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

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Ward Village Kō‘ula architect listed on Time Magazine's 100 Most Influential People

Photo: Time Magazine

Photo: Time Magazine

Jeanne Gang, the principal of Studio Gang Architects (and the team behind Kō‘ula) was recently named to TIME Magazine's 100 Most Influential People of 2019! Kō‘ula is Studio Gang’s first major project on the Hawaiian Islands. The Ward Village development will embody indoor-outdoor living, with each unit designed to have ocean views. Please contact us to learn more about this exciting new project!

Read Time Magazine’s profile of Ms. Gang, below:

Jeanne Gang has the WOW factor. Her stunning Aqua, in Chicago, is the tallest building ever built by a woman. Now she’s building an even taller one. Yet, for Jeanne, architecture is not just a wondrous object. It’s a catalyst for change. Her sleek, woody boathouses are helping to revive the polluted Chicago River by filtering runoff organically. Her Polis Station concept aims to improve the way civilians interact with law enforcement by fusing police stations with civic recreational centers. She recently tested the idea in one of Chicago’s most violent neighborhoods, adding a basketball court to the 10th District police station in North Lawndale.
The results were so popular, she’s now expanding the facility.

Referring to the growing socioeconomic divides in our cities, Jeanne has warned her profession against “sorting ourselves into architects of the rich and architects of the poor,” and focuses instead on discovering “new possibilities for the discipline and beyond.” And it all started with playing in the dirt and making ice castles. Wow.



Irongate to sell Waikiki penthouses by the piece



Developer Irongate has set its sites on a lofty new expansion: The company is converting the penthouse floors in the Diamond Head Tower of the Ritz-Carlton Residences, Waikiki Beach, into an exclusive fractional-­ownership club.

Irongate announced plans to sell 84 shares in its new Diamond Head Club at a party Tuesday night to celebrate the successful fall opening of its most recent tower, which added another 245 ocean-view residences to Ritz-Carlton’s Waikiki offerings. Combined with the ‘Ewa Tower, the 552-unit project is the largest Ritz-Carlton Residences in the world.

But that distinction wasn’t enough for Irongate Chairman and CEO Jason Grosfeld, who has found a way to add even more exclusivity to one of the state’s highest-end projects. The private club will consist of six penthouses perched on the 37th and 38th floors of the 350-foot Diamond Head Tower. The two- to four-bedroom penthouses, ranging from 2,100 to 4,125 square feet, come with exclusive use of a 5,400-square-foot rooftop lanai with a 270-degree ocean and mountain view that stretches from Diamond Head to Barbers Point. They also have access to their own club concierge team and all Ritz-Carlton amenities.

Grosfeld said the club’s interior also will surpass any of the company’s projects to date, which in Hawaii also includes the Trump International Hotel Waikiki.

“It will blow people away,” Grosfeld said.

Grosfeld is referring to the project’s aesthetics, not its price point. Diamond Head Club owners will have a fee-simple interest in a portion of the penthouse, which is a fraction of what it would cost to buy the whole property.

Penthouses sold for $7 million to $20 million for the ‘Ewa Tower, which opened in July 2016, said Sarah Evans, Irongate’s managing director of marketing and sales opportunities. But fractional ownership in the club’s flexible ownership program will start at $700,000 for four weeks spread over the summer and winter, Evans said. There will also be a fixed ownership program that allows owners to come annually during the same peak two-week period, including Christmas and New Year’s, Golden Week and Obon, she said.

Joseph Toy, president and CEO of Hospitality Advisors LLC, expects the market to quickly absorb the club units.

“There’s definitely a market for high-end fractionals, and I expect demand will be elevated because this product is in Waikiki and is backed by the service and amenities of the Ritz-Carlton brand,” Toy said.

Mark Bratton, senior vice president of Colliers International, said developers, especially on the high end, are more bullish than ever about Waikiki. The trick, however, is finding available space to develop or redevelop.

“Most of our stuff was built in the late 1960s and 1970s,” Bratton said. “We’re also constrained by the Ala Wai Canal. If we cleaned it up and made it more approachable, it could become new waterfront, and we’d see more luxury properties on that end, too.”

