LAS VEGAS – (Realty News Report) – The Howard Hughes Corporation has officially broken ground on a new mixed-use expansion in Downtown Summerlin, Las Vegas, including a 10-story office building and an adjacent multifamily complex.
Summerlin, a master-planned community spanning some 22,500 acres, has maintained its place among the nation’s top-selling master-planned developments for nearly two decades, driven by strong single-family home sales and continued in-migration. The Howard Hughes Corporation also develops major communities in the Houston region, including The Woodlands, Bridgeland and The Woodlands Hills.
The office building, to be known as 1700 Pavilion, will offer approximately 267,000 square feet of office space on just under three acres within Downtown Summerlin. The project reflects growing demand for modern suburban office environments that provide proximity to home, outdoor amenities and walkable, urban-style retail and dining options.
“Downtown Summerlin’s strong momentum is a reflection of current market trends and consumer preferences for working close to home; an active, outdoor lifestyle; and an amenity-rich, walkable downtown within a natural, open environment,” said Kevin T. Orrock, President, Las Vegas Region, The Howard Hughes Corp.
The new tower will sit directly south of the Las Vegas Ballpark, home to the Las Vegas Aviators, the AAA affiliate of the Oakland Athletics, creating a vibrant neighborhood connection between entertainment and workplace uses.
Population shifts and relocations across the country have helped fuel Summerlin’s expansion. In the past year thousands of new residents have arrived from coastal cities such as Los Angeles and San Francisco. The area is expected to continue attracting employers and employees, with particular emphasis on technology, e-commerce, sales and marketing, and entertainment sectors.
“Our urban walkability is an attractive amenity for all ages—from millennials to empty-nesters—seeking to customize their footprint while upgrading their lifestyle,” Orrock added, highlighting the appeal of mixed-use, pedestrian-focused developments.
The pandemic and evolving corporate policies around remote and hybrid work have drawn additional attention to suburban office markets, where employers increasingly seek flexible, amenity-rich campuses that blend work, housing and recreation.
In Houston, The Howard Hughes Corporation has reported positive leasing activity at its Woodlands projects. The developer recently announced multiple new leases across The Woodlands Towers at The Waterway and Hughes Landing. Among those deals, Colliers—a global commercial real estate services and investment management firm—leased roughly 4,100 square feet at 9950 Woodloch Forest Tower, a Class AAA, 31-story office building. Colliers’ leasing team on the transaction included Robert S. Parsley, Norm Munoz and Jillian Fredericks. Colliers also manages leasing for the former Anadarko tower.
June 14, 2021 Realty News Report Copyright 2021
For readers interested in Texas real estate, the book Houston 2020: America’s Boom Town – An Extreme Close Up by Ralph Bivins provides an in-depth look at recent market trends.
Ebook version available.
Image: Rendering Courtesy Howard Hughes Corp.
File: New Suburban Office Project Underway by Howard Hughes Corp. in Summerlin, Las Vegas.