Economics Research Associates (ERA) was retained to conduct a comprehensive
market review for the Walsh Ranch property. This review examines both
the primary and secondary markets with respect to current and future
demand for residential, office and industrial property, conventional
and destination retail, as well as public and private golf.
The property will draw from both a primary and a secondary market with:
Primary market consisting of
County and West Central
County. West Central
County can be described as
area on the western side of I-35
excluding the areas
to the north of
Worth and to the south of
Secondary market exists, taking into
the remaining portions of
Tarrant County that
from the Primary market. The
market's contribution to
the property is expected
to increase as
area east of downtown Fort
I-35 and the DFW
population of the Primary market
estimated at 500,000 people.
the Primary and Secondary
markets represent approximately 1.5
people (Tarrant County has
population of over 1,400,000 and
population is over
Because of its size, the Walsh Ranch property is suited for a variety
of residential types. At build-out, it is estimated that the property
will contain over 18,000 homes with an estimated population of over 44,600
people (assuming 2.6 residents per household per the 2000 census). The
residential target market is made up of the following characteristics:
home prices ranging from $150,000
first-time move-up buyers to above
for luxurious estate homes.
average house price will be in excess
exemplary schools in the Aledo
School District will be a
draw for the community.
for an active adult component —
to ages 55 and over.
center living for residents
convenience and maintenance
desiring shorter driving
commutes to the central business district,
Alliance corridor of
||Office, Industrial, and Retail
The owners seek to take advantage of the property's location and size
to capitalize on its office, industrial, and retail market potentials.
Taken together the property will have approximately 770 developable acres
available for office, industrial, and retail space or an estimated 8.8
million square feet of space.
In addition to its size, the property has many attributes favorable
for capturing potential business which include:
Immediate access to the
interchange between two major
(I-20 and I-30).
of land with superior
to the Fort Worth CBD,
Martin/ Carswell and
the Alliance corridor,
work force and/or
within Walsh Ranch of
37,000 employees at build-out.
of freeway frontage
ideal for corporate campus
and availability of
and executive housing convenient
to the workplace.