Grosfeld said the beauty of the club is that it allows Irongate to deliver more luxury development to Waikiki, where construction costs, limited availability of land and lengthy entitlements have created barriers to entry.

“As you can see from the company’s investment in Waikiki over the last 16 years, we are believers, and we certainly would like to do more in Waikiki,” he said.

Grosfeld said Diamond Head Club allows Irongate to reach a whole new market while providing greater choice for buyers. Evans said hotel condominiums on the other floors of the Diamond Head Tower began selling in the summer of 2014 and were largely sold out by mid-2016.

Grosfeld said the new concept is predicated on the belief that there also “are a lot of people, who for about the same amount of money, would rather have a two-, three- or four-bedroom penthouse and are completely fine with just using it for a few weeks or few months of the year.”



Howard Hughes Corporation announces indefinite hold on Gateway Towers

Photo: Howard Hughes Corporation

Photo: Howard Hughes Corporation

The Howard Hughes Corporation announced big changes to its Ward Village Master Plan earlier this week. The long-anticipated, ultra-luxury Gateway Towers, designed by famed architect Richard Meier, has been indefinitely placed on hold. Buyers will be refunded deposits and offered other opportunities for homes at Ward Village. Howard Hughes President Simon Treacy also announced plans for elevated walkways that would connect Ward Village to Ala Moana Beach Park and Kewalo Basin over Ala Moana Boulevard, Auahi Street, and Ward Avenue.  The propose walkways would make connections to several Ward Village condo towers, perhaps at second-story levels where retail stores would be, as well as ground connections at points including a central public plaza within Ward Village.

Read more from Hawaii Public Radio, below:

The Howard Hughes Corporation is playing a big role in changing the look of Honolulu’s urban landscape. Simon Treacy joined the company as president in January, and this week he announced the first major changes to the master plan of Ward Village. Pacific Business News editor in chief A. Kam Napier has more.

One of the signature projects of the Ward Village masterplan has been the Gateway Towers, two luxury high rises that would flank the greenspace of the Ward Village Central Plaza, which broke ground last week. Combined, the Gateway Towers would have comprised 236 units and were designed by Richard Meier of Richard Meier & Partners.

Yesterday, Howard Hughes Corp. informed buyers of the Gateway Towers that the buildings have been put on hold indefinitely.

It’s the first major change to the master plan, but not the last according to president Simon Treacy. He also announced this week plans for greener, more park-like experience as Ward Village evolves. The signature piece of this new approach is a proposed, landscaped elevated walkway that would connect Ward Village to Kewalo Basin by going over Ala Moana Boulevard. Imagine something like New York’s High Line as an example of what this could be.

Treacy, with a background in investments and private equity, has lived around the world and tells PBN he views Singapore as a model for urban development.  “Over 63 percent of Singapore is green and we want to have that same level of green around,” he tells PBN.

Other aspects of this move for Ward Village include wider sidewalks with more landscaping and more parks.



Howard Hughes breaks ground on Ward Village Central Plaza

Source: Dennis Oda, Honolulu Star-Advertiser

Source: Dennis Oda, Honolulu Star-Advertiser

Last week, the Howard Hughes Corporation broke ground for its "Dynamic open green space", a central plaza on Auahi Street in Kakaako. The public park will support the entire Ward Village development, including Waiea, Anaha, and the upcoming Aeo, Gateway Towers, and Aaalii. The 1.5-acre site is slated to be complete by January 2019. It will surely be a welcome addition to the community, especially as more residents move into the area. Across the street, at Ala Moana Beach Park, the City and County of Honolulu has banned dogs, so we are grateful to hear that Howard Hughes will be providing an alternative space for Kakaako residents to enjoy the outdoors!

Read more from the Honolulu Star-Advertiser, below:

Hawaii real estate developers usually hold ground- blessing and groundbreaking ceremonies for buildings that will replace open spaces. On Tuesday in Kakaako the opposite happened.

Representatives of Howard Hughes Corp. gathered on a parcel of land, housing the razed remains of warehouse buildings, and announced the start of work to turn the roughly 1.5-acre site into a great public lawn, slated to be completed in January.

