Howard Hughes Holdings Inc. (NYSE: HHH) broke ground yesterday on
The Ritz-Carlton Residences, The Woodlands, the new luxury
condominium project designed by Robert A.M. Stern Architects in the
acclaimed Howard Hughes community of The Woodlands®. Situated on
the last available large-scale residential site on Lake Woodlands,
The Ritz-Carlton Residences are designed to provide a personalized
and intimate residential experience that sets a new standard for
luxury living in Texas. Located 27 miles north of Downtown Houston
in a community that is consistently ranked one of the best places
to live in America, The Ritz-Carlton Residences has experienced
unprecedented sales momentum since being announced earlier this
year, with 69% of the homes pre-sold.
“The Ritz-Carlton Residences, The Woodlands is a
first-of-its-kind, ultra-luxury condo development on the shores of
Lake Woodlands, and the demand we have seen has been nothing short
of incredible as it continues to surpass expectations,” said David
O’Reilly, Chief Executive Officer of Howard Hughes. “The project
commenced its long-awaited pre-sales in late March and closed that
first quarter with more than half of its residences pre-sold at
prices per square foot never seen in the Houston market. Since that
time, sales have continued at a solid pace and set all-time highs
for the region. As we celebrate the 50th anniversary of The
Woodlands, we are also creating a vision for the next 50
years—anticipating evolving homebuyer preferences and providing our
residents and tenants with the highest quality of life in a
community with an unprecedented 35% of its acreage permanently
dedicated to open green space.”
The first stand-alone Ritz-Carlton condominiums in Texas, the
project exemplifies the signature style of Robert A.M. Stern
Architects, reflecting a sophisticated, timeless elegance through
its modern classicism and grand proportions, with each residence
meticulously designed to resemble a grand Texas estate. Balancing
generous spaces with more intimate areas, The Ritz-Carlton
Residences, The Woodlands offers an overall country-club atmosphere
that spans the project’s eight-acre site. The project features
approximately 15,000 square feet of expertly crafted, indoor
wellness experiences, complemented by three acres of outdoor
amenities including approximately 1,200 feet of lakefront shoreline
for the private use and enjoyment of owners.
Private sales appointments are available in the project’s
4,000-square-foot sales gallery located at the company’s
headquarters in The Woodlands. Douglas Elliman Development
Marketing is the exclusive listing brokerage for the project. For
more information or to schedule an appointment, please contact
sales.info@theresidencesatthewoodlands.com or visit The
Ritz-Carlton Residences, The Woodlands website.
About The Woodlands®The Woodlands, a
28,500-acre award-winning master planned community located 27 miles
north of Downtown Houston, is a vibrant regional business hub and
culturally rich community, continually ranked among the best places
to live in America. The Woodlands is home to 123,000 people, with
nearly 72,000 people working in the community, which offers an
unprecedented 35% of green space, leading the way among master
planned communities that practice environmental preservation. The
Woodlands has received numerous accolades including the Vision
Award, Development of Distinction from the Urban Land Institute;
three-time honoree of “Master Planned Community of the Year,”
four-time recipient of “Humanitarian of the Year” and “Trailblazer
of the Year” in 2018 by the Greater Houston Builders Association;
American Trails Developer Award; Environmental Planning Award from
the American Society of Landscape Architects, Texas Chapter Houston
Section. The Woodlands is a community of Howard Hughes, which
supports over 180 local causes in the Houston region through its
HHCares program. For more information,
visit www.thewoodlands.com. For additional details, find
us on Facebook, Instagram and X.
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 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.
The Ritz-Carlton Residences, The Woodlands are not owned,
developed or sold by The Ritz-Carlton Hotel Company, L.L.C. or its
affiliates (“Ritz-Carlton”). The Woodlands Land Development
Company, L.P., a Texas limited partnership, the Developer of
the project, has an agreement with Ritz-Carlton to use The
Ritz-Carlton marks under a license from Ritz-Carlton, which has not
confirmed the accuracy of any of the statements or
representations made herein. The termination of any such agreement
may require the removal of the Ritz-Carlton marks and prohibit its
use in the future by the project.
Contacts:
Howard Hughes Holdings Inc.Cristina Carlson, 646-822-6910Senior
Vice President, Head of Corporate
Communicationscristina.carlson@howardhughes.com
Investor Relations ContactHoward Hughes
Holdings Inc.Eric Holcomb, 281-475-2144Senior Vice President,
Investor Relationseric.holcomb@howardhughes.com
Photos accompanying this announcement are available at:
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