Chevron puts downtown Houston building plans on hold
Updadted December 19, 2013
ABC 13 KTRK Houston
HOUSTON- California-based Chevron Corporation has put on hold its plans to build a new 50-story office tower in downtown Houston.
The company announced its July that it would build the tower near two others it owns downtown.
Chevron says it does not expect to make decisions on projects in Houston, Pennsylvania and California until after 2014.
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New skyscraper about to go up in downtown Houston
KTRK CBS 13 Eyewitness News
HOUSTON — Houston’s downtown skyline will soon be changing. That’s because Chevron announced on Wednesday plans to build a new office building there.
The company says the 50-story, 1.7 million square-foot building, which was designed by HOK, will go up at 1600 Louisiana, next to Chevon’s buildings at 1500 Louisiana and 1400 Smith.
According to the company, the three-building campus will have indoor and outdoor common areas, enhanced dining facilities, a fitness center and more.
“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, said in a press release announcing the new building. “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 is expected in the second quarter of 2014 with groundbreaking to follow. Occupancy is expected in the fourth quarter of 2016.
Chevron employs approximately 9,000 employees and contractors in Houston, where nine of its businesses are headquartered.
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This rendering of the three-building Chevron campus was released by HOK, the company designing the new 50-story building
Existing Houston Chevron campus
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The latest tall buildings built in Houston
2010 Hess Tower 490 ft/ 149 m 30-floors
2010 BG Group Place 630 ft/192 m 46-floors
2009 One Park Place 518 ft/ 158 m 37-floors
2009 2727 Kirby 401 ft/ 122 m 30-floors
2007 Memorial Hermann Medical Plaza 430 ft/ 131 m 28-floors
2003 Reliant Energy Plaza 518 ft/ 158 m 36-floors
2003 Calpine Center 453 ft/ 138 m 34-floors
2003 The Mercer West Tower 400 ft/ 122 m 30-floors
2002 1500 Louisiana Street 600 ft/ 183 m 40-floors
1987 Heritage Plaza 762 ft/ 232 m 53-floors
1984 1600 Smith Street (Continental Center I) 732 ft/ 223 m 53-floors
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The 1980s were Houston’s tall building boom days
In 1982 Houston had its tallest building built, the JPMorgan Chase Tower (formerly Texas Commerce Tower) standing 1,002 ft/305 m tall with 75 floors
In 1983 Houston built its 2nd tallest building The Wells Fargo Plaza (formerly the Allied Bank Plaza and First Interstate Bank Plaza) standing 992 ft / 302 m with 71 floors
In 1983 Houston built its 3nd tallest building The Williams Tower (formerly the Transco Tower) 901 ft/275 m with 64 floors
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Exxon Mobil campus overview
Site north of Houston taking shape, with room for workforce of 10,000
The Exxon Mobil campus north of Houston is taking shape.
Aerial photos show multiple buildings and parking garages being framed on the 386-acre site west of Interstate 45 near the Hardy Toll Road.
Exxon Mobil will transfer about 2,000 workers from outside Texas to its site near The Woodlands. Some 8,000 others will come from Houston-area sites.
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Video: Houston skyline
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Houston
City Population: 2.16 million
Houston- Metropolitan Combined Statistical Area Population: 6,371,677
Dilemma X 
July 3, 2013
Business, Did you know?