Howard Hughes
Howard Hughes Overview
Industry
About Howard Hughes
Howard Hughes Holdings Inc. is a prominent real estate development and management company headquartered in The Woodlands, Texas. Established in 2010 as a spin-off from General Growth Properties, the company specializes in the development, management, and sale of commercial, residential, and mixed-use properties across the United States.
Company Segments
The company operates through several key segments. The Master Planned Communities (MPCs) segment manages large-scale, master-planned communities designed to offer comprehensive living experiences. These integrate residential, commercial, and recreational spaces to create vibrant, sustainable environments.
- The Woodlands, Texas
- Bridgeland, Texas
- The Woodlands Hills, Texas
- Summerlin, Nevada
- Ward Village, Honolulu, Hawaiʻi
- Teravalis, Arizona
The Operating Assets segment owns a diverse portfolio of revenue-generating properties, including retail centers, office buildings, and multi-family residential units. Notable locations include Downtown Summerlin in Nevada and Kewalo Basin Harbor in Honolulu.
The Seaport District segment manages properties in New York City’s Seaport District, such as Pier 17, 250 Water Street, and the Tin Building. These host retail, dining, and entertainment venues, contributing to the area's revitalization.
The Strategic Developments segment focuses on various projects including residential condominiums and commercial properties aimed at enhancing urban living experiences.
Corporate Restructuring
In August 2023, Howard Hughes Holdings Inc. completed a reorganization, becoming the parent holding company of The Howard Hughes Corporation. This restructuring provides additional flexibility for future investments and allows segregation of assets and related liabilities into separate subsidiaries.
Locations
Howard Hughes Holdings’ portfolio covers several urban markets reflecting its commitment to integrated communities blending residential, commercial, and recreational spaces.
- The Woodlands, TX, USA
- Bridgeland, Texas
- The Woodlands Hills, Texas
- Summerlin, Nevada
- Ward Village, Honolulu, Hawaiʻi
- Teravalis, Arizona
- New York City, New York
- Maryland
Company Size and Financials
As of 2023, Howard Hughes Holdings Inc. reported assets totaling approximately $9.21 billion. The company employs around 608 individuals, supporting its extensive real estate portfolio and development projects across several states.