Representatives of the Ward Village developer used Hawaiian digging sticks, or oo, to disturb a pulverized pile of asphalt, a move symbolic of starting work on what it envisions will be the first half of a 3-acre central public plaza. The plaza is part of the developer’s 65-acre master-planned community, which also includes up to 4,300 homes — mainly in condominium towers — plus 1 million square feet of retail space.

“We’re really going to make this come to life,” said Todd Apo, vice president of community development for the Texas-based company. “It’s really going to be something amazing.”

More elaborate elements of the plaza, such as water features, shade pavilions and walking paths, won’t be put in place for at least the next few years. Initially the 1.5-acre portion of the plaza will be a grassy area with some trees and landscaping plants. Hughes Corp. plans to use it for events — such as outdoor movies and yoga classes — that are currently held in a courtyard in the nearby IBM Building headquarters, also on Ward Village land.

The board of the Hawaii Community Development Authority, which regulates development in Kakaako, had ordered Howard Hughes Corp. to complete the initial 1.5-acre portion of the plaza by January 2019 as a condition of approving what the developer expects will be its fifth tower in the area, ‘A‘ali‘i.

Howard Hughes Corp. had objected to the condition last year, saying it would be impossible to complete its grand plaza as originally designed by the deadline.

“The (deadline) is impossible to accomplish under any realistic scenario and would allow only for the demolition of buildings and the clearing of the area for temporary open space, with no features or amenities that enhance the experience for the community,” the developer said in its objection filed by attorneys with local law firm Watanabe Ing LLP. “Surely, it could not have been the intent of HCDA to obtain a central plaza that is simply a grassed area.”

HCDA’s board voted for the condition in part because the company had indicated the plaza would be part of Ward Village’s first phase.

At the time, all permitted or completed projects at Ward Village represented 44 percent of building density allowed under Hughes Corp.’s master plan. To date, two towers have been completed, two are under construction and three are permitted but not yet under construction. Recently, Howard Hughes Corp. announced its plan for an eighth tower, Ko‘ula, which along with ‘A‘ali‘i would be on the Diamond Head side of the 1.5-acre lawn and future central plaza.



Howard Hughes' new Honolulu tower, Koula, to reserve all of ground floor for retail

Photo: Pacific Business News

Photo: Pacific Business News

The Howard Hughes Corporation has announced plans for its next condominium project, Koula. The proposed mixed-use tower will feature commercial space on the bottom floor, and will will feature 570 studio, one-, two-, and three-bedrooms units across 41 stories. Koula will be conveniently located across the street from the Ward Entertainment Center on Auahi Street, where Consolidated Theaters is located, and across from the new Whole Foods, which will open next week! 

Connect with me directly to learn more about Howard Hughes' latest plans! And, read more from Pacific Business News, below: 

The Howard Hughes Corp. is taking a slightly different approach with sixth mixed-use tower in Honolulu, called Koula, by reserving all of the ground floor of the 570-unit tower for commercial space and moving the lobby and other residential services to the second floor.

Koula, The Howard Hughes Corp's next mixed-use condominium project, is planned for a site on Auahi Street, next to the Ward Entertainment Center, site of the former warehouse buildings, which were recently demolished, as seen here.

Photo: Pacific Business News

The 41-story building is planned for a site next to the Ward Entertainment Center on Auahi Street, where a group of warehouse buildings were recently demolished. The tower will have a mauka-makai orientation, with the long side facing the Ward Village central plaza, a public park that will stretch from Queen Street to Ala Moana Boulevard.

Koula, The Howard Hughes Corp's next mixed-use condominium project, is planned for a site on Auahi Street, next to the Ward Entertainment Center, site of the former warehouse buildings, which were recently demolished, as seen here.
Work on that park space is getting ready to start, and the first phase, which will include grass and landscaping, is expected to be complete by the end of the year. Sales of the 570 studio, one-, two- and three-bedroom units ranging from 300 square feet to 1,500 square feet at Koula are expected to start late this year or early 2019, assuming the developer completes the entitlement process; prices are not available yet. Construction could start in late 2019.

