Development Opportunity

Investment Summary

Onyx Legacy Group is pleased to present the exclusive offering of Willow Springs Development Opportunity located at 12650 Willow Springs Road, Haslet, Texas. The property is currently zoned Industrial and is poised to re-zone as a Planned Development for the ideal for a variety of uses ragning from any light industrial uses to a assisted living facility. This property is approximately 80 acres with good accessibility to US Highway 287, IH 35 West, and Loop 820. Approximately 15 miles away from Fort Worth, one of the fastest growing industrial markets in the U.S.
The neighborhood is approximately 80% built-up and is primarily comprised of commercial/light industrial properties along primary thoroughfares with a mixture of commercial and residential development along secondary thoroughfares.
The property benefits from strong demographics, serving over 11,000 households within a three-mile radius and exceeding $150,000 average household income within a one-mile radius. Churches, retail centers, and recreation facilities are easily accessible from the neighborhood.
Haslet has a healthy home value index. According to Zillow, the typical value of homes in Haslet is $567,296. Home values have gone up 25.2 percent in the past year. The Fort Worth metro is part of the Dallas-Fort Worth Metroplex and comprises Tarrant, Hood, Johnson, Parker, Wise and Somervell counties. The most populous cities in the metro are Fort Worth and Arlington. Both locales are expected to record population gains over the next five years that notably exceed the national rate, driving demand for housing.
This large 80 acre parcel offers a great opportunity to establish a quality asset in America's most coveted metros. The property has easy access to Alliance Airport, FedEx Headquarters, Amazon Headquarters, JC Penny Headquarters, and various companies. The Alliance Submarket is known for its strong economic drivers and quality residential communities. Investors looking to develop in a thriving community should strongly consider the Willow Springs Road Development Opportunity.

Welcome to Dallas/Forth Worth Metro!

The North Central Texas area is dominated by the cities of Dallas and Fort Worth. Comprising a 12-county area, the Dallas/Fort Worth Metropolitan Area encompasses nearly 7,000 square miles. DFW Metro is the second largest in Texas, with more than three million people living in the area. High-tech companies, manufacturing and service industries have contributed to growth in Dallas and is considered the financial hub of the Southwest.
The Northwest Independent School District, one of the fastest growing school districts in the state, serves the students in Haslet, TX. Northwest ISD attracts more than 1,400 new students each year and spans across 14 communities in three counties. Northwest ISD is ranked top 100 Best School Districts in Texas and top 50 Best School Districts for Athletes in Texas.
DFW is home to several higher educational institutions, including the University of Texas at Arlington, which is the largest university in North Texas, and Texas Christian University, where both universities supply an educated labor force for the large and diverse employment base. Other local universities in DFW include Texas Wesleyan University, Southern Methodist University, the University of North Texas, the University of Texas at Dallas, Dallas Baptist University, and the University of Texas Health Science Center at Dallas.
The Dallas/Fort Worth International Airport (DFW) is situated between Dallas and Fort Worth and is generally the central point of the current development pattern. It is presently the world's sixth busiest in passenger traffic, third busiest in aircraft movements, and a major economic engine for the region.
North Texas will swell by more than 4 million people by the year 2030. The growth is expected to outpace gains by most large cities in the country and elevate the region's political and economic stature, according to Texas A&M University demographer Steve Murdock. Tarrant County will lead the region's population growth by adding 800,000 residents and Dallas County will continue to be the employment epicenter adding more than 350,000 jobs, according to the report.

Economy

The metro is home to two Fortune 500 companies: D.R. Horton and American Airlines Group. Other major firms include BNSF Railway, Amazon and JPMorgan Chase & Co.
Health care is a strong economic driver, supported by students graduating from the area’s many colleges and universities. Large employers include Texas Health Resources and JPS Health Network.
General Motors’ assembly plant in Arlington has been operating since 1954 and currently manufactures large SUVs for various divisions, such as Chevrolet, GMC and Cadillac, providing numerous jobs.
Lockheed Martin Aeronautics Company is headquartered in Fort Worth, Texas at Air Force Plant 4, an aerospace facility owned by the U.S. Air force and operated by Lockheed Martin Aeronautics.
Naval Air Station Joint Reserve Base Fort Worth employs more than 11,000 personnel and generates a $1.3 billion annual impact to the local economy.