THE WOODLANDS – (Realty News Report) – Howard Hughes Holdings is developing a multifamily residential project along the waterfront of The Woodlands Waterway.
The development, called 1 Riva Row, will include both a 13-story tower and four-story residential living, totaling 268 units. 1 Riva Row will have first penthouses offered in a multifamily community in The Woodlands along with ground-level two-story townhomes, and studio, one-, two- and three-bedroom designs.
“1 Riva Row will set the bar for luxury multifamily living in the community, becoming the most sought-after multifamily residences in the area with exceptional amenities and desirable positioning within the walkable urban hub of The Woodlands,” said Crystal Bledsoe, Vice President, Multifamily for Howard Hughes.
1 Riva Row will be located within walking distance of The Woodlands Town Center, The Woodlands Mall, Market Street, Waterway Square, Hughes Landing, and the community’s amphitheater, The Cynthia Woods Mitchell Pavilion.
Howard Hughes will complete the project in the fourth quarter of 2025. The Woodlands, a 28,500-acre award-winning master planned community located 27 miles north of downtown Houston.
Howard Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its assets include a portfolio of master planned communities, as well as operating properties and development opportunities including: the Seaport in New York City; Downtown Columbia in Maryland; The Woodlands, Bridgeland and The Woodlands Hills in the Greater Houston, Texas area; Summerlin in Las Vegas; Ward Village in Honolulu, Hawaii; and Teravalis in the Phoenix area.
The Howard Hughes developments are the site of a significant amount of new housing construction. As a nation, the U.S. has a housing shortage of about 4 million housing units, according to John Saxon, chief of staff for HHH. Recently Saxon spoke at the 57th Annual Real Estate Journalism Conference presented by NAREE – the National Association of Real Estate Editors – in Las Vegas.
Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH.
Aug. 30, 2023 Realty News Report Copyright 2023
Photo courtesy: The Howard Hughes Holdings.
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File: New Residential Tower in The Woodlands