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Howard Hughes Center Secures JV Equity

LOS ANGELES—The center secures funding to build a 375-unit multifamily development called the Village at Howard Hughes Center within the complex.

By Kelsi Maree Borland | Updated on February 06, 2015

LOS ANGELES—The Howard Hughes Center has secured joint venture equity for the development of a 375-unit multifamily complex called the Village at Howard Hughes. The class-A development is located within the Howard Hughes Center, a 70-acre mixed-use campus with 1.5 million square feet of office, retail and entertainment space. The value of the joint venture equity and the cost of the development were not disclosed.

Sitting on 2.91 acres, the project will feature three six-story buildings with ground floor parking, and rich amenities, including three courtyards, a rooftop deck and green living features. Additionally, the property is located in a prime submarket near Playa Vista and Silicon Beach, and close to the 405 freeway. It is scheduled to break ground in the fall of this year with completion expected in 2018.

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