Saturday, April 25, 2015

Summerlin® Celebrates 25 Years

Twenty-five years ago Summerlin® made its debut in Southern Nevada with the relocation of the Meadows School to the budding community in 1988, and the opening of The Hills Park and the Summerlin Parkway in 1990. Today, the 22,500-acre master-planned community that helped establish Las Vegas as a great place to live and set a high standard of living for the valley, is marking its 25th anniversary with a digital timeline on summerlin.com that details Summerlin’s quarter-century history.

“We are exceedingly proud of what Summerlin was, is and will become as it continues to unfold,” said Kevin Orrock, president of Summerlin.  “The Howard Hughes Corporation first envisioned the community as a place of aspiration where southern Nevadans would want to live, and today, that vision is a reality for more than 100,000 residents who call the community home.”

The timeline spans from 1952, when Howard Robard Hughes, Jr. purchased the land where Summerlin is now located, to 1988 when plans for the community were first announced by then Summa Corporation, predecessor to The Howard Hughes Corporation.  Though still a work in progress based on continued development, the timeline ends with  the milestone opening of Downtown Summerlin in 2014 and the commencement of construction in 2015 on The Constellation, Downtown Summerlin’s first residential project.

The timeline marks the construction of each of the community’s 20 villages, the opening of its 22 public and private schools and 14 houses of worship, as well as the opening of major roadways including Summerlin Parkway and the 215 beltway along the eight-mile stretch that runs through Summerlin. Signature amenities such as the Summerlin Library and Performing Arts Center, Summerlin Hospital Medical Center, Red Rock Casino Resort Spa and golf courses like Tournament Players Club, are featured on the timeline as projects that significantly enhance the community’s signature quality of life.  

“Many Summerlin residents have been here since the beginning, and today, children and grand-children also call it home,” said Orrock.  “That speaks volumes about the quality of life we have created here.  As we endeavor to develop Summerlin’s remaining 5,400 acres, it’s hard to imagine that the best is yet to come.”  

Visit Summerlin.com to see the new timeline and to learn more about the community’s amenities and newest neighborhoods.

PHOTO CAPTION: Featured in the new Summerlin.com history timeline, Cal and Maria Champlin, along with their children, made history as the first residents of Summerlin. They moved to The Hills village in March 1991.

About Summerlin:
Developed by The Howard Hughes Corporation, Summerlin began to take shape in 1990 and has ranked in the country’s top 10 bestselling master-planned communities for nearly two decades. Located along the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with approximately 6,000 acres still remaining to accommodate future growth within the master plan. The community is currently home to more than 100,000 residents who enjoy an unparalleled list of amenities. These include more than 150 neighborhood and village parks, more than 150 completed miles of trails, 22 public and private schools, 14 houses of worship, nine golf courses, shopping centers, medical and cultural facilities, business parks and dozens of actively selling floor plans. Homes are available in a variety of styles – from single-family homes to townhomes and condominiums– priced from the $300,000s to more than $1 million. Custom homesites in The Ridges are priced from the $400,000s. Luxury apartment homes offer monthly rents starting from the $900s. Visit www.summerlin.com for more information.

About 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 16 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC and is headquartered in Dallas, TX. For additional information about HHC, visit www.howardhughes.com.

Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize”, “plan,” “intend,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.