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June 17, 2013
07:06 EDTHHCHoward Hughes gets rezoning approval for Alexandria project
The Howard Hughes Corporation announced that it has received unanimous approval for its rezoning plans for the Landmark Mall in Alexandria, VA, nine miles from Washington, DC. The 11-acre site will be transformed into an open-air, mixed-use community with retail, residential and entertainment components. The 750,000 square foot redevelopment of Landmark will include 285,000 square feet of retail, 400 residential units and an upscale dining movie theater. The company submitted a development permit application to the Alexandria City Council after gaining approval from the Department of Planning & Zoning earlier in the month. Construction is planned to begin by the spring of 2014 with the first phase expected to open by the spring of 2016.
News For HHC From The Last 14 Days
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March 2, 2015
08:42 EDTHHCHoward Hughes reports Q4 adjusted EPS 51c, two estimates 19c
Reports Q4 revenue $207.1M, one estimate $113.5M. EPS excludes $78.6M non-cash warrant gain and $68.5M net non-cash loss relating to the tax indemnity receivable and settlement. MPC land sales increased by $17.6M, or 22.4%, to $96.3M. NOI from income-producing operating assets, exclusive of properties undergoing redevelopment and properties sold, increased $3.3M, or 20%, to $19.8M.

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