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

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Luxury condo sales in Honolulu outpace houses in November

Photo: Jack Tyrrell and Company

Photo: Jack Tyrrell and Company

Sales of luxury condominiums outpaced sales of luxury single-family homes in November 2018. .“For condominiums, the $1.5 to $2 million price range had the strongest performance, up 50 percent, six compared to four last year,” Patti Nakagawa, Global Luxury director for Coldwell Banker Pacific Properties, said in a statement.

These numbers show that demand and interest for luxury condominiums continue to remain high. We continue to stay ahead of and on-trend in this market, and would love to talk real estate with you about what to look forward to in 2019!

Read more from Pacific Business News, below:

Sales of luxury homes on Oahu were relatively flat overall in November, compared to last year, but sales of high-end condominiums outpaced sales of single-family homes for $1.5 million or more, according to a report by Coldwell Banker Pacific Properties.

Overall, there were 39 residential properties sold for $1.5 million or more, compared to 38 sold in November 2017, an increase of 3 percent. The median price of those single-family homes and condos was $1.98 million, an increase of 9 percent from $1.8 million last year.

Of those, 11 sales were for luxury condos, with the highest sale being for $11.07 million on Nov. 29 for a three-bedroom, 3.5-bath unit at Park Lane Ala Moana. That’s compared to nine luxury condos sold during the same month last year, an increase of 22 percent.

There were 28 single-family homes sold for $1.5 million or more in November, compared to 29 sold in November 2017, a decline of 3 percent. The highest prices last month were $9.88 million for a seven-bedroom, five-bath house in Lanikai that sold before it was listed and $7.2 million for a five-bedroom, 5.5-bath home on Kahala Avenue.

“Single-family home sales in the lower price range of $1.5 to $2 million were down by 24 percent, 16 compared to 21 last November, mainly attributable to a lack of desirable inventory in that price range,” Patti Nakagawa, Global Luxury director for Coldwell Banker Pacific Properties, said in a statement. “For condominiums, the $1.5 to $2 million price range had the strongest performance, up 50 percent, six compared to four last year.”

The report noted that escrow activity for luxury properties at the end of November was 10 percent lower than the same time a year ago.

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Industry News: Oahu condo price hits all-time high in January, Locations report says

Photo: view of Waiea from Ala Moana Beach Park. Property of Jack Tyrrell & Company, Inc.

Photo: view of Waiea from Ala Moana Beach Park. Property of Jack Tyrrell & Company, Inc.

2018 is starting off with a bang, with median price for a condo on Oahu already hitting an all-time high this past January. January's median price of $439,000 beats the previous record set in July 2017, which was $425,000. Pacific Business News reports on data from Locations Hawaii, below:

The median price of a condominium on Oahu reached an all-time high of $439,000 in January, beating the previous record set in July, while the median price of a single-family home rose by 7 percent, according to monthly sales statistics from Honolulu real estate firm Locations.

Sales of single-family homes on Oahu reached a 12-year high for January of 258 houses sold, from 255 sold in January 2017. The median price of a single-family home rose to $779,000, from $730,000, the Locations report said.

The number of condos sold on Oahu last month declined by 4 percent to 382 units sold, from 399 units sold during the same month last year. The median price of $439,000 was a 12 percent increase from $393,000 in January 2018, and eclipsed the record of $425,000 set in July.

“The market is off to a healthy start in 2018,” Scott Higashi, President and CEO of Locations, said in a statement. “January single-family home sales were the highest we’ve seen in 13 years, and condo median prices reached an all-time high of $439,000.”

Homes sold more than 30 percent faster in January as well, with the number of days on market dropping to 21 for single-family homes and 20 for condos.

New listings for condos grew 13 percent last month to 763 units for sale, from 675 in January 2017, although new listings for single-family homes declined by 6 percent to 450, from 479 last year.

“With an increase in both new and active condo listings, we can expect to see more sales and increased prices throughout the spring,” Higashi said.  “Additionally, interest rates — while still historically low — are ticking up toward a three-year high.”

Locations compiles its figures by filtering data from the Multiple Listing Service daily. The Honolulu Board of Realtors will release its report this week, based on MLS statistics taken on the last day of the month of everything sold during that month.

