Ward Village is growing! The Howard Hughes Corporation’s first workforce tower, Ke Kilohana, is now open to its first residents. This is the company’s fourth completed tower, a majority of which were bought by first-time homebuyers. We congratulate these first-time homebuyers on their new homes, right in the heart of Honolulu and within the growing and dynamic community of Ward Village.
For an inside look at the tower’s interior, visit Pacific Business News here and read their article below:
The Howard Hughes Corp. opened Ke Kilohana, its first workforce tower in Ward Village in Honolulu, on Tuesday to visitors and buyers, including a local couple who received the keys to their unit a day ahead of the first group of 100 that will move in this week.
The 43-story tower with its distinctive gray-and-yellow exterior has a total of 424 units, with 375 of those sold to buyers making between 100 and 140 percent of the area median income, many of whom are first-time homebuyers.
Those included Karen and Ricky Muraoka, who received the keys to their two-bedroom, two-bath apartment after a Hawaiian blessing on the eighth-floor recreation deck and allowed visitors to tour the 35th-floor unit.
Simon Treacy, president and CEO of The Howard Hughes Corp. (NYSE: HHC) in Hawaii, noted that the building is part of the developer’s vision to build homes of varying sizes and price ranges at the 60-acre Ward Village.
“This will not be the last reserved housing tower we will do at Ward Village,” he said.
The 375 reserved units were sold out; Howard Hughes had the remaining three of the market-priced units under contract by April 30, according to the company’s first quarter earnings report. The developer reserved 150 of the 750 units as workforce units at its fifth tower, Aalii, currently under construction behind the fourth tower, Aeo.
The first group of about 100 buyers will receive their keys on Wednesday. The remaining buyers will move in in phases between now and mid June. A 23,000-square-foot Longs Drugs store will open on the ground floor later this year.
Sales for the tower began in March 2016. General contractor Nordic PCL Construction began construction on the $219 million project in October of that year, and topped off the tower last summer. The building was designed by AC Martin and CDS International of Honolulu, with interior public spaces designed by The Vanguard Theory.