Construction on Peregrine Point LLC's 58,800-sf office and twoconnected hangars got under way yesterday on a 6.5-acreground-leased tract along Heritage Parkway at the southeastern endof the airport. Peregrine Point, led by general manager RandyTaylor, set up shop about three months ago in temporary space atAllianceTexas.

"They were looking at different points around the country andselected Alliance," says Bill Burton, senior vice president ofHillwood, the mastermind behind the 17,000-acre AllianceTexas. Hetells that 15 employees have been hired to date andthat is expected to double as the operator shifts into high gear inAugust. The company is a mix of pilots and technicians from severalUS cities.

The 58,800 sf will be outfitted with 10,000 sf of corporateheadquarters space and the balance will be hangars for one Boeing737-700C and a Gulfstream 450 aircraft. The barrel-vaulted hangarswill have stair-stepped roofs, 48-foot high doors and a 14-inchthick foundation. The project's full cost has yet to be determined.Hillwood Construction is the general contractor. It was designed byRGA Architects from nearby Roanoke.

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