ApexOne Investment Partners (Fund V) has entered into a joint venture development agreement with Woodfield Development to construct 450 apartment homes in the Northwest Village master-planned community adjacent to Alliance Texas. Alliance Texas is a 27,000-acre master-planned development home to over 550 companies with more than 61,000 employees. Numerous white-collar businesses and recreational enterprises anchor the Site, including Westlake, Alliance Texas, Texas Motor Speedway, Charles Schwab, Deloitte, and Fidelity.
Alliance Texas was ranked the #1 business park in North Texas and continues to be the economic engine driving growth in the north Ft Worth region. Alliance Texas is home to Alliance Global Logistics Hub (“AGLH”). The Hub is one of Texas’ two intermodal logistics facilities connecting ground, air, and rail, allowing businesses to take advantage of various transportation outlets. Over 81,000 direct and indirect jobs and $7.3B of GDP are provided for the Texas economy by AGLH.
Northwest Village will provide a variety of one, two, and three-bedroom floor plans and a special section of three-story townhomes. Upon completion and stabilization, ApexOne will hold the property for cash flow and long-term appreciation.