Howard Hughes Corp. to move headquarters to The Woodlands

default
default

default

The Howard Hughes Corp. announced Oct. 21 it will move its headquarters from Dallas to The Woodlands as part of its cost-saving Transformation Plan.

According to a news release from the company, the plan is aimed to reduce overhead expenses by about $45 million to $50 million per year.

The Howard Hughes Corp.’s regional office in The Woodlands is currently located at 2 Hughes Landing Blvd.

“The Woodlands is a natural choice for the relocation of our corporate headquarters—it is our largest regional office and is one of our most successful master-planned communities," Chief Financial Officer David O’Reilly said in a phone interview.

The company also announced new leadership with Paul Layne as the new CEO, replacing David R. Weinreb. The company’s organizational structure will change from a holding-company type to a more decentralized, regional management system, according to a Howard Hughes Corp. news release.


The new plan will create a more lean and focused company built around its master-planned communities such as The Woodlands, according to the company.

It will also require more office space and will need to accommodate additional employees, although exact numbers for each were not yet available from the company this week.

“Our existing offices in The Woodlands are primarily located on one floor of Two Hughes Landing; we know that we will need additional space to accommodate the increased number of employees who will be working at our new headquarters," O'Reilly said.

According to The Woodlands Area Economic Development Corp., Howard Hughes Corp. employed 104 people in The Woodlands in 2018.

O'Reilly said Howard Hughes Corp.'s office portfolio in The Woodlands is almost fully leased.

“We are very proud of The Woodlands, which exemplifies the type of vibrant community that makes up the core of our Howard Hughes portfolio," O'Reilly said. "Our experience from a business perspective has been phenomenal, and the growth that we've experienced has been nothing short of dynamic. We are following in the footsteps of our many corporate tenants who have already made the decision to call the community home. The fact that our Woodlands office portfolio, which is over 2.3 million square feet, is approximately 95% leased is a testament to the quality of the community’s live/work/discover lifestyle.”
By Vanessa Holt
A resident of the Houston area since 2011, Vanessa began working in community journalism in her home state of New Jersey in 1996. She joined Community Impact Newspaper in 2016 as a reporter for the Spring/Klein edition and became editor of that paper in March 2017 and editor of The Woodlands edition in January 2019.


MOST RECENT

Hewlett Packard Enterprise
Hewlett Packard Enterprise to relocate headquarters from Silicon Valley to Springwoods Village

Hewlett Packard Enterprise announced Dec. 1 plans to relocate its headquarters from San Jose, California to a brand new campus in the Greater Houston area, which is under construction in CityPlace at Springwoods Village.

CCEMS provides emergency medical services for approximately 177 square miles of North Harris County. (Courtesy Cypress Creek EMS)
Judge rules Harris County Emergency Services District No. 11 can no longer withhold payments from Cypress Creek EMS

The ESD No. 11 board voted to terminate its contract with CCEMS on Sept. 3 after a long history of disagreements over the two entities’ 16-year relationship.

Houston Methodist The Woodlands Hospital is undergoing an expansion. (Andrew Christman/Community Impact Newspaper)
Work on $250M Houston Methodist The Woodlands Hospital expansion continues, completion expected in 2022

The new patient tower at Houston Methodist The Woodlands Hospital will include for 100 more beds.

To support this initiative, community members are encouraged to visit NAM's Blessing Tree, located at 15555 Kuykendahl Road, Houston, where they can choose a child's name and shop specifically for that child. (Courtesy Northwest Assistance Ministries)
Northwest Assistance Ministries in need of donations to support biggest Season of Blessings campaign in nonprofit's history

Northwest Assistance Ministries is in need of toys, food and monetary donations to provide meals to more than 1,700 families and toys to more than 5,300 children this holiday season. By comparison, the nonprofit provided meals for 994 families and toys for 1,773 children in 2019.

The Texas Higher Education Coordinating Board has launched a campaign to address declining college enrollment numbers across the state since the pandemic started. (Courtesy Pexels)
Texas Higher Education Coordinating Board launches campaign to boost college enrollment

The decline in college enrollment across the state of Texas has prompted several agencies to partner up and create online resources for students and counselors.

(Courtesy Press Waffle Co.)
Press Waffle Co. set to open in The Woodlands on Dec. 4

The restaurant features sweet and savory waffles, gourmet milkshakes, and coffee and espresso drinks.

(Courtesy Shake Shack)
The Woodlands area welcomes 3 new dining locations in November with 4th coming soon

Three new dining locations opened around The Woodlands in November, with a fourth coming soon.

Community Impact Newspaper uses data from the Montgomery County Public Health District for weekly case counts. (Community Impact Newspaper)
Active COVID-19 cases in Montgomery County rise 34% over Thanksgiving week from Nov. 23-30

Active cases increased from 2,513 to 3,365; recoveries grew from 10,655 to 11,019; and the death toll has remained the same at 169.

The Montgomery County commissioners discussed reimbursement payments to various entities for coronavirus expenditures. (Courtesy Adobe Stock)
Montgomery County Commissioners defer CARES Act reimbursements a week

The requested amounts to the counties are for expenses incurred due to the coronavirus.

Howard Hughes
Howard Hughes Corp. announces plans for remaining commercial development in The Woodlands

The last 700 acres of commercial property to be developed in The Woodlands are located mainly in Town Center or on the periphery of the township, according to The Howard Hughes Corp.

Dozens of clinics throughout the county offer COVID-19 testing services. (William C. Wadsack/Community Impact Newspaper)
COVID-19 testing locations remain open in Montgomery County and more local news

Read the latest Houston-area business and community news.