Downtown Summerlin

What Downtown Summerlin does

Downtown Summerlin is a 106-acre mixed-use urban destination located within the Summerlin master planned community in Las Vegas, Nevada. Opened in October 2014 by Howard Hughes Communities (Howard Hughes Holdings Inc., NYSE: HHH), the asset integrates retail, dining, entertainment, Class A office space, luxury residential, and sports venues into a single walkable environment serving as the urban core of Summerlin, a master planned community with 130,000+ residents. Notable on-site assets include the Las Vegas Ballpark (a 10,000-seat stadium that is home to the Las Vegas Aviators) and City National Arena (the practice facility of the NHL's Vegas Golden Knights).

The business operates through a diversified real estate platform with four primary revenue streams: retail leasing across 30+ tenants (including Apple, Abercromlie & Fitch, Anthropologie, Bath & Body Works, Whole Foods Market), Class A office leasing across multiple buildings (1700 Pavilion, Meridian, ONE Summerlin, TWO Summerlin, The Suites), residential leasing across 418 luxury apartment units (Tanager, Tanager Echo, Constellation), and sports/entertainment venue operations. Ancillary revenue includes event programming, parking, and ancillary services supporting visitor flow from both the surrounding catchment and the broader Las Vegas MSA.

Downtown Summerlin is the largest U.S. retail development completed following the Great Recession and holds LEED Silver certification along with LEED for Communities precertification, the only such designation in Southern Nevada. Approximately 2,000 acres within Summerlin remain undeveloped, supporting continued expansion. Downtown Summerlin does not report standalone financials; all revenue and operating economics are consolidated within Howard Hughes Holdings Inc. (NYSE: HHH).

Name

Downtown Summerlin

Legal name

Howard Hughes Communities

Website

https://downtownsummerlin.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Downtown Summerlin is a 106-acre mixed-use urban destination in Las Vegas, operated by Howard Hughes Communities, combining retail, Class A office, luxury residential, dining, and sports venues to serve the 130,000+ residents of the Summerlin master planned community and the broader Las Vegas MSA.

Ownership category

akta.pro rank

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Retail Leasing: Downtown Summerlin generates revenue through leasing retail space to national and local boutiques, fashion retailers, and service providers. The destination hosts over 30 shopping locations including Abercrombie & Fitch, Apple, Alo Yoga, Anthropologie, and Bath & Body Works.
2. Office Leasing: Class A office space leasing through buildings including 1700 Pavilion, Meridian, ONE Summerlin, TWO Summerlin, and The Suites. Buildings feature LEED Silver certification and EV charging infrastructure.
3. Residential Leasing: Luxury apartment communities including Tanager (124 units), Tanager Echo (294 units, wrap-style product), and Constellation provide recurring rental revenue streams from urban-style residences.
4. Entertainment and Sports Venues: Downtown Summerlin houses entertainment destinations including Las Vegas Ballpark (10,000-capacity Triple-A baseball stadium, home of Las Vegas Aviators), City National Arena (Vegas Golden Knights NHL practice facility), and Dave & Buster's eatertainment complex.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

Downtown Summerlin is a 106-acre walkable urban destination that integrates retail shopping, dining, entertainment, sports venues, Class A office environments, and luxury residential living within the Summerlin master planned community in Las Vegas, Nevada. It generates revenue primarily through leasing retail space to national and local tenants, leasing Class A office space to professional firms, renting luxury apartment units, and operating/hosting entertainment and sports venues including a Triple-A baseball stadium and NHL practice facility.

Product overview

Downtown Summerlin is a unified master planned urban destination that combines retail shopping, dining, entertainment, sports venues, Class A office spaces, and luxury residential living in one walkable environment. The offering spans multiple directories: Shopping (national retailers and boutiques), Dining (casual to fine dining restaurants), Entertainment (Dave & Buster's, Regal Cinemas, DPAC), Health & Wellness (spas, fitness, dental, optical), Home Furnishings (furniture and décor stores), and Services (banking, salons, childcare). Supporting infrastructure includes Class A office buildings (1700 Pavilion, Meridian, ONE Summerlin, TWO Summerlin, The Suites), three luxury apartment communities (Tanager, Tanager Echo, Constellation), sports venues (City National Arena, Las Vegas Ballpark), and a year-round events program. The destination is owned and developed by Howard Hughes Communities.

Differentiator

Problem solved

Functional benefit

Products and services

• Tanager
• Tanager Echo
• Constellation
• Class A Office Spaces
• Las Vegas Ballpark
• City National Arena
• Events Program

Quantifiable outcome

• Downtown Summerlin achieves LEED Silver certification, the only such precertification in Southern Nevada
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and major.

