Summerlin® and Bridgeland®, two of the award-winning communities in
the Howard Hughes Holdings Inc. (NYSE: HHH) portfolio, have been
ranked among the nation’s top five best-selling master planned
communities (MPCs) for 2023, according to the year-end report
released by national real estate consultant RCLCO. Summerlin, in
Las Vegas, Nevada, ranked #4 on the RCLCO list with a 39% increase
in new home sales year-over-year, and continues to be Nevada’s
highest-ranking MPC. Bridgeland, in the Greater Houston, Texas
area, ranked #5 nationally with a 74% increase in new home sales
year-over-year, making it one of the top-selling communities in
Texas.
“The inclusion of two Howard Hughes communities, Summerlin and
Bridgeland, in the top five on RCLCO’s 2023 national list of
best-selling master planned communities demonstrates the
record-breaking momentum of new home sales across our national
portfolio,” said David R. O’Reilly, Chief Executive Officer for
Howard Hughes. “In 2023, Howard Hughes communities experienced a
113% year-over-year increase in new home sales, and a 43%
year-over-year increase in land sales. These numbers, and the
recent RCLCO rankings, illustrate the strong demand for the
high-quality and amenity-rich lifestyle of our communities that are
attracting today’s top talent and the companies that are relocating
to capitalize on a highly sought-after workforce and
business-friendly environment.”
In 2023, home sales among the country’s 50 top-selling master
planned communities experienced a nearly 14% increase. The
substantially greater increase in Howard Hughes’ 2023 sales
demonstrates the strength of the company’s portfolio, its expertise
as community builders, and its commitment to responsible
stewardship and long-term sustainable growth.
SUMMERLINSummerlin continues to be Nevada’s
top-selling community with 1,090 new homes sold in 2023. According
to Karl Pischke, principal with RCLCO Consulting, Summerlin leads
all ranked communities in total appearances on RCLCO’s national
list of top-selling MPCs, with over 27 years in the top 25.
“Summerlin’s long-running top ranking speaks volumes about its
enduring appeal,” said Pischke. “It’s an impressive run and a
distinction held by no other community in the country.”
Summerlin continues to deliver more amenities than any other
community in Southern Nevada—including over 300 parks; over 200
miles of interconnected trails; resident-exclusive community
centers; ten golf courses; 26 public, private and charter schools;
a public library and performing arts center; Summerlin Hospital
Medical Center; houses of worship representing a dozen different
faiths; office parks; and neighborhood shopping centers. Downtown
Summerlin®, the community’s walkable urban center, includes the Red
Rock Casino Resort & Spa; City National Arena, home of the
National Hockey League’s Vegas Golden Knights practice facility;
and Las Vegas Ballpark®, a world-class Triple-A baseball stadium
and home of the Las Vegas Aviators®.
“Summerlin continues its remarkable trajectory—entering its 34th
year as, once again, one of the country’s top-selling communities,”
said Frank Stephan, President of the Nevada Region for Howard
Hughes. “Summerlin’s sales exceeded our 2023 projections as Las
Vegas continues to be a leading destination for domestic migration
as people seek their ideal lifestyle, and companies follow to take
advantage of a thriving workforce in a business-friendly
environment. As we continue to develop our remaining acreage,
including new development at Downtown Summerlin—the vibrant urban
core of the community that serves as its central gathering place
offering dining, shopping, entertainment, and sports—we expect the
driving momentum behind strong home sales to continue.”
During 2024, development will also continue in Summerlin West,
comprising over 5,000 acres of high desert framed by the Red Rock
Canyon National Conservation Area and La Madre Mountain Wilderness
Area. Anticipated openings include five new
neighborhoods plus new parks and open space, as well as the
development of Summerlin’s newest village, Grand Park.
BRIDGELANDBridgeland set an all-time record
high for new home sales in 2023—selling 985 homes and ranking as
the #2 top-selling master planned community in Texas and #5 in the
nation on RCLCO’s annual report.
“In 2023, Bridgeland sold the most homes in its 17-year history
as it enters a dynamic new chapter of growth and expansion,
starting with Chevron’s acquisition of over 77 acres in Bridgeland
Central—marking a pivotal moment for Bridgeland as the community
enters its next phase of development as both a sought-after
residential community and leading job center for the region,” said
Jim Carman, President of the Houston Region for Howard Hughes.
“With the commercial development of Bridgeland Central, the
community’s emerging 925-acre downtown, Bridgeland is positioned to
transform the Northwest Houston region, attracting businesses and
their target employees who want to live and work in a community
that offers an exceptional quality of life, abundant amenities, and
housing options to meet growing demand.”
Bridgeland celebrated the grand opening of its fourth village in
October 2023 and announced Village Green at Bridgeland Central®, a
commercial development to be anchored by an over 100,000-square
foot H-E-B, the top-ranked Texas-based grocery store, and a
49,000-square-foot, three-story mass timber office building, the
first of its kind in the Greater Houston area.
Bridgeland is currently home to approximately 21,000 residents
and is projected to reach nearly 70,000 at full buildout as
homebuyers flocking to Texas continue to choose Bridgeland because
of the unique nature of the community that sustainably integrates
parks, lakes, and trails throughout its master plan. According to
RCLCO’s recent report, the Houston MSA was the top-performing
metropolitan area in the nation, representing 23% of all sales
among top-ranked MPCs.
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 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 summerlin.com for more information.
About Bridgeland®Bridgeland is an 11,500-acre
master planned community located in Cypress, Texas, and is ranked
as the fifth top-selling master planned community in the nation and
second in Texas. The award-winning community opened in 2006 and
offers a wide variety of housing options and extensive outdoor
amenities, with a strong emphasis on conserving and enhancing the
natural environment. Bridgeland, a LEED Pre-certified community,
has over 3,000 acres dedicated to lakes, trails, and parks, and
offers resort-style pools, 70 parks, stocked lakes and
complimentary use of kayaks, paddleboats, and other recreational
opportunities for residents to promote a healthy and active
lifestyle. Lakeland Village Center® is the first of four retail
centers in Bridgeland, with additional plans for Bridgeland
Central®, an emerging 925-acre urban hub. Bridgeland is a Howard
Hughes community and supports over 180 local causes and charitable
organizations in the Houston region through the company’s HHCares
program. For more information, visit Bridgeland.com.
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 StatementStatements 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.
Media Contacts
Howard HughesCristina Carlson,
646-822-6910Senior Vice President, Head of Corporate
Communicationscristina.carlson@howardhughes.comEric Holcomb,
281-475-2144Senior Vice President, Investor
Relationseric.holcomb@howardhughes.com
Photos accompanying this announcement are available
at:
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Howard Hughes (NYSE:HHH)
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Howard Hughes (NYSE:HHH)
過去 株価チャート
から 6 2023 まで 6 2024