Howard Hughes Holdings Inc. Appoints Charley Freericks as President of Phoenix Region
Howard Hughes Holdings Inc. (NYSE: HHH) has appointed Charley Freericks as President of the Phoenix Region. Freericks, a real estate industry veteran with over 40 years of experience, will lead the development of Teravalis™, a new 37,000-acre community in the Phoenix West Valley. Teravalis is expected to provide 100,000 homes for 300,000 residents and 55 million square feet of commercial development at full buildout. The first residential village, Floreo, is set to open in 2025 with 5,000 homes. Freericks brings extensive experience in large-scale community development and was previously Senior Vice President at Catellus Development He is actively involved in various non-profit organizations and industry associations in Arizona.
Howard Hughes Holdings Inc. (NYSE: HHH) ha nominato Charley Freericks Presidente della Regione di Phoenix. Freericks, un veterano del settore immobiliare con oltre 40 anni di esperienza, guiderà lo sviluppo di Teravalis™, una nuova comunità di 37.000 acri nella West Valley di Phoenix. Si prevede che Teravalis fornisca 100.000 case per 300.000 residenti e 55 milioni di piedi quadrati di sviluppo commerciale a pieno completamento. Il primo villaggio residenziale, Floreo, aprirà nel 2025 con 5.000 abitazioni. Freericks porta un'ampia esperienza nello sviluppo di comunità su larga scala ed è stato precedentemente Vicepresidente Senior presso Catellus Development. È attivamente coinvolto in varie organizzazioni senza scopo di lucro e associazioni di categoria in Arizona.
Howard Hughes Holdings Inc. (NYSE: HHH) ha nombrado a Charley Freericks como Presidente de la Región de Phoenix. Freericks, un veterano de la industria inmobiliaria con más de 40 años de experiencia, dirigirá el desarrollo de Teravalis™, una nueva comunidad de 37,000 acres en el Valle Oeste de Phoenix. Se espera que Teravalis proporcione 100,000 casas para 300,000 residentes y 55 millones de pies cuadrados de desarrollo comercial una vez completado. El primer barrio residencial, Floreo, abrirá en 2025 con 5,000 viviendas. Freericks aporta una amplia experiencia en el desarrollo de comunidades a gran escala y fue anteriormente Vicepresidente Senior en Catellus Development. También está involucrado activamente en diversas organizaciones sin fines de lucro y asociaciones industriales en Arizona.
하워드 휴즈 홀딩스 주식회사(뉴욕증권거래소: HHH)는 찰리 프리릭스를 피닉스 지역의 회장으로 임명했습니다. 프리릭스는 40년 이상의 경력을 가진 부동산 산업 전문가로, 피닉스 웨스트 밸리에 위치한 37,000에이커 규모의 새로운 커뮤니티인 테라발리스™의 개발을 이끌게 됩니다. 테라발리스는 300,000명의 거주자를 위한 100,000채의 주택과 완공 시 5500만 평방피트의 상업 개발을 제공할 것으로 예상됩니다. 첫 번째 주거 마을인 플로레오(Floreo)는 2025년에 5,000채의 주택으로 개장할 예정입니다. 프리릭스는 대규모 커뮤니티 개발에 대한 깊은 경험을 가지고 있으며, 이전에는 카텔루스 개발의 수석 부사장이었습니다. 그는 애리조나의 다양한 비영리 단체 및 산업 협회에도 적극 참여하고 있습니다.
Howard Hughes Holdings Inc. (NYSE: HHH) a nommé Charley Freericks président de la région de Phoenix. Freericks, un vétéran de l'industrie immobilière avec plus de 40 ans d'expérience, dirigera le développement de Teravalis™, une nouvelle communauté de 37 000 acres dans la West Valley de Phoenix. On s'attend à ce que Teravalis fournisse 100 000 maisons pour 300 000 résidents et 55 millions de pieds carrés de développement commercial une fois complètement construit. Le premier village résidentiel, Floreo, devrait ouvrir en 2025 avec 5 000 maisons. Freericks apporte une vaste expérience en développement communautaire à grande échelle et était auparavant vice-président senior chez Catellus Development. Il est également activement impliqué dans diverses organisations à but non lucratif et associations professionnelles en Arizona.
