Established in 1988 by Ross Perot, Jr., Hillwood is one of the largest private real estate developers and investors in the U.S. Even so, our heritage is not conveyed by the amount of square footage developed or projects completed. Our strength comes from creating premier projects where communities can grow and thrive. We pursue projects that create value for our partners, both public and private, and that exceed the expectations of our customers.
The best evidence of Hillwood’s ability to develop a tremendous business environment is that approximately 90 companies from the Fortune 500, Global 500 or Forbes List of Top Private Companies have chosen to locate in Hillwood developments.
In one of the company’s first projects, Ross Perot, Jr. and his team led the public-private effort to design, fund and develop Fort Worth Alliance Airport, the world’s first industrial airport. Based on that project, the Federal Aviation Administration created a category for industrial airports, which were defined as Class A airports dedicated to air cargo and aerospace manufacturing and training and have no commercial passenger traffic.
Hillwood donated 350 acres to the City of Fort Worth for the new airport construction, and the Fort Worth Alliance Airport is now the centerpiece of the AllianceTexas development. Since its founding, this project has attracted more than $8 billion in private investment, generated approximately $64 billion in economic impact, created nearly 47,500 jobs and has more than 4.3 million square feet developed.
That same year, Hillwood recognized a need for quality residential developments and responded by creating Hillwood Communities. The company’s first master-planned community, Park Glen, was developed in the City of Fort Worth’s first Public Improvement District 10 miles south of Alliance Airport. Hillwood Communities has since grown to include 35 active communities in 28 cities, seven states and two countries.
The company continued to expand with the creation of Hillwood Investment Properties, a business unit that develops and acquires industrial properties (outside of AllianceTexas) in North America and Europe. It has developed 68.8 million square feet and acquired 33.2 million square feet across 23 U.S. markets.
In 2000, Hillwood was named master developer for the former Norton Air Force Base in San Bernardino, California. At that time, the project had experienced no significant development since 1994, when the Air Force turned the base over to the city. Since being named master developer, the project has grown to 14 million square feet and created more than 9,400 jobs. Now known as AllianceCalifornia and modeled after AllianceTexas through a public/private partnership with the former Norton Air Force Base and the city of San Bernardino, California, the development has added major facilities for global leaders such as Amazon, Mattel, Pep Boys, Stater Bros., Kohl's, Pepsico, Pactiv and Medline.
Every Hillwood project varies greatly in nature and scope, but they are all undertaken with a common spirit that embraces entrepreneurism, collaboration, innovation and a dedication to making a lasting contribution. Its large, signature projects make a significant impact on the community and become premier places for its residents and customers to live and conduct business. As a result, Hillwood is consistently ranked among the top developers in the country by national trade publications and has received awards from multiple prestigious real estate trade organizations.
In addition to AllianceTexas, AllianceCalifornia and AllianceFlorida, other signature projects include Victory Park, another public-private partnership with $1 billion total investment to date, which transformed a neglected brownfield site near downtown Dallas into a vibrant, new urban district, including the American Airlines Center in Dallas, a premier sports and entertainment venue; the Perot Museum of Nature and Science, a natural history and science museum located in Dallas, Texas, and the United States Air Force Memorial in Washington, D.C. where Ross Perot, Jr. led a 14-year effort to build the U.S. Air Force Memorial to honor the men and women who served in the U.S. Air Force.
Hillwood West serves as an equity and capital provider for well-established builders in the western U.S., primarily in Arizona, California, and Hawaii. This operation provides an alternative source of development capital and delivers added value to its partners by sharing its expertise across the development lifecycle. Current Hillwood West projects encompass nearly 1,800 units on 146 total acres.
The newest business in the Hillwood family is Hillwood Urban, the company's corporate office and urban mixed-use division. Hillwood Urban is focused on marketing and developing strategic development sites in its Downtown and Uptown Dallas portfolio, as well as new investment and development opportunities in the North Texas market.
Throughout its history, Hillwood has been guided by an unwavering commitment to fairness, respect, quality and integrity in all of its business dealings. Our team embodies the company’s core values of Integrity, Respect, Excellence and Teamwork. Hillwood maintains a fundamental commitment to serving the interests of our partners, our customers and the people who lie in the communities in which we are located.
We’ve come a long way in our history. That’s because from the beginning, we’ve dared to think big. We continuously set new standards of excellence through innovation. In short, we deliver quality in our developments, and we generate maximum return for our investors.