Chevron Phillips Chemical's old headquarters building, located at 10001 Six Pines Drive in The Woodlands, Texas, was valued at $30 million by the Montgomery Central Appraisal District. The building was sold to Howard Hughes Holdings, the developer of The Woodlands, in June 2024 for $19.2 million. The building has 142,000 square feet of space. The company has since moved its global headquarters to a new location at 9500 Lakeside Blvd. in The Woodlands.
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@bq A boat, pickleball court, butterfly garden, cross fit trailer and state of the art gym was all necessary? Is any work getting done? I don't see how this helps turn a profit for the company.
@bq Especially if you get rid of a third of those costs…
@a2 the ball was set in motion with the previous two CEOs. Times were different when they went down that path. However, you can't just look at 1 building but at the multiple buildings that CPChem had over spilled into. It truly saved money for the company when bringing all costs under one roof.
@OP who at Cpchem was behind the push to have the new HQ? Just curious, the old building wasn't perfect. Does anyone know who deemed the change necessary?
@OP new build cost $60 mil