Energy Rivals Tech in Big Corporate Campuses
Amazon has one of the biggest urban corporate office campuses in the world and it receives considerable publicity. Down here in Houston, there is an energy giant that is quietly assembling a massive urban corporate campus in the Central Business District and it’s about to get bigger.
Chevron U.S.A. announced this week that it is planning to build a new downtown Houston skyscraper to accomodate it’s expanding Houston workforce. Chevron said it will build a 50-story tower with 1.7 million square feet at 1600 Louisiana St. at Pease. In 2004 Chevron acquired the 1.1 million square foot office tower at 1500 Louisiana once occupied by Enron and followed with the acquisition of 1400 Smith a 1.2 million square foot office tower in 2011. The third planned tower would expand Chevron’s footprint in downtown Houston to over 4 million square feet.
“This announcement underscores Chevron’s long-term commitment to Houston and its role as the epicenter of the global energy industry,” said Bereket Haregot, president of Chevron’s Business and Real Estate Services division. “Houston plays a vital and growing role in Chevron’s global business. The new building and expanded urban campus will provide a first-rate work environment for our employees and help us remain the employer of choice.”
Final investment decision for the project, designed by HOK, is expected in the second quarter of 2014. Groundbreaking will follow final investment decision, and occupancy is anticipated to begin in the fourth quarter of 2016. Chevron employs approximately 9,000 employees and contractors in Houston, where nine of its businesses are headquartered.
Energy Drives Corporate Campus Construction Boom
The Houston area already has one of the largest corporate office campuses in the world under construction by ExxonMobil. Interestingly enough neither Exxon-Mobil’s or Chevron’s corporate campuses will serve as their company’s corporate headquarters. On the West coast major corporate campus projects for Apple, Google and Facebook seem to get all the publicity, but down here in Houston when you take into consideration these massive energy company campuses and expansions for Anadarko Petroleum and Phillips 66 , the third coast takes a back seat to nobody.
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