LAS VEGAS--(BUSINESS WIRE)--The Howard Hughes Corporation® (NYSE: HHC) announced today that the first phase of Downtown Summerlin - the premier retail and entertainment destination being built in the heart of the Summerlin master planned community - will open October 9, 2014. When the entire 400-acre development is complete, Downtown Summerlin will include unparalleled retail, entertainment, office, hotel and multi-family residential, all designed to create a walkable urban core serving the 22,500-acre master planned community and entire Las Vegas Valley.
Construction began in the middle of 2013 on the expansive, 106-acre, 1.6 million-square-foot development, which represents the first phase in the future 400-acre Downtown Summerlin. The initial phase will feature more than 125 stores and restaurants in a walkable downtown shopping environment in the center of the award-winning Summerlin master planned community. Located just off of the 215 Beltway, between Sahara Avenue and Charleston Boulevard, the development will also include a nine-story Class A office building - One Summerlin.
“We have been steadfast in our vision to develop a vibrant urban core in Summerlin where valley residents can live, work, shop and play,” said David R. Weinreb, Chief Executive Officer of The Howard Hughes Corporation. “With the high demand from residents and strong interest from leading retailers, we are confident that this is the ideal time to create this authentic, unrivaled environment that will serve Summerlin residents and visitors.”
The Howard Hughes Corporation also announced a lineup of recently signed tenants, which feature a long list of leading fashion brands that will appeal to area fashionistas along with several highly popular restaurants to thrill local culinary enthusiasts.
Fashion seekers will be delighted by top style-centric brands, including the first U.S. stores for Lindbergh and b.young - international men’s and women’s fashion brands available in over 900 stores in 35 countries with a strong following by the world’s biggest stars. Along with previously announced Michael Kors, True Religion, Sephora and Victoria’s Secret, new fashion forward retailers include Boston Proper, Brighton Collectibles, Buckle, Everything But Water, Francesca’s Collection, Pandora, Republic of Couture’s Resto Lounge, White House|Black Market and a Mackenzie-Child’s boutique by LG Galleries.
Three top destination restaurants join Downtown Summerlin’s growing number of culinary spots - Wolfgang Puck Bar & Grill, a steakhouse from Elizabeth Blau and CRAVE Restaurant - to appeal to local foodies. Wolfgang Puck Bar & Grill will be the restaurateur’s first Summerlin restaurant and will feature contemporary American cuisine. Elizabeth Blau and chef/husband Kim Canteenwalla will create an upscale sibling to the acclaimed couple’s other restaurants, Honey Salt, Buddy V’s and Simon Palm’s Place in Las Vegas. CRAVE Restaurant will feature quality, local and regionally sourced food, a chic atmosphere and diverse choices for guests that will create an unforgettable dining experience.
Avid movie fans across the entire region will now have the opportunity to enjoy the ultimate cinematic experience with the opening of a luxury Regal Cinema. The five-screen theater will be highlighted by innovative and upscale design and provide every movie-goer with exceptional comfort and spacious seating in addition to gourmet dining options.
“Downtown Summerlin will soon be the place to be for fashion, dining and entertainment in Southern Nevada, and we are happy to see the excitement from the entire Las Vegas Valley for this first class development,” said Kevin T. Orrock, President of Summerlin. “Our mix of tenants will include world-class brands that are new to Nevada in addition to retailers who want a Summerlin location for their growing customer base.”
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.
TENANT LIST FOR DOWNTOWN SUMMERLIN
(As of 5.15.14)
|ANCHOR DEPARTMENT STORES||FOOD & RESTAURANTS|
|Regal Cinemas||Elizabeth Blau|
|FASHION & ACCESSORIES||Nekter Juice Bar|
|American Eagle||Red Robin|
|Boston Proper||Wetzel’s Pretzels|
|Brighton Collectibles||Wolfgang Puck Bar & Grill|
|Buckle||Zaba’s Mexican Grill|
|Clark’s||HEALTH & BEAUTY|
|Envy||Art of Shaving|
|Everything But Water||Bath & Body Works|
|LG Gallery, a MacKenzie-Child’s Boutique||HOMEGOODS & HOUSEWARES|
|Michael Kors||Sur La Table|
|Nordstrom Rack||PERSONAL SERVICES|
|Off Broadway Shoes||Bonita Eyebrow Threading|
|Old Navy||Eyes & Optics|
|Pandora||Patel’s Threading & Henna Art|
|Republic of Couture’s Resto Lounge||Posare Salon|
|True Religion||Signature Nails|
|Scene Shoes||Sports Clips|
|Skechers||The Art of Vision by Amel|
|White House|Black Market||SPORTS|