
Hillwood
Hillwood’s annual report on the economic impact of AllianceTexas is in.
Business is still booming.
AllianceTexas, the 27,000-acre master-planned, mixed-use development in north Fort Worth, continues to stand out as one of the nation's most significant economic engines. Over the past 35 years, the development has generated an estimated $130 billion in regional economic impact, with $10.2 billion contributed in 2024 alone, according to Insight Research Corporation’s annual economic impact report.
Since its inception, AllianceTexas has seen $16.3 billion in total investment, of which $15.2 billion came from private-sector funding and $1.1 billion from public investment, achieving a 14-to-1 private-to-public investment ratio. The project is also responsible for $4.2 billion in property taxes, benefiting local municipalities and school districts. The development spans nine municipalities, five school districts, including Argyle, Keller and Northwest, and Tarrant and Denton counties, contributing $343.9 million in property taxes to local entities in 2024 alone.
Currently, AllianceTexas hosts 590 companies, creating 66,269 direct jobs across various sectors. With 60 million square feet of office, retail, and industrial space developed, it has become a thriving hub for corporate headquarters, healthcare providers, retail, entertainment, and 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, in a statement. “Thanks to our forward-thinking public-private partnerships, AllianceTexas is a legacy that will continue to benefit the region for decades to come.”
Transformative Developments and Partnerships
A highlight of 2024 was Hillwood’s collaboration with the North Central Texas Council of Governments, the Texas Department of Transportation, and local municipalities to secure an $80 million Infrastructure for Rebuilding America grant. This funding supports a $262 million public-private initiative aimed at doubling activity at the AllianceTexas inland port and expanding its industrial real estate platform.
“AllianceTexas is already a thriving corporate destination, and by securing the $80 million INFRA grant, it’s ready to redefine what it means to be a modern logistics hub,” said Fort Worth Mayor Mattie Parker.
Corporate Milestones in 2024
Several corporate partners achieved major milestones in 2024, including:
- Southwire: Opened a 1.2 million-square-foot DFW Customer Service Center, employing 250 team members.
- Henry Schein: Launched its largest global distribution center, adding 300 jobs.
- Embraer: Expanded operations at Perot Field Fort Worth Alliance Airport, creating 250 aviation jobs.
- AVX Aircraft Company: Established its headquarters and a prototype lab for unmanned aircraft systems (UAS) development.
Future Growth Beyond Logistics
In addition to its logistics advancements, Hillwood broke ground on Landmark, a 3,200-acre mixed-use development in Denton. This project will include:
- 6,000 new homes
- 5 million square feet of commercial and mixed-use space
- 3,000 multifamily units
- An 1,100-acre green ecosystem with parks, trails, and recreation.