Air show is just one aspect of Alliance area

This is the big weekend of the year at Alliance Airport, with the Fort Worth Alliance Air Show scheduled from 10 a.m. to 4 p.m. both Saturday and Sunday.

The show, sponsored by Bell Helicopter, stars the Air Force Thunderbirds as its final performance each day.

And if you go, take a good look around you at the booming AllianceTexas development.

The airport will mark its 25th anniversary in December, and it’s the centerpiece of the 18,000-acre master-planned industrial, commercial and residential area that is AllianceTexas.

You’ll still see some open spaces, but nothing like the prairie that was there 25 years ago. AllianceTexas is now home to operations of about 370 companies.

Ross Perot Jr., chairman of Hillwood, the company behind the development, told a Chamber of Commerce lunch crowd on Monday that AllianceTexas is half developed, but there’s construction activity in all of its real estate sectors.

Normally, the development has industrial space available for lease, Star-Telegram writer Sandra Baker reported. Not now.

“Now we’re having to catch up” with demand, Perot said. Hillwood has 3 million square feet of industrial space under construction.

The developer also is building about 100,000 square feet of retail space in Alliance Town Center, as well as a speculative three-story, 150,000-square-foot office building called Hillwood Commons.

New tenants for some of that space are expected to be announced within 30 days.

Marriott is finalizing a deal for a 147-room hotel on the service road of Interstate 35W and Heritage Trace Parkway. Perot said a second hotel and more office space also are being planned.

In a report to the Fort Worth City Council in December, Hillwood’s president, Mike Berry, said this year AllianceTexas is expected to surpass $50 billion in economic impact on North Texas since it began in 1989.

That impact has surpassed $3 billion a year for the past three years.

That’s a lot to celebrate.

This story was originally published October 24, 2014 6:32 PM.

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