The name Koula — Hawaiian for red sugar cane — was chosen by Hilo-based Sig Zane Designs. The building is being designed by Studio Gang, which is led by architect Jeanne Gang and has offices in Chicago, New York and San Francisco, and the interiors are being designed by the international design firm Yabu Pushelberg, which has offices in New York and Toronto.

This rendering shows The Howard Hughes Corp.'s planned Koula mixed-use condominium in Honolulu. The 41-story building will have 570 units.

Photo: Pacific Business News

“Koula is a transformative next step for Ward Village” Simon Treacy, president of Hawaii at The Howard Hughes Corp. (NYSE: HHC). “It’s connection to the Central Plaza will activate the streetscape in a vibrant outdoor setting that is intended to foster social connection and public recreation in the heart of Honolulu.”

While the building conforms to the developer’s Ward Village master plan, the Howard Hughes Corp. is asking the Hawaii Community Development Corp., which oversees development in Kakaako, for a modification to allow the podium to be built 75 feet high, instead of the allowed 45 feet, said Todd Apo, vice president of community development. The HCDA has scheduled public hearings on the project for June 6 and June 13, with decision making scheduled for Aug. 1.

The developer did the same for its first five buildings — the completed Waiea and Anaha towers, the Aeo and Ke Kilohana towers under construction and the Aalii tower, which will start construction later this year behind the Koula site.

Photo: Pacific Business News

“It allows you to push the parking in and wrap the building with retail,” Apo said. “From a community standpoint, it makes a lot of sense.”

The entire first floor will be leased to retail and restaurants, as well as part of the second floor. The building is also being designed with a public porte cochere that opens to a courtyard and entrance to the central plaza, where people visiting the park, shops or restaurants may get dropped off. “More of a drop-off experience than a parking experience,” Apo said.

Race Randle, senior vice president of development at Howard Hughes, said the initial phase of the central plaza will involve planting grass “that can handle a lot of use” and other landscaping.

“It really starts to activate the heart of the neighborhood,” he said. Eventually, the developer will wrap buildings around all sides of the public park area.

The Ward Village master plan calls for 1 million square feet at buildout. Randle noted that when Aeo and Ke Kilohana, which will include a 23,000-square-foot Longs Drugs store, are completed, Ward Village will have a total of 400,000 square feet of retail, which includes 200,000 square feet at the Ward Entertainment Center.

The new building will have no public parking, but it is adjacent to the Whole Foods Market-anchored Aeo, where public parking spaces are already open.

Meanwhile, the Whole Foods Market is preparing to open its 72,00-square-foot flagship store at Aeo next week, on May 9.



Anaha Glass-Bottom Pool Featured in National Publication, Travel + Leisure

Anaha's iconic glass-bottom pool has been featured in national Travel + Leisure Magazine. 15 feet of the pool overhangs from the building approximately 80 feet from the ground, creating a "floating in air" effect.

We have a handful of listings for sale and for rent available now, so that you can experience the famous pool for yourself! Contact me for details or visit my website.

Read the full feature by Andrea Romano, below (originally published March 7, 2018), and watch a video above or on Travel + Leisure's website here:

Photo: Travel + Leisure Magazine

Photo: Travel + Leisure Magazine

Are you brave enough to swim in a pool suspended 80 feet in the air?

Anaha, a new 40-story residential building in Honolulu, on Oahu, features artfully designed public spaces, shops, restaurants, and entertainment — but there's one feature that stands out from the rest: a glass-bottom pool 80 feet in the air.

The pool, designed and planned by Surface Design, juts out 15 feet from the side of the building, giving swimmers a beautiful view and a feeling of floating in air. (It’s probably not the best for people with a fear of heights.)

Meaning “reflection of light,” Anaha is designed with curved floor plates and a curtain-wall façade that give the entire building the appearance of a wave of water, glistening in the sun.

The building was designed by Chicago-based Solomon Cordwell Buenz, in partnership with Benjamin Woo Architects, and features an 80-feet by 15-feet “living wall” with 8,000 tropical plants that greets anyone who comes through the front doors.

