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Heath Melton & Dan Kolkhorst
AgendaAgenda
• Introductions• Company Overview• Master Planned Community Overview
• Project Overview• Video• Questions & Answers
Company OverviewCompany Overview
• TWDC to Howard Hughes Corp• The Woodlands Begins• Mitchel sells The Woodlands to
Crescent RE and Morgan Stanley• Crescent sells interest to The Rouse
Corp.• Rouse Corp. is purchased by GGP• GGP spins off RE assets and HHC is
formed• HHC purchases Morgan Stanley
interest
Company OverviewCompany Overview
Our MissionThe Howard Hughes Corporation’s mission is to be the preeminent developer and operator of master planned communities and mixed‐use properties. We create timeless places and extraordinary experiences that inspire people while driving sustainable, long‐term growth and value for our shareholders.
About Us We own, manage and develop commercial, residential and mixed‐use real estate throughout the country. Our company is comprised of master planned communities, operating properties, development opportunities and other unique assets spanning 14 states from New York to Hawaii.
Company OverviewCompany Overview
Master Planned Community Overview
Master Planned Community (MPC) OverviewMaster Planned Community (MPC) Overview Strong Vision & Comprehensive Plan that guide development and unify the community through
distinctive signage, wayfinding, entry features, landscaping, and architectural/design standards
Offers a variety of housing types, sizes, and prices, with shared common space, amenities, and a vital public realm.
Create their own ecosystem and consist of both residential for-sale real estate, and commercial real estate. This mix of uses, when executed effectively, results in a much more valuable community.
Understand the “virtuous cycle” in MPCs
Rooftops drive commercial development such as retail, office and hospitality. These commercial assets further increase demand and prices for residential land and the “growth cycle” continues.
Large MPCs are truly “small cities”, that have daytime working populations, a breadth of community home types, and commercial real estate to support a live, work, play lifestyle.
Company OverviewCompany Overview
Howard Hughes Corporation Master Planned Community Overview
Our Master Planned Communities in Houston MSAOur Master Planned Communities in Houston MSA
Total Woodlands gross acreage: 28,500
Total Residents: 114,625
Residents at build-out: 132,000
Villages developed: 10 Residential5 Commercial
Remaining Developable Acreage: Approximately 1,348
The Woodlands – The Woodlands, TX The Woodlands – The Woodlands, TX
Recreation
• 2 membership golf clubs with 135 holes of golf
• 74 outdoor tennis courts, 2 boathouses, 14 community pools and 5 spraygrounds
• 55 sculptures and outdoor art
Nature 7,635 acres of open space, golf courses and forest preserve 212 miles of hike and bike trails and 200 acres of Lake Woodlands 143 neighborhood parks and 7 championship golf courses The Woodlands Waterway
Religion• 43 Religious Congregations
Education• 23 highly-acclaimed public schools and 9 private schools• 3 higher education campuses with 13,000 students enrolled in college courses
Commercial• Over 2,100 employers and 64,000 employees• 34.7 million square feet of commercial development with 11.8 million in office space, 11.4 million in retail space, 3.4 million in
industrial/technical and 8.1 million in Institutional space• Market Street, Hughes Landing, The Woodlands Mall, 7 village shopping centers and 200 specialty and family restaurants• The Cynthia Woods Mitchell Pavilion, one of the top-rated outdoor amphitheaters in the world• The Woodlands Resort & Conference Center, The Westin at The Woodlands, Embassy Suites by Hilton at the Woodlands, The Woodlands
Waterway Marriott Hotel and Convention Center
The Woodlands – The Woodlands, TX The Woodlands – The Woodlands, TX
14
Total Bridgeland gross acreage: 11,400
Total Residents: 6,620
Residents at build-out: 65,000
Villages developed: 1
Remaining Developable Acreage: 5,072
Bridgeland – Cypress, TX Bridgeland – Cypress, TX
Amenities 60 miles of interconnecting trails 400 acres of neighborhood, community, and village parks 900 acres of lakes and waterways Community center and resort-style pool, heated lap pool, tennis courts, disc golf course,
nature trail, birding tower, dog parks, canoe launches, skate park, basketball courts, splash pads, paddle boats and Tree House Park
Education Pope Elementary – now open Bridgeland High School and Wells Elementary will open for the 2017-2018 school year A variety of continuing education options offered at Lakeland Activity Center
Community 11,400-acre award-winning MPC 18 homebuilders and 20 model homes Four residential villages with accompanying Village Centers at buildout 84,000 sq. ft. of retail, restaurant and office space now being leased at Lakeland Village
Center 800-acre future Town Center
Places of Worship The Foundry – now open; Houston’s First Baptist Church – under construction Additional options coming soon
Bridgeland – Cypress, TX Bridgeland – Cypress, TX
FM 830 West of I-45Montgomery County, TX
New Community – Concept Plan Land UseNew Community – Concept Plan Land UseFM 1097
FM 830
League Line Rd
New Community – General Plan Phasing New Community – General Plan Phasing
New Community – AmenitiesNew Community – Amenities
Recreation
Amenity Center with event space and fitness center
17-acre Village Park
15 neighborhood parks
Public art
Nature 2,000-acre community with 112 acres of open space 15 parks totaling 59 acres 9.5 miles of hike and bike trails, in addition to bike lanes
along the roadways
Religion 2 Religious Congregations
Education Existing elementary and middle school with an additional
elementary to be added in the future
Commercial Commercial retail centers
Home SizeLot Size Up To Price Range
50' 2800 SF from low $300s55' 3300 SF from mid $300s65' 3800 SF from high $300s - 400s75' 4500 SF from $400s - $500’s
New Community – New HomesNew Community – New Homes
Company OverviewCompany Overview
Governance and Development Status Overview
Community GovernanceCommunity Governance• One County
• Montgomery County
• Two Cities• City of Conroe• City of Willis
• Four Municipal Utility Districts• MC MUD #128• MC MUD #128• MC MUD #133• MC MUD #134
• State & Federal
Development & Delivery ScheduleDevelopment & Delivery Schedule
• Start Developmet ‐ April 17• Lot Develivery – Q3/4 – 17• Lot Sales – Q4 – 17• Grand Open – Spring 18’
Final ThoughtsFinal Thoughts
• The Woodlands was an MPC developed in the forest…
• Our new community will be developed with similar principals and methods
• It is our intent to preserve the natural beauty
Questions & AnswersQuestions & Answers