Howard Hughes Announces Unprecedented Sales Velocity at New Residential Project Designed by Robert A.M. Stern Architects in Greater Houston, Texas Area
Howard Hughes Holdings Inc. (NYSE: HHH) today reported record-breaking sales of over $250 million in the opening week at The Ritz-Carlton Residences, The Woodlands, a new condominium project in the award-winning community of The Woodlands., Texas. The project’s unprecedented sales velocity amidst the launch of its sales gallery reflects strong demand for the new residential project designed by Robert A. Stern Architects in the Greater Houston area, which closed out its first week of sales with over 50% of residences under contract.
The first Ritz-Carlton branded, standalone condominiums for sale in Texas, the 111-unit development sits on the last available large-scale residential site on Lake Woodlands, spanning roughly eight acres across approximately 1,200 feet of premier lakefront shoreline. The Ritz-Carlton Residences, The Woodlands offers a breadth of superior amenities and lifestyle offerings that set a new standard for luxury residential living in the Texas real estate market.
“Since the commencement of sales, the reception to The Ritz-Carlton Residences, The Woodlands has reinforced the overwhelming demand for this incomparable residential project—and reflected our steadfast commitment to masterful planning, quality design, and creating unique experiences that make our communities among the most sought-after places to live in the country,” said David R. O’Reilly, Chief Executive Officer of Howard Hughes.
One of the most celebrated architecture firms in the world, Robert A.M. Stern Architects brings its signature modern classicism and refined aesthetic to The Woodlands with a new condominium project inspired by the storied Texas estates by architect John F. Staub. The Ritz-Carlton Residences, The Woodlands will provide residents with an exceptional living experience and country-club atmosphere featuring outdoor and wellness amenities and concierge services that embody the overall sophisticated, timeless elegance of the property.
“We are seeing remarkable sales momentum for this project which brings a new level of luxury and lifestyle to The Woodlands ,” said Jim Carman, President of the Houston Region for Howard Hughes. “We are proud to introduce this one-of-a-kind residential project to the Texas market and continue to provide residents of The Woodlands the opportunity to enjoy the best of both worlds—sought-after urban amenities and walkability within The Woodlands Town Center set alongside the natural beauty of the 200- acre freshwater shore of Lake Woodlands.”
The Woodlands is a 28,500-acre, vibrant regional business hub and culturally rich community located 27 miles north of Downtown Houston, integrated into a natural setting with 28% of the community dedicated to open greenspace. Along with its convenient access to cultural, retail, and culinary attractions, The Ritz- Carlton Residences, The Woodlands provides a sought-after lifestyle for today’s discerning buyer in one of the nation’s top-selling communities.
Sales appointments continue in the project’s 4,000-square-foot sales gallery located at the company’s headquarters in The Woodlands, which is now open for private appointments. Douglas Elliman Development Marketing is the exclusive listing brokerage for the project. For more information and to schedule an appointment at the sales gallery, please contact [email protected] or visit The Ritz-Carlton Residences, The Woodlands website.
Following the project’s strong sales momentum and the rapid pace of contracting, construction is scheduled to commence in the third quarter of this year.
