The move, which affects most of the company's Houston-based office workers, will begin in 2014 and is expected to be completed in 2015.Childcare centerA team of architecture firms designed the project, which will include multiple low-rise office coach handbags 2011 buildings, a laboratory, conference and training centers and child care and wellness centers.While generating economic growth in one area, the consolidation could have negative ramifications as well.Exxon Mobil will vacate multiple Houston buildings, including a downtown skyscraper and properties in the Greenspoint area.The company occupies 16 percent of the office space located in the Greenspoint District. That amounts to 2.2 million square feet of space - much of which is concentrated in the Hines Greenspoint Plaza Complex.Jack Drake, president of the Greenspoint District, said he's not worried about filling the space Exxon Mobil will leave behind, and that he's been getting inquiries from shop online 2011 companies wanting to move into the company's space."Change begets opportunity and Greenspoint will likely become a more diversified market with a new group of tenants, and that's healthy," he said.Downtown, too, will feel the effects of Exxon Mobil's move. Exxon Mobil Corp. is consolidating thousands of Houston-area employees into an elaborate new campus being developed just south of The Woodlands — a move that could trigger a real estate boom in the surrounding area, but leave office buildings elsewhere scrambling for tenants.About 8,000 employees will relocate to the new facility to be built on a 385-acre site near the intersection of Interstate 45 and the Hardy Toll Road.The Irving-based oil giant has been preparing the heavily wooded site for months, but had not confirmed the project until early Tuesday when it notified employees in an email and later made a public announcement.The decision to consolidate was the result of a long-term study of the company's U.S. office space."There seems to be value in consolidating the employees in the Houston area," said spokesman Alan Jeffers, adding that the new space will provide a better working environment and the opportunity for more coach outlet store employee collaboration.The campus is expected to boost demand for housing, commercial development and office space nearby, strengthening the region spanning northern Harris County and southern Montgomery County."The impacts in this area are going to be substantial," said Houston economist Barton Smith.
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