A rendering of one of Hillwood’s newly-planned industrial buildings at AllianceTexas.
Courtesy of Hillwood
Hillwood is adding to its massive presence in Dallas-Fort Worth, taking the speculative industrial pipeline at its 27,000-acre AllianceTexas development to its highest level.
The firm announced it was building two industrial buildings totaling nearly 800,000 square feet.
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The buildings are Alliance Gateway 70, a 268,623-square-foot facility, and Alliance Gateway 71, a 501,235-square-foot facility. Both buildings will be located at the recently completed interchange of Independence Parkway and Henrietta Creek Road, adjacent to State Highway 170.
Construction on both buildings began in March 2026, with completion expected in the third quarter 2026 for Alliance Gateway 70 and the fourth quarter for Alliance Gateway 71. The projects will benefit from a range of economic incentives, including the Triple Freeport Inventory Tax Exemption and Foreign Trade Zone status.
The buildings join three others under construction — Alliance Westport 12, Alliance Westport 15 and Alliance Gateway 34.
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The five projects total 3.1 million square feet under construction and an additional 2.6 million square feet in predevelopment. That is the largest speculative industrial pipeline in Hillwood’s history at AllianceTexas.
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“Alliance Gateway 70 and 71, combined with Alliance Westport 12, Alliance Westport 15 and Alliance Gateway 34, represent the acceleration of Hillwood’s most ambitious speculative construction effort yet,” said Jack Barkley, vice president at Hillwood. “These buildings will allow us to deliver move-in-ready Class A facilities with the power capacity and infrastructure resilience required by next-generation industrial users.”
The projects are designed by RGA Architects with Westwood as the civil engineer. Hillwood Construction Services will serve as the general contractor. Alliance Gateway 70 is financed by Enterprise Bank, and Alliance Gateway 71 is financed by Comerica Bank.
AllianceTexas has generated an estimated $142.9 billion in regional economic impact since 1990. That includes an estimated $12.5 billion generated in 2025 alone, according to Insight Research Corp.’s annual report.
Las Colinas getting over 400 units
An apartment building in Las Colinas with over 400 units is being developed by a Houston real estate firm expanding in Texas.
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The project, called Pearl Landing, will be a mixed-use building with 403 apartments, according to a filing with the Texas Department of Licensing and Regulation. The project is being developed by the Morgan Group.
Pearl Landing will be at 1101 W. Royal Lane. It is estimated to cost $68 million and will include over 750,000 square feet, according to the filing. The building will have five to seven stories with commercial space on its ground floor, said Stephen Frazee, Dallas/Fort Worth city partner for Morgan, in a Monday statement.
The first floor of Pearl Landing will be anchored by a Kirby Ice House that is intended to make the site a social hub, Frazee said. The complex will also have fitness amenities, a dog park and a pool courtyard, according to the filing.
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Morgan has a history of creating multifamily developments across Texas. The company opened its Dallas office in 2021. Morgan has a Dallas development called Skyline Trinity in North Oak Cliff and a site in McKinney, according to its website.
Morgan is aiming to break ground on Pearl Landing in the fall of 2026 and the company expects to deliver initial units in the summer of 2028, Frazee said.
The full project is expected to be completed by March 2029, according to the filing. Filings with the department are preliminary, and plans are subject to change.
Dallas, Japanese firms partner on apartment development
A Dallas-Japanese partnership has broken ground on an apartment development in Richardson.
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High Street Residential, the residential arm of Trammell Crow Co., and its partner Tokyu Land Corp. will develop a 281-unit apartment complex at 110 E. Polk St. The four-story building is expected to deliver by the fourth quarter of 2027.
Apartments will range from studios to two bedrooms and will range in size from 590 square feet to 1,340 square feet. The complex will sit on 3 acres, and it will replace two existing buildings and a parking lot. It’s a block south of East Main Street.
Richardson leaders provided Tax Increment Financing for the project, which will be used to support the addition of bike lanes, sidewalks and street parking along Polk Street. The funding will also help develop a new green space.
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WDG Architects designed the project. Andres Construction will build it.
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High Street Residential is working on four other apartment projects across North Texas. The most recent is a 394-unit project at the SMU/Mockingbird DART station.
Trammell Crow Co. is a wholly owned subsidiary of CBRE.