Saturday, December 12, 2015

NEIGHBORHOODS BREAK GROUND IN NEWEST SUMMERLIN® VILLAGE

The Howard Hughes Corporation® (NYSE: HHC), developer of the master-planned community of Summerlin®, is unveiling big plans for its newest village, The Cliffs. Located in Summerlin’s southernmost tip along the base of the Spring Mountains, the 450-acre village stretches from south of Bishop Gorman High School to Wet ‘n’ Wild water park.  Recently Pulte Homes and Lennar were announced to join Toll Brothers and Woodside Homes in The Cliffs.  

“We are pleased to announce our builder line-up for The Cliffs,” said Peggy Chandler, senior vice president, Summerlin.  “As with all Summerlin villages, great thought went into the product offering we would supply in The Cliffs, and we are confident these four builders will deliver beautiful homes in such a unique village.”

Offering exquisite views of the valley and the Strip to the east and the mountains to the west, The Cliffs village has been carefully designed to maximize the area’s terraced landscape, allowing for unobstructed views in some neighborhoods. A distinct “rugged contemporary” architectural design aesthetic throughout will complement the area’s natural landscape. And to further maintain its natural beauty, parcels of land within the village have been set aside to remain undisturbed and undeveloped.

“The Cliff’s village, which began development earlier this year, is Summerlin’s 20th village and the first to open in nearly a dozen years,” said Julie Cleaver, vice president, Summerlin. “We took our time shaping this village and developing its theme to ensure the right builders and home styles would be incorporated into this striking landscape. The development of The Cliffs is a superb combination of man-made designs seamlessly merged with the breathtaking beauty of the topography.”

Toll Brothers, the first builder that announced plans for a neighborhood in The Cliffs, is developing Regency, a luxury age-qualified community with models opening early 2016. This gated neighborhood includes more than 425 single-family homes ranging from 1,600 to 2,400 square feet. Regency’s robust amenity list includes walking trails and an amenity center spanning more than 16,000 square feet with indoor lap pool and outdoor resort-style pools; tennis, pickle ball and bocce ball courts; a clubhouse; and social programming that includes classes, events and gatherings.

All homes in The Cliffs include the Summerlin signature lifestyle, with access to the community’s award-winning trail system, community centers, pools and year-round resident-only events.

The Cliff’s village will eventually be home to 11 planned neighborhoods encompassing more than 1,700 homes. In addition to the private Bishop Gorman High School and Wet ‘n’ Wild water park, other existing village amenities include Faiss Middle School and Faiss Community Park, where construction of a 24,940-square-foot aquatic center began in April. A proposed public elementary school site is also in The Cliffs.

The Cliffs village is conveniently located near the 215 beltway for quick access to the Las Vegas Strip and McCarran International Airport. For the latest information on new neighborhoods in The Cliffs village, visit summerlin.com or download the new home finding app by searching “Summerlin” in your app store.

 

PHOTO CAPTION: In June The Cliffs village opened in Summerlin with a “sky high” groundbreaking featuring a sky diving team gliding over the village against the backdrop of the Spring Mountains.  Four neighborhoods are currently under development or in the planning stages.

About Summerlin:

Developed by The Howard Hughes Corporation, Summerlin began to take shape in 1990 and has ranked in the country’s top 10 best-selling master-planned communities for nearly two decades. Located along the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with approximately 7,200 acres still remaining to accommodate future growth, including infrastructure, open space and common areas, all 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 $200,000s to more than $2.5 million. For information on custom homesites in The Ridges please call 702.255.2500. 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.