HOUSTON, Jan. 5, 2022 /PRNewswire/ — Summerlin® and Bridgeland®, two of the award-winning grasp deliberate communities (MPCs) of The Howard Hughes Company® (NYSE: HHC) have been ranked among the many nation’s top-selling MPCs for 2021, in accordance with a report launched by RCLCO, the nationwide actual property guide. Summerlin, in Las Vegas, has ranked #3 for the fourth 12 months in a row on the annual checklist and is as soon as once more the highest-ranking MPC in Nevada, displaying a rise in yearly house gross sales of over 13 %, with 1,619 new houses offered in 2021. Bridgeland was the top-selling MPC within the Larger Houston Area and ranked #2 in Texas.
“RCLCO’s report speaks to the constant and rising demand for brand spanking new houses throughout the nation and because the developer with the nation’s largest portfolio of MPCs, we’re seeing a terrific inflow of individuals and companies into our communities as they search an distinctive high quality of life,” stated David O’Reilly, CEO of The Howard Hughes Company. “We proceed to speed up growth inside our MPCs to supply the market with sought-after, amenity-rich, walkable city environments.”
In line with Karl Pischke, principal with RCLCO Consulting, which has been rating MPCs since 1994, Summerlin leads all actively ranked MPCs in complete appearances on the nationwide best-selling MPC checklist, with over 25 years rating inside the high 25. That features a top-ten look annually from 1994 to 2007, adopted by a top-ten look annually since 2015, and a top-three look in every of the previous 4 years. “That is a really spectacular run and a distinction held by no different MPC within the nation,” stated Pischke.
“Summerlin continues its outstanding story of putting up with success with one other 12 months of robust momentum in gross sales and new growth that retains this distinctive group interesting to homebuyers, companies and traders,” stated Kevin T. Orrock, President, Las Vegas Area, The Howard Hughes Company. “Significantly as Downtown Summerlin continues to develop its workplace choices and capitalize on the nationwide pattern to maneuver workplaces nearer to house, extra residents will take pleasure in shorter every day commutes, additional enhancing total high quality of life.”
Now getting into its thirty second 12 months of growth, Summerlin delivers extra facilities than some other group in Southern Nevada. This contains greater than 250 parks of all sizes; resident-exclusive group facilities, swimming pools and occasions; 150-plus miles of interconnected trails; ten golf programs; 26 public, personal and constitution faculties; a public library and performing arts heart; Summerlin Hospital Medical Middle; homes of worship representing a dozen completely different faiths; workplace parks; neighborhood procuring facilities; and, in fact, Downtown Summerlin®, providing style, eating, leisure, Pink Rock Resort, workplace towers, Metropolis Nationwide Enviornment, house of the Vegas Golden Knights Nationwide Hockey League follow facility, and Las Vegas Ballpark®, a world-class Triple-A baseball stadium and residential of the Las Vegas Aviators®.
In complete, Summerlin at the moment presents greater than 115 floorplans in 20-plus neighborhoods all through eight distinct villages and districts. Properties, constructed by most of the nation’s high homebuilders, can be found in quite a lot of kinds—from single-family houses to townhomes, priced from the excessive $300,000s to greater than $1 million.
“We proceed to see folks and companies shifting to Summerlin to reap the benefits of the excellent high quality of life that our group offers,” stated Orrock. “We are going to proceed to speed up growth to satisfy the rising demand for residential land and supply exceptionally high-quality product at each value level for all segments of the market—from millennials to empty-nesters and retirees. The value per acre of land at Summerlin continues to extend, and momentum in new house gross sales is a good indicator of what’s to come back for this unimaginable group.”
Bridgeland skilled robust gross sales in 2021, leading to 713 new house gross sales as development continues within the top-selling group within the Larger Houston space, rating #2 in Texas and #16 within the nation on RCLCO’s annual report.
“Homebuyers proceed to hunt out Bridgeland’s high-performing faculties, excellent facilities and expansive parks and path methods, driving the super momentum we see 12 months after 12 months as Bridgeland grows from over 17,000 at present to finally 65,000 residents,” stated Heath Melton, President of the Phoenix Area who has led residential growth of grasp deliberate communities for The Howard Hughes Company. “As we see the millennial era proceed to be the main demographic of house purchasers in Bridgeland, we’ll speed up growth of a variety of housing choices to satisfy the good demand for all that Bridgeland presents.”