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Anaha at Ward Village Welcomes First Residents

Anaha has officially welcomed its first residents! It was an honor to join The Howard Hughes Corporation team, Anaha's new homeowners, and our friend and clients for the blessing ceremony, which was beautifully led by Kumu Hina.

97% of the 317 units in Anaha have already been sold, but please contact us for our listing, which are some of the best and most desirable in the building.

Read the full press release, below:

HONOLULU--(BUSINESS WIRE)--The Howard Hughes Corporation® (NYSE: HHC) announced today that it has begun welcoming residents to Anaha®, the second residential tower to be delivered in Ward Village®, the 60-acre coastal master planned community located in the heart of Honolulu. Named “Best-Planned Community in the United States” by Architectural Digest, Ward Village includes a thoughtfully curated mix of retail and dining experiences set among dynamic public open spaces and walkable streets. The milestone was celebrated with a traditional Hawaiian blessing ceremony.

Upon completion, the community will supply over 4,500 new residences in a market where the availability of new housing continues to fall short of demand. To date, the community has contracted to sell more than 1,200 residences, including 97% of Anaha’s 317 homes.

“The completion of Anaha is another significant milestone for Ward Village as our vision for the community to become a vibrant live-work-play destination continues to come to life,” said David R. Weinreb, Chief Executive Officer of The Howard Hughes Corporation. “With its striking architecture, the building is a transformational addition to the Kaka’ako skyline and, along with Waiea®, a symbol of the level of design and quality we aspire to bring to each residence at Ward Village.”

Designed by Chicago-based Solomon Cordwell Buenz in partnership with Honolulu-based Benjamin Woo Architects, the building is home to a diverse range of stylish residences and well-appointed amenities. Residents of Anaha will be able to enjoy an ocean-view glass bottom pool, state-of-the-art fitness center, a tennis court, a beach volleyball court, a library, an auditorium style movie theater, lounge areas, barbecue cabanas, private dining rooms, a wellness center, a putting green, a dog park, and a keiki play area.

“Anaha is not only a great addition to Ward Village, but furthers the establishment of an engaging, pedestrian-friendly neighborhood that will serve the broader Oahu community,” said Todd Apo, Vice President of Community Development for The Howard Hughes Corporation. “With the dynamic mix of dining, shopping, entertainment, and cultural offerings at Ward Village, such as the first Oahu location of highly-regarded Merriman’s restaurant that will open at the base of Anaha, the neighborhood will continue to attract and serve residents and visitors alike.”

The Information Center and Residential Sales Gallery is located at the iconic IBM Building at 1240 Ala Moana Blvd. For more information, visit www.wardvillage.com.

About Ward Village®

Developed by The Howard Hughes Corporation®, Ward Village is a new 60-acre coastal master-planned community in the heart of Honolulu between downtown and Waikiki in the Kaka'ako district that upon completion will include more than 4,500 homes and 1 million square feet of retail. Ward Village is at the forefront of sustainable community development, integrating 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. Ward Village includes mixed-use residential towers—Waiea®, Anaha®, Ae`o®, Ke Kilohana, and Gateway Towers —that are transforming the popular shopping and dining district into a vibrant neighborhood that offers residences island and ocean views and a thoughtfully curated mix of retail experiences set among walkable open spaces. The most recently approved project, '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, home of the inaugural Honolulu Biennial, which launched 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. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 14 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC with major offices in New York, Columbia, MD, Dallas, Houston, Las Vegas and Honolulu. For additional information about HHC, 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.

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Howard Hughes sets date for Ward Warehouse buildings to come down

Photo: The Howard Hughes Corporation

Photo: The Howard Hughes Corporation

Ward Warehouse officially closed its doors on August 1, 2017 after four decades of business, and now Howard Hughes has announced that demolition work has officially begun! This is only the first step in what will be an exciting development for the Ward Village area. Gateway Towers is planned for the parcel, and sales have already begun. According the Master Plan, Gateway Park will run between the two towers, and a park will also be located across the street on the mauka side of the development.

Read the full report from Pacific Business News, below:

The Howard Hughes Corp. has started demolition work at the shuttered Ward Warehouse shopping complex in Honolulu and plans to tear the buildings down by the end of the year, but has yet to schedule construction of the Gateway Towers project that will replace it.

