail and industrial space have been built. The development is home to corporate headquarters, healthcare providers, higher education centers, shopping and entertainment destinations and vibrant residential communities.
“2024 was a phenomenal year for Hillwood, culminating with AllianceTexas reaching $130 billion in total economic impact for the North Texas region,” said Mike Berry, president of Hillwood. “Thanks to our forward-thinking outlook and partnership between public and private sectors, we’ve built something that will last for many decades to come. About 70,000 people come to work at AllianceTexas each day for some of the world’s most iconic brands. These companies, including Amazon, FedEx, BNSF Railway, Meta, Charles Schwab, Fidelity Investments, Deloitte and UPS, continue to be attracted to Fort Worth’s business-friendly environment and workforce.”
Hillwood’s 35th anniversary year proved to be a defining moment, with transformative projects and strategic partnerships reinforcing its legacy as a leader in real estate development.
A major highlight of 2024 was Hillwood’s collaboration with the North Central Texas Council of Governments (NCTCOG), the Texas Department of Transportation (TxDOT), the City of Fort Worth, and the City of Haslet to secure an $80 million Infrastructure for Rebuilding America (INFRA) grant. This funding is a critical component of a broader $262 million public-private partnership designed to double activity at the AllianceTexas inland port, accelerating the expansion of its industrial real estate platform. The AllianceTexas Smart Port was the only project selected from Texas and one of just 44 awarded nationwide.
“From AllianceTexas’ leadership as an economic driver for our region to capturing the expanding industrial market and creating our cities’ most desirable residential communities, Hillwood continually charts the course for other developers to follow,” Fort Worth Mayor Mattie Parker said. “AllianceTexas is already a thriving corporate destination, and by winning the $80 million INFRA grant, it is ready to redefine what it means to be a modern logistics hub. AllianceTexas sets the standard nationally for providing companies with innovative resources and opportunities for growth.”
Hillwood also celebrated significant milestones in 2024 with key corporate partners. Southwire, the largest manufacturer of wire and cable used in electricity transmission and distribution, opened its nearly 1.2 million-square-foot DFW Customer Service Center, employing 250 team members. Additionally, Henry Schein, the world’s largest provider of healthcare solutions to office-based dental and medical practitioners, launched its largest single-building distribution center within its global network, bringing approximately 300 jobs to AllianceTexas.
Further strengthening its industrial footprint, Hillwood announced the launch of Alliance Westport 24, a 1.1 million-square-foot speculative industrial building, and Alliance Westport 14, a 766,994-square-foot facility. These developments are part of Hillwood’s strategic plan to deliver 3.5 million square feet of new industrial space at AllianceTexas, providing expansion and relocation solutions for its current and prospective customer base.
Aerospace additions at Perot Field Fort Worth Alliance Airport further underscored Hillwood’s impact. Embraer announced an expansion that will create approximately 250 new aviation jobs while strengthening its support for E-Jets customers. AVX Aircraft Company established its new headquarters, complete with a 7,000-square-foot prototype lab, where it will test unmanned aircraft systems (UAS) for military and commercial applications.
Expanding its vision beyond logistics and industrial development, Hillwood broke ground on Landmark, a first-of-its-kind, 3,200-acre mixed-use development in the City of Denton. Developed in partnership with Hillwood Communities, Landmark will feature 6,000 new homes, 5 million square feet of commercial and mixed-use space, and over 3,000 multifamily units along a five-mile stretch of I-35W. The project is designed around a 1,100-acre green ecosystem with parks, trails, recreation and S.T.E.A.M.-focused learning spaces.
Geographically, AllianceTexas encompasses nine municipalities, five independent school districts and two counties. Since 1990, $4.2 billion has been paid in property taxes cumulatively to the Cities of Fort Worth, Haslet, Roanoke, Northlake, Westlake and Corral City; Tarrant and Denton Counties; and Northwest, Keller, and Argyle Independent School Districts (City of Denton, Denton ISD, the City of Justin, and the City of Argyle were not included in the 2024 report, as development is still forthcoming). In 2024 alone, the project contributed $343.9 million in property taxes to these local entities.
