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Press Release

Jan 11, 2018 13:43 UTC

Ward Village® Named “Master Planned Community of the Year” by the National Association of Home Builders

DALLAS--(Business Wire)--The Howard Hughes Corporation® (NYSE: HHC) announced today that Ward Village®, its 60-acre master planned community in Honolulu’s urban core, was named “Master Planned Community of the Year” at The Nationals℠ Awards gala held on January 9 in Orlando, Florida. Presented by The National Association of Home Builders (NAHB), The Nationals℠ pay tribute to superior new home design, marketing and sales achievements. Ward Village received top honors, being recognized for its revitalization of a formerly underutilized industrial area into one of the most sought-after communities in the nation.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180111005539/en/

Ward Village® team at The Nationals℠ Awards gala held on January 9 in Orlando, Florida. (Photo: Busi ...

Ward Village® team at The Nationals℠ Awards gala held on January 9 in Orlando, Florida. (Photo: Business Wire)

“These awards are a testament to our vision of creating the most dynamic communities in the country with a distinct sense of place,” said David R. Weinreb, Chief Executive Officer of The Howard Hughes Corporation. “Our vision for Ward Village has been to create a community that will be recognized among the leading urban master plans in the world and it is very rewarding to see our vision become a reality.”

At full build-out, the 60-acre community will consist of more than 4,500 residences and approximately one million square feet of retail space. Since beginning sales in 2014, Ward Village has reached a near sellout of homes from its four towers either delivered or under construction—Waiea®, Anaha®, Ae`o®, and Ke Kilohana—whose contracted sales have collectively exceeded 93 percent. Momentum is expected to continue through 2018, with the state’s largest Whole Foods Market, as well as the first O’ahu location of the acclaimed restaurant Merriman’s both slated to open during the year.

This most recent recognition as “Master Planned Community of the Year” comes on the heels of Ward Village being named “Best-Planned Community in the United States” by Architectural Digest, and the “Best On-the-Boards Mixed Use Project” and “Best Community Site Plan” at the 54th Annual Gold Nugget Awards presented by PCBC, the largest annual homebuilding trade show in the Western United States.

The development also received Gold awards for “Best Landscape Design of a Master Plan” and “Best Sales/Welcome Center.” Waiea, the residential condominium tower at Ward Village designed by renowned Canadian architect James K. M. Cheng, received Silver for “Best Architectural Design of an Attached Community.”

Summerlin® and Bridgeland®, two additional developments that help comprise the company’s preeminent portfolio of master planned communities, were also honored.

Reverence Village in Summerlin, the 22,500-acre master planned community along the western rim of the Las Vegas Valley, received the Silver award for “Master Planned Community of the Year.” This latest award follows Summerlin’s recent #4 ranking on the list of best-selling MPCs by RCLCO and a year of milestone development and robust sales of new homes.

Bridgeland, northwest Houston’s premier master planned community, was recognized with four Silver awards including “Best Landscape of a Master Plan.” With more than 3,000 acres dedicated to lakes, trails and parks, the community is notable for its goal to conserve and enhance the natural environment and seamlessly integrate the landscape into a highly desirable live-work-play lifestyle.

About Ward Village®

Being developed by The Howard Hughes Corporation®, Ward Village is a 60-acre coastal master-planned community in the heart of Honolulu located between downtown and Waikīkī in the Kaka'ako district. Ward Village is at the forefront of sustainable community development, integrating significant architecture, local culture, and public amenities. New tree-lined sidewalks and bike lanes provide access to an over 100-acre public beach park and the Kewalo Harbor. Since beginning sales in 2014, Ward Village has sold more than 1,300 homes. At full build-out, the community will consist of more than 4,500 residences and approximately one million square feet of retail space.

Ward Village includes four mixed-use residential towers—Waiea®, Anaha®, Ae`o®, and Ke Kilohana—that are revitalizing the popular shopping and dining district into a vibrant neighborhood that offers ocean views and a thoughtfully curated mix of retail experiences set among walkable open spaces. The recent launch of sales at ‘A‘ali‘i continues to expand the selection of new homes at Ward Village; ‘A‘ali‘i sits at the top of the Central Plaza, which will serve as a key public gathering and activation space for the community. Art and culture play an integral role at Ward Village, which was the home of the inaugural Honolulu Biennial in 2017. Public art is highlighted throughout the neighborhood, including large-scale wall murals, sculptures and locally-inspired exhibits.

Ward Village is Hawai‘i’s only LEED-ND Platinum-Certified project and is the largest neighborhood development in the country to receive such a prestigious certification. For more information, visit www.wardvillage.com.

About Summerlin®

Developed by The Howard Hughes Corporation®, Summerlin began to take shape in 1990 and has ranked in the country’s top 10 best-selling master planned communities for nearly two decades. Located along the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with approximately 6,000 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 100,000 residents who enjoy an unparalleled list of amenities. These include more than 250 neighborhood and village parks, more than 150 completed miles of trails, 25 public and private schools, 14 houses of worship, ten golf courses, shopping centers, medical and cultural facilities, business parks and dozens of actively selling floor plans. For information on custom homesites in The Ridges, please call 702.255.2500. Visit www.summerlin.com for more information.

About Bridgeland®

Bridgeland is an 11,400-acre master planned community located in Cypress, Texas, consistently ranked one of the top-selling master planned communities in Texas throughout its 11-year history. The award-winning development offers a wide variety of housing options and extensive outdoor amenities, with a strong emphasis on conserving and enhancing the natural environment. Bridgeland has over 3,000 acres dedicated to lakes, trails and parks, and offers a resort-style pool, disc-golf course, stocked lakes and complimentary use of kayaks, paddle boats and other recreational equipment for residents. Lakeland Village Center®, now open, is the first of four retail centers in Bridgeland, with additional plans for a future Town Center along Grand Parkway/Highway 99, which intersects the community. Bridgeland is a development of The Howard Hughes Corporation® managed by The Woodlands® Development Company.

About The Howard Hughes Corporation®

The Howard Hughes Corporation 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 operating properties and development opportunities including: The Seaport District NYC in New York; Columbia, Maryland; The Woodlands®, The Woodlands Hills, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; and Ward Village® in Honolulu, Hawaiʻi. The Howard Hughes Corporation’s 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. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC. 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 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.

The Howard Hughes Corporation
Media:
Cristina Carlson, 646-822-6910
VP, Corporate Communications and Public Relations
Cristina.carlson@howardhughes.com
or
Investor Relations:
David O’Reilly, 214-741-7744
Chief Financial Officer
david.o'reilly@howardhughes.com