Exxon Mobil Campus to Open Real Estate Floodgates

Next year, Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM) will start phasing its 10,000 employees into the new corporate campus in Springwoods Village.

That means thousands of new homeowners flocking to the area.

 Courtesy of PDR Corp. A rendering of a quad on Exxon Mobil Corp.'s new corporate campus in Springwoods Village.

Courtesy of PDR Corp.
A rendering of a quad on Exxon Mobil Corp.’s new corporate campus in Springwoods Village.

Developers such as The Woodlands Development Co., Houston-based Johnson Development Corp. and Spring-based CDC Houston Inc. are scooping up land and building out housing as quickly as builders can lay bricks — but as soon as next year, we may start to see new submarkets emerge as a direct result of the campus.

Exxon Mobil recently released more details on its campus, showcasing the magnitude and scope. It will consist of about 20 office and specialty buildings, which are designed around a central three-acre common, modeled after public squares found in Europe and the U.S.

Other facilities include a town hall and auditorium, executive offices and meeting rooms, elegant and causal dining venues, interactive digital displays and a lower-level outdoor plaza that can host up to 3,500 people for special events.

A 10,000-square-foot wellness center will support the fitness needs of employees and include training rooms with assisted free weights, weight machines, treadmills, a basketball court and other exercise options. The campus will also feature an on-site child development center providing childcare and early education services for children 6 weeks old to pre-kindergarten. The center has a capacity for about 300 children in 19 classrooms.

“From the start, the campus was designed and is being built for the people who are going to use it,” Bryan Milton, president of Exxon Mobil Global Services Co., said in Exxon’s recent newsletter to investors, The Lamp.

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