urban909 Posted January 27, 2014 Share Posted January 27, 2014 (edited) I know it's (hopefully) going up next year, but here is a different vantage point: Edited January 27, 2014 by urban909 4 Quote Link to comment Share on other sites More sharing options...
JJxvi Posted January 27, 2014 Share Posted January 27, 2014 (edited) Chevron is not moving to Camp Strake. It would be suicide by professional employee mass exodus. If something Exxon did convinced them to do that then I salute the nefarious Exxon masterminds. Edited January 27, 2014 by JJxvi Quote Link to comment Share on other sites More sharing options...
JJxvi Posted January 27, 2014 Share Posted January 27, 2014 As for Shell, their current landlord seems busy building new office towers rather than worrying about filling the space of its major tenant. Quote Link to comment Share on other sites More sharing options...
Triton Posted January 27, 2014 Share Posted January 27, 2014 Chevron is not moving to Camp Strake. It would be suicide by professional employee mass exodus. If something Exxon did convinced them to do that then I salute the nefarious Exxon masterminds.The rumor hasn't been that Chevron is moving towards that area, it is Shell. As posted in another thread, Shell is wanting to build a campus between Conroe and the Woodlands and the rumor has been Camp Strake but nobody clearly knows at this point. And as said in the other thread, it's my opinion that Shell won't consolidate everyone in the Houston area to that campus... I have a feeling the campus will have a separate goal such a research, etc. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 27, 2014 Share Posted January 27, 2014 The rumor hasn't been that Chevron is moving towards that area, it is Shell. As posted in another thread, Shell is wanting to build a campus between Conroe and the Woodlands and the rumor has been Camp Strake but nobody clearly knows at this point. And as said in the other thread, it's my opinion that Shell won't consolidate everyone in the Houston area to that campus... I have a feeling the campus will have a separate goal such a research, etc. Actually, there has also been posted and discussed on this forum a rumor regarding Chevron building a campus out north, similarly-substantiated (that is to say not at all). 1 Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted January 27, 2014 Share Posted January 27, 2014 I still don't get why any company would move out to nowhere-land. Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted January 27, 2014 Share Posted January 27, 2014 I still don't get why any company would move out to nowhere-land.Its oil companies. Making you spend more on gas getting to work is a good thing 1 Quote Link to comment Share on other sites More sharing options...
ig2ba Posted January 27, 2014 Share Posted January 27, 2014 Its oil companies. Making you spend more on gas getting to work is a good thing Peanuts. And conspiracy theory talk too. If they wanted employees to spend more on gas, they wouldn't give employee discounts on gasoline, no matter what the size of the discount. Also, you'd have to drive at least 30 cars at 60 mph for an hour to waste the same amount of money in gas as the productivity of your average O&G company office worker. So no. 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted January 27, 2014 Share Posted January 27, 2014 Actually, there has also been posted and discussed on this forum a rumor regarding Chevron building a campus out north, similarly-substantiated (that is to say not at all).Really..... News to me. Who is saying this (Sorry, I'm sure someone first posted it here in this thread)? Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 27, 2014 Share Posted January 27, 2014 (edited) Really..... News to me. Who is saying this (Sorry, I'm sure someone first posted it here in this thread)? Yes. Posts #398, 402, 403 and 406 in this thread. And of course post #618. Edited January 27, 2014 by Houston19514 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted January 27, 2014 Share Posted January 27, 2014 Here's the quoteI have some new information on the Chevron deal. I have a source who's family is part of the limited finance partnership for the 58-story Energy Tower project in Midland. They are exceedingly wealthy and pretty clandestine on the details but here's what I have. His dad is a very well known businessman, philanthropist and investor. Take it for what it's worth:Chevron's downtown tower is in jeopardy and might be scrapped all together.Chevron has recently shopped Tower 1 and 2 (former Enron) to Texas Pacific. By recently, he means very recently (wasn't specific).Exxon, according to my source, has set the example and both Shell and Chevron have taken notice. According to 'him', Exxon has shown that it is cheaper to build in the burbs, with the ability to spread out and own adjacent parcels of land for later expansion than it is to build in the CBD. His words, not mine. This makes sense that Chevron would be looking for cheaper capital investment projects since they're Australian project is running way over budget.Btw, he also said the HQ of Exxon will relocate to the new campus in the next few years. He said this campus was built and designed strictly for that purpose. He also mentioned that a new high-rise of some sort will be erected near the campus as an "architectural marvel" when the HQ is relocated.Chevron appears to be far more interested in the Camp Strake parcel than what we are being lead on to believe. He couldn't give me much information due to the sensitivity of the discussions taking place. When asked on a scale of 1 to 10 how serious they are of abandoning both downtown buildings and scrapping the third, my source said "8." He had no details on a Shell relocation to Montgomery County. The info. might seem vague but it was like pulling teeth to get the aforementioned out of him. If you have any specific questions, perhaps you can send them over and I can ask him but there's no guarantee I can get you an answer.This is about as close to the horses mouth as you can get. Will try and dig for more info. later on. I just don't really know what probing questions to ask. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted January 27, 2014 Share Posted January 27, 2014 Here's the quote  Oh yes, of course. I'd almost forgotten about that gem. 2 Quote Link to comment Share on other sites More sharing options...