Re-use Hawaii is collecting salvagable materials to recycle and “remediation work” is being done to the 42-year-old complex, a spokeswoman for The Howard Hughes Corp. (NYSE: HHC) said in an email to Pacific Business News. The Honolulu Police Department and Honolulu Fire Department will also be using the site for first-responder training, she said.

If all goes as planned, the Ward Warehouse buildings will come down in November or December, she said. Layton Construction Co. is the general contractor overseeing the job.

Pre-sales for Gateway Towers, which is being designed by architect Richard Meier & Partners, began two years ago but the spokeswoman told PBN there is no “set date for the start of construction.” According to the Ward Village website, the units there will have one-, two- and three-plus bedrooms and be priced from $1.5 million to more than $20 million. The website also notes the “estimated move-in date” for the project is the fourth quarter of 2019.

Richard Meier & Partners designed the Gateway Towers mixed-use luxury condominium project, seen in this rendering, that will replace Ward Warehouse. The Howard Hughes Corp. began pre-sales on the units two years ago but has not set a start date for construction.

Richard Meier & Partners designed the Gateway Towers mixed-use luxury condominium project, seen in this rendering, that will replace Ward Warehouse. The Howard Hughes Corp. began pre-sales on the units two years ago but has not set a start date for construction.

Meanwhile, The Howard Hughes Corp. is also demolishing the low-rise warehouse buildings across the street to make way for its Aalii mixed-use project. That work will begin around the end of the year, too, and sales for the studio, one- and two-bedroom units there will begin by the end of the year.

The developer this week marked the completion of its second mixed-use tower in Ward Village, Anaha. Its two other Ward Village projects under construction, the Whole Foods Market-anchored Aeo and the Longs Drugs-anchored Ke Kilohana, will be completed in 2018 and 2019.

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Industry News: ​Kakaako condominium prices soar 88 percent in July

Photo: Jack Tyrrell and Company, Inc. One-bedroom luxury rental in Waiea, featured on wardvillagerentalshwaii.com

Photo: Jack Tyrrell and Company, Inc. One-bedroom luxury rental in Waiea, featured on wardvillagerentalshwaii.com

This article originally appeared in Pacific Business News:

Kakaako median condominium prices soared 88 percent to $695,000 last month, with closed sales increasing 15 percent to 47, according to a local market update released by the Honolulu Board of Realtors.

Homes also moved quicker, selling after an average of 12 days on the market, a 37 percent decrease from last July.

Kakaako median condominium prices soared 88 percent to $695,000 last month, with closed sales increasing 15 percent to 47.

Waikiki had a 21 percent drop in condo sales last month, decreasing to 78 from 99 last year. The median price paid for those condos was $367,500, a 6 percent drop from $390,000 last July.

For single-family homes, Hawaii Kai and Kaneohe saw double-digit increases in the median price last month, increasing 18 percent to $1.2 million for Hawaii Kai and 13 percent to $964,350 for Kaneohe.

Closed sales, meanwhile, decreased 6 percent and 12 percent, respectively.

Year-to-date median prices for the neighborhoods are up 8 percent to $1.1 million and $857,250, respectively.

Kahala experienced a 12 percent drop in median price for single-family homes in July, decreasing to $1.5 million from $1.7 million in July 2016. Year-to-date prices are down 4 percent to $1.7 million.

In the Ewa Plain, closed sales increased 28 percent to 73 in July, with the median price inching up 2 percent from last July to $660,000. New listings in the area increased 23 percent to 95.

This area remains popular due to its lower price points and varied options, according to Sue Ann Lee, president of the Honolulu Board of Realtors.

“For homebuyers willing to look outside Urban Honolulu, Leeward and Central Oahu neighborhoods like Wahiawa and Makakilo offer a wide selection of options that fall at or even below the island-wide median sales price of $750,000 for single-family houses and $425,000 for condos and townhouses,” Lee said.

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Real Estate News: Oahu condo prices climb

Photo: Jack Tyrrell & Company, Inc.

Photo: Jack Tyrrell & Company, Inc.