Howard Hughes Holdings Inc. (NYSE: HHH) hat Charley Freericks zum Präsidenten der Phoenix-Region ernannt. Freericks, ein Veteran der Immobilienbranche mit über 40 Jahren Erfahrung, wird die Entwicklung von Teravalis™ leiten, einer neuen 37.000 Acre großen Gemeinschaft im Phoenix West Valley. Es wird erwartet, dass Teravalis 100.000 Häuser für 300.000 Einwohner und 55 Millionen Quadratfuß an kommerzieller Entwicklung bei vollständiger Fertigstellung bieten wird. Das erste Wohnviertel, Floreo, soll 2025 mit 5.000 Häusern eröffnet werden. Freericks bringt umfassende Erfahrung in der Entwicklung großer Gemeinschaften mit und war zuvor Senior Vice President bei Catellus Development. Er engagiert sich aktiv in verschiedenen gemeinnützigen Organisationen und Branchenverbänden in Arizona.
- Appointment of experienced real estate leader Charley Freericks as President of Phoenix Region
- Development of Teravalis, a large-scale 37,000-acre community project
- Planned 100,000 homes and 55 million square feet of commercial development at full buildout
- First residential village, Floreo, set to open in 2025 with 5,000 homes
- Expansion into one of the fastest-growing housing markets in Arizona
- None.
Real estate industry veteran to lead Teravalis™, new Howard Hughes community in Phoenix West Valley
PHOENIX, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) today announced that long-time Arizona real estate leader Charley Freericks has been appointed President of the Phoenix Region. Mr. Freericks will lead residential and commercial development, leasing, and operations of Teravalis™, the new 37,000-acre Howard Hughes community in the Phoenix West Valley. Floreo, the first residential village of Teravalis set to open in 2025, is currently under development to deliver the community’s initial 5,000 homes. At full buildout, Teravalis is anticipated to provide 100,000 homes for 300,000 residents, along with 55 million square feet of commercial development to one of the fastest-growing housing markets in Arizona.
Mr. Freericks is a real estate industry veteran with more than 40 years of experience in large-scale community development throughout Arizona—including acquisition, entitlement, planning and design, implementation, and operations with an emphasis on commercial and mixed-use environments. He most recently served as Senior Vice President at Catellus Development Corporation, the master developer of the Novus Innovation Corridor, a 355-acre redevelopment of Arizona State University’s Athletic Facilities District.
“Charley’s decades of leadership and deep commitment to Arizona will be a tremendous asset to our company as he oversees the development of Teravalis—the innovative master planned community that is meeting the ongoing market demand for homes in one of the country's most rapidly expanding metro regions, and supporting long-term sustainable growth throughout the Phoenix West Valley,” said David O’Reilly, Chief Executive Officer of Howard Hughes.
Mr. Freericks is an active contributor to non-profit organizations that enhance the Arizona community and business environment. He currently serves on the board of the Arizona Community Foundation, an organization whose mission is to lead, serve, and collaborate to mobilize enduring philanthropy for a better Arizona. He is chairman emeritus of Fighter Country Partnership and Fighter Country Foundation, the premier community support organizations for Luke Air Force Base in Glendale, Arizona. Mr. Freericks has been a member of the Urban Land Institute since 1985, active on the national and local level—a member of a national product council, the Young Leaders Group Partnership Forum, and serving as the past Arizona District Chair. He is a former board member and past chair of Valley Partnership, the Arizona Zoological Society, and the Arizona Advisory Board of the Trust for Public Land.
“I am excited to join Howard Hughes and work with the Phoenix regional team as we collaborate with the city of Buckeye, the state of Arizona, and our many local partners to ensure the continued growth and success of Teravalis for generations to come,” said Freericks. “Teravalis will be Arizona’s next great community at the forefront of innovation and sustainability, providing the exceptional lifestyle for which Howard Hughes communities are known.”
Mr. Freericks earned a bachelor’s degree in general business and an MBA from Arizona State University.
About Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. The company’s award-winning portfolio comprises the country’s premier 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 Holdings 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.
Contacts:
Howard Hughes Holdings Inc.
Cristina Carlson, 646-822-6910
Senior Vice President, Head of Corporate Communications
cristina.carlson@howardhughes.com
Investor Relations Contact
Howard Hughes Holdings Inc.
Eric Holcomb, 281-475-2144
Senior Vice President, Investor Relations
eric.holcomb@howardhughes.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/64b73b06-26b5-48e9-b431-cfab6b9478b2
FAQ
Who is the new President of the Phoenix Region for Howard Hughes Holdings Inc. (HHH)?
What is Teravalis and how many homes is it expected to provide?
When is the first residential village of Teravalis, Floreo, set to open?
How much commercial development is planned for Teravalis by Howard Hughes Holdings (HHH)?
