The work is already underway here. Crews this afternoon started putting up fencing and staking out where the new Chevron offices will be built.
The company says the 50-story, 1.7 million square-foot building, which was designed by HOK, will go up at 1600 Louisiana, next to Chevon's buildings at 1500 Louisiana and 1400 Smith. Chevron already had purchased the land, which is right now empty greenspace.
The company says it will be transformed into what they call an "urban campus" complete with indoor and outdoor common areas, dining facilities, fitness center and parking.
"This announcement really underscores Chevron's longterm committment to Houston, as well as Houston's role as the eipcenter of the global energy industry," Chevron's Russell Johnson said.
Chevron already employs 9,000 people in Houston. The company says the new building will mean over 1,700 new jobs, high-paying jobs.
"The jobs that we will create here over the next several years have an annual salary of about $110,000 a year," Johnson said.
Helping seal the deal was a $12 million grant from the Texas Enterprise Fund. Gov. Rick Perry says this is exactly what helps convince employers to choose Texas, telling us:
"The Texas model is a blueprint for job creation, and the investment Chevron is making in Houston with more than 1,700 high-paying jobs opens the door to significant opportunities for Texans and their families."
The building is expected to be finished by the first quarter of 2016.
The mayor's says this expansion is expected to have here on the economy.