HOUSTON – The gigantic new Exxon Mobil campus, scheduled to open its first office building next month, continues to generate activity on the north side of Houston.
The latest: Woodbine Development and InterMountain Management (IMM) announced they have purchased 3.25 acres in Springwoods Village to develop an extended-stay hotel. The new hotel, a 128-room Residence Inn, is scheduled to open in summer 2015 and is the first of three select-service hotels Woodbine will develop in Springwoods Village.
As first reported in 2009 in an exclusive story by Houston real estate editor Ralph Bivins, Exxon Mobil scouted out a 400-acre site in north Harris County, just east of Interstate 45. That parcel of land has become the site of what is believed to be the largest non-government construction project in the nation. Exxon Mobil is building 20 buildings with 3 million sf.
Having Exxon Mobil as an anchor is beneficial to the CDC Houston, the developer of Springwoods Village.
Currently in the design phase, Residence Inn will serve the ExxonMobil campus, Southwestern Energy headquarters and other employers in the area, and will be the third project developed by Woodbine and IMM since the companies joined forces in 2012. Woodbine, known for its extensive hospitality and mixed-use projects, also plans to develop a full-service hotel in Springwoods Village’s Town Center.
“With several planned hotels, Springwoods Village will help stimulate a new hotel submarket to accommodate the needs of the rapidly expanding employment center in the north Harris County,” said Keith Simon, executive vice president of CDC Houston. “The development of Residence Inn is the first step in our strategy to provide a range of hotel products at different price points within walking distance of work centers.”
Other members of the Residence Inn development team include GH2 Hospitality Architects of Tulsa; Walter P Moore Engineers of Tulsa; Precision Engineering of Tulsa and DCI Engineers of Austin.