41.8 F
Fort Worth
Thursday, October 29, 2020
Real Estate Engineering the future: From retail to Facebook, Peloton finds growth

Engineering the future: From retail to Facebook, Peloton finds growth

Other News

A look at big issues on Supreme Court’s agenda

Some of the issues either already on the Supreme Court's docket when it begins its new session or likely to be before...

Wall Street posts solid gains after surge in corporate deals

By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers Wall Street kicked off the week with a broad...

Tarrant County ranks low in work-from-home study by NAR

North Texas ranks pretty high in the “Work from Home” category, according to a just-released study by the National Association of Realtors....

Commentary: Universities and COVID-19: Charting turbulent times

Ray Perryman As the COVID-19 pandemic emerged this spring, college campuses across the United States swiftly sent students...

Peloton Land Solutions

9800 Hillwood Parkway

Suite 250

Fort Worth 76177

817-562-3350

Home

As the economy was just emerging from the Great Recession, two engineers and a certified planner took a gamble on forming a new engineering firm in Fort Worth.

“The development market was down but energy market was strong,” recalled Aric Head, one of the three partners and now CEO and president of Peloton Land Solutions.

The risk paid off for Head, the planner, and engineers Richard Payne and Patrick Smith, who all had years of experience working in other Fort Worth engineering firms. In seven years, the partners parlayed Peloton Land Solutions from a startup with five employees to a full-service consulting engineering firm with more than 100 engineers, planners, surveyors, environmental scientists, landscape architects and support employees.

Besides its main office in Fort Worth, Peloton has offices in Frisco and Austin.

The partners’ foresight of the strength of the re-emerging land development market combined with a strong energy market has been the basis of the firm’s rapid growth.

Unlike other firms that choose to office in downtown Fort Worth, Peloton has eschewed that strategy and located in the North Fort Worth/Keller area. After three expansions of the original office space, the firm packed up and recently moved its headquarters to Hillwood Commons I in Alliance Town Center. The firm is leasing 11,000 square feet to accommodate 60 employees in this location.

With residential, commercial, industrial, municipal and oil and gas clients, the firm chose to create a work environment that has a lot of open space that encourages collaboration, according to Randy Alexander, vice president, principal and operations manager.

The move to Hillwood Commons puts the firm in a building that was among many of its development projects. The firm provided planning, survey, civil engineering and utility extension for this project.

Peloton’s portfolio includes a mix of projects, including some of the most high-profile in Tarrant County. Hillwood is one of its top clients, making the decision to remain in North Fort Worth all the more important for the firm.

One of its biggest projects is the $1.2 billion Facebook Data Center that is under construction in the Hillwood AllianceTexas development. Serving as the civil engineering firm of record for the project, this will be the fifth data center for Facebook across the world.

The first phase of the project will be a 500,000-square-foot facility on 110 acres at State Highway 170 and Park Vista Boulevard.

Other significant Peloton projects include the Clearfork mixed-used development, where the new Fort Worth Neiman Marcus recently opened; Alliance Town Center North and South; Bluestem Park and stream restoration in North Fort Worth; and Hillwood’s Alliance Center North 1 and 2, home to LG Electronics and Walmart industrial buildings in North Fort Worth.

Named the Emerging Small Business of the Year in 2013 by the Fort Worth Chamber of Commerce, Peloton’s three offices in high-growth markets position the firm to continue its success.

“We see sustained growth in all our markets,” Head said. “There is a lot of activity in Frisco in the commercial and retail sectors, Austin is growing like crazy and Dallas-Fort Worth is the No. 1 land development market in the state.”

In Tarrant County, a large share of the future land development will be in commercial and industrial markets, he said.

“Growth is in our DNA,” he said. “We are absolutely optimistic and excited about the opportunities we see ahead.”

In addition to its new space, the first recently promoted some of its employees. Promoted in Fort Worth are engineer Travis Clegg, to business development manager; Chris Hamilton, environmental manager, to associate principal; and Kyle Kattner, Logan McWhorter, Denny Peters, Nick Powell, Matt Schneider; Casey Stevenson and Kole Weber to associates.

Latest News

Dalfen acquires industrial building in Fort Worth

Dalfen Industrial on Oct. 13 announced the closing of five last mile industrial buildings in major Texas markets: Mark IV Commerce Center...

2020 Dennis K. Stone Award Winner

Dr. Hubert Zajicek is the 2020 Dennis K. Stone Award, presented annually by Bio North Texas to an individual who has...

VanTrust building 75-acre logistics hub in South Fort Worth

VanTrust Real Estate LLC, a full-service commercial real estate development company, recently broke ground on a 75-acre Fort Worth Logistics Hub in...

Camp Bow Wow acquires building in Fort Worth

Acting on a lender's behalf, Bradford Commercial Real Estate Services has sold a 10,000-square foot retail building in east Fort Worth to...

S&P CoreLogic Case-Shiller: US home prices up 5.2% in August

By PAUL WISEMAN AP Economics WriterWASHINGTON (AP) — U.S. home prices posted a robust gain in August — another sign that the...