Whole Foods Market® Coming to Hughes Landing on Lake Woodlands

Leading Natural and Organic Food Retailer is a Compelling Addition to 66-Acre Mixed-Use Development

DALLAS & THE WOODLANDS, Texas--()--The Howard Hughes Corporation® (NYSE: HHC) and its wholly-owned subsidiary The Woodlands Development Company (TWDC), recently announced that Whole Foods Market® will soon begin construction in Hughes Landing on Lake Woodlands, a 66-acre mixed-use development within The Woodlands. Hughes Landing is anticipated to be a dynamic environment featuring up to 11 office buildings; shopping, dining and entertainment; an upscale hotel; a fitness center and up to 800 multi-family residences.

“Local residents have long expressed strong interest in having a Whole Foods Market in The Woodlands,” said Paul Layne, Executive Vice President of Master Planned Communities for The Howard Hughes Corporation. “It will be an exceptional destination within Hughes Landing and across The Woodlands, adding to the many benefits of living, working and playing in this vibrant community.”

Founded in 1980 in Austin, TX, Whole Foods Market is the leading natural and organic food retailer. As America’s first national certified organic grocer, Whole Foods Market was named “America’s Healthiest Grocery Store” by Health magazine. The company’s motto, “Whole Food, Whole People, Whole Planet”™ captures its mission to ensure customer satisfaction and health, Team Member excellence and happiness, enhanced shareholder value, community support and environmental improvement. With 73,000 Team Members, Whole Foods Market has been ranked as one of the “100 Best Companies to Work For” in America by FORTUNE magazine for 16 consecutive years. The grocer currently has more than 350 stores in the United States, Canada and the United Kingdom.

“The Woodlands is a great fit for us," said Mark Dixon, President of Whole Foods Market’s Southwest Region. "We are excited about the Hughes Landing development and its central location that is easily accessible to residents of The Woodlands and surrounding areas.”

Whole Foods Market plans to open its new 40,000-square-foot store in Hughes Landing in 2015. The main entrance will be situated off Lake Front Circle, near the intersection of Lake Front and Lake Woodlands Drive. Ample surface parking will be located adjacent to the market.

Tim Hughes, Principal of The Falcon Companies, represented Whole Foods Market, while Mike Zoob, Senior Director of Leasing, and Rip Reynolds, Senior Leasing Manager, represented HHC.

About The Woodlands

The Woodlands is a 28,000-acre master planned community located 27 miles north of downtown Houston. Throughout its 39-year history, The Woodlands has led the way among master planned communities that practice environmental preservation. It is home to more than 107,000 people, and more than 50,000 people work in the community. The Woodlands is ranked the #1 Top-Selling Master Planned Community in Texas and #3 in the U.S. by RCLCO, based on 2012 new home sales. For more information, visit www.thewoodlands.com.

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.

Contacts

The Woodlands Development Company
Susan Vreeland-Wendt, 281-719-6174
svreeland-wendt@thewoodlands.com
or
Lorrie Parise, 281-719-6344
lparise@thewoodlands.com
or
The Howard Hughes Corporation
Caryn Kboudi, 214-741-7744
caryn.kboudi@howardhughes.com

Release Summary

WHOLE FOODS MARKET® COMING TO HUGHES LANDING ON LAKE WOODLANDS - Leading Natural and Organic Food Retailer is a Compelling Addition to 66-Acre Mixed-Use Development

Contacts

The Woodlands Development Company
Susan Vreeland-Wendt, 281-719-6174
svreeland-wendt@thewoodlands.com
or
Lorrie Parise, 281-719-6344
lparise@thewoodlands.com
or
The Howard Hughes Corporation
Caryn Kboudi, 214-741-7744
caryn.kboudi@howardhughes.com