HOUSTON-The Howard Hughes Corporation and The Woodlands Development Company have completed the opening of One Hughes Landing, the first office building in Hughes Landing, a 66-acre, mixed-use development situated on 200-acre Lake Woodlands.
Hughes Landing is expected to be a dynamic environment within The Woodlands that will feature up to 11 office buildings; shopping, dining and entertainment; a specialty grocer; an upscale hotel; a fitness center and up to 800 multi-family residences.
“Our vision for Hughes Landing is to create a vibrant waterfront community within The Woodlands, which will be an exciting hub where people can live, work and play,” said David Weinreb, CEO of The Howard Hughes Corporation. “One Hughes Landing is the first step in our long term plan for Hughes Landing to become one of the premier destinations within this world-class master planned community.”
One Hughes Landing is a 197,719 square-foot, eight-story, class A office building designed to be LEED Silver Certified. Already 92% leased, major tenants include Strike, LLC (70,190 SF), Layne Christensen Company (51,152 SF), PetroQuest Energy, Inc. (13,091 SF), and Summit Midstream (12,524 SF).
“One Hughes Landing will open almost fully leased less than ten months after starting construction,” said Paul Layne, EVP of master planned communities for The Howard Hughes Corporation. “The remarkable leasing pace is an excellent indicator of the strong demand for premium commercial, residential and retail space in The Woodlands.”
Given the strong demand for One Hughes Landing, construction is already underway for Two Hughes Landing, the second class A office building in the development. Two Hughes Landing is an eight-story, 197,719-square-foot building also designed to be LEED Silver Certified. The building is expected to be completed in mid-2014.
Additionally, leasing is well underway for Restaurant Row at Hughes Landing where a wide selection of culinary establishments is planned. The Woodlands recently announced that Escalante's Fine Tex-Mex & Tequila restaurant signed a 5,600-square-foot lease on Restaurant Row becoming the first eatery to sign a lease in Hughes Landing. The restaurant is expected to open in late 2014.
The Woodlands Development Company is being represented by Robert Parsley and Norman Munoz of Colliers International for the leasing of office space in Hughes Landing. Rip Reynolds, senior leasing manager for The Howard Hughes Corporation, is representing The Woodlands for the leasing of retail and restaurant space.
The Woodlands is a 28,000-acre master-planned community located 27 miles north of downtown Houston. Throughout its 39-year history, The Woodlands has led the way among master-planned communities that practice environmental preservation. It is home to more than 105,000 people, and more than 50,000 people work in the community. The Woodlands Development Company is a wholly-owned subsidiary of the Howard Hughes Corporation.
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 18 states from New York to Hawaii.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
