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September 25, 2013

Howard Hughes Corp. Launches First Office Building at New M-U Development in The Woodlands

By Amalia Otet, Associate Editor

The Howard Hughes Corp. and its wholly owned subsidiary, The Woodlands Development Co., marked a major milestone with the completion of One Hughes Landing, the first office building in the 66-acre, mixed-use Hughes Landing development, situated on the 200-acre Lake Woodlands.

Designed to meet LEED Silver certification standards, the 197,719-square-foot, eight-story, Class A office building is currently 92 percent leased. Tenants include Strike L.L.C. (70,190 square feet), Layne Christensen Co. (51,152 square feet), PetroQuest Energy Inc. (13,091 square feet), Summit Midstream (12,524 square feet), Sterling Construction (12,340 square feet), Wells Fargo Bank (8,316 square feet), GMA Garnet (4,736 square feet) and Post Oak Bank (4,355 square feet).

Determined to capitalize on the strong demand for commercial space in The Woodlands, the company has kicked off construction of Two Hughes Landing. Set to be completed in mid-2014, the eight-story property will feature 197,719 square feet of office space and seeks LEED Silver certification.

On the retail front, Escalante’s Fine Tex-Mex & Tequila restaurant signed a 5,600-square-foot lease on Restaurant Row in Hughes Landing. The outfit is anticipated to open in late 2014. Additionally, The Woodlands announced that Whiskey Cake Kitchen & Bar signed an 8,000-square-foot lease, which will mark the restaurant’s debut in the Houston market, with an anticipated opening in spring 2015.

At full build-out, Hughes Landing is expected to house as many as 11 office buildings; shopping, dining and entertainment; a specialty grocer; an upscale hotel; a fitness center; and as many as 800 multi-family residences.

“Our vision for Hughes Landing is to create a vibrant waterfront community within The Woodlands, which will be an exciting hub where people can live, work and play,” said David Weinreb, CEO of The Howard Hughes Corp. “One Hughes Landing is the first step in our long-term plan for Hughes Landing to become one of the premier destinations within this world-class master-planned community.”

The Woodlands Development Co. is being represented by Robert Parsley and Norman Munoz of Colliers International for the leasing of office space in Hughes Landing. Rip Reynolds, senior leasing manager for Howard Hughes, is representing The Woodlands for the leasing of retail and restaurant space, according to company statements.

Photo credits: The Howard Hughes Corporation via Business Wire

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