
| The Howard Hughes Corporation Partners With Childress Klein on Bridges at Mint Hill in Charlotte |
|
DALLAS, September 28, 2011 (BUSINESS WIRE) -- The Howard Hughes Corporation (NYSE: HHC) announced today it is partnering with Charlotte-based Childress Klein to pursue development opportunities for the Bridges at Mint Hill in Charlotte, NC. "We remain focused on realizing the full potential of our development pipeline. Partnering with Childress Klein on the Bridges at Mint Hill enables us to build from their knowledge of the local market and add value to the opportunity. The joining of our two properties will ensure that this becomes the most attractive real estate development site in the Charlotte area." The Bridges at Mint Hill is located at the intersection of Interstate 485 and Lawyers Rd, which is prime placement in the underserved southeast corner of the thriving Charlotte metropolitan area. The parcel is approximately 210 acres and is currently zoned for approximately 1,300,000 square feet of retail, hotel and commercial development. Construction at the Bridges at Mint Hill began in 2008, but was delayed due to changing market conditions. "Partnering with The Howard Hughes Corporation and helping to realize the full potential of a key development in our home market are exciting facets of this project," stated David Haggart, Childress Klein Retail Division Partner. |