The Springwoods/Exxon Campus required access from the Grand Parkway and North Freeway as well as internal thoroughfare access. The County entered into a public-to-public development agreement in support of the construction of $82,000,000 designated major thoroughfares and over-passes. This project encompassed 1,800 acres of land located at the Grand Parkway and North Freeway. The public-to-public partnership between HCID #18 and HCRDA accelerated the development and access to the 1,800 acres due to the construction of 100% of the thoroughfares that were needed to access the property from both the Grand Parkway and the North Freeway. The current value of the project is approaching $10B in less than 10 years. Estimated buildout is projected to 2025.
The Exxon Campus illustrates the scale of the major relocation that is equivalent to many Central Business Districts that are not located in a downtown. This project also demonstrates the importance of strategic economic incentives that yield highly resilient designed master-planned communities, job creation, housing, and new real property value.
Links to articles
https://corporate.exxonmobil.com/en/Locations/United-States/Houston-Campus
September 27, 2018
ExxonMobil’s state-of-the-art campus north of Houston serves as home to its Upstream, Downstream, Chemicals and XTO Energy companies and their associated service groups. The facility opened in 2014 and accommodates more than 10,000 employees and visitors.
The campus is located in Spring, Texas, on 385 wooded acres immediately to the west of Interstate Highway 45 (I-45), at the intersection of I-45 and the Hardy Toll Road, approximately 25 miles from the cultural vibrancy of downtown Houston.
