COMMENT OF THE DAY: EXIT STRATEGY FOR EXXONMOBIL’S NEW NORTH HOUSTON CAMPUS 
“Exxon has sufficiently resurrected the 1980s suburban mall layout. Congratulations. Now, when they decide to move even farther from the educational core of their hometown (read: Willis HQ 2025), they can create “Spring Creek Mall†and populate the landscape with a sampling of deep-discounted soft goods clothing, closeout electronics, and heavily salted/large portion family dining. Everybody wins here.” [jg, commenting on A First Look at the Plans for ExxonMobil’s Humongous New Corporate Campus North of Houston]
Sign up for the Newsletter
Tag: ExxonMobil
So far, ExxonMobil hasn’t revealed any specific information about the new 389-acre North American headquarters just south of The Woodlands it’s apparently already begun sitework on. According to reports, all contractors working on plans for the enormous campus have been ordered to keep their work on the project secret. The new campus is meant to bring together somewhere between 15,000 and 17,000 employees now working in various locations around the Houston area and in Virginia. But documents submitted to the Army Corps of Engineers provide some detail on the plans for an enormous office park near the Harris County-Montgomery County border. The site is bounded by Spring Creek to the north, I-45 to the east, and the proposed 1,800-acre mixed-use development called Springwoods Village to the west and south. The plans were submitted by Palmetto Transoceanic, a mysterious entity that has been viewed as a proxy for the oil company in this area.
The HBJ’s Jennifer Dawson picks up an interesting detail about Springwoods Village, the mysterious eco-themed community being planned by a mysterious company for 1,800 mostly forested acres just south of the Woodlands, at the intersection of I-45, the Hardy Toll Road, and (someday) the Grand Parkway. Coventry Development, still won’t talk about the project’s connection to the rumored but not-yet-announced corporate campus ExxonMobil appears to be building next door, which is expected to consolidate most employees currently based in Houston and Fairfax, Virginia. But it sure looks like Coventry is banking on something big close by: Development director Keith Simon tells Dawson that
Coventry will develop commercial parcels in Springwoods before the residential acreage. The company’s strategy is to build commercial first to create tax value that will funnel money through the tax district to fund infrastructure.
Building standalone office parks and strip centers in the middle of a forest is, of course, a time-honored Houston development tradition. More often these days though, the sprawling houses go in first. But if the major centralized campus of the second-largest publicly traded company in the world is going to bring in thousands of workers nearby pretty soon anyway, yeah — what’s the point?
Coventry Development’s senior VP Keith Simon wouldn’t answer media questions today concerning the possibility that the new 1,800-acre mixed-use community his company wants to develop just south of The Woodlands might have the newly consolidated headquarters of the largest oil company in the world as its very first neighbor. In January, the Chronicle‘s Nancy Sarnoff reported on plans shown to her — apparently prepared for Exxon Mobil — showing an “elaborate corporate campus, including 20 office buildings with 3 million square feet, a wellness center, laboratory and multiple parking garages” on a 400-acre site near the intersection of I-45 and the Hardy Toll Rd.
Meanwhile, an informant tells Swamplot about a real-estate “study” Exxon Mobil has reportedly been conducting of all the properties it owns and leases in Houston: “the old Humble building at 800 Bell downtown, the Chemicals complex at Katy Fwy. and Eldridge, the lovely Greenspoint campus across from Greenspoint Mall, the research facility on Buffalo Speedway, and others.” The company is considering vacating all these sites — as well as its large and valuable Fairfax, Virginia campus outside Washington, D.C. — and consolidating all employees in the new megacampus just south of The Woodlands. (Baytown refinery employees, don’t worry — you’d get to stay put.)
Writes our informant:
Although the company is telling its understandably concerned employees who happen not to live in Spring or The Woodlands not to worry, that this is still just a study, there is already work being done to prepare the site for building.
Where might have Exxon Mobil have come up with those 400 acres?