The Honolulu Star-Advertiser's Monday, August 7, 2017, front-page story reported on the continuous climb in condo prices seen on Oahu. The report looks at data from the Honolulu Board of REALTORS, which shows record high median sales price of $425,000 for Oahu condos in July 2017. The median price in Ala Moana-Kakaako for July spiked 88 percent from $370,000 in July 2016 to $695,000 in July 2017. Prices will only continue to climb, as demand outweighs supply, making it more important than ever to find the right Realtor to help you find the best location and unit, and to guide you through the negotiation process to ensure the unit doesn't slip away.  

Read the Star-Advertiser's report, below:

Oahu’s more affordable option for homeownership is climbing in cost as median sales prices for condominiums hit historic highs, as evidenced in July.

Previously owned Oahu condos sold for a median $425,000, increasing 6.3 percent from $400,000 in July 2016, according to resale figures released Sunday by the Honolulu Board of Realtors. The July median sales price for Oahu condos exceeded the previous record high of $415,500, set in April.

“Median sales prices for condominiums are the highest we’ve seen as prices have continued to soar,” Sue Ann Lee, president of the local Realtors trade association and a broker with Properties of the Pacific, said in a statement. “Condos and townhouses at midrange price points are a likely alternative when there is a lack of affordable single-family home inventory, causing the median sales price to shift up.” 

The median sales price for Oahu condos, which also include town homes, has been at $400,000 or above for five straight months. The median price is a point at which half the homes sold for a higher price and half for a lower price.

In July the sales of 475 Oahu condos closed, a 7 percent increase from 444 in the same month last year. As the number of sales rose, median days on the market declined. Sales of condos closed after 14 days on the market, a 22.2 percent decrease from 18 days on the market in July 2016.

Year-to-date, condos make up 60 percent of home sales, with 3,272 sales closed on condos, compared with 2,124 single-family homes.

The area with the most condo sales in July was Waikiki, with 77 sales, followed by Ewa, with 55. There were 45 condos sold in Ala Moana-Kakaako, according to a Wednesday report released by Locations, a major Hawaii residential real estate brokerage firm.

The median price of those sales in Waikiki was $370,000; in Ewa, $387,000; and in Ala Moana-Kakaako, $695,000, according to Locations. The median price in Ala Moana-Kakaako for July spiked 88 percent from $370,000 in July 2016.

As Oahu’s median sales prices for condos broke records, median sales prices of single-family homes saw a modest change. Single-family home prices rose slightly over the same month last year but came in below recent highs.

Single-family houses on Oahu sold for a median $750,000 in July. The July median price inched up 0.5 percent from July 2016’s $746,000.

“It’s like an escalator. It’s going up and up and up at a really constant rate. It has been doing that for about five years here on Oahu,” said Paul Brewbaker, principal of TZ Economics. “These numbers don’t seem to be that much out of bounds with what we’ve seen for a long time, at least since the summer of 2011.”

Despite increasing over the year-ago price, July’s median sales price of $750,000 pales next to the record $795,000 hit the month before. June’s record median sales price was $35,000 higher than the previous record of $760,000 exactly a year earlier. Brewbaker said the difference fits with current seasonality patterns, noting June prices are higher than July and May prices.

The number of single-family homes sold was up 4 percent, with 335 homes sold in July and 322 a year prior.

In July the area with the most single-family home sales was Ewa, with 70, followed by Mililani with 25. Tied for third was Pearl City-Aiea and Leeward with 22, according to Locations.

The median price of those sales in Ewa was $681,875. The median price in Mililani was $731,500. In Pearl City-Aiea it was $745,000, and in Leeward it was $517,500.

While the number of single-family home sales saw a slight increase in July, the number of days a home was on the market during that time surged. The number of days a home was on the market spiked 25 percent in July, with sales closing in an average of 20 days, compared with 16 days in July 2016.

In July, 481 new listings of single-family homes were added to the market. Only once in the last 24 months has the number of new listings been higher: in March, when there were 492 new listings. In comparison, the condo market last month saw 674 new listings.

According to Locations’ Wednesday report, the firm said it expects Oahu condo and single-family home prices to continue a steady climb as demand continues to outpace available supply.

“An uptick in new listings for both single-family homes and condos is welcome news for prospective homeowners; however, demand continues to outpace available inventory,” Scott Higashi, CEO of Locations, said in the report.

