Total Employment in the Midland area is expected to grow by 14% by 2015 with mining and professional services employment accounting for a substantial amount of the increase.
The planned Energy Tower will be a blend of office space, a five-star hotel, apartments, restaurants, stores and a public plaza. According to Bloomberg, the building will potentially be the tallest office building between Los Angeles and Dallas, and almost twice the height of anything in the Midland central business district. With Midland’s prosperous growth, the Tower is a progressive step toward building a vibrant and dynamic community downtown that will enhance the lives of the community, businesspeople and visitors alike.
With over three point three (3.3) million square feet of office space, Midland's Central Business District is the "Professional and Business Services Hub" of the Permian Basin. Class "A" office space - over two million square feet - is 98.8% occupied with available sites to provide opportunities for new development. Total employment in the Midland area is expected to grow by almost 14% by 2015 with mining and professional services employment accounting for a substantial amount of the increase.
Realizing that “Quality of Place” is a critical factor in attracting and retaining educated talent, the MDC has committed 30% of its revenue to the improvement of the Central Business District (CBD). The financial commitment of the MDC will stimulate private/public reinvestment; provide a catalyst for peripheral mixed-use developments (residential, retail, dining, and entertainment) and solidify the CBD’s status as the premier business center in the Permian Basin.
Centennial Plaza is located in the heart of the CBD adjacent to the conference center. Recent renovations has transformed the park from structured, intimate, and sometimes choreographed spaces into a more open and expanded design with updated walking surfaces, more lighting, re-energized, multi-colored lighted fountains and vertical water features. The new design softens downtown and gives the public the opportunity to experience a place full of fresh air, greenery and most important a gathering place for people of all walks of Midland life.
With 1,576,175 square feet of upscale office space, Claydesta Business Park located north of the CBD is home to companies such as Clayton Williams Energy, Chevron, and Apache Corporation. The complex includes multi-family housing, and retail. Greenfield sites are also available for new development. For more information on available sites and office space contact Mitch Malouf at 432-688-3000.