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ENRON BREAKS GROUND ON NEW 40-STORY OFFICE TOWER
FOR IMMEDIATE RELEASE: Tuesday, July 13, 1999
HOUSTON – Enron broke ground today on a 40-story office tower that will significantly expand the energy and communications company’s headquarters in downtown Houston.
“This is an exciting day for Enron and for Houston,” said Kenneth L. Lay, chairman and CEO of Enron. “Enron’s rapid growth, which is expected to increase our Houston-based workforce by 1,200 to 1,800 additional employees by the time this new building is completed in late 2001, has made it necessary to undertake this expansion in Houston. In addition to accommodating our internal growth, this development also underscores Enron’s continued commitment to the revitalization of downtown Houston, which is so critical to the whole region.”
The 1.2-million-square-foot office building will be located on a full city block across from the existing Enron Building. In addition to the new office tower, Enron plans to construct a 1,300-space parking garage for its employees. The parking structure will be located on the half city block immediately east of the existing Enron Building. The two buildings and the parking garage will be connected by a proposed circular skywalk.
The new tower has been designed by Cesar Pelli & Associates, Inc., an internationally renowned architectural firm, headquartered in New Haven, Conn. The project development manager is Hines, an internationally recognized commercial real estate firm headquartered in Houston.
Enron Energy Services, a subsidiary of Enron that provides innovative energy outsourcing solutions for commercial and industrial customers, will manage the building’s energy infrastructure to optimize efficiency and guarantee significant future cost savings.
The new building will be designed with a tower complementary to the existing Enron Building. The seven-story base will include four 55,000-square-foot transaction floors, while the top 33 floors each will be approximately 25,000 square feet. The state-of-the-art transaction floors will have 14-foot ceilings and will be able to accommodate 500 transaction desks on each floor. The ground floor of the new building will include retail space and a 240-seat auditorium, and the second floor will include an extensive food court and other employee support services.
Enron is one of the world’s leading electricity, natural gas and communications companies. The company, which owns approximately $30 billion in energy and communications assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world and is developing a nationwide Internet-based communications network. Enron’s Internet address is www.enron.com, and the stock is traded under the ticker symbol, “ENE.”
Click here to download this press release in Microsoft Word format.
For additional information please contact:
Karen Denne
(713) 853-9757
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