The projects under construction as of mid-2025—1 Riva Row and The Ritz-Carlton Residences—are slated to complete in late 2025 and in 2027, respectively, developer Howard Hughes has stated.
Howard Hughes high-rise 1 Riva Row will offer a 13-story building with 268 units as rental units. The plan includes a four-story amenity center with facilities such as a pool deck with cabanas and a dog park, and it also includes a fitness center.
The estimated completion date for the Ritz-Carlton Residences is March 2027, according to a filing with the Texas Department of Licensing and Regulation. Community Impact previously reported the condominiums will feature 111 private residences, according to Howard Hughes. It will include 15,000 square feet of interior space as well as 3 acres of outdoor amenities.
The backstory
With most areas for single-family development built out in The Woodlands, future residential development is likely to focus on multifamily offerings, Pershing Square CEO Bill Ackman said. Ackman’s company acquired a majority share in Howard Hughes Holdings, the developer for The Woodlands, in May.
"We have some [master-planned communities] like The Woodlands that's, I would say, very far along, [with] very few residential lots left to sell, and the development from here is going to be almost entirely commercial or apartments or condos, office, retail, etc.,” Ackman said.
In May, hedge fund management company Pershing Square announced a $900 million deal that would give Pershing Square a 46.9% stake in the company.
Ackman has joined the HHH board of directors as executive chair, and Pershing Square's Chief Investment Officer Ryan Israel will work in the same position at HHH, Ackman said in May.
“Our role as the master plan developer of The Woodlands has not changed," said Jim Carman, president of the Houston Region for Howard Hughes. Our vision remains laser-focused on creating today’s most sought-after places to live.”
What's next
"What we intend to do is to increase the density and the quality of life and the livability of these kind of small cities that we own," Ackman said in May. "That's kind of the business plan. The result of that will be that, as these cities mature, the [master-planned community] business will generate a larger and larger amount of cash over time."
