FOLLOWING A 2014 BLOCKBUSTER, ANOTHER BANNER YEAR IS PLANNED FOR SUMMERLIN® IN 2015
Nevada’s Leading Master Planned Community Continues to Bring World-Class Neighborhoods and
Amenities to the Las Vegas Valley
Las Vegas (December 24, 2014) - For The Howard Hughes Corporation® – master developer of
Summerlin® - 2014 was a blockbuster year with the highly anticipated opening of Downtown
Summerlin®, a 106-acre fashion, dining and entertainment destination in the heart of the master
planned community that drew more than 250,000 visitors to its first weekend. According to Kevin T.
Orrock, President of Summerlin, 2015 is shaping up to be another big year for the 22,500-acre
community that still has more than 5,400 acres left to develop.
Headlining the community’s 2015 development plans are –
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The Cliffs - The newest Summerlin village located against a dramatic ridgeline at the
southernmost tip of the community; ongoing parcel sales to homebuilders in this village will
prepare for new neighborhoods and homes in 2016;
Regency by Toll Brothers - Summerlin’s newest age-qualified community brings a new model of
active adult luxury to the area;
The Constellation® - Downtown Summerlin’s first residential development is a joint venture of
The Calida Group and The Howard Hughes Corporation;
Discovery Land Company - Nevada’s most exclusive residential development – an exclusive
resort-style community located south of The Ridges® and a joint venture of Discovery Land
Company and The Howard Hughes Corporation; and
The Paseos Village - Six new neighborhoods will ultimately encompass more than 800 new
homes.
“It’s great to see a high level of construction activity continue,” said Orrock. “There is a definite energy
and level of confidence in the resurgence of our rebounding economy. Nowhere is this more evident
than in Summerlin where a variety of significant commercial and residential developments are already
underway or preparing to start.”
The Cliffs village spans 450 acres and is generally bounded by Hualapai Way and Patrick Lane to the
north and Maule Avenue to the south. Located between Bishop Gorman High School and Wet ‘n’ Wild,
The Cliffs draws its name from the ridgeline to the west that forms a stunning backdrop to this new
residential village. The Summerlin trail system that runs through The Cliffs will connect to Clark County’s
future Gypsum Ridge Recreational Park that borders the village’s western edge, continuing The Howard
Hughes Corporation’s long term approach of linking Summerlin’s trails to the trail systems of the greater
Las Vegas Valley.
One of The Cliffs signature developments will be Regency by Toll Brothers, Summerlin’s first agequalified community in fifteen years. Over 425 single-family homes will be offered in nine distinct floor
plans ranging from 1,668 to 2,398 square feet. According to Peggy Chandler, Senior Vice President of
Summerlin, Toll perfected its luxurious active lifestyle in 12 markets across the country before bringing it
to Summerlin and is confident it will be a success. Regency includes walking trails and an amenity center
offering indoor and outdoor pools, tennis courts, pickle ball courts, a clubhouse and social programming
that includes classes, events and gatherings.
Also taking shape in The Cliffs village in 2015 is a 25,000 square-foot acquatic center with a junior
Olympic-size pool and an aerobic pool that upon completion will be deeded to Clark County to operate
as a public facility. Under the direction of Julie Cleaver, Vice President of Summerlin, The Howard
Hughes Corporation is designing and constructing the facility to expand the offerings in the existing Faiss
Park, located at Fort Apache Road and Maule Avenue.
“The architectural design of the facility is a nod to the gypsum mining activities on the other side of the
ridge that defines the western edge of the village,” said Cleaver. “Durable materials - such as standing
seam metal for the roof, split face block walls and corrugated metal paneling - evoke a centuries-old
sensibility to construction in a modern contemporary manner. We want this facility to stand the test of
time, serve the surrounding neighborhoods and fit in seamlessly with the natural environment.”
In Downtown Summerlin, construction will soon begin on The Constellation, Downtown Summerlin’s
first residential development, a 124-unit, gated luxury rental residence complex jointly developed by
The Howard Hughes Corporation and The Calida Group. The three-story, 170,000-square-foot multifamily project will feature spacious one- and two- bedroom homes ranging from approximately 1,000 to
2,040 square feet. Exclusive amenities include: state-of-the-art fitness center; spa with tanning services,
on-call masseuse and aesthetician; and a resort-style pool with an outdoor BBQ area and pool-side
cabanas. Pre-leasing will commence this summer with the first residents expected to arrive early 2016.
Construction will also begin in 2015 on a 555-acre resort-style, golf course community south of The
Ridges. A joint venture of The Howard Hughes Corporation and Discovery Land Company, one of the
world’s leading developers of private clubs and luxury communities, this new Summerlin village is
envisioned as the most exclusive residential setting in Nevada. It will feature a range of living
environments from custom homes on expansive lots - some as large as two or three acres – to worldclass villas, all arrayed on a private Tom Fazio designed 18-hole golf course and clubhouse with state-ofthe-art fitness facility and spa. Development on the new resort community is expected to begin in mid2015 with the first lot and home sales commencing in late 2015.
Already home to more than 100,000 residents living in more than 40,000 homes, Summerlin will add six
new neighborhoods in The Paseos village this year. Combined, these new neighborhoods will eventually
encompass more than 800 new homes. Neighborhoods include Delano by Lennar Homes, Altura by Toll
Brothers, Sarasota by Ryland Homes, Savona by Woodside Homes, Estrella by Pulte Homes and Allegra
by William Lyon Homes. Collectively, these new homes will offer nearly 40 models in a range of sizes,
prices and more than 60 floor plans featuring both single- and two-story options.
About Summerlin
Developed by The Howard Hughes Corporation, Summerlin began to take shape in 1990 and has ranked
in the country’s top 10 best-selling master-planned communities for nearly two decades. Located along
the western rim of the Las Vegas Valley, Summerlin encompasses 22,500 acres with approximately 5,400
acres still remaining to accommodate future growth within the master plan. The community is currently
home to more than 100,000 residents who enjoy an unparalleled list of amenities. These include more
than 150 neighborhood and village parks, more than 150 completed miles of trails, 22 public and private
schools, 14 houses of worship, nine golf courses, shopping centers, medical and cultural facilities,
business parks and dozens of actively selling floor plans. Homes are available in a variety of styles – from
single-family homes to townhomes and condominiums– priced from the $300,000s to more than $1
million. Custom homesites in The Ridges are priced from the $400,000s. Luxury apartment homes offer
monthly rents starting from the $900s. Visit www.summerlin.com for more information.
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,” “assume,” “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.
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Contacts
Melissa Warren
Faiss Foley Warren
melissa@ffwpr.com
702-528-6016
Caryn Kboudi
The Howard Hughes Corporation
caryn.kboudi@howardhughes.com
214-741-7744