WHOLE FOODS MARKET TO OPEN IN DOWNTOWN SUMMERLIN®

Rhea-AI Summary

Leading Natural and Organic Grocer to Anchor New Retail Center in Premier Las Vegas Community

Positive

• Whole Foods Market will anchor a 7.4-acre retail center in Downtown Summerlin, Las Vegas.
• The addition of Whole Foods Market is expected to serve as a catalyst for the expansion of Downtown Summerlin.
• This will be the fourth Whole Foods Market location within the Howard Hughes portfolio.
• The new retail center is being built to achieve LEED Silver certification, reflecting Downtown Summerlin's focus on sustainability and walkability.

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• None.

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.

FAQ

What is the new retail center in Downtown Summerlin?

The new retail center in Downtown Summerlin is a 7.4-acre space that will be anchored by Whole Foods Market.

How many Whole Foods Market locations are there within the Howard Hughes portfolio?

There are four Whole Foods Market locations within the Howard Hughes portfolio.

What certification is the new retail center aiming for?

The new retail center is aiming for LEED Silver certification from the U.S. Green Building Council.

When is the completion date for the new retail center?

The new retail center is slated for core and shell completion in Q3 2024.