Project Description
Oliver CRE
The Woodlands, Texas
The Woodlands is a master planned community and census-designated place (CDP) in the U.S. state of Texas in the Houston–The Woodlands–Sugar Land metropolitan area. It is primarily located in Montgomery County, with portions extending into Harris County. As of the 2010 census, the CDP population was 93,847,[3] up from 55,649 at the 2000 census.[6] In 2018, the Howard Hughes Corporation estimated the population to be 116,278.[7] The Woodlands is 28 miles (45 km) north of Houston along Interstate 45. Though it began as an exurban development and a bedroom community, it has also attracted corporations and has several corporate campuses, most notably Chevron Phillips Chemical, Huntsman Corporation, Woodforest National Bank, Baker Hughes, McDermott International, McKesson Corporation, Aon plc, Maersk Line, Safmarine, and Halliburton. It won a Special Award for Excellence in 1994 from the Urban Land Institute.[8]
By 2000 a significant amount of corporate office space was under construction. Of the 4,800,000 square feet (450,000 m2) of office space under construction in Greater Houston, over one third was in The Woodlands.[32]
On February 11, 1999 Anadarko Petroleum announced that it would purchase a 7.5-acre (30,000 m2) tract from The Woodlands Land Company, to build a 800,000-square-foot (74,000 m2), 32-story headquarters building, to open in mid-2002.[33] As of 2000 the Anadarko building was the largest office project in The Woodlands.[32]
In January 2012, Anadarko announced the imminent construction of a sister tower on site, 31 stories high, of which ten will be for parking. According to a press release from the company, site work had already begun and construction of the tower would be complete by 2014. The building is at the corner of Woodloch Forest Dr and Lake Robbins Dr. With its completed sister tower, it is the tallest building in Montgomery County and between Houston and Dallas.
Chicago Bridge & Iron‘s (CB&I) worldwide administrative office was in The Woodlands.[34] In 2018 McDermott International, which acquired CB&I, announced that it would sell the headquarters facility in The Woodlands to Howard Hughes Corporation.[35]
In 2000, work began on a 100,000 square feet (9,300 m2) building for Maersk Sealand.[32]
In 2011, ExxonMobil announced plans to construct a new complex on a 385-acre plot of land near the intersection of the Hardy Toll Road and Interstate 45, which is in the Houston ETJ and might be annexed by Houston. About 10,000 employees in the Houston area will relocate to the campus starting in 2014, with full occupancy by 2015.[36]
Other companies based in The Woodlands include Woodforest National Bank, Lexicon Pharmaceuticals, McKesson Corporation, Tetra Technologies, Rigaku, Cleaning Solutions, and Kroger Texas.
Many wealthy Mexicans who settled in The Woodlands due to rising crime in Mexico had also established businesses in The Woodlands.[37]
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