Howard Hughes Celebrates Groundbreaking of The Ritz-Carlton Residences, The Woodlands

THE WOODLANDS, TX -- Howard Hughes Holdings Inc. (NYSE: HHH) broke ground yesterday on The Ritz-Carlton Residences, The Woodlands, the new luxury condominium project designed by Robert A.M. Stern Architects in the acclaimed Howard Hughes community of The Woodlands®. Situated on the last available large-scale residential site on Lake Woodlands, The Ritz-Carlton Residences are designed to provide a personalized and intimate residential experience that sets a new standard for luxury living in Texas. Located 27 miles north of Downtown Houston in a community that is consistently ranked one of the best places to live in America, The Ritz-Carlton Residences has experienced unprecedented sales momentum since being announced earlier this year, with 69% of the homes pre-sold.

“The Ritz-Carlton Residences, The Woodlands is a first-of-its-kind, ultra-luxury condo development on the shores of Lake Woodlands, and the demand we have seen has been nothing short of incredible as it continues to surpass expectations,” said David O’Reilly, Chief Executive Officer of Howard Hughes. “The project commenced its long-awaited pre-sales in late March and closed that first quarter with more than half of its residences pre-sold at prices per square foot never seen in the Houston market. Since that time, sales have continued at a solid pace and set all-time highs for the region. As we celebrate the 50th anniversary of The Woodlands, we are also creating a vision for the next 50 years—anticipating evolving homebuyer preferences and providing our residents and tenants with the highest quality of life in a community with an unprecedented 35% of its acreage permanently dedicated to open green space.”

The first stand-alone Ritz-Carlton condominiums in Texas, the project exemplifies the signature style of Robert A.M. Stern Architects, reflecting a sophisticated, timeless elegance through its modern classicism and grand proportions, with each residence meticulously designed to resemble a grand Texas estate. Balancing generous spaces with more intimate areas, The Ritz-Carlton Residences, The Woodlands offers an overall country-club atmosphere that spans the project’s eight-acre site. The project features approximately 15,000 square feet of expertly crafted, indoor wellness experiences, complemented by three acres of outdoor amenities including approximately 1,200 feet of lakefront shoreline for the private use and enjoyment of owners.

Private sales appointments are available in the project’s 4,000-square-foot sales gallery located at the company’s headquarters in The Woodlands. Douglas Elliman Development Marketing is the exclusive listing brokerage for the project. For more information or to schedule an appointment, please contact sales.info@theresidencesatthewoodlands.com or visit The Ritz-Carlton Residences, The Woodlands website.

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