The Howard Hughes Corporation
(NYSE:HHC) announced today that
Development Company (TWDC), a wholly-owned subsidiary, will begin construction of a 66-acre mixed-use development called Hughes Landing at Lake Woodlands. Hughes Landing is envisioned to be a dynamic destination, with up to eight office buildings, a boutique hotel, numerous retail and entertainment venues offering high-end specialty stores and multi-family residential housing.
An artist's rendering of One Hughes Landing, a new LEED Silver 195,227-square-foot Class A office building that will be the first new construction at Hughes Landing at Lake Woodlands, a 66-acre mixed-use development. (Photo: Business Wire)
“Hughes Landing is well-situated at the upper east end of Lake Woodlands, just north of the well-established East Shore residential community,” said Paul Layne, executive vice president of master-planned communities for The Howard Hughes Corporation. “Panoramic lake views and a planned boardwalk and pier will create a cosmopolitan, pedestrian-friendly setting where people will enjoy the opportunity to live, work, shop, dine and be entertained.”
Construction of the first office building, One Hughes Landing, is scheduled to begin this fall, with completion planned for the fourth quarter of 2013. Planned to be LEED Silver certified, the eight-story, 195,227-square-foot Class A building is being designed by Gensler of Houston.
“There is clearly a strong demand for office space in The Woodlands, with our newest building, 3 Waterway Square, already 90% leased prior to opening next June,” Layne said. “We are confident that the Hughes Landing project, with an abundance of activities for office workers, visitors and residents, will be another great success.”
3 Waterway Square Place is a 232,000-square-foot Class A building situated in The Waterway Square District in Town Center. Major tenants include Nexeo Solutions (106,710 square feet), Waste Connections (49,881 square feet), Energy Alloys (37,375 square feet), Next Decade (8,291 square feet) and Insperity (6,576 square feet). Several retail businesses have expressed interest in space on The Waterway Square level of the building.