Next to the pool is the building’s amenity deck, where residents can sit in the sun on relaxing chairs and loungers.

Anaha offers 244 studios and one-, two- and three-bedroom tower residences as well as 73 low-rise flats and townhomes. Residents can enjoy views from the beachfront to Diamond Head, and from Kewalo Harbor to the gorgeous sunset.



Ward Village condo sales aid developer’s profit, The Honolulu Star-Advertiser

Photo: Property of Jack Tyrrell & Company

Photo: Property of Jack Tyrrell & Company

Howard Hughes Corporation has reported that it has sold 93%, or 1,286 of 1,381 condo units, across its Waiea, Anaha, Aeo, and Ke Kilohana condominium projects in Ward Village. The update was a part of the company's Fourth Quarter and Full Year 2017 results, released on Monday, February 26, 2018. Investors and the public can read the financial report on their website here.

With 93% of condos already sold, inventory is tight. However, we currently have three beautiful units at Waiea and eight in Anaha. Plus, there are still great available units in Aeo and Ke Kilohana. Please contact me to learn more!

Read the full Star Advertiser report, below:

The Texas-based developer of Ward Village signed 55 more sale contracts for condominiums in its Ae‘o tower in the fourth quarter, bringing total sales to 91 percent of the project scheduled for completion by the end of this year.

Howard Hughes Corp. gave the sales update Monday as part of announcing its financial results for the last three months of 2017.

The company also said that in the recent quarter it sold two condos in its recently finished Anaha tower, two units at its Ke Kilohana tower that is on pace for completion next year, and no units at its Waiea tower that opened at the end of 2016.

Total revenue recognized from Ward Village condo sales in the fourth quarter was $122 million, which compared with $123 million in the same quarter the year before.

Hughes Corp. “recognizes” revenue from condo sales for accounting purposes even though buyers have not completed their purchases, as allowed under federal tax regulations that permit developers to count a certain percentage of revenue in reflection of how much construction of a tower is completed.

For all of last year, Hughes Corp. recognized $464 million in revenue from Ward Village condo sales, compared with $486 million the year before.

At Waiea, 165 of 174 condos have been sold, or 95 percent of the “ultra-luxury” tower where the average unit price is $3.6 million.

At Anaha, 309 of 317 condos have been sold, or 98 percent of the luxury building where unit prices average $1.2 million.

Ke Kilohana is 92 percent sold, with 390 of 424 units under contract in the “workforce housing” tower where most units are priced between roughly $300,000 and $600,000.

The 55 additional sales at Ae‘o bring pending sales in the upscale tower to 422 out of 466 units priced at $1 million on average.

Overall, Hughes Corp. has sold 1,286 of 1,381 condo units in the four towers, or 93 percent of the total.

Besides Ward Village, Hughes Corp. is developing several master-planned communities and large commercial real estate projects on the mainland. The company said it earned $147 million in the fourth quarter on $301 million of revenue, up from a $44 million profit on $279 million of revenue in the same quarter the prior year. Profit for all of last year was $167 million on $1.1 billion of revenue, down from $202 million on $1 billion of revenue in 2016.



Neighborhood News: New Whole Foods store to open in Kakaako by June

Whole Foods as of February 13, 2018. Photo: Jack Tyrrell & Company, Inc.

Photo: Jack Tyrrell & Company, Inc.

The Honolulu Star-Advertiser reports on the highly anticipated Whole Foods Market in Kakaako below:

Whole Foods Market will open its largest Hawaii store by early summer in Kakaako after a dozen years of planning and setbacks.

Photo: Jack Tyrrell & Company, Inc.

The health food giant that specializes in organic and natural products will begin operations at its fourth Hawaii location by June, the company said Monday.

The latest Whole Foods will occupy the first two floors at the $429 million Ae‘o condominium at 1001 Queen St., part of the master-planned community of Ward Village.

The 72,000-square-foot, two-story store will be more than twice the size of its second-largest Hawaii store in Kailua. The new store will sell locally grown products — including produce, seafood and meats — as well as its popular natural body items, and will offer indoor and outdoor seating.

