Yes, ExxonMobil has been constructing an enormous new 20-building corporate campus on 386 acres near the intersection of I-45 and the new Grand Parkway, where it plans to consolidate approximately 17,000 employees from several Houston-area and out-of-state locations. But the oil company is apparently planning a bit of a move in the opposite direction at the same time. It now has plans to lease more than 480,000 sq. ft. in 2 new office buildings in a new separate “satellite campus” 7 miles north. This won’t be a contrasting urban setting for workers seeking something similar to the company’s longtime Downtown Houston tower. It’ll be in Hughes Landing (pictured above), the new mixed-use development on the shores of Lake Woodlands in The Woodlands.
The buildings are planned to be 12 and 12-and-a-half stories and measure 317,052 and 331,840 sq. ft. respectively; Exxon will lease all of the first building but only half of the second. Both of the new Hughes Landing buildings will have their own separate 11-story parking garage, though from reports it appears ExxonMobil may commandeer only one of them. And the company will get a big break on taxes: Yesterday Montgomery County commissioners decided to give the company 10 property-tax-free years in its new Woodlands space.
The public agreements don’t make clear the exact location of the buildings, but county tax assessor J.R. Moore tells Impact News they’ll be adjacent to CB&I’s offices on Lake Woodlands. That would put them somewhere in the upper right corner of the Hughes Landing site plan shown here:
Moore says the satellite campus will be for new hires and existing employees in IT, finance, legal, and administration. Why didn’t ExxonMobil simply include space for them in the much larger Springwoods campus? “We don’t like to put all of our eggs in one basket, so to speak,” ExxonMobil’s Mike Alexander told a county judge. “There were a lot of people that felt we should build a facility right across the street from our own (in Springwoods Village). . . . This offers some alternative.”
- Commissioners approve abatements for ExxonMobil buildings in Hughes Landing [Impact News]
- ExxonMobil to bring hundreds of jobs to The Woodlands [The Courier of Montgomery County]
- Hughes Landing coverage [Swamplot]
- ExxonMobil coverage [Swamplot]
Images: The Woodlands Development Company