Economic Development

Strong Demographics

  • Average new home values $1,300,000 and up
  • Average household income of $243,000
  • ~18,000 daytime population and growing to a build out of more than 40,000 by the year 2040
  • ~1,840 residents as of 2022 NCTCOG estimates with a build-out of around 7,000 by the year 2040

Strategically Located

  • Conveniently located only 15 minutes west of DFW Airport
  • Adjacent to the Alliance areas, the largest industrial corridor in Texas and home to over 60 Fortune 500 companies
  • Only 8 miles east of Texas Motor Speedway
  • Easy access to Dallas, Fort Worth, and Denton

Development Opportunities

  • Circle T Ranch - a 2,500 acre mixed-use, master planned community by Hillwood Development with 230 acres of parkland. The developer of Circle T Ranch (Hillwood) has recently announced the vision of the ranch for several corporate campus location areas.
  • Entrada - A mixed-use development where the architecture will emulate the Catalonia region of northeastern Spain throughout 85 acres. The master-planned community will feature over 1,000,000 square feet of office, retail, hotel, entertainment, and over 300 residential units with a mix of villas, town homes, and condominiums. 
  • Front 44 - part of the Circle T Ranch, the Front 44 is a 44-acre mixed-use development at the intersection of SH114 and SH170 by Hillwood Development directly north of the new Charles Schwab Campus. More Info Here.
  • Knolls at Solana - a 64-acre residential development with 54 lots surrounded by an approximate 20-acre forested Conservation Area. More Info Here.
  • Quail Hollow - a 96 estate residential development on 188 acres. More Info Here.
  • Westlake Ranch - a 38 lot residential development on 40 acres of hilly land features several water features throughout. More Info Here.
  • Westlake Corners - part of the Circle T Ranch, Westlake Corners is a small commercial development located at the intersections of US 377 and SH170. More Info Here.

Strong Corporate Partners

  • Charles Schwab’s headquarters - upon completion, the campus will employ over 6,000 workers. More Info Here.
  • Deloitte University Campus - a 750,000 square, foot 800 guest room facility, use for training Fortune 100/500 companies and which employs 500 on-site workers and brings in 45,000 guests annually. More Info Here.
  • Fidelity Investments Campus - the Fidelity campus employs over 5,000 workers on a forested 300-acre campus. More Info Here.
  • Solana Business Park - an architecturally beautiful, mixed-use campus of office buildings and retail businesses. The business park holds approximately 44 businesses with about 3,600 employees. Within the development the premium Marriott DFW Westlake contains a 294-room hotel with about 15,000 square feet of conference space. 

High Standards

  • Town support for economic development incentives
  • High development standards that are flexible to accommodate logical development
  • Tree City USA for 22 years
  • Platinum-level Scenic City for high aesthetic and open space standards
  • Named America’s Most Affluent City in the Country by Forbes two years in a row (2011, 2012) and hottest luxury housing market in Dallas
  • Westlake Academy - a TEA exemplary rated open-enrollment charter school offering the International Baccalaureate Curriculum for grades K-12; Nationally ranked since 2011

Additional Info

Documents

Economic Development Incentive Policy
Economic Development Profile Pamphlet

Maps

Interactive Maps
Comprehensive Plan Map
Daytime Population
Development Activity Map
Zoning & Land Use Map

Links

Demographics

Key Contacts

  1. Ron Ruthven

    Director of Planning & Development
    email
    Phone: 817.490.5739

  1. Wade Carroll

    Town Manager
    Email
    Phone: 817.490.5715