“We are thrilled to be opening our third store on Oahu and to serve as a new gathering place for the local community,” said Marci Frumkin, a company spokeswoman, in an emailed statement.

The company would not say how many employees it will be hiring or give an exact opening date. It also didn’t disclose future expansion plans for the islands.

Whole Foods first announced its plans to open a Kakaako flagship store in 2006, as the anchor tenant at the site now occupied by TJ Maxx. The Austin, Texas-based retailer planned to open the store in early 2008, but walked away from the project after delays caused by the discovery of iwi, or Native Hawaiian remains, followed by the recession and later the bankruptcy of former developer General Growth Properties.

The new location, on the site of the former Office Depot and Nordstrom Rack, will be blocks away from local natural foods retailer Down to Earth, which is scheduled to open a 13,000-square-foot store in early April on the ground floor of Keauhou Lane, a new mid-rise apartment building at the corner of Keawe and Pohukaina streets.

Whole Foods first entered Hawaii in 2008 with its Kahala Mall store, which is just over 28,000 square feet. That was followed in 2010 by a 27,000-square-foot store in Kahului and a 32,000-square-foot Kailua outlet, which opened in 2012.

The store is part of Dallas-based Howard Hughes’ $7.5 billion master plan calling for 16 towers with as many as 4,300 residential units and 1 million square feet of retail space at the 60-acre Ward Village.



Industry News: Oahu home sales rise 6% in 2017 as prices gain 3%

Lobby of Park Lane Ala Moana, completed in 2017. Photo is property of Jack Tyrrell and Company, Inc.

Lobby of Park Lane Ala Moana, completed in 2017. Photo is property of Jack Tyrrell and Company, Inc.

As we wrap up the end of 2017, we reflect on a big year in real estate. Read more from The Pacific Business News, below: 

Home sales on Oahu increased by more than 6 percent in 2017, while prices gained 3 percent, pushing the median price of a single-family home to $755,000 and a condominium over $405,000, according to the Honolulu Board of Realtors.

There were a total of 3,908 homes sold on Oahu last year, which was 6.3 percent more than in 2016. The median price of $755,000 was 2.7 percent higher than in 2016, when it was $735,000, the board said.

The median price of a condominium was 3.8 percent higher than in 2016, when it was $390,000, while the 5,824 sales represented a 6.9 percent increase from the 5,449 sales in 2016.

For December, however, sales fell 12.2 percent to 461 sales, compared to 525 sales in December 2016. The median price of a condo in December was $405,000, an increase of 3.8 percent from $390,000 in December 2016.

“The 12 percent decrease in condominium sales last month is a bit misleading, since the market experienced a nearly 24 percent spike in December 2016; overall condo sales were still very robust in December 2017,” Sue Ann Lee, president of the Honolulu Board of Realtors, said in a statement.

Single-family home sales increased 5.9 percent in December to 361 sales, from 341 sales in the same month the previous year, while the median price increased 2.7 percent to $750,000, from $730,000 in December 2016.

“In terms of inventory, it’s encouraging to see more condominium and townhome units being actively listed,” Lee said. “While Oahu’s residential real estate market experienced record median prices in 2017 for both single-family homes and condos, demand continues for housing at all price points.”



Howard Hughes hires BlackRock exec to oversee Hawaii development

Simon2Cropped.jpg (1).jpg

HONOLULU--(BUSINESS WIRE)--The Howard Hughes Corporation® (NYSE: HHC) announced today that Simon Treacy has joined the company as President, Hawai’i. In this position, Mr. Treacy will be leading the development, sales and operations of Ward Village®, the acclaimed 60-acre master planned community recently named “Best Planned Community in the US” by Architectural Digest. Since beginning sales in 2014, Ward Village has sold more than 1,300 homes. At full build-out, the community will consist of more than 4,500 residences and approximately one million square feet of retail space.

Mr. Treacy has 20 years of global real estate experience across Asia, Europe and the US. He has lived in Australia, Singapore, Thailand, Hong Kong, Japan, and China, and spent the past four years in New York as BlackRock Real Estate’s Managing Director, Global Chief Investment Officer and Head of US Equity. Prior to BlackRock, Mr. Treacy was a Founding Shareholder and Global CEO of MGPA, which was acquired by BlackRock in 2013, and had $14 billion of funds under management in Asia and Europe. Mr. Treacy is also a global governing trustee in ULI and a leader in urban planning and land use.

