Hillwood Urban Breaks Ground on 1.2M-SF Speculative Industrial Building in Fort Worth at AllianceTexas

Hillwood Urban has announced the start of construction on Alliance Westport 12, a 1,219,034-square-foot speculative industrial building located at the northwest corner of Mobility Way and Distribution Drive within the AllianceTexas master-planned development in Fort Worth, Texas. The project is financed by Bank of America, with an estimated construction cost of $47.6 million per state filings. Groundbreaking occurred in February 2026, with completion targeted for the first quarter of 2027.

Project Details

Alliance Westport 12 is a single-building industrial facility being delivered on a speculative basis, meaning no tenants have been announced at this time. The property carries a current occupancy rate of zero percent. Additional project specifications, design details, and contractor information were not disclosed in the available source material.

The estimated construction cost of $47.6 million is derived from a state filing and represents a build cost estimate rather than a transaction or sale price. Bank of America is providing construction financing; however, no loan amount, loan terms, cap rate, or other deal financial metrics have been disclosed.

Location

Alliance Westport 12 is situated within AllianceTexas, a master-planned development in Fort Worth, Texas. The site is located at the northwest corner of Mobility Way and Distribution Drive. No ZIP code was identified in the available source material.

Transaction and Financing Details

Hillwood Urban, a Hillwood Development Company entity, is serving as the lead developer on the project. Bank of America is providing construction financing. No additional financial disclosures or leasing details were available from the source material beyond those identified through state filings.

Alliance Westport 12 is expected to deliver in the first quarter of 2027, adding to the inventory of large-format speculative industrial space within the AllianceTexas development in Fort Worth, Texas.