To be located immediately east of I-35W near the Fort Worth Alliance Airport, Alliance Center East 1 will feature 1,240,584 square feet of space.
Per the announcement from developer Hillwood, the project will break ground in July and is expected to be completed in the second quarter of 2022. It will be located between I-35W’s interchanges with Westport Parkway to its south and Alliance Boulevard to its north.
According to Reid Goetz, the senior vice president of Hillwood, this latest project comes as a recognition by the developer of an ever-increasing demand for space.
“In the last 18 months, Hillwood leased over 8 million square feet of industrial space within AllianceTexas,” Goetz said in a statement. “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.”
Reached by phone, Goetz said that demand is driven not only by some of those larger trends, but also by how those trends figure into the environment the development team has sought to create.
"Really, the basis of the overall master plan and vision of AllianceTexas was to create an environment [in which] the world's largest companies ... could locate into an incredibly rich, logistics amenity environment," he explained.
Goetz also said the facility's construction timeline should not be impacted by the supply chain complications plaguing other projects, as most of those supplies were procured in advance.
"We've already placed orders; we've already ordered all of our steel—we already have secured what [are] really the most risky materials out there," Goetz said.
When constructed, Alliance Center East 1 will be the latest addition to AllianceTexas’ existing infrastructure platform, which already includes the airport, the AllianceTexas Mobility Innovation Zone, and BNSF Railway’s Alliance Intermodal Facility.
The facility will join existing nearby hubs for FedEx, UPS and Amazon.
Alliance Center East 1 is being designed by RGA Architects and financed by Frost Bank. The release notes two future development sites at Alliance Center East, totaling an additional 410,000 square feet on more than 100 acres.