Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Houston-Galveston  + Apartments  | 
Houston's Exxon/Humble office tower to be converted to apartments

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.

Connect

Inside The Story

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

Step 1: Select Education
  • ◦Sale/Acquisition
  • ◦Development
New call-to-action