Wednesday, April 23, 2014

The Howard Hughes Corporation ® Announces First Multi-Family Residential Development in Summerlin's New Downtown

The Howard Hughes Corporation® (NYSE: HHC) announced today plans for the first multi-family residential development in the emerging 400-acre Downtown Summerlin in the heart of the acclaimed Summerlin master planned community. A joint venture of The Howard Hughes Corporation and The Calida Group, the 124-unit, gated luxury apartment complex is expected to begin construction this fall with a projected spring 2015 opening. Situated on nearly 4.5 acres adjacent to the premier, 1.6 million-square-foot, upscale retail destination opening later this year in Downtown Summerlin, residents will enjoy the ultimate in urban living given the enviable amenities and dynamic shopping, dining and entertainment options just steps away.

The luxury development will boast a contemporary architectural design in keeping with overall plans for Downtown Summerlin. The three-story, 170,000-square-foot multi-family project will feature spacious one-, two- and three-bedroom homes ranging from approximately 1,000 to 2,040 square feet. Exclusive amenities for residents include: a state-of-the-art fitness center; a spa with tanning services, on-call masseuse and aesthetician; and a resort-style pool with an outdoor BBQ area and pool-side cabanas. Third-floor homes include 20-foot ceilings along with a private walk-up to a mezzanine level and a fourth-story rooftop deck. Some residences also include attached garages.

“This multi-family residential community will be virtually unmatched across the Las Vegas Valley” said Kevin Orrock, President of Summerlin for The Howard Hughes Corporation. “We are pleased to collaborate with The Calida Group, a national developer whose well-established reputation for world-class, quality construction and design makes them an ideal fit.”

“The Calida Group is committed to creating an entire lifestyle, not just a place to live,” said Eric Cohen, Managing Director of The Calida Group. “We are thrilled to partner with one of the country’s premier master planned community developers and agree that our approach is ideally suited for Summerlin. Our communities boast impeccable service, modern interior designs and highly desirable locations, and this is no exception.”