“With his long and successful track record in real estate and urban planning, Simon is a tremendous addition to our senior team and well positioned to steer Ward Village as it continues to come to life as one of the leading urban master plans in the world,” said David R. Weinreb, Chief Executive Officer of The Howard Hughes Corporation. “I am particularly pleased to have found a dynamic executive like Simon, who already calls Honolulu home, and who brings a variety of skill sets and experiences that can complement our existing deep bench of talent at Ward Village.”

“My family and I made the decision to move from the mainland to this beautiful and special place last year for personal reasons; I am excited that the opportunity presented itself to join this dynamic company which is transforming Oahu’s urban core,” said Simon Treacy. “I am looking forward to listening, learning, and finding the right ways to be of service in the community as I share my experiences and lead the continued development of Ward Village.”

Mr. Treacy is taking the helm at Ward Village as the community celebrates several recent milestones, including the successful delivery of Anaha®—the second mixed-use residential building in the community. Ward Village has also reached a near sellout of the first collection of homes from its four towers either delivered or under construction—Waiea®AnahaAe`o®, and Ke Kilohana—whose contracted sales have collectively exceeded 93 percent of available homes. Most recently, the launch of sales at ‘A‘ali‘iexpanded the selection of residences at Ward Village with the introduction of innovative smart-living homes. The strong market demand for new housing in Honolulu and the desire for an urban, walkable lifestyle have made Ward Village a sought-after destination for home buyers. The momentum is expected to continue to build throughout the coming years; openings slated for 2018 include the state’s largest Whole Foods Market, as well as the first O’ahu location of the acclaimed restaurant Merriman’s.

As the largest LEED-ND Platinum certified master plan development in the country and the only one in Hawaiʻi, Ward Village is at the forefront of sustainable community development, featuring public amenities at a scale not offered by any other urban development in the state.

About Ward Village®

Being developed by The Howard Hughes Corporation®, Ward Village is a 60-acre coastal master-planned community in the heart of Honolulu located between downtown and Waikīkī in the Kaka'ako district. Ward Village is at the forefront of sustainable community development, integrating significant architecture, local culture, and public space. New tree-lined sidewalks and bike lanes provide access to an over 100-acre public beach park and the Kewalo Harbor. Since beginning sales in 2014, Ward Village has sold more than 1,300 homes. At full build-out, the community will consist of more than 4,500 residences and approximately one million square feet of retail space.

Ward Village includes four mixed-use residential towers—Waiea®, Anaha®, Ae`o®, and Ke Kilohana—that are transforming the popular shopping and dining district into a vibrant neighborhood that offers ocean views and a thoughtfully curated mix of retail experiences set among walkable open spaces. The most recently approved building, ‘A‘ali‘i, will continue to expand the selection of new homes at Ward Village and sit at the top of the Central Plaza, which will serve as a key public gathering and activation space for the community. Art and culture play an integral role at Ward Village, which was the home of the inaugural Honolulu Biennial in 2017. Public art is highlighted throughout the neighborhood, including large-scale wall murals, sculptures and locally-inspired exhibits.

Ward Village is Hawai‘i’s only LEED-ND Platinum-Certified project and is the largest neighborhood development in the country to receive such a prestigious certification. For more information, visit www.wardvillage.com.

About The Howard Hughes Corporation®

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned communities, as well operating properties and development opportunities including: The Seaport District NYC in New York; Columbia, Maryland; The Woodlands®, The Woodlands Hills, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; and Ward Village® in Honolulu, Hawaiʻi. The Howard Hughes Corporation’s portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC. For additional information visit www.howardhughes.com.

Safe Harbor Statement

Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.


The Howard Hughes Corporation
Cristina Carlson, 646-822-6910
VP, Corporate Communications and Public Relations

For HHC Investor Relations
David O’Reilly, 214-741-7744
Chief Financial Officer