Jack Tyrrell specializes in Kakaako, Honolulu, Hawaii luxury condo projects.

Pacific Business News' Duane Shimogawa has reported that Howard Hughes Corp.'s Waiea and Anaha luxury condo buildings are 90% sold.  More information in the article below: 

The Howard Hughes Corp.’s two luxury mixed-use residential towers under construction in Honolulu’s Ward Village are about 90 percent sold, the Texas-based developer said in its first-quarter earnings report.


The Howard Hughes Corp. (NYSE: HHC) reported net income of $143.8 million, or $2.69 per diluted share, for the first quarter, compared to a loss of $106 million, or $2.68 per diluted share, for the same quarter in 2015. The company said adjusted net income for the quarter was $128.9 million, or $3.04 per diluted share, compared to adjusted net income in the first quarter of 2015 of $16.8 million, or 43 cents per diluted share.


The Howard Hughes Corp. says the $403 million Waiea project at Ward Village in Honolulu, which will include a Nobu restaurant, is about 64 percent complete and is expected to be completed by the end of 2016.

The $403 million Waiea project, which will include a Nobu restaurant, is about 64 percent complete and is expected to be completed by the end of 2016. As of April 18, 158 of the 174 total units were under contract, representing about 91 percent of the total units.


The developer’s $401 million Anaha project, which will include a Merriman’s restaurant, is about 36 percent complete and is expected to be done by the second quarter of 2017. As of April 18, 281 of the 317 total units were under contract, representing about 89 percent of the total units.

Howard Hughes’ $430 million Aeo mixed-use tower, which will include a flagship Hawaii Whole Foods Market, began construction in February and is expected to be completed in late 2018. As of April 18, 222 of the 466 total units were under contract, representing 48 percent of the total units.


Ke Kilohana at 888 Halekauwila Street, which includes 375 workforce housing units out of the total 424 units, has pre-sold all of the workforce units. The project will include a Longs Drugs store on the ground floor.

Pre-sales for the Gateway Towers project that would replace the existing Ward Warehouse retail complex have been slower than Waiea, Anaha and Aeo because the pricing and marketing of these units is targeted towards a smaller portion of the market, the developer said.


Construction on the two towers will depend on pre-sales interest and financing for the project.

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