• Roseman UniversitycoreStrategic or Co-development Partner · 1 January 2022Roseman University operates a dental practice serving Cure 4 the Kids in Summerlin (opened May 2022) and launched the College of Medicine with inaugural class in July 2025. The university also opened Roseman Bioventures, a 120,000-square-foot life science incubator in the area.
• Las Vegas AviatorscoreStrategic or Co-development Partner · 1 January 2018Las Vegas Ballpark at Downtown Summerlin serves as home to the Las Vegas Aviators Triple-A baseball team (Pacific Coast League, Oakland Athletics affiliate). The 10,000-capacity stadium achieved Ballpark Digest's 'Ballpark of the Year' in its inaugural 2019 season with record-setting attendance.
• Wynn Design GroupmajorChannel Partner/ Reseller/ Distributor · 1 January 2018Major office tenant at 1700 Pavilion in Downtown Summerlin. Wynn Design Group occupies space in the LEED Silver-certified office building alongside MP Materials and Clark Hill Law.
• Vegas Golden KnightscoreStrategic or Co-development Partner · 1 January 2016City National Arena, the NHL expansion team's practice facility, is located in Downtown Summerlin. The facility opened in 2017 and serves as the home base for Vegas Golden Knights, the city's first professional hockey team. The team achieved Stanley Cup Finals in its inaugural year.
• Discovery Land CompanymajorStrategic or Co-development Partner · 1 January 2015Joint venture partner for The Summit, a 555-acre luxury resort community south of The Ridges. Discovery Land Company is one of the world's leading developers of private clubs and luxury communities.
• Southern Nevada Water Authority (SNWA)coreStrategic or Co-development Partner · 1 January 2003Partnership to implement Water Smart guidelines community-wide since 2003. Summerlin eliminated grass in front yards and limited grass to 50% of back/side yards. The partnership has saved millions of gallons annually through desert landscaping and drip irrigation.
• Bureau of Land Management (BLM)coreStrategic or Co-development PartnerTwo federal land exchanges (1988 and 2002) with BLM preserved over 6,000 acres of natural land, protecting Red Rock Canyon National Conservation Area and ensuring Summerlin's growth occurs in appropriate development locations.
• U.S. Green Building Council (USGBC)coreOthersLEED certification body that awarded Downtown Summerlin Silver precertification in 2016, the only such precertification in Southern Nevada. Summerlin is also the only LEED Silver precertified community in the region.

Scale indicators9 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Vestar: A privately held developer and operator of lifestyle and entertainment centers including Desert Sky Pavilion and Tempe Marketplace. Vestar's focus on experiential mixed-use destinations with dining, entertainment, and retail components closely parallels Downtown Summerlin's positioning.
• FivePoint Holdings: A publicly traded developer of large-scale master planned communities including Great Park Neighborhoods in Irvine, CA. FivePoint's business model of building mixed-use urban cores within larger MPCs is structurally analogous to how Downtown Summerlin operates within the Summerlin community.
• Brixmor Property Group: A publicly traded open-air shopping center REIT that owns Town Square Las Vegas, a competing suburban lifestyle destination in the same Las Vegas Valley market. Brixmor's portfolio of community and lifestyle shopping centers competes directly with Downtown Summerlin for retail tenants and shopper dollars.
• Federal Realty Investment Trust: A publicly traded REIT that owns and operates high-quality mixed-use and open-air lifestyle destinations including Santana Row, Assembly Row, and Bethesda Row. Federal Realty's portfolio model of integrating retail, dining, office, and residential in walkable urban cores directly mirrors Downtown Summerlin's live-work-play positioning.
• Phillips Edison & Company: A publicly traded REIT that owns and operates neighborhood and community shopping centers, with a growing focus on grocery-anchored lifestyle centers. Phillips Edison's open-air community center model and tenant mix are closely aligned with Downtown Summerlin's suburban retail component.

Broad incumbents

• Howard Hughes Holdings Inc. The publicly traded parent of Downtown Summerlin (NYSE: HHH), which also develops master planned communities including Ward Village, Bridgeland, The Woodlands, Teravalis, and Merriweather District. As the parent and sibling operator of comparable MPC urban cores, it is the most direct institutional comparable for the Downtown Summerlin asset.
• Regency Centers Corporation: A national REIT focused on grocery-anchored and lifestyle shopping centers in affluent suburban trade areas. Regency Centers' tenant mix and demographic targeting overlap significantly with Downtown Summerlin's premium retail tenant roster.
• The Irvine Company: A privately held master planned community developer and operator of The Irvine Ranch, including Newport Beach and Irvine lifestyle centers. The Irvine Company's integrated MPC model with retail, dining, office, and residential mirrors Downtown Summerlin's live-work-play positioning within Summerlin.
• Brookfield Property Partners: A major diversified real estate operator that owns fashion show and lifestyle destinations in Las Vegas including Fashion Show Las Vegas. Brookfield's Las Vegas retail exposure and broader mixed-use portfolio make it a regional incumbent comparable for Downtown Summerlin.
• Unibail-Rodamco-Westfield: A global operator of flagship destination retail and mixed-use properties. While not directly in the Las Vegas market, URW's portfolio of experiential shopping and dining destinations is comparable in scale and positioning to Downtown Summerlin's luxury retail and entertainment offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/downtown-summerlin

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Downtown Summerlin