Jump to content
Dakota79

The RO: Mixed-Use Development for ExxonMobil's Former Research Campus (W Alabama and Buffalo Speedway)

Recommended Posts

I hope someone keeps it and puts it to good use. It's a very nice mid-century modern building. The addition by Page Southerland Page isn't that bad either.

  • Like 2

Share this post


Link to post
Share on other sites

This site, combined with the vacant building and parking lot at the NW corner of Buffalo Speedway and Richmond, have the potential to be developed into something really great.  He is right when he says this tract is one of the largest and most desirable in-fill locations left in Houston.   

  • Like 2

Share this post


Link to post
Share on other sites

I hope someone keeps it and puts it to good use. It's a very nice mid-century modern building. The addition by Page Southerland Page isn't that bad either.

 

The dad of a kid on my son's baseball team last year works in that building. He said it's pretty grim on the inside. No light, because the windows are high on the walls, which also means there's no view, and the typical 50's layout that's a real pain these days.

 

  • Like 2

Share this post


Link to post
Share on other sites

Too bad St Johns grabbed all the land across the street. It could've been a great new dense development.

It will be dense development, depending on what "dense" is. St. John's currently has some major expansion going on at its campus.

 

The disappearance of this building and the Shell lab in Bellaire mark the passing of an era. Kind of like the closure of the HAL-PC club. :(

  • Like 2

Share this post


Link to post
Share on other sites

A family member once witnessed the Exxon maintenance folks clearing out a space, so it could be remodeled. One the executives was walking by the dumpster on the way out, stopped and peered inside, then joked to another saying "Well, there goes another load of research!".

  • Like 2

Share this post


Link to post
Share on other sites

http://swamplot.com/new-owner-of-exxons-buffalo-spdwy-research-campus-knocking-out-exterior-defenses-this-week/2017-02-28/

 

New Owner of Exxon’s Buffalo Spdwy. Research Campus Knocking Out Exterior Defenses This Week

 

PIECES OF THE fencing surrounding the MacKie and Kamrath-designedExxonMobil Upstream Research facility on Buffalo Spdwy. were spotted sprawled out on the grass yesterday along the campus perimeter after being plucked from their stations; more barriers are getting yanked up this morning, as seen in the second shot above. The property (which appears to have been transferred to the nonprofit Exxon Foundation in 2015 after the oil giant’s plans to offload the site were announced) was  sold this month to an entity directing its mail to real estate investment and development firm Spear Street Capital. A couple of readers report that other major shuffling around and cleaning out appear to have been going on at the facility for at least the last few weeks, with vehicles bearing the Precision Demolition logo making periodic guest appearances on the scene.

 

3102-buffalo-spdwy-6.jpg

 

3102-buffalo-spdwy-4.jpg

  • Like 6

Share this post


Link to post
Share on other sites
2 hours ago, ArtNsf said:

and so we say "good riddance" to another bit of history, not necessarily all that great of a history IMHO...

You didn't like the building, or you didn't like the former owner? The building was blah to me, but the research done there, as told to me by people in the know was pretty amazing.

Share this post


Link to post
Share on other sites

the research and economic impact is all that I liked.  extreme distaste for the building and the former owner/owners. 

  • Like 2

Share this post


Link to post
Share on other sites

I couldn't find the thread about this using the search, but if there is an existing one, please merge mods.


The ExxonMobil Upstream Research Company Campus at 3120 Buffalo Speedway may become a mixed-use.

One article about it in 2014:
 

Located at 3120 Buffalo Speedway at West Alabama Street, the ExxonMobil Upstream Research Company headquarters is situated on 16.8 acres. It’s just south of River Oaks and north of Greenway Plaza. The facility features a six-story, 450,000-square-foot, single-tenant office building; a 100,000-square-foot training center; 13 auxiliary buildings and a large parking structure.
 

The site has a significant amount of green space, lawns and large oaks. The buyer will demolish the buildings and develop high-rise office and residential towers, primarily. But some retail could be included.


http://realtynewsreport.com/2014/07/31/200-million-dirt-exxon-mobil-selling-off-premier-infill-site-in-houston-with-jll/


More in 2016:
http://www.chron.com/business/real-estate/article/Exxon-Mobil-selling-urban-office-site-6788296.php#photo-6662851


Pictures from Houston Chronicle

0UB2q0o.jpg

1FVFAQQ.jpg

Edited by CrockpotandGravel
  • Like 2

Share this post


Link to post
Share on other sites

From Swamplot in January on the ExxonMobil Upstream Research Company Campus at 3120 Buffalo Speedway

The property (which appears to have been transferred to the nonprofit Exxon Foundation in 2015 after the oil giant’s plans to offload the site were announced) was  sold this month to an entity directing its mail to real estate investment and development firm Spear Street Capital. A couple of readers report that other major shuffling around and cleaning out appear to have been going on at the facility for at least the last few weeks, with vehicles bearing the Precision Demolition logo making periodic guest appearances on the scene.

