Chevron puts downtown tower on hold

HOUSTON — The downtown skyscraper project that Chevron announced this summer has been put on hold, the oil company said Thursday.

The 50-story tower was planned to rise at 1600 Louisiana Street, near Chevron’s other downtown buildings, to house its growing Houston workforce. Now a decision on when to move forward with the project won’t come until 2014, Chevron spokesman Justin Higgs said.

Read more about the status of the Chevron tower on our sister real estate blog, Prime Property.

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