MOMENTUM CONTINUES AS WHISKEY CAKE PLANS OPENING IN RESTAURANT ROW AT HUGHES LANDING ON LAKE WOODLANDS

The Woodlands Development Company (TWDC), a wholly-owned subsidiary of The Howard Hughes Corporation (NYSE: HHC), recently announced that Front Burner Restaurants has signed an 8,000-square-foot lease to open Whiskey Cake Kitchen & Bar on Restaurant Row in Hughes Landing, a 66-acre mixed use development situated on 200-acre Lake Woodlands.

This will be the first Whiskey Cake Kitchen & Bar in the Houston area. Whiskey Cake is also the second restaurant to sign a lease in Hughes Landing, a vibrant destination that will feature up to 11 office buildings, a variety of restaurants and entertainment venues, a specialty grocer, an upscale hotel, a fitness center and up to 800 multi-family residences.

“We are excited that Whiskey Cake has selected Restaurant Row in Hughes Landing for its new location, continuing a momentum of leasing activity. One Hughes Landing recently opened at almost full occupancy in only 10 months from start to completion.  Construction is also underway for Two Hughes Landing, the second of up to 11 office buildings planned for Hughes Landing, ” said Paul Layne, Executive Vice-President of Master-Planned Communities for The Howard Hughes Corporation. “Hughes Landing will provide business executives, residents and patrons the opportunity to enjoy the pedestrian-friendly setting of Hughes Landing while taking in panoramic views of Lake Woodlands.”

Whiskey Cake Kitchen & Bar is a “farm-to-fork, garden-to-glass” restaurant that serves eccentric menus of cuisine and libations along with its famous Whiskey Cake dessert.  The eatery is expected to open in early 2015.

“We are thrilled to open our first Whiskey Cake in the Houston area,” says President of Front Burner Restaurants, Jack Gibbons.  “The restaurant scene there has significantly grown over the past few years, and we think the community will embrace our unique and innovative menu. We’re excited to expand our culinary vision to The Woodlands area.”

Front Burner Restaurants was represented by Jack Breard and Michael Miller of United Commercial Realty while Rip Reynolds, Senior Leasing Manager for The Howard Hughes Corporation, represented The Woodlands in the lease transaction.

About The Woodlands®

The Woodlands is a 28,000-acre master-planned community located 27 miles north of downtown Houston. Throughout its 39-year history, The Woodlands has led the way among master-planned communities that practice environmental preservation.  It is home to more than 105,000 people, and more than 50,000 people work in the community.  The Woodlands is ranked the #1 Top-Selling Master-Planned Community in Texas and #3 in the U.S. by RCLCO, based on 2012 new home sales.  For more information, visit www.thewoodlands.com.

About The Howard Hughes Corporation®

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our 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, TX. For additional information about HHC, 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,” “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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