“North of Houston Exxon is building a city where 5,000 people will work.”
That Exxon venture is just outside Montgomery County where it meets up with Harris County. I don’t think it is within Montgomery County, just a few miles outside it. I live in Montgomery County and the Exxon venture is about 12-14 miles from me. This area is a swell place to live and Exxon figured that out. That particular area will send people to my town to buy goods because we are not crowded with cars everywhere. I guess their cars are going to be added but it would be awhile before it could get crowded.
We considered selling our home and building a house in Montgomery. One of the lots we looked at was $36,000. And I wouldn’t call it “upscale”. So, we’re staying where we are.
Exxon is causing home prices to skyrocket in The Woodlands. Homes that wouldn’t sell a year ago for $250,000 are now selling like hotcakes for $300,000.
To me it’s strange. You drive down I45 and look over at the construction and it’s like an Emerald City. Entire freeway ramps are being built just for Exxon.
On Hwy 249 south of Tomball is Noble Energy. They bought the Hewlet Packard campus and are building more buildings. That area is booming.