Topping Out of Three Hughes Landing and the Embassy Suites The Woodlands/Hughes Landing

THE HOWARD HUGHES CORPORATION® CELEBRATES THE TOPPING OUT OF THREE HUGHES LANDING® AND THE EMBASSY SUITES THE WOODLANDS/HUGHES LANDING
Class A Office Building and Upscale Hotel Add to Vibrant Atmosphere

THE WOODLANDS, TX (May 7, 2015) – Executives from The Howard Hughes Corporation® (NYSE: HHC) and its wholly-owned subsidiary, The Woodlands® Development Company, along with community leaders celebrated a Topping Out today for both Three Hughes Landing and the Embassy Suites The Woodlands/Hughes Landing. The two properties represent the newest additions to Hughes Landing® in The Woodlands, a 66-acre mixed-use development offering spectacular views of 200-acre Lake Woodlands.

The top beams for both Three Hughes Landing and the Embassy Suites were lifted simultaneously to signify the last beam being placed upon each building. Three Hughes Landing is a 12-story, 321,000- square-foot Class A office building, designed to be LEED Silver Certified. The new nine-story, 205-key Embassy Suites is an all-suite, full-service hotel for both business and leisure travelers.

"We are pleased to celebrate the topping out of the latest Class A office building, Three Hughes Landing, and the highly-anticipated Embassy Suites. This year, we have watched popular retailers, restaurants and a multi-family residence, One Lakes Edge, open in Hughes Landing,” said Paul Layne, Executive Vice President of Master Planned Communities for The Howard Hughes Corporation. "The addition of these fine properties further emphasizes the fact that Hughes Landing is positioned to be a truly vibrant waterfront destination where people live, work and play in a walkable community.”

Hughes Landing also includes Whole Foods Market®, Starbucks®, Kriser’s Natural Pet store, Pier 1 Imports® as well as Restaurant Row featuring Local Pour gastropub with nightly entertainment and openings scheduled soon for Escalante’s Fine Tex-Mex and Tequila, Del Frisco’s Grille, California Pizza Kitchen and more. Truluck’s, a seafood, steak and crab house, is expected to open in the fall of 2015.

The first multifamily development in Hughes Landing, One Lakes Edge, features 390 luxury residences with leasing underway. One Hughes Landing, a 197,719-square-foot, eight-story, Class A office building, opened September 2013, less than ten months after construction began and is now 100% occupied. Two Hughes Landing, a 197,714-square-foot, eight-story, Class A office building, opened in May 2014 and is almost fully leased. Like Three Hughes Landing, both One Hughes Landing and Two Hughes Landing are designed to be LEED Silver Certified.

Photo Caption: Signing a beam at the Topping Out of Three Hughes Landing and Embassy Suites The Woodlands/Hughes Landing are from left to right: Kevin Viteri, General Manager of the new Embassy Suites The Woodlands/Hughes Landing; Greg Parsons, Vice President of Hospitality, The Woodlands Development Company; Peter Doyle, Executive Vice President, Strategic Development, The Howard Hughes Corporation; Mitch Gruberg, Director of Building Development, The Woodlands Development Company; Eric Rabel, Senior Project Manager, The Woodlands Development Company; Jim Carman, Director of Building Development, The Howard Hughes Corporation; Michael Scheurich, President –

General Contractor, Arch-Con Corporation; Keith Carlson, President - Architect of Mitchell Carlson Stone; John Stone, Partner – Architect- Mitchell Carlson Stone; and Travis Walla, Senior Project Manager, The Woodlands Development Company.

About The Woodlands®
The Woodlands is a 28,000-acre master planned community located 27 miles north of downtown Houston. Throughout its 41-year history, The Woodlands has led the way among master planned communities that practice environmental preservation. It is home to over 109,000 people, and more than 50,000 people work in the community. The Woodlands is ranked the #3 Top-Selling Master Planned Community in Texas and #11 in the U.S. by RCLCO, based on 2014 new home sales. For more information, visit www.thewoodlands.com.

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
Lorrie Parise
The Woodlands Development Company lparise@thewoodlands.com
281-719-6344

Tory Enriquez
The Woodlands Resort & Conference Center tory.enriquez@woodlandsresort.com
281-364-6268

Caryn Kboudi
The Howard Hughes Corporation caryn.kboudi@howardhughes.com 214-741-7744