News Article | 2/12/2008


FORT WORTH, Texas (Feb. 12, 2008) – Monterra Village, Hillwood’s first multi-family development at its AllianceTexas project in Fort Worth, will be the first 100% smoke-free luxury apartment home community in North Texas. The first units for phase 1 of the more than 1,000-unit community will be available beginning in mid-March 2008.

“Our data and research from various groups across the country shows that a vast majority of apartment home renters want to reside in smoke-free communities,” said Perry Wallace, vice president of multi-family development for Hillwood Properties. “There also are significant health, safety and cost benefits to having a non-smoking environment throughout Monterra Village.”

Although the concept of smoke-free apartments is relatively new, they are most prevalent in California. Research from surveys done by various groups across the country has revealed that an average of 70% of renters preferred living in smoke-free buildings. Many of those indicated that they would pay a premium to live in such communities.

In addition to eliminating the health risks associated with second-hand smoke, to which a recent U.S. Surgeon’s Report determined there are no safe levels, smoke-free apartments reduce the risk of fire and help lower cleaning and maintenance costs.

The on-site leasing center for Monterra Village is now open. A virtual tour, lease rates and additional information are available at

The 130-acre Monterra Village is located at the southern gateway to AllianceTexas, southeast of the intersection of North Tarrant Parkway and Interstate 35W. The first phase includes 288 apartment residences and an 8,500 square-foot clubhouse that will be completed by the end of March.

Another unique feature of Monterra Village is the live/work units with adjoining offices that have separate entrances for work-at-home professionals.

Monterra Village offers ample open space, including a 45-acre green belt, which is planned to have interwoven trails, along the west side. The community also will be connected by pedestrian walkways to the 300-acre Alliance Town Center. Located just to the north, Alliance Town Center will offer shops, restaurants, offices and a 70-acre HCA medical campus.

The overall master plan for Monterra Village also includes a medical office park, neighborhood retail and restaurant spaces, as well as suburban-style office structures with residential spaces above.

Monterra Village is located in one of the most rapidly growing submarkets in North Texas. As part of AllianceTexas, it is convenient to the more than 28,000 people who work in the development. It also is located within the prestigious Keller Independent School District. Both residents and business owners will benefit from the outstanding location and amenity package, as well as the overall high-quality design and the energy and vibrancy offered through the mixed-use nature of the development.

Hillwood has the ability to develop approximately 6,000 units of multi-family product in AllianceTexas.

In addition to Monterra Village, the 17,000-acre AllianceTexas development includes the Alliance Global Logistics Hub, the corporate campuses and golf courses of Circle T Ranch, Alliance Town Center, and the Heritage and Saratoga residential communities. AllianceTexas now houses 6,700 single-family homes and 170 companies that occupy 28 million square feet. Sixty-six of the companies at AllianceTexas are ranked on the Fortune 500, Global 500 or Forbes List of Top Private Firms.

Hillwood, ( a Perot company, is ranked as one of the top commercial real estate developers in the country and the top residential developer in Dallas-Fort Worth. The company’s developments currently house facilities for 87 companies listed on either the Fortune 500, Global 500 or Forbes List of Top Private firms. In addition to AllianceTexas, Hillwood is best known for its development of AllianceCalifornia in San Bernardino and the $420-million American Airlines Center and Victory district near downtown Dallas.

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