Howard Hughes Corp. Enters Self-Storage With Developments in The Woodlands, TX

Update 4/19/17 – HHC and The Woodlands Development have opened the second of two self-storage facilities the companies planned for The Woodlands community. The asset at 32010 FM 2978 followed the College Park Drive location. An official ribbon-cutting ceremony was held at the College Park property, according to the source.

Both locations offer climate-controlled and traditional drive-up units, and feature gated entry, individual unit alarms and video cameras for security. Tenants also have free use of a moving truck and can purchase moving and packing supplies.

"The Howard Hughes Corp. understands that with the many new home opportunities in The Woodlands, there is a need in our community for self-storage,” Jim Carman, vice president of commercial development for The Woodlands Development, told the source. “We are proud to offer a quality product with a high standard in security.”

2/10/17 – The Howard Hughes Corp. (HHC) and its wholly owned subsidiary The Woodlands Development Co. have entered the self-storage industry with two developments in The Woodlands, Texas, a 28,000-acre master-planned community near Houston. The facilities will be managed by CubeSmart, a publicly traded self-storage real estate investment trust and third-party management firm, according to the source.

The newly opened facility at 6375 College Park Drive contains 654 storage units. The second site, along FM 2978, is scheduled to open in April with 784 storage units. Security features at both properties include a gated entry, individual door alarms and video cameras.

HHC owns, manages and develops commercial, residential and mixed-use real estate throughout the country. It was co-founded by Howard R. Hughes Sr. in 1913.

Founded in 1974, the Woodlands Development Co. builds master-planned communities in Houston. The communities include land, office, retail, residential and hospitality properties.

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