The Howard Hughes Corporation®, developer of the Summerlin® master planned community and its 400-acre Downtown Summerlin®, announced that Wynn Design & Development (WDD), the creative arm of Wynn Resorts responsible for envisioning the company’s future, has signed a lease for 38,800 square feet on the top floor at 1700 Pavilion—a new 10-story, Class-A office building under development in Downtown Summerlin.

1700 Pavilion, which is scheduled for completion in the fourth quarter of 2022, will encompass approximately 267,000 square feet on approximately three acres directly south of the Las Vegas Ballpark and feature vantage points with one-of-a-kind views of the entire valley, from The Strip to Red Rock Canyon.

The leasing activity at 1700 Pavilion underscores market demand for Class-A workplaces that are close to home in walkable, amenity-rich environments like Downtown Summerlin.

“Interest in Class-A office space among today’s leading companies, both local and national, continues to be strong,” said Kevin T. Orrock, President, Las Vegas Region, The Howard Hughes Corporation. “In part, this reflects corporate America’s growing focus on creating highly desirable work environments for employees—the very environment Downtown Summerlin is ideally positioned to deliver. Nevada is a low-tax, business friendly state, and Summerlin offers abundant retail, dining, and entertainment amenities, sports offerings, and outdoor recreational opportunities created by its location adjacent to Red Rock Canyon National Conservation Area and the community’s walking trails and parks.”

“Establishing Wynn Design & Development’s new headquarters and Innovation Studio in the dynamic mixed-use area of Downtown Summerlin supports our goal of providing an energetic, social, and invigorating landscape for our new workplace,” said Todd-Avery Lenahan, President, and Chief Creative Officer, Wynn Design & Development. “Our team of accomplished design and development professionals has come to us from all over the world. With WDD becoming a part of the Summerlin community, our staff will enjoy a fantastic live/work environment that is unmatched anywhere else in Las Vegas.

“Establishing 1700 Pavilion as the address for our new WDD innovation center is precedent-setting in Las Vegas in terms of the quality-of-life benefits it offers our team, and how it minimizes the environmental impacts of commuting. With over 70% of our team living on the west side of the valley, we’ll be reducing our collective commuting distance by over 160,000 miles annually. WDD’s new home in Downtown Summerlin reaffirms Wynn Resorts’ commitment to Las Vegas by cementing its corporate presence here as one of the world’s most preeminent hospitality and entertainment brands.”

1700 Pavilion was designed by Hart Howerton, an interdisciplinary planning, architecture, and interior design firm. The building’s design exemplifies Summerlin’s commitment to a healthy, active lifestyle, offering bike storage to encourage cycle-to-work options. The Living Room—a shared common area within the first-floor lobby with reservable conference room and gathering spaces—provides direct access to Pavilion Center Drive and retail and dining options across the street. 1700 Pavilion will feature a touchless entry from the garage to the tenant suites, along with enhanced air filtration throughout.

KGA Architects, a full-service architecture firm with over 40 years of experience specializing in a broad range of product types, completed the production documentation for the 1700 Pavilion parking garage. Whiting-Turner is providing construction management services. CBRE is the official broker of record. For information, contact Randy Broadhead, randy.broadhead@cbre.com. For more information, visit Future.Summerlin.com.

About Summerlin®

Developed by The Howard Hughes Corporation®, Summerlin began to take shape in 1990 and has ranked in the country’s top 10 best-selling master planned communities for nearly two decades. Located along the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with approximately 5,500 gross acres remaining to accommodate future growth, including infrastructure, open space and common areas, all within the master plan. The community is currently home to nearly 100,000 residents who enjoy an unparalleled list of amenities. These include more than 250 neighborhood and village parks, more than 150 completed miles of trails, 26 public and private schools, 14 houses of worship, ten golf courses, shopping centers, medical and cultural facilities, business parks and dozens of actively selling floor plans. Homes are available in a variety of styles—from single-family homes to townhomes—with offerings in a wide price range, including custom homesites in The Ridges. Summerlin is recognized as one of the country’s premier locations to raise a family and to operate a business, named Master Planned Community of the Year for 2020 by the National Home Builders Association.

About The Howard Hughes Corporation®

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned communities, as well as operating properties and development opportunities including: the Seaport in New York City; Downtown Columbia®, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Douglas Ranch in Phoenix. The Howard Hughes Corporation’s portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC. For additional information, visit 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,” “assume,” “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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