Howard Hughes Holdings Inc. announced that long-time Arizona real estate leader Charley Freericks has been appointed President of the Phoenix Region. Mr. Freericks will lead residential and commercial development, leasing, and operations of Teravalis, the new 37,000-acre Howard Hughes community in the Phoenix West Valley. Floreo, the first residential village of Teravalis set to open in 2025, is currently under development to deliver the community’s initial 5,000 homes. At full buildout, Teravalis is anticipated to provide 100,000 homes for 300,000 residents, along with 55 million square feet of commercial development to one of the fastest-growing housing markets in Arizona.
Mr. Freericks is a real estate industry veteran with more than 40 years of experience in large-scale community development throughout Arizona—including acquisition, entitlement, planning and design, implementation, and operations with an emphasis on commercial and mixed-use environments. He most recently served as Senior Vice President at Catellus Development Corporation, the master developer of the Novus Innovation Corridor, a 355-acre redevelopment of Arizona State University’s Athletic Facilities District.
“Charley’s decades of leadership and deep commitment to Arizona will be a tremendous asset to our company as he oversees the development of Teravalis—the innovative master planned community that is meeting the ongoing market demand for homes in one of the country’s most rapidly expanding metro regions, and supporting long-term sustainable growth throughout the Phoenix West Valley,” said David O’Reilly, Chief Executive Officer of Howard Hughes.
Mr. Freericks is an active contributor to non-profit organizations that enhance the Arizona community and business environment. He currently serves on the board of the Arizona Community Foundation, an organization whose mission is to lead, serve, and collaborate to mobilize enduring philanthropy for a better Arizona. He is chairman emeritus of Fighter Country Partnership and Fighter Country Foundation, the premier community support organizations for Luke Air Force Base in Glendale, Arizona. Mr. Freericks has been a member of the Urban Land Institute since 1985, active on the national and local level—a member of a national product council, the Young Leaders Group Partnership Forum, and serving as the past Arizona District Chair. He is a former board member and past chair of Valley Partnership, the Arizona Zoological Society, and the Arizona Advisory Board of the Trust for Public Land.
“I am excited to join Howard Hughes and work with the Phoenix regional team as we collaborate with city of Buckeye, the state of Arizona, and our many local partners to ensure the continued growth and success of Teravalis for generations to come,” said Freericks. “Teravalis will be Arizona’s next great community at the forefront of innovation and sustainability, providing the exceptional lifestyle for which Howard Hughes communities are known.”
Mr. Freericks earned a bachelor’s degree in general business and an MBA from Arizona State University.
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