Leading Natural and Organic
Grocer to Anchor New Retail Center in Premier Las
Vegas Community
SUMMERLIN, Nev.,
Oct. 10,
2023 /PRNewswire/ -- Howard Hughes Holdings Inc.
(NYSE: HHH), developer of the Summerlin® community in
Las Vegas, announced today the
addition of a Whole Foods Market in Downtown Summerlin®,
the community's 400-acre walkable urban core. Whole Foods Market,
the nation's leading retailer of natural and organic
foods, will anchor a 7.4-acre, new retail center and serve as
a catalyst for the expansion of Downtown Summerlin.
"Whole Foods Market is known for its standards of excellence and
being an industry leader when it comes to natural and organic
foods, and we believe it is an ideal addition to the Summerlin
community," said Frank Stephan,
President of the Nevada Region for Howard Hughes. "The brand
exemplifies the high level of quality that our residents are
seeking, and that Howard Hughes is known to deliver."
Downtown Summerlin welcomes the fourth Whole Foods Market
location within the Howard Hughes portfolio—following openings in
Downtown Columbia® in
Maryland (2014), The Woodlands® in Texas (2015), and Ward Village® in Honolulu, Hawai'i (2018). This announcement
marks the launch in one of Howard
Hughes' fastest growing downtowns across the country.
Downtown Summerlin has entered a new chapter of dynamic growth,
with additional office, inline retail, and multifamily housing
options planned for the new retail center to be anchored by Whole
Foods Market.
The new retail center is being built to achieve LEED Silver
certification from the U.S. Green Building Council, reflecting
Downtown Summerlin's focus on sustainability and walkability.
Residents of the nearby luxury apartment communities of Tanager,
Tanager Echo, Constellation as well as adjacent neighborhoods will
enjoy pedestrian connectivity to Whole Foods Market via a
well-developed interior trail system as well as access to electric
vehicle charging stations.
Construction commenced in September with core and shell
completion for the new retail center slated for Q3 2024 at which
time Howard Hughes will turn spaces over to tenants for
buildouts.
Field Paoli Architects is the project's architect, and Nevada
General Construction is the general contractor.
About Summerlin®
Developed by Howard
Hughes, Summerlin began to take shape in 1990 and has ranked among
the country's top 10 best-selling master-planned communities for
more than two decades. Located along the western rim of the
Las Vegas valley, Summerlin
encompasses 22,500 acres with approximately 4,500 gross acres still
remaining to accommodate future growth, including infrastructure,
open space and common areas, all within the master plan. The
community is currently home to more than 120,000 residents who
enjoy an unparalleled list of amenities. These include more than
300 neighborhood and village parks, more than 200 completed miles
of trails, 26 public and private schools, 14 houses of worship, ten
golf courses, Downtown Summerlin®, shopping centers,
medical and cultural facilities, business parks and dozens of
actively selling floor plans. Homes, developed by the nation's
leading homebuilders, are available in a variety of styles–from
single-family homes to townhomes–priced from the $400,000s to more than $2.5 million. Summerlin is recognized as one of
the country's premier locations to raise a family and to operate a
business. It was named MPC of the Year for 2020 by the National
Home Builders Association. Visit www.summerlin.com for more
information.
About Howard Hughes Holdings Inc.
Howard Hughes
Holdings Inc. owns, manages, and develops commercial, residential,
and mixed-use real estate throughout the U.S. Its award-winning
assets include the country's preeminent portfolio of master planned
communities, as well as operating properties and development
opportunities including: the Seaport in New York City; Downtown Columbia® in Maryland; The
Woodlands®, Bridgeland® and The
Woodlands Hills® in the Greater Houston, Texas area;
Summerlin® in Las
Vegas; Ward
Village® in Honolulu, Hawaiʻi; and Teravalis™ in the
Greater Phoenix, Arizona area. The
Howard Hughes portfolio is strategically positioned to meet and
accelerate development based on market demand, resulting in one of
the strongest real estate platforms in the country. Dedicated to
innovative placemaking, the company is recognized for its ongoing
commitment to design excellence and to the cultural life of its
communities. Howard Hughes Holdings Inc. is traded on the New York
Stock Exchange as HHH. For additional information 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,"
"assume," "transform" 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 Howard Hughes Holding Inc.'s filings with the Securities
and Exchange Commission, including its Quarterly and Annual
Reports. Howard Hughes Holdings Inc. cautions you not to place
undue reliance on the forward-looking statements contained in this
release. Howard Hughes Holdings Inc. 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.
Media Contacts
Howard Hughes
Cristina
Carlson, 646-822-6910
Senior Vice President, Head of Corporate Communications
cristina.carlson@howardhughes.com
Eric Holcomb, 281-475-2144
Senior Vice President, Investor Relations
eric.holcomb@howardhughes.com
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SOURCE Howard Hughes Holdings Inc.
