News Archive
ExxonMobil to expand advanced recycling capacity
November 20, 2024 - SPRING, Texas – ExxonMobil (NYSE: XOM) plans to invest more than $200 million to expand its advanced recycling operations at its sites in Baytown and Beaumont, Texas. The new operations are expected to start up in 2026 and can help increase advanced recycling rates and divert plastic from landfills....
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Council: $75M to finance Project Vector venue
November 20, 2024 - Baytown city council has declared that it will use the $75 million provided by ExxonMobil to design, construct, acquire, purchase equipment and improve a multi-purpose venue as part of Project Vector. Economic Development Manager Brian Moran said council’s approval was the first step of the process of potentially...
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Ikea warehouses in massive Baytown industrial park sell to Atlanta-based company
October 14, 2024 - Two Ikea-occupied warehouses in Baytown have a new owner.Atlanta-based real estate investment company MDH Partners acquired Cedar Port Ikea, a two-building, 996,482-square-foot industrial distribution center at 4762 and 4830 Borusan Road in the massive TGS Cedar Port Industrial Park near the Port of Houston.Houston-based Clay Development & Construction built the...
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Demolished Baytown Mall Rising Again as Mixed-Use Project
October 8, 2024 - Fidelis Realty Partners has broken ground on a project to redevelop the San Jacinto Mall. It was razed two years ago. To be called the San Jacinto Marketplace, the 105-acre mixed-use development at Interstate 10 and Garth Road will include a 550,000-square-foot shopping center with open green space, 10 anchor...
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Ground breaking at future San Jacinto Marketplace site
October 3, 2024 - A groundbreaking is usually the first sign that construction on a development is about to happen. This has now occurred at the site of the future San Jacinto Marketplace. Fidelis Realty Partners, accompanied by Baytown city officials, including Baytown Mayor Brandon Capetillo, celebrated the groundbreaking for the upcoming San...
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Abu Dhabi’s ADNOC to acquire German chemicals firm Covestro for $16.4 billion
September 30, 2024 - Abu Dhabi’s state-owned oil firm ADNOC on Tuesday said it has agreed to buy German chemicals firm Covestro for 14.7 billion euros ($16.4 billion).ADNOC, short for the Abu Dhabi National Oil Company, will launch a 62 euros-per-share voluntary public takeover that implies an equity value for Covestro of around 11.7 billion...
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Houston Methodist Baytown Hospital recognized as top performer by Vizient
September 26, 2024 - For the fourth consecutive year, Houston Methodist Baytown has been recognized as a top performer in the 2024 Bernard A. Birnbaum, MD, Quality Leadership annual rankings by Vizient Inc, which provides a national hospital scorecard focused on safety and quality metrics. This year, Houston Methodist Baytown secured the No. 3 top performer...
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Baytown Tortilla Maker Adding 60K-SF Facility
September 11, 2024 - If you love Mexican food, you can’t have too many tortillas. Baytown-based El Matador Foods is making sure you don’t run out. The company is investing $7.6 million to add a new building near its existing site.The project is phase one of a two-phase...
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Expansion of two master planned communities will bring nearly 600 homes to Houston’s suburbs
September 6, 2024 - Separate developers are starting new phases of residential developments, adding almost 600 homes in Hockley and Mont Belvieu.Jubilee, the health- and wellness-focused community by Houston-based Johnson Development about 35 miles northwest of downtown in Hockley, will deliver nearly 300 lots for the new Elation neighborhood this fall. Sales in the 1,62...
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Riceland announces Phase II groundbreaking: Official grand opening event set for September 21
September 5, 2024 - Houston-based developers, McGrath Real Estate Partners, marks another development milestone with the groundbreaking of Phase II of Riceland adding an additional 311 new home sites across an additional 138 acres and will include the Lakehouse Recreation Center and the development of Sweetgum Park.To mark this milestone, Riceland will hold its official...
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