FUQZ8V6.jpg

I5vcLmg.jpg


DtaTbGX.jpg


RAqmWVr.jpg

http://swamplot.com/new-owner-of-exxons-buffalo-spdwy-research-campus-knocking-out-exterior-defenses-this-week/2017-02-28/

 

 

More from Houston Chronicle in March
http://www.houstonchronicle.com/business/real-estate/article/Exxon-Mobil-property-near-Greenway-Plaza-gets-new-10994080.php

Edited by CrockpotandGravel
  • Like 2

Share this post


Link to post
Share on other sites

Does anyone know if mixed-use is being planned here still? If yes, any details? The only updated detail I saw was this from an April newsletter, repeating what's been reported before:

Spear Street Capital plans to redevelop former Exxon Mobil Upstream Research Co. HQ, 16.88 acres located at 3120 Buffolo Speedway, into office, retail & urban residential buildings. The site includes a 6-story, 450,000 sf, single-tenant office building, 100,000 sf training center, 13 auxiliary buildings & a large parking structure.

https://issuu.com/rednews/docs/rednews_april_2017
 

  • Like 2

Share this post


Link to post
Share on other sites

Solid design. Looks like that's at the corner of Buffalo Speedway and W Alabama. Maybe that's a parking garage north west side? Given how large this property is, there's definitely more to it than this. The shaded structures to the south are probably TBD. 

  • Like 3

Share this post


Link to post
Share on other sites
1 hour ago, LBC2HTX said:

Solid design. Looks like that's at the corner of Buffalo Speedway and W Alabama. Maybe that's a parking garage north west side? Given how large this property is, there's definitely more to it than this. The shaded structures to the south are probably TBD. 

 

This was my thinking as well. The perspective indicates that this phase will start on Buffalo Speedway and W Alabama. The project as it looks now definitely makes it one the more interesting developments in this town right next to Gillette. 

  • Like 1

Share this post


Link to post
Share on other sites

What an awesome day.  Seeing the renders for this and the AU Midtown project.

 

Wonder if the RO will be considered "apart" of Greenway Plaza? It's so close

  • Like 2

Share this post


Link to post
Share on other sites

I'm guessing that "The RO" stands for "The River Oaks". 

 

While Greenway Plaza doesn't have official boundaries, I consider this apart of it. What's more is that Greenway Plaza and Upper Kirby are increasingly merging into each other due to all these developments. 

 

A mixed use use with multiple high rises at the intersection of 59/Kirby will go a long way in blending the two clusters together. Hopefully the plans for that site are still there to eventually happen. 

Edited by Sellanious Caesar
  • Like 2

Share this post


Link to post
Share on other sites

Parkway does not include Twenty Greenway Plaza as apart of the Greenway campus. I'm always confused.  Where are buildings 13 - 19?  CBRE has Twenty Greenway Plaza, is that why Parkway does not mention it?

http://www.greenwayplaza.com/

http://www.greenwayplaza.pky.com/property-info-greenway

 

E7Ltau9.jpg

 

I'd also personally include the newly built 3737 Buffalo Speedway.  It's a Class-A office building down the street from the campus.

  • Like 1

Share this post


Link to post
Share on other sites
On 2/22/2018 at 6:16 PM, Urbannizer said:

SSC has removed The RO from their Owned Assets page.

 

So the renderings we see are just a Dream?

Share this post


Link to post
Share on other sites

I do like this rendering. Maybe I'm too picky but the single word "apart" means separate or different from as in "Keep those two dogs apart; they do not get along." If Twitter1 is asking if the development is a part (a constituent of) Greenway Plaza I would say no. It is interesting that Twitter1 put quotes around "apart." Maybe he or she was just baiting someone like me, a grammar obsessive/compulsive. :)

 

I also share confusion about which buildings are and are not a part of Greenway Plaza. The residential towers west of Timmons have the 77046 zip code and I was told at one time that Phoenix tower was not a part of GP but was apart from it. :huh:

  • Like 1

Share this post


Link to post
Share on other sites

Drove by this morning.  Hard to take photos of the lot considering the project fence.  It's such a huge area though! Going to be amazing to see it transform over the next decade.

