ConocoPhillips unveils plans for Louisville campus

Date: Dec. 1st, 2009
Contact: Paula Moore Denver Business Journal Phone: 303-803-9232
ConocoPhillips Co. expects to occupy more than half of its planned, 2.5 million-square-foot renewable energy facility at the old StorageTek site in Louisville by 2013, according to an energy company plan recently submitted to the city.

The project’s initial phase will include roughly 1.6 million square feet of office, research and retail space plus a hotel to be used only by those with business at the facility.

The plan also said that over the next 20 years, the city of Louisville will gain $14.7 million, over its service costs, from the campus in property, sales and use taxes as well as other charges. Louisville stands to get an additional $10.2 million alone for its operating fund.

The plan includes a land-use application, timeline, zoning information and a preliminary planned unit design (PUD), according to the City of Louisville. Houston-based ConocoPhillips (NYSE: COP) presented the plan on Nov. 12.

The 350-acre ConocoPhillips property is located off U.S. 36 and across from the Interlocken office park in Broomfield.

The project will include four main areas: corporate learning center, global technology center, general office space and retail space that supports the three other elements. The project’s retail component will include short-term lodging for visiting employees and guests, food service and childcare facilities.

Wayne McCreesh, a corporate real estate supervisor with ConocoPhillips in Denver, said in a letter to Louisville Planning Director Paul Wood that the company envisions “an integrated campus approach” to the new facility.

The energy company bought the 432-acre StorageTek property for $55.6 million in early 2008, and recently finished demolishing the buildings there.

“We have designed our program … to provide appropriate flexibility in order to advance an integrated relationship among the various uses and resulting designs,” McCreesh wrote.

Highlights of ConocoPhillips plan, according to its submission:

• ConocoPhillips intends to buy an additional 30 acres by the end of 2009.

• The company expects to occupy the project’s first phase in 2013, and subsequent phases in 2018 and 2032. (The energy company has said in the past that as many as 7,000 people could be working at the campus by 2030.)

• Phase 1 is scheduled to include 472,650 square feet of office space, a 502,600-square-foot research center, 35,000-square-foot learning center, 120-room hotel for internal use only, dining and childcare facilities.

• Phase 2 to include another 135,600 square feet of research space.

• Phase 3 will consist of another roughly 300,000 square feet of office space and 437,450 square feet of additional research footage.

• Final development plans expected to be submitted toward the end of 2010.

• Construction to start in 2011.