Ripples are still being felt from the massive wave of movement from Exxon Mobil. A 35-acre site in the Energy Corridor is looking to reinvent itself after the giant's exit.
In a bold move, existing office space on the site will transform into a co-working location. The conference center will be reopened for public use, according to Realty News Report. Third Palm Capital, which bought the facility for $70M, had plans to develop the site into a major mixed-use project called Republic Square. The long-range plan —when completed in a decade or so—calls for Republic Square to include 2.6M SF of office space, 100k SF of retail and restaurant space, two hotels and 800 multifamily residential units. For the time being, it looks like co-working will have to do. [RNR]
