COMMENT OF THE DAY: THIS LAND IS THEIR LAND “Heard about it. Shouldn’t matter who the purchaser is, in fact, after reading your comments, it is probably more fair all around if they do not disclose who they are. Posters on this site are quite amazing. I am astonished daily in what they seem to feel they are entitled to when it comes to property owned by others. And how much Swamplot originators do to creatively stir the pot.” [LudiKris, commenting on How Does a Public Notice About ExxonMobil’s Giant New Corporate Campus Stay Under the Radar?]
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Tag: Springwoods Village
A show of hands, please: How many of you knew about the public notice posted by the Army Corps of Engineers this January asking for comments on environmental issues related to the new 389-acre office campus that ExxonMobil plans to build for its employees north of Houston, just south of Spring Creek? If you heard about the permit application before the February 17th commenting deadline, please let us know — just add a comment to this story.
Why is Swamplot asking?
COMMENT OF THE DAY: HEARD IT HERE FIRST “Keep up the interesting news on the ExxonMobil property. I work for XOM and they’re telling us NOTHING!” [Insider, commenting on A First Look at the Plans for ExxonMobil’s Humongous New Corporate Campus North of Houston]
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?
The development director of the New York-and-Denver-based firm that just announced it would be creating a new eco-themed 1,800-acre community immediately south of The Woodlands — and directly adjacent to a 400-acre parcel Exxon Mobil has been eyeing for a giant new consolidated corporate campus — is sure being kinda vague about the identity of the property’s owner, Springwoods Realty. Keith Simon tells the HBJ‘s Jennifer Dawson that Coventry Development and Springwoods Realty share some officers (including him), but that the two companies are “not affiliated.”:
Coventry handles all of the real estate holdings for a privately held umbrella organization that Simon would not name. Springwoods Realty is under that umbrella.
Other entities under the umbrella own approximately 1,000 acres of undeveloped land by Baybrook Mall. Coventry has developed approximately 1 million square feet of retail property around the mall over the past 25 years.
“It’s really a confusing puzzle,†Simon admits.
Adding to the mystery surrounding this corporate . . . uh, “shell” game: Simon’s statement earlier in the week that Springwoods Realty had sold off approximately 400 acres of its holdings — not to Exxon Mobil, but to an entity named Palmetto Transoceanic.
- Coventry developing new community near likely Exxon campus [Houston Business Journal]
- Springwoods Village coverage [Swamplot]
Site map: Coventry Development
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?
A New York land development firm called Coventry Development has just announced grand plans to establish a giant eco-friendly, mixed-use development modeled heavily on the ecological principles first demonstrated decades ago by The Woodlands — on an 1,800-acre site just south of that community. It’s now a pine forest near the intersections of I-45 North, the Hardy Toll Road, and the projected path of the Grand Parkway, about 30 miles north of Downtown Houston. Some portions of that forest will remain: Plans call for a 150-acre nature preserve along one section of the community’s northern reaches, which stretch to Spring Creek. South of that, and along the northern border of the Grand Parkway, the developers are planning a town center with the hallmarks of major mixed-use employment centers: office space and retail, a medical district, townhouses and apartments, and single-family homes. But they’ve gone ahead and given the place a formula-tested suburban-housing name: Springwoods Village.
Springwoods Realty Company has owned most of this land since the 1960s. Why develop it now? Because it’s now pretty clear that the Grand Parkway will actually be built right at the property’s southern border, the developers say. Plus, there’s development on all sides now.