Bridgeland is thought for its forward-thinking design, deal with well being and wellness, and integration of the residential expertise with the encircling ecosystem and in depth sustainability options.
“Texas continues to be among the many most sought-after states within the nation and once you have a look at the good home migration that has been going down as folks and enterprise search a low price of residing and top quality of life in a business-friendly surroundings, it’s straightforward to know why Bridgeland is the top-selling group within the Houston area,” stated Jim Carman, President of the Houston Area for The Howard Hughes Company.
RCLCO cites robust optimism for 2022 and anticipates an enormous 12 months for MPCs with rising demand for brand spanking new houses. The continued excessive RCLCO rankings of Summerlin and Bridgeland exemplify the enduring attraction of the approach to life related to the communities in The Howard Hughes Company’s portfolio.
Developed by The Howard Hughes Company®, Summerlin started to take form in 1990 and has ranked within the nation’s high 10 best-selling master-planned communities for practically twenty years. Situated alongside the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with roughly 5,500 gross acres nonetheless remaining to accommodate future development, together with infrastructure, open area and customary areas, all inside the grasp plan. The group is at the moment house to almost 100,000 residents who take pleasure in an unparalleled checklist of facilities. These embrace greater than 250 neighborhood and village parks, greater than 150 accomplished miles of trails, 26 private and non-private faculties, 14 homes of worship, ten golf programs, Downtown Summerlin®, procuring facilities, medical and cultural services, enterprise parks and dozens of actively promoting flooring plans. Properties can be found in quite a lot of kinds—from single-family houses to townhomes—priced from the $300,000s to greater than $2.5 million. Summerlin is acknowledged as one of many nation’s premier places to boost a household and to function a enterprise, named MPC of the Yr for 2020 by the Nationwide Dwelling Builders Affiliation. For data on customized homesites in The Ridges please name 702.255.2500. Luxurious house houses supply month-to-month rents ranging from the $1,200s. Go to www.summerlin.com for extra data.
Bridgeland is an 11,500-acre grasp deliberate group positioned in Cypress, Texas and is ranked as one of many top-selling grasp deliberate communities in Texas and #14 within the nation. The award-winning growth opened in 2006 and presents all kinds of housing choices and in depth out of doors facilities, with a powerful emphasis on conserving and enhancing the pure surroundings. Bridgeland has over 3,000 acres devoted to lakes, trails and parks, and presents resort-style swimming pools, 60 parks, stocked lakes and complimentary use of kayaks, paddleboats and different leisure alternatives for residents to assist promote a wholesome and lively way of life. Lakeland Village Middle® is the primary of 4 retail facilities in Bridgeland, with extra plans for Bridgeland Central, a 925-acre future city heart. Bridgeland is a group of The Howard Hughes Company®, which helps over 180 native causes within the Houston area by its HHCares program. For extra data, go to Bridgeland.com.
About The Howard Hughes Company®
The Howard Hughes Company owns, manages, and develops industrial, residential, and mixed-use actual property all through the U.S. Its award-winning belongings embrace the nation’s preeminent portfolio of grasp deliberate communities, in addition to working properties and growth alternatives together with: the Seaport in New York Metropolis; Downtown Columbia®, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® within the Larger Houston, Texas space; Summerlin®, Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Douglas Ranch in Phoenix. The Howard Hughes Company’s portfolio is strategically positioned to satisfy and speed up growth based mostly on market demand, leading to one of many strongest actual property platforms within the nation. Devoted to revolutionary placemaking, the corporate is acknowledged for its ongoing dedication to design excellence and to the cultural lifetime of its communities. The Howard Hughes Company is traded on the New York Inventory Change as HHC. For added data, go to www.howardhughes.com.
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The Howard Hughes Company
Cristina Carlson, 646-822-6910
Senior Vice President, Head of Company Communications
For HHC Investor Relations
John Saxon, 281-929-7808
Investor Relations Affiliate
Correne S. Loeffler, 281-929-7787
Chief Monetary Officer
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SOURCE The Howard Hughes Company