  • Like 1

Share this post


Link to post
Share on other sites
22 minutes ago, SkylineView said:

Other GWP buildings (when originally numbered) include(d) the two condo's, the Koch building, and stuff all the way down to Wesleyan @ 59.

 

LINK

 Thanks for posting that link, Skyline. I do remember that map. The Kock building was known as Innova at one time. I know that there have been different property managers of GWP over the years and perhaps a sale or two. Maybe that is what accounts for some buildings no longer being included in the development. At any rate, the proposed development at Alabama and Buffalo Speedway looks really great. I hope it is realized much the way it appears in the rendering.

  • Like 2

Share this post


Link to post
Share on other sites
On 2/24/2018 at 1:39 PM, Specwriter said:

I do like this rendering. Maybe I'm too picky but the single word "apart" means separate or different from as in "Keep those two dogs apart; they do not get along." If Twitter1 is asking if the development is a part (a constituent of) Greenway Plaza I would say no. It is interesting that Twitter1 put quotes around "apart." Maybe he or she was just baiting someone like me, a grammar obsessive/compulsive. :)

 

I also share confusion about which buildings are and are not a part of Greenway Plaza. The residential towers west of Timmons have the 77046 zip code and I was told at one time that Phoenix tower was not a part of GP but was apart from it. :huh:

 

Maybe the best answer is that it's in the Greenway area.

  • Like 2
  • Thanks 1

Share this post


Link to post
Share on other sites

20 GW is not owned by Parkway and thus not part of "Greenway proper". Same with 24 Greenway (Weslayan Tower).

  • Like 1

Share this post


Link to post
Share on other sites

Drive by this every day.  If goes as planned it's going to be intense!

 

Just noticed the land in the corner of the photo I took

CZU7Dc0.jpg

  • Like 4

Share this post


Link to post
Share on other sites

To break ground in 2019, Per HBJ Article this morning:

 

When California-based Spear Street Capital, a commercial real estate investment and development firm, came into the Houston market in 2017, it set off a flurry of office investment activity in the Bayou City. The company has since bought office towers in downtown, Uptown and west Houston, as well as a joint venture with Houston-based Transwestern Development Co. at the site of an old Exxon campus on Buffalo Speedway.

The project with Transwestern will be a mixed-use development known as The Ro, which will break ground in 2019, according to marketing materials from Transwestern and Spear Street. Transwestern confirmed the information but declined to comment further. The Ro will be built on 16.88 acres at 3120 Buffalo Speedway, just half a block away from Greenway Plaza and a few blocks away from River Oaks.

Tranwestern and Spear Street bought the tract in a partnership in March 2017. Later that month, Spear Street's John Grassi shared more details on the project with the Houston Business Journal.

"You can imagine some nice retail users, some nice multifamily users," Grassi said in March 2017. "Even in these tough times, you can imagine a nice office use as well — something a little more creative in appearance and something more boutique-y that would fit with the neighborhood demographics."

Grassi also said at the time that the project's development could take a while. Spear Street didn't return requests for comment.

The old Exxon campus was comprised of a six-story, 450,000-square-foot, single-tenant office building, a 100,000-square-foot training center, 13 auxiliary buildings and a large parking structure.

In January 2017, Spear Street bought the three aforementioned Houston office properties: 5 Houston Center, Energy Center I and 515 Post Oak Boulevard. The 1.2 million-square-foot deal was valued at $272 million, according to a release from seller Atlanta-based Columbia Property Trust Inc. (NYSE: CXP). Spear Street has since begun renovating 5 Houston Center.

  • Like 5

Share this post


Link to post
Share on other sites

How long does the one-story building on the NW corner of Buffalo Speedway and Richmond survive before a developer snatches it up?

Edited by lockmat

Share this post


Link to post
Share on other sites

Featured in This Week's Houston Deal Sheet by Bisnow.

Quote

Transwestern Development Co. and Spear Street Capital are building a mixed-use project at the former Exxon Mobil Campus on 16.9 acres at 3120 Buffalo Speedway. It will likely include a mid-rise residential building, an approximately 275K SF office building and retail, the Houston Business Journal reports.

https://www.bisnow.com/houston/news/deal-sheet/this-weeks-houston-deal-sheet-90006

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...