Keller - Roanoke - Northeast Fort Worth Edition- Feb. 2020

KELLER ROANOKE NORTHEAST FORTWORTH EDITION

VOLUME 1, ISSUE 10  FEB. 26MARCH 24, 2020

ONLINE AT

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IMPACTS

CITY & COUNTY

SHANNON BREWING CO.

WISE GUYS PIZZERIA

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AllianceTexas spurs economy inNortheast FortWorth Touching six municipalities, four school districts and two counties, AllianceTexas spans more than 40 square miles. If it were its own city, it would rank as the 57th largest in the state of Texas. What began with Alliance Airport in 1989 has grown into a 26,000-acre master-planned development led by industrial, commercial and residen- tial real estate developer Hillwood. AllianceTexas is now home to 61,000 employees and 525 companies. The development had an additional $10.5 billion of capital investment underway at the end of 2019, accord- ing to the AllianceTexas 2019 Eco- nomic Impact Report. BY IAN PRIBANIC

30 YEARS AND BEYOND ALLIANCETEXAS The economic impact of the master-planned development continues to be felt in 61,000 employees 50 million square feet of development $83 billion

Northeast Fort Worth and the neighboring region through industrial, commercial and residential projects.

525 companies

estimated total economic impact

162 miles of major roadways

Encompasses

MAKING AN IMPACT PROPERTY TAX CONTRIBUTIONS FROM 1990 TO 2019

$1B $800M $600M $400M

Associated developments have contributed more than $2.3 billion in property taxes to local schools, cities and counties since 1990. Here are some entities that beneted:

$80M $60M $40M $20M $0

$839.7M $500.6M $62.3M $55.9M $52.7M $42.9M

Northwest ISD

Fort Worth

Denton County

Roanoke Keller ISD

Tarrant County

Ongoing developments continue to drive economic growth along the I35W corridor. (Courtesy Hillwood)

SOURCE: ALLIANCETEXAS 2019 ECONOMIC IMPACT REPORTCOMMUNITY IMPACT NEWSPAPER

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Roanoke development creates oce, medical options

377 CROCKETT ST.

BY IAN PRIBANIC

include more than 145,000 square feet of medical or oce space. Site plans for the proposed project indicate an additional 46,573 square feet more are designated as restaurant and retail space. “We’re selling the downtown nostalgia,” said broker Derek Anthony, whose real estate company, Woodmont, is in charge of leasing CONTINUED ON 14

PARISH LN.

The downtown landscape continues to change for Roanoke residents. With restaurant and retail options aplenty on Oak Street, developer New- stream Commercial aims to bring a dierent type of development to the downtown area. Known as Roanoke Village, the 6.25-acre site will be anchored by a 76,000-square-foot hotel and could

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Roanoke Village, the latest development fromNewstream Commercial, is expected to be pad-ready in early 2020. (Ian Pribanic/Community Impact Newspaper)

communityimpact.com

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