HOME SALES
The number of homes sold on Oahu in July with the median price and percentage change from the same month last year:

  • SINGLE-FAMILY HOMES

    • SALES MEDIAN PRICE

    • July 2017 335 $750,000

    • July 2016 322 $746,000

    • Change 4% 0.5%

  • CONDOS

    • SALES MEDIAN PRICE

    • July 2017 475 $425,000

    • July 2016 444 $400,000

    • Change 7% 6.3%

Source: Honolulu Board of Realtors

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The No. 1 reason home inventory is so low, according to Trulia

Photo: Jack Tyrrell and Company, Inc.

Photo: Jack Tyrrell and Company, Inc.

In industry report by Trulia has found that the number one reason  home inventory on Oahu is low is due to the lack of inventory. This fact highlights why becomes increasingly important to find a Realtor working to ensure they utilize all of their resources to find you exactly what you need and make the deal quickly work in your favor.

Read the full report from Pacific Business News, below:

The low number of single-family homes and condominiums for sale has helped keep Oahu’s housing market hot this summer, but a new report by Trulia found the main influence on housing inventory may not be what most real estate experts think.

Trulia reports there are five theories as to why there are so few homes on the market — investors are holding homes as rentals, high prices have made buying unaffordable, owners are reluctant to sell if they can’t buy another home, baby-boomer homeowners can’t or don’t want to move and owners looking to trade up can’t find a home they can afford.

But the No. 1 impact on inventory: Homebuilding, and not enough of it.

Trulia says that every one percentage point increase in housing stock in a market between 2010 and 2016 correlated to a 13 percent increase in inventory.

Trulia also found that investor ownership correlates with lower inventory, with every one percentage point of housing stock owned by investors driving inventory down by 2.8 percent.

According to Trulia’s data, 46 percent of homes in Honolulu are owned by investors, the eighth-highest percentage among the cities in the study. That figure was higher than 53 percent in New York, Los Angeles and San Francisco.

Here on Oahu, the latest report by the Honolulu Board of Realtors found there was 2.7 months of remaining inventory for single-family homes and 2.8 months of remaining inventory for condos, meaning that if no more listings came on the market, the homes would sell out in that amount of time. Those numbers have been less than three months for nearly a year.

Economist Paul Brewbaker of TZ Economics has been saying for years that developers are not building enough new homes to keep up with demand.

He told Pacific Business News earlier this month that the supply of housing “is as constrained as ever” but also questioned whether the demand was as strong as commonly thought, since prices have not risen as high as they should in such a tight market.

Other common reasons often given for constrained inventory don’t correlate as much to actual low inventory, Trulia found.

For example, the share of homeowners in a market who are age 55 or older has some effect on inventory, but not nearly as much as adding new homes to the existing housing stock. For every one percentage point increase in the share of homeowners 55 and over, inventory increases 3.4 percent.

Honolulu’s share of baby boomer owners — 57.4 percent.

The price spread between a homeowner’s current home and the trade-up home has a negligible effect on inventory. For every one percentage point increase in the price spread, there is only a 0.2 percent increase in inventory.

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News: Oahu single-family houses hit record $795,000 in June

Photo: Jack Tyrrell and Company,  Makakilo

Photo: Jack Tyrrell and Company, Makakilo

The Honolulu Star Advertiser reports on July 6, 2017 that the median price for Oahu single-family homes has rise 4.6 percent. Read more below:

The median price for Oahu single-family houses climbed 4.6 percent to a record $795,000 in June while demand for condominiums slipped, according to data released today by the Honolulu Board of Realtors.

Sales of single-family houses rose 14.2 percent to 370 from 324 in the year-earlier period when the median price was $760,000, which was the previous record.

Condos sold for a median $400,000 last month after declining 1.4 percent from $405,500 in June 2016. Sales dipped 2.2 percent to 536 from 548.

Both single-family houses and condos are spending fewer days on the market amid insufficient inventory. Single-family houses set a record with sales closing at an average of 12 days, down from 14 days in June 2016. Condo sales closed at 13 days on the market to tie the previous record of 13 days on the market set in July 2005.

“It is amazing to see record sales prices and also the speed at which homes are selling this summer,” Sue Ann Lee, president of the Honolulu Board of Realtors, said in a statement. “Lack of inventory for single-family houses below $500,000 has pushed the median price higher.”

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Architectural Digest: Ward Village Is the Best-Planned Community in the U.S.