Triton Posted January 28, 2014 Share Posted January 28, 2014 Interesting. This is the first I've heard of a Chevron campus. Not to profess that I have connections everywhere in the oil industry, but I'll ask around and see if anyone else has heard anything. Quote Link to comment Share on other sites More sharing options...
Marcus Allen Posted January 28, 2014 Share Posted January 28, 2014 Hmmm. Interesting. Now, the question becomes where would it be located? There is a great swath of land off of Hwy 6 near SL, across from the airport. Maybe off of 290 across the fwy from Fairfield? Any thoughts? Quote Link to comment Share on other sites More sharing options...
htownproud Posted January 28, 2014 Share Posted January 28, 2014 Both Shell and Chevron are looking to relocate to the Houston suburb of Harligen. My buddy's dog litter mate told me. 5 Quote Link to comment Share on other sites More sharing options...
urbanize713 Posted January 28, 2014 Share Posted January 28, 2014 I heard Galveston is an attractive option so they can be closer to their off shore investments. 1 Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted January 28, 2014 Share Posted January 28, 2014 I heard they're going to build their own islands out in the gulf a la Dubai so they can monitor their offshore oil rigs. 1 Quote Link to comment Share on other sites More sharing options...
Avossos Posted January 28, 2014 Share Posted January 28, 2014 (edited) Back to the topic - it seems as shell will also be building a campus. They are renaming 2 Shell Plaza. That pretty much is proof they are vacating. Does Chevron have the balls to do their own thing and build their downtown campus?I certainly hope so. This trend sucks so much. Edited January 28, 2014 by Avossos Quote Link to comment Share on other sites More sharing options...
fernz Posted January 28, 2014 Share Posted January 28, 2014 (edited) Shell just completed two 12-story budings in the Energy Corridor. Would they be relocating employees there? Edited January 28, 2014 by fernz Quote Link to comment Share on other sites More sharing options...
CSOM Posted January 28, 2014 Share Posted January 28, 2014 No - separate businesses.  Two Shell will be vacated and Pennzoil Place has been vacated.  One Shell Plaza was recently renovated and nearly all CBD staff have been consolidated there. Shell just completed two 12-story budings in the Energy Corridor. Would they be relocating employees there? Quote Link to comment Share on other sites More sharing options...
ig2ba Posted January 28, 2014 Share Posted January 28, 2014 No - separate businesses.  Two Shell will be vacated and Pennzoil Place has been vacated.  One Shell Plaza was recently renovated and nearly all CBD staff have been consolidated there. For clarity's sake, which businesses? Quote Link to comment Share on other sites More sharing options...
Triton Posted January 28, 2014 Share Posted January 28, 2014 There seems to be a lot of "this moving here, this moving there." Wish we can get Nancy Sarnoff to set the facts straight. Quote Link to comment Share on other sites More sharing options...
swtsig Posted January 28, 2014 Share Posted January 28, 2014 There seems to be a lot of "this moving here, this moving there." Wish we can get Nancy Sarnoff to set the facts straight. you have better sources on this board than nancy. 4 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted January 28, 2014 Share Posted January 28, 2014 (edited) . Edited January 28, 2014 by cloud713 Quote Link to comment Share on other sites More sharing options...
Triton Posted January 28, 2014 Share Posted January 28, 2014 you have better sources on this board than nancy. ...only in very select areas of the real estate market. Since it is Nancy's actual job to report real estate news, I'm confident she has many more sources than I'll ever have. That is why I said what I said about Nancy.....I haven't heard anything on Chevron. And in my opinion, sources such as the Houston Chron are a lot more reputable than anyone on a forum, even myself. True, there are many people on this forum that have the inside scoop before news outlets ever cover it, it is still good to get confirmation from Biz Journals, Houston Chron, etc. Quote Link to comment Share on other sites More sharing options...
ig2ba Posted January 28, 2014 Share Posted January 28, 2014 you have better sources on this board than nancy. That's often true, but it's hard to tell the good sources from the bad ones. I tend to ignore the ones of the variety "I know a guy close to the business who wouldn't lie and is never wrong". 3 Quote Link to comment Share on other sites More sharing options...
Triton Posted January 28, 2014 Share Posted January 28, 2014 That's often true, but it's hard to tell the good sources from the bad ones. I tend to ignore the ones of the variety "I know a guy close to the business who wouldn't lie and is never wrong". Exactly.  Maybe I should just go with the ones who are consistently right. Quote Link to comment Share on other sites More sharing options...
arche_757 Posted January 28, 2014 Share Posted January 28, 2014 Chevron Tower = Houston's very own Tower of Babel. Quote Link to comment Share on other sites More sharing options...
Triton Posted January 28, 2014 Share Posted January 28, 2014 you have better sources on this board than nancy.I actually misread what you wrote. Disregard my "...only in very select areas of the real estate market" statement. Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted January 29, 2014 Share Posted January 29, 2014 ...only in very select areas of the real estate market. Since it is Nancy's actual job to report real estate news, I'm confident she has many more sources than I'll ever have. That is why I said what I said about Nancy.....I haven't heard anything on Chevron. And in my opinion, sources such as the Houston Chron are a lot more reputable than anyone on a forum, even myself. True, there are many people on this forum that have the inside scoop before news outlets ever cover it, it is still good to get confirmation from Biz Journals, Houston Chron, etc.I think he was referring to himself, and he is right. He doesnt disclose who he works for or what he does but hes always had the early scoop and hes never been wrong. 2 Quote Link to comment Share on other sites More sharing options...
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