Bridgeland® Becomes Top-Selling Master Planned Community in Houston
Announcement Comes as Bridgeland® Prepares for Next Phase of Development
CYPRESS, TX (August 8, 2019) — The Howard Hughes Corporation® (NYSE: HHC) is pleased to announce that Bridgeland®, northwest Houston’s premier community, has become Greater Houston’s top-selling master planned community. The milestone – measured by new home starts – was released this week by Metrostudy, a leading provider of market information for the housing and residential construction industry.
The Metrostudy recognition comes on the heels of RCLCO Real Estate Advisors identifying Bridgeland as the top-selling community in the city of Houston. With 351 home sales through mid-2019, a 34% increase over the same timeframe in 2018, Bridgeland is the eleventh best-selling community in the country, moving up seven spots in just six months. These accomplishments, and the fact that Bridgeland has received over 100 awards since opening in 2006, demonstrate Bridgeland’s strong market impact and are particularly significant given that Bridgeland is still a young community in development. See RCLCO’s 2019 Mid-Year Report here.
Bridgeland differentiates itself to buyers by providing not only amenity-rich neighborhoods, but also an active and healthy lifestyle for residents of all ages. The community offers a unique option in the Greater Houston area with 3,000 acres of open space that includes 400 acres of parks, 900 acres of lakes and 250 miles of trails integrated throughout the community.
Over the last decade, the 11,400-acre community has quickly become one of Houston's leading master planned communities with 3,700 homes and 11,800 residents as Houston continues its strong growth. With approximately 30% of the total saleable acreage developed to date, the community of Bridgeland is well positioned for long-term residential and commercial growth to meet the needs of the 65,000 residents projected to live in the community.
According to Heath Melton, Senior Vice President of MPC Residential at The Howard Hughes Corporation, “Crafting and curating a community like Bridgeland from the ground up has been a truly inspiring opportunity and a rewarding experience. Starting with the community’s inception in 2006, our team’s unwavering commitment to masterful design and excellence in execution has paved the way for this recognition from Metrostudy, a milestone that helps us position Bridgeland as one of the leading communities in The Howard Hughes Corporation portfolio.”
As more developments come to fruition within the community, including Lakeside Row The Residences®, The Howard Hughes Corporation’s first multifamily development in Bridgeland, Parkland Square, a new traditional neighborhood design within Parkland Village®, and Bridgeland Central, a future town center in the heart of the community, Bridgeland will continue to attract homebuyers seeking its diverse architecture, excellent schools and premier commercial offerings, all set within an environment focused on health, wellness and an active family lifestyle.
“The future is bright for Bridgeland,” says Melton. “The second half of 2019 and beginning of 2020 will introduce more thoughtful and innovative elements designed to elevate Bridgeland for years to come, and cement our spot at the top of the rankings.”
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Bridgeland is an 11,400-acre master planned community located in Cypress, Texas, consistently ranked one of the top-selling master planned communities in Texas throughout its 12-year history. The award-winning development offers a wide variety of housing options and extensive outdoor amenities, with a strong emphasis on conserving and enhancing the natural environment. Bridgeland has over 3,000 acres dedicated to lakes, trails and parks, and offers a resort-style pool, disc-golf course, stocked lakes and complimentary use of kayaks, paddle boats and other recreational equipment for residents. Lakeland Village Center®, now open, is the first of four retail centers in Bridgeland, with additional plans for a future Town Center along Grand Parkway/Highway 99, which intersects the community. Bridgeland is a development of The Howard Hughes Corporation® managed by The Woodlands® Development Company.
About The Howard Hughes Corporation®
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned communities, as well as operating properties and development opportunities including: the Seaport District in New York; Columbia, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; and Ward Village® in Honolulu, Hawaii. The Howard Hughes Corporation’s portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC.
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The Howard Hughes Corporation
Vice President, Corporate Communications and Public Relations