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15th Annual Satchmo…

Aug 2 - 2, 2015
Celebrate our native son, Louis "Satchmo" Armstrong, at this free… more

Anthony Bean…

Aug 2 - 2, 2015
Experience over 80 youth giving an electrifying performance in tribute to the… more

Ashe Cultural Arts…

Aug 2 - Oct 4, 2015
Join us for Ashe to Amen: the Enduring Spirituality of People of African… more

Ashe Cultural Arts…

Aug 2 - Oct 4, 2015
Join us for Ashe to Amen: the Enduring Spirituality of People of African… more

Ashe Cultural Arts…

Aug 2 - 2, 2015
Join us for the opening reception for Ashe to Amen: the Enduring Spirituality… more

COOLinary New Orleans…

Aug 2 - 31, 2015
It is going to be a delicious summer!  During the month of August, enjoy… more

Louisiana SPCA’s…

Aug 2 - 31, 2015
In memory of the 10th anniversary of Hurricane Katrina, the Louisiana SPCA is… more

New Orleans Museum of…

Aug 2 - Sep 7, 2015
Ten Years Gone brings together six artists whose work engages with the broad… more

Off-site Pet…

Aug 2 - 2, 2015
Off-site Pet Adoption, sponsored by the Louisiana SPCA, will be held in the… more

The Historic New…

Aug 2 - 2, 2015
One of the premier decorative arts events in the country, the four-day program… more

The Sweat Social…

Aug 2 - Dec 20, 2015
Designed for wellness travelers visiting New Orleans, the Sweat Social offers… more

American Recovery…

Aug 6 - 8, 2015
The American Recovery Association (ARA) and Harding Brooks Associates, LLC… more

Langlois Girls Night…

Aug 6 - Sep 3, 2015
Bring your friends to Langlois on Thursdays or Fridays this summer for girls'… more

Yappy Hour in the…

Aug 6 - 27, 2015
Join us for  Yappy Hour in the Courtyard at Rare Form, to benefit the… more

Chef's Taste Challenge

Aug 7 - 7, 2015
The Farm to Table Chefs Taste Challenge (CTC), scheduled for August 7, 2015 at… more

Dirty Linen Night

Aug 8 - 8, 2015
Not to be outdone by White Linen Night, Royal Street merchants decided to… more

Off-site Pet…

Aug 8 - 8, 2015
Off-site Pet Adoption, sponsored by the Louisiana SPCA, will be held at… more

Opening Reception -…

Aug 8 - 8, 2015
Join us for the opening reception  at The Foundation Gallery for the… more

Red Dress Run 2015

Aug 8 - 8, 2015
The Annual Red Dress Run through the French Quarter and downtown New Orleans is… more

Saturday Farmers…

Aug 8 - Dec 26, 2015
We are excited to announce the Saturday Farmers Market at the French Market!… more

15th Annual Satchmo…

Aug 2 - 2, 2015
Celebrate our native son, Louis "Satchmo" Armstrong, at this free… more

The Howard Hughes Corporation Announces Redevelopment of Riverwalk Marketplace into Upscal Outlet Center

FOR IMMEDIATE RELEASE
Media Contacts:

Lauren Wakeman
The Howard Hughes Corporation
Lauren.Wakeman@howardhughes.com
504-684-1939

Katie Fauquier
Deveney Communication
kfauquier@deveney.com
504-949-3999
ext, 222

THE HOWARD HUGHES CORPORATION ANNOUNCES
REDEVELOPMENT OF RIVERWALK MARKETPLACE INTO UPSCALE OUTLET CENTER
First Upscale Downtown Outlet a Key Component of New Orleans Retail Revitalization

NEW ORLEANS (July 26, 2012) - The Howard Hughes Corporation (NYSE:HHC) is pleased to announce plans for the redevelopment of Riverwalk Marketplace into an upscale outlet center - The Outlet Collection at Riverwalk.

"The Howard Hughes Corporation is pleased to officially announce our plans to create The Outlet Collection at Riverwalk," said Mark Bulmash, Senior Vice President of Development for The Howard Hughes Corporation. "Our leadership team is committed to being a part of New Orleans' continued revitalization and look forward to bringing a dynamic new concept to this vibrant, charismatic city."

"New Orleans residents have made it clear they need retail," said Mayor Mitch Landrieu. "This planned redevelopment proposes a new tenant mix that will restore Riverwalk as a favorite place to shop for tourists and locals alike and is another step in making New Orleans a regional shopping destination."

Planning to invest approximately $70 million into the transformation of the unique retail venue, The Howard Hughes Corporation will expand its footprint by about 50,000 square feet to an approximate total of 250,000 square feet. The Outlet Collection at Riverwalk will showcase top national retailers with established outlet stores as well as some local retail, dining and entertainment options. Along with being the nation's first outlet center located in a downtown setting, many of the retail establishments will be the first location in Louisiana, New Orleans and the Gulf region for their respective brands. A market that has long been under-served in the retail sector, New Orleans has approximately 30% less square feet of retail per capita than the national average, an important issue among city leaders. Additionally, the mall has not been updated in any significant way by previous owners since its grand opening in 1986, making this a much-needed revitalization.

Rod Miller, President and CEO of the New Orleans Business Alliance added, "This investment by the Howard Hughes Corporation further underscores the opportunity and viability of the New Orleans market. The New Orleans Business Alliance is passionate about improving the city's retail landscape and believes this project has potential to be catalytic in anchoring the Canal shopping district. We will continue to work with Howard Hughes and the City to see this project and others like it to completion."

"The Howard Hughes Corporation's investment in The Outlet Collection at Riverwalk is important to not only District C, but also to the entire city," said Councilmember Kristin Gisleson Palmer. "The property's strategic location and easy access for residents both on the East Bank and West Bank represents a great opportunity for long-term improvement to New Orleans retail and continued development along the riverfront. I am thrilled to partner with The Hughes Corporation to bring this exciting project to our city and proudly look forward to the many more great things to come."

Construction will begin later in 2012, and the property is expected to reopen in late 2013. Information about The Howard Hughes Corporation can be found at visit http://www.howardhughes.com/. Additional information about The Outlet Collection at Riverwalk is at http://www.riverwalkmarketplace.com/.

About The Howard Hughes Corporation
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the country. The company's properties include master planned communities, operating properties, development opportunities and other unique assets spanning 18 states from New York to Hawaii. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC, and is headquartered in Dallas, Texas. For more information about HHC, visit http://www.howardhughes.com/.

Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as "will," "believe," "expect," "enables," "realize," "plan," "intend," "transform" and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's expectations, estimates, assumptions and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation's filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

 

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