Set back behind the trees along I-10 and Memorial Dr. and beside the trails of Terry Hershey Park, the ExxonMobil Chemical Company Headquarters have gone up for sale. Marketing firm HHF says that the sale of the 35-acre Energy Corridor property was precipitated by the company’s impending consolidation northwest of here at the under-construction 385-acre campus behind other trees in Spring. Standing now on the property at 13501 Katy Fwy. are a 5-story, 576,968-sq.-ft. office building and a 20,463-sq.-ft. conference center.
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Read more about: 77079, Energy-Corridor, ExxonMobil, Land for Sale, Real Estate Marketing
August 15, 2012 – 9:41 am
“I love burst mode on my Samsung S3,” writes the Swamplot reader who used it to capture these photos looking north from the Katy Freeway just west of Hwy. 6. “What’s the deal with the giant flagpoles?” More than 2 dozen of them are up now, arranged in a semicircle on I-10-facing property, immediately west of Sam’s Club adjacent to a building under construction. As of yesterday evening only 1 flag was up, flying at half-mast.
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Read more about: 77084, Energy-Corridor, New Construction
Decorative panels mimic and emphasize the vertical orientation of windows on the front of this 1977 Fleetwood home just past the Energy Corridor. Around back, though, it’s all windows overlooking the pool. Behind the property, a shared alley provides access to the home’s 2-car garage as well as the garages of similarly pooled-up homes on the street. The alley also ups the distance between the back fence and the homes beyond it.
Last week, this corner-lot property resurfaced when a new agency relisted it at an even $312,000. The initial asking price back in February 2011 had tested the waters at an unusual $343,343, with a dive 2 months later to $328,328 — before throwing in the towel in October.
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Read more about: 77079, Energy-Corridor, Fleetwood, Homes for Sale, Interiors
Dismemberment of the former ARCO office building west of Eldridge at 15375 Memorial Dr. should begin sometime within a month or two, Catie Dixon reports. What will new owner Skanska USA do with the 21-acre site — rumored as a possible location for the new Phillips 66 headquarters? Skanska is currently hunting for an architect to provide a master plan, Dixon writes, “potentially with a couple of offices.” Meanwhile, the other pre-owned office building purchased recently by the Swedish construction firm appears safe from the wrecking ball: The company’s regional manager tells Dixon he expects to begin remodeling the Houston Club building at 811 Rusk St. downtown by the end of 2012. [Real Estate Bisnow; previously on Swamplot] Photo of Houston Club building: Silberman Properties
Read more about: 77002, 77079, Commercial Real Estate, Demolitions, Downtown, Energy-Corridor, Office Buildings, Redevelopment, Renovations
March 20, 2012 – 11:03 am
ConocoPhillips refining offshoot Phillips 66 will build a new headquarters facility no more than 10 miles away from the company’s current location, “within the I-10 and Beltway 8 corridors,” according to an email sent to employees this morning. The company had already indicated that Phillips 66 employees would leave the company’s iconic current facility at Dairy Ashford and Eldridge, but the announcement that the oil company’s headquarters will be built from scratch is new.
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Read more about: Energy-Corridor, Office Buildings, Proposed Developments
November 18, 2011 – 3:31 pm
If, as rumored, Skanska USA Commercial Development is the buyer of this sprawling former ARCO building at 15375 Memorial Dr. west of Eldridge, the Swedish construction giant will soon be the owner of a small one-of-each collection of Houston office types: The Houston Club building Downtown, the 20-story tower Kirksey designed for the company that just began construction on the Galleria side of the West Loop, and this 21-acre Energy Corridor campus. According to reports, the company is likely to tear down both the Memorial Dr. building and the one Downtown and build office buildings on each site from scratch.
Photo: Silberman Properties
Read more about: 77079, Buying and Selling, Commercial Real Estate, Energy-Corridor, Office Buildings, Redevelopment
Brock Silverstein tells the HBJ‘s Allison Wollam the strip-center endcap on the northwest corner of Briar Forest and Eldridge Parkway where he and his wife Stacey just opened the Pecan Creek Grille is one of the locations he had investigated a year and a half ago as a possible new home for the then-ready-to-roam Buffalo Grille. Fans of that West U breakfast joint, where the Silversteins worked for 10 years, may find this new lunch spot in the Energy Corridor a little familiar, in a way-out-west kind of way: Pecan Creek has an outdoor patio and serves “diner-style” food, Tex-Mex standards, and breakfast all day.
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Read more about: 77077, Energy-Corridor, Leasing, Openings and Closings, Restaurants, Strip Centers
August 24, 2010 – 12:17 pm
How do you follow your recent purchase of the FBI-invaded office building at 5050 Westheimer — you know, the former Galleria headquarters of that charmingly creative Stanford Financial Group? Black Forest Ventures — a Woodlands-based venture capital firm started by a member of the family behind the Bruker biomedical empire — has the answer: Go out west near Katy and buy Mustang Engineering’s 175,000 sq.-ft. office building in the Park Ten office park off I-10. Just add both to Black Forest’s growing potpourri of properties. Other holdings gathered by the company: Woodlands gourmet grocers Hubbell & Hudson; 3 Black Walnut Cafes in the The Woodlands, Sugarland, the Rice Village; a few Woodlands office buildings; numerous rental homes; and a 15,000-sq.-ft. hangar at David Wayne Hooks Airport in Spring. [Houston Business Journal]
Read more about: 77084, Buying and Selling, Energy-Corridor, Office Buildings, Real Estate Investing
Comment of the Day: Clearing Out the Energy Corridor
“Seems like there is one come down in 77079 almost everyday. Prices are really getting up there too.” [Candor, commenting on Daily Demolition Report: Queensbury Clearing]