Jul 9, 2014, 2:58pm HST
Howard Hughes Corp.'s second Honolulu luxury tower to start construction in coming months
Construction is expected to start on The Howard Hughes Corp.'s planned Anaha condominium tower, seen in this rendering, at the former Pier 1 Imports location in Kakaako in the coming months.
Reporter- Pacific Business News
The Howard Hughes Corp. is preparing to start construction in the coming months on its second luxury Honolulu condominium tower called Anaha that is planned for the former Pier 1 Imports location in Kakaako, the senior vice president for the Texas-based firm’s Hawaii operations told PBN.
The Howard Hughes Corp. (NYSE: HHC) said in its first quarter earnings report in March that it had pre-sold 54 percent of the project, which includes 311 units.
“Over the last few months, sales have continued to progress,” Howard Hughes Corp.’s Senior Vice President for Hawaii David Striph told PBN via email.
Last month, the developer broke ground on its Waiea luxury condo tower on a former surface parking lot fronting Ala Moana Boulevard, diagonally across from the Anaha site.
Both towers are part of the developer's first phase of its Ward Village master plan.
The Howard Hughes Corp. plans to add more than 900 residential units in the first phase of its Ward master plan, which includes these two mixed-use high-rises