The Woodlands Edition- February 2020

THEWOODLANDS EDITION

VOLUME 9, ISSUE 6  FEB. 11MARCH 9, 2020

ONLINE AT

Power plays Howard Hughes grows prole as developable local land dwindles Since announcing last year it will move its headquarters fromDallas to The Wood- lands, the Howard Hughes Corp. has acquired the area’s two most prominent oce buildings and positioned itself as a growing economic presence in the region. As the owner of The Woodlands Devel- opment Co.—which develops land in The Woodlands for residential and com- mercial purposes—since 2011, Howard Hughes ocials said the company is look- ing at potentially completing single-fam- ily residential build-out by 2023. About 500 more homes can be constructed, company ocials have said. The company has stated it will con- tinue to develop commercial and mul- tifamily sites in The Woodlands while focusing on its master-planned commu- nities around the country, including Brid- geland and The Woodlands Hills in the Greater Houston area. CONTINUED ON 54 BY VANESSA HOLT AND BEN THOMPSON

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Jim Carman, president of Howard Hughes Corp. Houston region, will head the local branch of the company as it establishes its Woodlands headquarters. (Photo by Vanessa Holt/Community Impact Newspaper)

Howard Hughes Corp. in The Woodlands is completing residential build- out while adding to its oce portfolio.

71 acres of single- family residential development remaining 1,389 multifamily units among 4 projects at completion

Build-out for single-family homes expected by 2023

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Company controls about 4.1 million sq. ft. of oce space in The Woodlands

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SOURCE: HOWARD HUGHES CORP.COMMUNITY IMPACT NEWSPAPER

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Retail centers bringing entertainment focus Two new entertainment options came to the area surrounding The Woodlands in 2019, and at least one more is expected in 2020, all of which are either anchors for retail centers or located near one. John Mayner, the director of the Shenan- doah Convention and Visitor Bureau, said traditional retail centers have had to evolve over time to provide experiences for cus- tomers rather than simply oering shops. BY ANDREW CHRISTMAN

NOWSHOWING Between 2019-20, the number of movie the- aters in The Woodlands area increased by three. 3 new theaters

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188,889 square feet of theater space 21 new screens (24 planned)

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SOURCES: AMC THEATERS, REGAL ENTERTAINMENT, CINEPOLISCOMMUNITY IMPACT NEWSPAPER

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