Chevron announced an expansion to its facilities in downtown Houston in a recent press release. The announcement said, “The 50-story, 1.7 million-square-foot building will be located at 1600 Louisiana Street at Pease. Together with Chevron’s existing properties at 1500 Louisiana and 1400 Smith, the buildings will comprise an urban campus with indoor and outdoor common areas, enhanced dining facilities, a fitness center, training and conference facilities, and additional parking.”
According to the company press release, Houston is headquarters to nine of its businesses and those businesses currently employ 9,000 employees and contractors in the Houston region.
The building, designed by HOK, will be located next to two other high-rise office buildings to create an urban campus. According to Bereket Haregot, president of Chevron’s Business and Real Estate Services division, “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.”
The project will receive a $12 million grant from the Texas enterprise fund, a fund designed to attract new and expanding business to the State of Texas. According to Governor Rick Perry in his press release about the project, "Employers looking to expand or relocate their businesses continue to choose Texas' strong job creation climate, low taxes, smart regulations, fair courts and skilled workforce. The Texas model is a blueprint for job creation, and the investment Chevron is making in Houston with more than 1,700 high-paying jobs opens the door to significant opportunities for Texans and their families."
The funding for the new building will be dedicated in the second quarter of 2014 and employees should be moving into the building in the 4th quarter of 2016.