Howard Hughes Corporation | TRD Research




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Howard Hughes Corporation

199 Water Street, 31st Floor
New York, NY 10038
(212) 732-8257

Howard Hughes Corporation is a real estate development and management company named after the eponymous and eccentric businessman. The company was founded in 1913 and later sold to Rouse Company (it later became known as Summa Corporation, though it reverted to the Howard Hughes moniker in 1994). Many of its projects have been business parks and shopping centers, many of which were in Las Vegas. In 2010, however, it was spun off as its own entity. Among its holdings are several malls (Columbia Town Center in Maryland and Landmark Mall in Virginia), and numerous residential and mixed-use buildings. It also owns New York Citys South Street Seaport, which the company has for years tried to redevelop into condos, apartment buildings, and most recently in 2016 a hotelbut all of those proposals have been left for dead. The seaport has caused other problems for Howard Hughes, which was sued in 2015 for allegedly squeezing out former retail shops in a bid to redevelop Pier 17.

  • Event Financing
  • Address 250 Water Street
  • Neighborhood Fulton Ferry
  • Borough Brooklyn
  • Square feet 290,000
  • Price $ 129,700,000
The owner secured a loan of $129.7 million for the newly acquired property.
  • Event Retail Leasing
  • Address 80 South Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 11,000
The restaurant group inked a lease for the first floor and mezzanine level at Pier 17 in the Financial District.
  • Event Office Leasing
  • Address 89 South Street
  • Neighborhood Fulton/Seaport
  • Borough Manhattan
  • Square feet 19,000
The sports network inked a lease for three recording studios: 1 radio and 2 television.
  • Event Sales
  • Address 163 Front Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 58,500
  • Price $ 24,000,000
  • Price per foot $ 410.26
  • Event Sales
  • Address 85 South Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 20,000,000
  • Event Office Leasing
  • Address 199 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 36,985
The tenant signed a 10-year lease to occupy the 28th floor.

The top 10 companies on the ranking, led by Rose Associates, Extell and the Howard Hughes Corporation, had a total of more than $100 million in liens filed against their properties as the market went from cool and soft in 2012 to hot and heavy in 2016...

Billionaire Lu Zhiqiang's firm bought the two South Street Seaport sites â€' only about 15,000 square feet between them â€' with plans to build an 820,000-square-foot tower, with 440,000 square feet dedicated to residential space and 380,000 square feet of commercial. Howard Hughes Corporation, which is leading the Seaport's redevelopment, bought the sites in two deals last year, totaling about $124 million...