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

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New Ala Moana Center food hall The Lanai to open October 2017 with 10 restaurants

Rendering provided by Ala Moana Center

Rendering provided by Ala Moana Center

The Lanai, Ala Moana Center’s new dining concept located in the former Shirokiya space on the mall’s second level, will open Oct. 27, 2017 featuring 10 new and established local eateries.

The dining hall will seat 450 and have indoor and outdoor options. It will sell breakfast, lunch, dinner and grab-and-go options. We are looking forward to this exciting new addition to the neighborhood!

Read more from KHON News, below:

Ala Moana Center is getting ready to open its newest dining area, and on Monday, we learned who will be inside.

Ten eateries will be featured in The Lanai @ Ala Moana when it officially opens on Oct. 27 in the former Shirokiya space on Mall Level 2.

The 18,000-square-foot space will offer seating for up to 450 customers with the option to sit in a dining hall or al fresco beneath festival lighting.

“As food halls continue to increase in popularity across the U.S., we look forward to unveiling Oahu’s newest communal dining concept in the Center’s Diamond Head Wing,” said Francis Cofran, senior general manager of Ala Moana Center. “The Lanai @ Ala Moana will have an artisanal and unique vibe where locals and visitors will be able to relax and explore an eclectic array of options, including popular local foodie favorites served alongside eateries new to Hawaii and one of Oahu’s first agave bars.”

The planned eateries are:

  • Agave & Vine: Hand-crafted cocktails, tequila, wine, and craft beers
  • Ahi & Vegetable: Fresh, high-quality tuna served in an assortment of sushi, sashimi, rolls, poke, and bentos with a side of salad or rice. Cooked foods include teriyaki chicken and beef, grilled fish (ahi and salmon), and more.
  • BRUG: A popular Japanese-style bakery and cafe from Hokkaido featuring artisan baked goods, soups, sandwiches, cold-brewed coffee, and jelly drinks.
  • Da Spot: Exotic food and smoothies.
  • HiTEA Cafe: This Maui-based eatery offers freshly prepared stir-fry dishes with a mix of shrimp, meat, and vegetables, along with fresh fruit juices, smoothies, and tea.
  • Ike’s Place: New to Hawaii, this San Francisco eatery is known for made-to-order sandwich options ranging from turkey to mozzarella sticks or jalapeño poppers topped with the brand’s famous “dirty sauce.”
  • Mahaloha Burger: This locally inspired menu features 100-percent free-range beef from Hawaii island, a variety of sides including sweet potato, onion rings, french fries, and tater tots, and shakes.
  • Sobaya: An authentic Japanese noodle house that specializes in soba (buckwheat), udon, and ramen noodles in soup with a variety of toppings, including popular tempura options.
  • Teppanyaki Farmer: An open kitchen concept where customers can watch their meal being prepared with locally available, farm-fresh products.
  • Uncle Clay’s House of Pure Aloha: All-natural Hawaiian shave ice and locally made ice cream.

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Industry News: Howard Hughes Corp. turns a profit as it recognizes condo revenue

Photo: BRUCE ASATO / BASATO@STARADVERTISER.COM   The   Ae‘o   tower at Queen and Kamakee streets will have a Whole Foods Market on its ground floor. The complex is 32 percent built and slated for completion late next year.

Photo: BRUCE ASATO / BASATO@STARADVERTISER.COM

The Ae‘o tower at Queen and Kamakee streets will have a Whole Foods Market on its ground floor. The complex is 32 percent built and slated for completion late next year.

The Howard Hughes Corporation has reported its Second Quarter 2017 results, which show an overall profit and approximately $150 million in condo sales revenue. The company sold an additional 35 units at Ward Village in Honolulu, increasing the percentage of total units closed or under contract at our four projects under construction to 85.1% as of June 30, 2017.

This past May, American investor Bill Ackman pitched The Howard Hughes Corp. at the annual Sohn Investment Conference, calling it one of the most attractive times in the history of the company to invest.

Read the Honolulu Star-Advertiser's report, below:

Close to $150 million in condominium sales revenue from four towers in Kakaako helped the developer of Ward Village turn a profit in the second quarter.

Howard Hughes Corp. also reported on Monday that it sold 35 more Ward Village condos in the April-June period.

David Weinreb, the company’s CEO, said in a statement that the sales results show “strong momentum” at Ward Village, where Hughes Corp. expects to begin building a new luxury tower called Gateway Cylinder later this year and start sales for a more moderately priced tower called A‘ali‘i this month.

Texas-based Hughes Corp. completed its first Ward Village tower, Waiea, in November and has three under construction — Anaha, Ae‘o, and Ke Kilohana.

Most of the additional sales in the second quarter were at Ae‘o, where a Whole Foods Market will be the anchor retail tenant. Since April 18, there were 29 more units sold in the building, bringing total sales to 321 out of 466 units. Ae‘o is 32 percent built and projected for completion in late 2018.

At Anaha, a tower to be anchored by a Peter Merriman restaurant, there was one more sale since April 18. Of 317 units, 302 have been sold. This tower is 91 percent complete and slated to open by the end of the year.

There were two more sales at Waiea, bringing the total number of units sold to 165 out of 174.

At Ke Kilohana, a tower with mostly below-market prices that broke ground in October, there were no new sales in the second quarter. All 375 below-market units were sold last year at auction. There also are 49 market-priced units being made available in increments. Of these units, 12 were previously sold and eight are available now from the $860,000s. Ke Kilohana is 21 percent complete and slated for completion in 2019.

Ward Village condo sale revenue in the second quarter totaled $148 million, but that isn’t wholly or only from the 35 recent sales. Hughes Corp. recognizes a portion of revenue from all pending condo sales in relation to how much of a tower has been built. Such sales won’t actually be completed with customers paying the developer, beyond initial deposits, until a tower is finished.

Hughes Corp. did not break down revenue by project, but noted that the second quarter was the first time the company recognized any revenue from Ae‘o. Starting next year, Hughes Corp. will discontinue this accounting practice known as “percentage of completion” and shift to recognizing condo sale revenue only when a tower is completed and sales close.

The company’s total revenue in the quarter was $309 million, up from $274 million a year earlier. Profit for Hughes Corp. was $3.1 million in the second quarter, down from $7 million a year earlier.

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