Hillwood – Harvest, AllianceTexas and Circle T Ranch
Spotlight on: Hillwood – Harvest, AllianceTexas and Circle T Ranch
Hillwood is one of our region’s biggest developers who’s working on building some of the most important commercial and residential developments or projects in Tarrant County. Members of Minteer Real Estate Team recently had the pleasure of listening to employees of Hill wood! We found out the latest on their projects. Here is some news and updates about their most recent developments including Alliance Texas and Circle T Ranch.
Located at the junction of FM 407 and I-35 sits the development of Harvest, a live smart community that won 2016 Developer of the Year by the Dallas Builders Association. This community of 550 homes is also a live smart property. The community is focused on a sense of community, healthy living, education, environmental responsibility and technology. One of the ways they do this is have a farm within the development with a resident farmer and plots for residents to grow and harvest their own fresh produce. They also have a community pond, pool, indoor workout facility, community use buildings, community groups and various events throughout the year.
Harvest has five developers: David Weekley Homes, Highland Homes, Plantation Homes, DR Horton Homes and also Horizon Homes. Homes are from the mid 200s-525,000. Harvest is unique that all homeowners can manage their home technology from a mobile device. This enables your thermostat, security system, front door camera and selected lights to be at your fingertips. At a touch of a button you can be reminded to change your air filters or take out your trash or find out traffic conditions and the weather. Furthermore, part of the monthly $92 HOA fees goes to Frontier for TV and Internet ($60).
Hill wood’s founding project, Alliance Texas, has been called one of the best mixed-use developments in the world. The 18,000 acre master-planned community has already created more than 44,000 jobs and 40 million square feet of new development. Located 20 minutes from Denton, DFW International Airport and Fort Worth, Alliance Texas encompasses the world’s first industrial airport, Alliance Airport. The I-35 corridor Alliance Texas sits in is the fastest growing area and fastest growing city. Since it started almost 30 years ago, Alliance Texas has generated approximately $60 billion in economic impact. Some big name companies also recently completed construction. Facebook’s data center and UPS’ half-million-square-foot distribution hub are among the newest additions. This adds an additional 5 million square feet to the completed square feet of building space to 35,230,874.
Alliance Town Center
A new development Hill wood is developing within Alliance Texas is the Alliance Town Center. The Alliance Town Center is a 900-acre master planned community built where 83,000 people live within 3 miles. Included will be hike and bike trails connecting to the Arcadia Trail system with a 14-acre park in the center. A multi-family space is also being developed that has 3,500 units and will include 1.4 million sq ft of retail. Some of the dining options will be Chuys, Panera, Chipotle and Pei Wei. A Courtyard by Marriot also opened in the summer of 2016.
Furthermore, with the rate of growth in this area of the Metroplex, one big concern is more traffic coming on already congested roads. They are working with TXDOT to work on main roads and turnaround to improve the road infrastructure. Hill wood’s next focus will be developing the area around highways 170 and 114. About only 50% has been developed of the 18,000 acres they have. Their plan is to have a full build out from Downtown Fort Worth to the Texas Motor Speedway in 3-4 months.
Circle T Ranch
The development at 170 and 114 needs a special section all to itself. It was announced this month that part of the Perot family’s own Circle T Ranch will be turned into a 130-acre mixed-use development. the $1 billion West lake project will be partnering with the Howard Hughes Corp. The development includes the new 500,000-square-foot campus for the Charles Schwab Corp. The partnership will add 1,200 jobs to the area.
The plans also include 1.2 million square feet of office space. There is also plans for retail, restaurants, entertainment, a day care facility, fitness space, a 200-room hotel and residential areas a hotel. The development is including parks, open space and nature trails. The office space will also be rebuilt.
This development will also be one of the largest individual projects has done in this region. Development will begin immediately with the ground breaking of the office buildings planned for the summer of 2017. Finally, the Charles Schwab campus is expected to be completed by early 2019. The architectural design will resemble the contemporary ranch designs seen at other prominent buildings in the area.
This isn’t the first corporation to move onto the Circle T Ranch land. Fidelity as well as Deloitte have already built and used campuses on the land for years. The piece of land Charles Schwab is moving onto is the front face of the property facing State Highways 170 and 114.