About General Growth Properties

The Ward Neighborhood Plan has been prepared by General Growth Properties, Inc. (GGP), which is a leading developer of master planned communities and mixed-use properties.

General Growth Properties, Inc. brothers Martin and Matthew Bucksbaum transformed their family-owned grocery store into one of the country’s first shopping malls in 1954, ultimately building one of the country’s most admired and respected corporations now publicly traded on the New York Stock Exchange under the symbol GGP.

General Growth Properties, Inc. is one of the largest U.S.-based publicly traded real estate investment trusts (REIT), based upon market capitalization. Best-known for its ownership or management of more than 200 shopping malls in 45 states, General Growth is also a leading developer of master-planned communities and mixed-use properties. It has ownership interest in master-planned communities in Texas, Maryland and Nevada and in smaller mixed-use projects under development in additional locations. Its shopping center portfolio totals approximately 200 million square feet of retail space accommodating more than 24,000 retail stores nationwide. General Growth’s international portfolio includes ownership and management interest in shopping centers in Brazil and Turkey.

Following the 2004 acquisition of The Rouse Company and the Howard Hughes Corporation, GGP has become a leader in the development of mixed-use property creating human scale, live-work-play neighborhoods. Its master-planned projects such as Summerlin in Nevada, The Woodlands and Bridgeland in Texas, and Columbia in Maryland, have set a new standard for urbane, vibrant and integrated town centers.

GGP is setting new standards for the redevelopment of its existing properties into sustainable, mixed-use neighborhoods.

At the Woodlands north of downtown Houston, GGP is the steward of a 28,000-acre forested, master planned community with nine residential villages, a Town Center, the Woodlands Waterway, a resort and conference center, a luxury hotel and convention center, schools, hospitals and health care facilities. The Woodlands was planned to be a self-sustaining community where people can live, work, play and learn in harmony with nature. Since 1990, The Woodlands has been the number one community in Texas in terms of new home sales, and is currently ranked third in the nation.

Houston’s newest master-planned community, Bridgeland, is a living environment of unsurpassed natural beauty that inspires its residents to “find balance in their lives.” Bridgeland encompasses more than 10,000 acres and features an extensive lake and trail system connecting residential, recreational, retail, religious and health and fitness offerings. The Bridgeland regional retail and mixed-use center will be a regional destination for shopping, offices, entertainment, hotel and healthcare facilities. After just one year, more than 350 families reside in Bridgeland. The Shores and First Bend are growing rapidly and two new neighborhoods - The Cove and Lakeland Heights - will begin greeting new residents in 2008. Bridgeland has become the most desirable development in the Houston market, with the highest percentage of new-home seekers considering Bridgeland as their community of choice for their new home purchase.

The 22,500-acre master planned community of Summerlin is located twelve miles from downtown Las Vegas and is home to nearly 95,000 residents, with more than 7,500 acres left to develop. Since its inception in the early 1990s, Summerlin has consistently ranked as one of the top ten master planned communities in the nation. Summerlin includes hundreds of neighborhoods and dozens of villages connected by a 150-mile long trail system and more than 100 parks. It boasts 22 public and private schools, four institutions of higher learning, nine golf courses, major health and medical centers, business parks, shopping centers, and cultural facilities. Its strong tradition of environmental stewardship includes a Nature Conservancy exchange of 5,000 acres of sensitive land that contributed to the establishment of the Red Rock Canyon National Conservation area, and establishment of a Desert Tortoise habitat.

Today, near Salt Lake City, GGP is redeveloping Cottonwood Mall. The Master Plan for the new Cottonwood community contemplates transforming a traditional enclosed mall into a 57-acre live- work-play community that includes 534 residential units, 700,000 square feet of retail and 100,000 square feet of office space.

For more information, please visit the company web site at http://www.ggp.com.




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