Default

Upcoming Events

|

"Run For It - Run For…

Apr 19 - 19, 2014
“Run For It – Run for Spot!” Crescent City Classic… more

30 Americans

Apr 19 - Jun 15, 2014
30 Americans showcases works by many of the most important African American… more

An Evening with Chita…

Apr 19 - 19, 2014
Chita Rivera is a living Broadway legend and a two-time Tony winner who… more

Crescent City Classic

Apr 19 - 19, 2014
With top runners from throughout the world participating in previous years, the… more

Earth Day Festival…

Apr 19 - 19, 2014
Join us in celebrating Earth Day with music, food, art, local green vendors,… more

Family Workshop:…

Apr 19 - 19, 2014
Don’t touch that dial! In this fun-filled family workshop, kids and… more

Historic Saturday…

Apr 19 - Nov 22, 2014
One of the keys to understanding NOLA’s past, present, and future is to… more

Living History Corps

Apr 19 - 19, 2014
The Museum’s World War II re-enactors, collectively known as the Living… more

LIVING LEGEND CHITA…

Apr 19 - 19, 2014
***Two time Tony winner and Broadway’s original Anita in “West Side… more

Southern Rep, Stage…

Apr 19 - 19, 2014
Southern Rep, the Stage Door Canteen at the National WWII Museum and… more

The Andrews Brothers

Apr 19 - 26, 2014
Mistaken identities, madcap comedy, romance and miscal treasures fill this… more

Victory Corps Saturday

Apr 19 - 19, 2014
During D-Day on June 6, 1944, the Naval Construction Battalions called… more

Double Violin Concert…

Apr 20 - 20, 2014
Performing Bach's violin concerto and Vivaldi's double violin concerti. more

Early Modern Faces: …

Apr 20 - Jun 29, 2014
This exhibition brings together nearly ninety Old Master paintings and prints… more

Easter Brunch at the…

Apr 20 - 20, 2014
Join us on Easter Sunday, April 20th in the hotel's elegant Grand Ballroom for… more

Irving "Honey"…

Apr 20 - 20, 2014
Various Mardi Gras Indian tribes will line up  for the 1st Annual Irving… more

Kirk Franklin…

Apr 20 - 20, 2014
The new Gospel Brunch experience at House of Blues New Orleans features local… more

Kirk Franklin…

Apr 20 - 20, 2014
The new Gospel Brunch experience at House of Blues New Orleans features local… more

Zurich Classic

Apr 21 - 27, 2014
Golf fans will have a chance to support regional children's charities while… more

Organ & Labyrinth…

Apr 22 - May 6, 2014
Organ Recital & Candlelight with Albinas on the 5000 pipe trinity tracker… more

"Run For It - Run For…

Apr 19 - 19, 2014
“Run For It – Run for Spot!” Crescent City Classic… 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.

 

###