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ExxonMobil to Consolidate Houston Offices at New Campus
Energy-efficient campus to be located on 385-acre wooded site in north Houston

Complex will have multiple low-rise office buildings, laboratory, conference and training centers and employee amenities. Construction and ongoing operations to provide significant economic benefits for local economy.

HOUSTON, Jun 07, 2011 (BUSINESS WIRE) – ExxonMobil announced today the development of a new office campus in north Houston for employees currently working in a variety of locations in the Houston area.
The complex will be located on a 385-acre wooded site on company-owned land near the intersection of I-45 and the Hardy Toll Road. It will contain multiple low-rise office buildings, a laboratory, conference and training centers and facilities such as child care, a wellness center and other employee amenities.

“This new campus provides an opportunity to consolidate many of our Houston offices in one location, which will provide a high-quality working environment as our employees continue to support ExxonMobil’s mission of delivering energy to meet growing global needs,” said Bryan Milton, president of ExxonMobil Global Services Company.

“The complex will be constructed to high standards of energy efficiency and environmental stewardship, and will promote new opportunities for employee collaboration in their daily work.”
New theme park set to open in 2015 in East Montgomery
The Greater Houston area will soon have a new entertainment venue to visit.
Construction will begin this fall on Grand Texas, a large-scale amusement park seeking to cater to the audience that formerly frequented AstroWorld.

Developers of Grand Texas announced the purchase of a 600-acre plot of land in New Caney on July 8 for the theme park, about 25 miles east of The Woodlands at 23413 Hwy. 242 near Hwy. 59.

The park, which has been in the works since about 2004, is expected to open in the spring of 2015 and feature a Texas history theme.

“Houston is significantly underserved in the amusement park arena, and Kemah and Pleasure Pier are wonderful, but they are very different types of venues from an amusement park,” said Monty Galland, pre-development manager of Grand Texas. “The absence of AstroWorld really has left a huge hole for the most part.”

Grand Texas will feature a Big Rivers Water Park; several roller coasters, including one proposed to be one of the 10 largest wooden coasters in the nation; and many other rides similar to those typically found at Six Flags amusement parks. The final list of rides for the park is slated to be revealed in about six to eight months, Galland said.

Andy Dill, president of the Community Chamber of Commerce of East Montgomery County, said New Caney was chosen as the location for the park because of mobility factors.
Hughes Landing plan includes new dining, retail
The first Hughes Landing tenants began moving in to their new offices in One Hughes Landing in early September, but the office building is only the first of many projects on the horizon. With residential, retail and dining projects planned in the near future, demand for space is strong for the 66-acre mixed-use development.

Plans for Hughes Landing include 1.5 million to 2 million square feet of office space, 800–1,000 apartment units, 175,000–200,000 square feet of retail, 200,000 square feet for a hotel and a fitness center to serve workers, said Alex Sutton, co-president of The Woodlands Development Company.

Within two years, much of Hughes Landing—located on the east side of Lake Woodlands between Grogan’s Mill Road and Lake Woodlands Drive—could be completed, including a grocery store, parking garage, restaurants and luxury apartments, he said. Sutton said the entirety of the development, including as many as 11 office buildings, could take five to 10 years to complete, depending on demand.

“There’s a lot of buzz in the market that Hughes Landing has created,” Sutton said. “There’s a strong interest in it, and we’re very pleased at the pace that it’s going.”
Exxon Mobil campus, Grand Parkway transforming Houston’s real estate landscape
HOUSTON - (Houston Business Journal)

Exxon Mobil's new campus and the Grand Parkway expansion project were game-changers for the Houston real estate market in 2014.

The Irving, Texas-based energy giant is building a new corporate campus on 385 acres in Spring. When completed, the campus is expected to house 10,000 employees — and is driving new development north of Houston.

Meanwhile, the Grand Parkway expansion project is spurring development across northwest Houston. When the 38-mile segment of State Highway 99, from U.S. Highway 290 to U.S. 59 north, is finished, the Grand Parkway will form a third outer loop around Houston, connecting the western suburb of Katy to Kingwood.

Even though both projects are still under development — scheduled for openings in late 2015 — they have already proven to be economic juggernauts for real estate across greater Houston. The two projects have fueled job creation as well as new homes, offices, mixed-used projects, hospitals and other development in previously inaccessible land across northwest Houston. The flurry of new development even has created a new northern submarket, dubbed the second Energy Corridor.
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