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Apartment Conversion On Way for Empty Houston Skyscraper
It’s been vacant for eight years, but the one time headquarters of both Exxon and Humble Oil and one of Houston’s tallest buildings is on the way to becoming an apartment community. It’s not clear when the new owner will start work on the 606-foot-tall skyscraper. Realty News says that Shorenstein Properties bought the historic downtown skyscraper in 2013 and announced plans for extensive renovations. Shorenstein has reportedly since sold the property to a New York investment group affiliated with CMI Developers who has experience in redevelopment.
For more than half a century, the 43-story building has been a fixture on the downtown Houston skyline. Designed by Welton Becket and Associates, the skyscraper was built in 1963 and at the time was briefly considered the tallest building west of the Mississippi River.
Exxon moved out in 2015 following the construction of its new campus in Spring, Texas. It’s been vacant ever since.
- ◦Sale/Acquisition
- ◦Development
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3801 E MORELAND DR
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Learn MoreListing Status: Available Listing Type: Call for offers Price: $7,500,000 No. of Units: 78 Year Built: 2005 Lot Size: 77325 Acres Opportunity Zone: No Price per unit: $96,153
