Hughes Landing to Include Office Buildings, Retail, Hotel,
Multi-Family Residential
The
Howard Hughes Corporation (NYSE:HHC) announced today that The
Woodlands Development Company (TWDC), a wholly-owned subsidiary,
will begin construction of a 66-acre mixed-use development called Hughes
Landing at Lake Woodlands. Hughes Landing is envisioned to be a dynamic
destination, with up to eight office buildings, a boutique hotel,
numerous retail and entertainment venues offering high-end specialty
stores and multi-family residential housing.
An artist's rendering of One Hughes Landing, a new LEED Silver 195,227-square-foot Class A office building that will be the first new construction at Hughes Landing at Lake Woodlands, a 66-acre mixed-use development. (Photo: Business Wire)
“Hughes Landing is well-situated at the upper east end of Lake
Woodlands, just north of the well-established East Shore residential
community,” said Paul Layne, executive vice president of master-planned
communities for The Howard Hughes Corporation. “Panoramic lake views and
a planned boardwalk and pier will create a cosmopolitan,
pedestrian-friendly setting where people will enjoy the opportunity to
live, work, shop, dine and be entertained.”
Construction of the first office building, One Hughes Landing, is
scheduled to begin this fall, with completion planned for the fourth
quarter of 2013. Planned to be LEED Silver certified, the eight-story,
195,227-square-foot Class A building is being designed by Gensler of
Houston.
“There is clearly a strong demand for office space in The Woodlands,
with our newest building, 3 Waterway Square, already 90% leased prior to
opening next June,” Layne said. “We are confident that the Hughes
Landing project, with an abundance of activities for office workers,
visitors and residents, will be another great success.”
3 Waterway Square Place is a 232,000-square-foot Class A building
situated in The Waterway Square District in Town Center. Major tenants
include Nexeo Solutions (106,710 square feet), Waste Connections (49,881
square feet), Energy Alloys (37,375 square feet), Next Decade (8,291
square feet) and Insperity (6,576 square feet). Several retail
businesses have expressed interest in space on The Waterway Square level
of the building.
TWDC is being represented by Robert S. Parsley and Norman V. Munoz of
Colliers International for the leasing of 3 Waterway Square and One
Hughes Landing.
About The Woodlands
The Woodlands is a 28,000-acre master-planned community located 27 miles
north of downtown Houston. Throughout its 38-year history, The Woodlands
has led the way among master-planned communities that practice
environmental preservation. It is home to more than 102,000 people, and
nearly 50,000 people work in the community. The Woodlands is ranked the
#1 Top-Selling Master-Planned Community in Texas and #2 in the U.S. by
RCLCO, based on 2011 new home sales. For more information, visit www.thewoodlands.com.
About The Howard Hughes Corporation
The Howard Hughes Corporation owns, manages and develops commercial,
residential and mixed-use real estate throughout the country. Created
from a selected subset of 34 assets, the company’s properties include
master-planned communities, operating properties, development
opportunities and other unique assets spanning 18 states from New York
to Hawaii. The Howard Hughes Corporation is traded on the New York Stock
Exchange as HHC, and is headquartered in Dallas, Texas. For more
information about HHC, visit www.howardhughes.com.
Safe Harbor Statement
Statements made in this press release that are not historical facts,
including statements accompanied by words such as “will,” “believe,”
“expect,” “enables,” “realize”, “plan,” “intend” and other words of
similar expression, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements
are based on management’s expectations, estimates, assumptions, and
projections as of the date of this release and are not guarantees of
future performance. Actual results may differ materially from those
expressed or implied in these statements. Factors that could cause
actual results to differ materially are set forth as risk factors in The
Howard Hughes Corporation’s filings with the Securities and Exchange
Commission, including its Quarterly and Annual Reports. The Howard
Hughes Corporation cautions you not to place undue reliance on the
forward-looking statements contained in this release. The Howard Hughes
Corporation does not undertake any obligation to publicly update or
revise any forward-looking statements to reflect future events,
information or circumstances that arise after the date of this release.
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