Heath Melton & Dan Kolkhorst

AgendaAgenda

• Introductions• Company Overview• Master Planned Community Overview

• Project Overview• Video• Questions & Answers

Company OverviewCompany Overview

• TWDC to Howard Hughes Corp• The Woodlands Begins• Mitchel sells The Woodlands to 

Crescent RE and Morgan Stanley• Crescent sells interest to The Rouse 

Corp.• Rouse Corp. is purchased by GGP• GGP spins off RE assets and HHC is 

formed• HHC purchases Morgan Stanley 

interest 

Company OverviewCompany Overview

Our MissionThe Howard Hughes Corporation’s mission is to be the preeminent developer and operator of master planned communities and mixed‐use properties. We create timeless places and extraordinary experiences that inspire people while driving sustainable, long‐term growth and value for our shareholders. 

About Us We own, manage and develop commercial, residential and mixed‐use real estate throughout the country. Our company is comprised of master planned communities, operating properties, development opportunities and other unique assets spanning 14 states from New York to Hawaii. 

Company OverviewCompany Overview

Master Planned Community Overview

Master Planned Community (MPC) OverviewMaster Planned Community (MPC) Overview Strong Vision & Comprehensive Plan that guide development and unify the community through

distinctive signage, wayfinding, entry features, landscaping, and architectural/design standards

Offers a variety of housing types, sizes, and prices, with shared common space, amenities, and a vital public realm.

Create their own ecosystem and consist of both residential for-sale real estate, and commercial real estate. This mix of uses, when executed effectively, results in a much more valuable community.

Understand the “virtuous cycle” in MPCs

Rooftops drive commercial development such as retail, office and hospitality. These commercial assets further increase demand and prices for residential land and the “growth cycle” continues.

Large MPCs are truly “small cities”, that have daytime working populations, a breadth of community home types, and commercial real estate to support a live, work, play lifestyle.

Company OverviewCompany Overview

Howard Hughes Corporation Master Planned Community Overview

Our Master Planned Communities in Houston MSAOur Master Planned Communities in Houston MSA

Total Woodlands gross acreage: 28,500

Total Residents: 114,625

Residents at build-out: 132,000

Villages developed: 10 Residential5 Commercial

Remaining Developable Acreage: Approximately 1,348

The Woodlands – The Woodlands, TX The Woodlands – The Woodlands, TX 

Recreation

• 2 membership golf clubs with 135 holes of golf

• 74 outdoor tennis courts, 2 boathouses, 14 community pools and 5 spraygrounds

• 55 sculptures and outdoor art

Nature 7,635 acres of open space, golf courses and forest preserve 212 miles of hike and bike trails and 200 acres of Lake Woodlands 143 neighborhood parks and 7 championship golf courses The Woodlands Waterway

Religion• 43 Religious Congregations

Education• 23 highly-acclaimed public schools and 9 private schools• 3 higher education campuses with 13,000 students enrolled in college courses

Commercial• Over 2,100 employers and 64,000 employees• 34.7 million square feet of commercial development with 11.8 million in office space, 11.4 million in retail space, 3.4 million in

industrial/technical and 8.1 million in Institutional space• Market Street, Hughes Landing, The Woodlands Mall, 7 village shopping centers and 200 specialty and family restaurants• The Cynthia Woods Mitchell Pavilion, one of the top-rated outdoor amphitheaters in the world• The Woodlands Resort & Conference Center, The Westin at The Woodlands, Embassy Suites by Hilton at the Woodlands, The Woodlands

Waterway Marriott Hotel and Convention Center

The Woodlands – The Woodlands, TX The Woodlands – The Woodlands, TX 

14

Total Bridgeland gross acreage: 11,400

Total Residents: 6,620

Residents at build-out: 65,000

Villages developed: 1

Remaining Developable Acreage: 5,072

Bridgeland – Cypress, TX Bridgeland – Cypress, TX 

Amenities 60 miles of interconnecting trails 400 acres of neighborhood, community, and village parks 900 acres of lakes and waterways Community center and resort-style pool, heated lap pool, tennis courts, disc golf course,

nature trail, birding tower, dog parks, canoe launches, skate park, basketball courts, splash pads, paddle boats and Tree House Park

Education Pope Elementary – now open Bridgeland High School and Wells Elementary will open for the 2017-2018 school year A variety of continuing education options offered at Lakeland Activity Center

Community 11,400-acre award-winning MPC 18 homebuilders and 20 model homes Four residential villages with accompanying Village Centers at buildout 84,000 sq. ft. of retail, restaurant and office space now being leased at Lakeland Village

Center 800-acre future Town Center

Places of Worship The Foundry – now open; Houston’s First Baptist Church – under construction Additional options coming soon

Bridgeland – Cypress, TX Bridgeland – Cypress, TX 

FM 830 West of I-45Montgomery County, TX

New Community – Concept Plan Land UseNew Community – Concept Plan Land UseFM 1097

FM 830

League Line Rd

New Community – General Plan Phasing New Community – General Plan Phasing 

New Community – AmenitiesNew Community – Amenities

Recreation

Amenity Center with event space and fitness center

17-acre Village Park

15 neighborhood parks

Public art

Nature 2,000-acre community with 112 acres of open space 15 parks totaling 59 acres 9.5 miles of hike and bike trails, in addition to bike lanes

along the roadways

Religion 2 Religious Congregations

Education Existing elementary and middle school with an additional

elementary to be added in the future

Commercial Commercial retail centers

Home SizeLot Size Up To Price Range

50' 2800 SF from low $300s55' 3300 SF from mid $300s65' 3800 SF from high $300s - 400s75' 4500 SF from $400s - $500’s

New Community – New HomesNew Community – New Homes

Company OverviewCompany Overview

Governance and Development Status Overview

Community GovernanceCommunity Governance• One County

• Montgomery County

• Two Cities• City of Conroe• City of Willis

• Four Municipal Utility Districts• MC MUD #128• MC MUD #128• MC MUD #133• MC MUD #134

• State & Federal

Development & Delivery ScheduleDevelopment & Delivery Schedule

• Start Developmet ‐ April 17• Lot Develivery – Q3/4 – 17• Lot Sales – Q4 – 17• Grand Open – Spring 18’

Final ThoughtsFinal Thoughts

• The Woodlands was an MPC developed in the forest…

• Our new community will be developed with similar principals and methods

• It is our intent to preserve the natural beauty

Questions & AnswersQuestions & Answers