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Architectural Digest had a great feature on Ward Village - the Best-Planned Community in the COUNTRY! We couldn't agree more. From its architecturally unique buildings to its sense of community, Ward Village really is the best place to live, work, and play. 

Read the article, below:

The Howard Hughes Corporation is no newcomer to the master plan. Since the 1950s, the company has overseen the development or expansion of some of the country’s best communities, including Summerlin, Nevada (named after Hughes’s grandmother, Jean Amelia Summerlin); The Woodlands, Texas, which boasts 143 parks and 212 miles of nature trails; and Columbia, Maryland, 50 this year, celebrated for its social and economic diversity and where mailboxes arranged in groups, rather than on individual houses, are meant to encourage inter-neighbor mixing (and do). But something was missing. And that something was a beach.

Planned communities have a reputation for being aesthetically restrictive prefabricated design, with people telling you what color you can paint your house. Beach towns, meanwhile, have never been particularly known for their forward-thinking architecture. But 60-acre Ward Village, in a former Honolulu warehouse district, was made for design nerds—and beach bums. Five mixed-use towers, within walking distance of the Ala Moana Bowls and Kewalo Basin, are designed by some of the country’s best architects. It also presents the first Hawaii project for most of them, including Richard MeierPeter Bohlin, and Jeanne Gang, with interiors by Tony Ingrao. The Vladimir Ossipoff-designed 1960s modernist IBM building, meanwhile, serves as a sort of town center, renovated by Woods Bagot to be heavy in local materials, like lava stone, and feature traditional Hawaiian motifs on the floors and walls both inside and out.

“An appreciation of the arts is at the core of our identity,” says Nick Vanderboom, senior VP of development at the Howard Hughes Corporation. He points to sculpture by British artist Tony Cragg throughout the village; public art on an active construction barricade as curated by Ward Village’s Ke Kilohana Art Gallery; and regular installations by 87-year-old Japanese artist and sculptor Yayoi Kusama, whose latest piece for Ward Village, an installation currently on the front lawn of the IBM building, is part of the inaugural Honolulu Biennial, sponsored by Ward Village and held through mid-May.

And for those who don’t care about art and architecture—though even the least aesthete homeowners get a little excited by the prospect of living in a place designed by the architects who did the Fifth Avenue Apple store [Bohlin Cywinski Jackson], says Vanderboom—there’s plenty more to appeal. Like free yoga in the common, a farmer’s market, hula performances, and an outdoor movie theater already hailed as the best in the state, all of it walkable. Also: a Nobu and a Whole Foods. “It’s in fact one of the only places in the state you can walk to meet most of your daily needs; walkability is unique in Hawaii,” says Vanderboom. And while art and design is all well and good, ultimately, says Vanderboom, “People come here for the lifestyle.”

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Howard Hughes could develop parcel across from Symphony Honolulu condo tower

*Note: Rendering is of Symphony Honolulu

*Note: Rendering is of Symphony Honolulu

Duane Shimogawa of Pacific Business News has learned that the Howard Hughes Corp. have begun the the first steps of looking into development opportunities for its one-acre parcel across the street from the relatively newly completed Symphony Honolulu on Kapiolani Boulevard. The developer has approached the Oahu Island Burial Council to look into "archaeological aspects about the property." Jack in the Box currently occupies the parcel.  Read more below. And, to find more information, including meeting agendas, from the Oahu Island Burial Council, visit their website online here.

The Howard Hughes Corp. is looking into development opportunities for its one-acre parcel across from the Symphony Honolulu condominium high-rise tower, Pacific Business News has learned.

The Texas-based developer recently went before the Oahu Island Burial Council in an effort to look at the archaeological aspects about the property at the corner of Ward Avenue and Kapiolani Boulevard. The property is currently occupied by a Jack in the Box and the Galiher Law building.

The Howard Hughes Corp. is looking into development opportunities for its one-acre parcel across from the Symphony Honolulu condominium tower. This rendering shows the Symphony Honolulu condominium, which is being developed by San Diego-based OliverMcMillan.

Todd Apo, vice president of community development for Howard Hughes, recently told PBN that it currently has no plans for the redevelopment of this parcel.

“The effort at the burial council is to properly consult with them on a plan for the archeological work that will be done in the future,” he said.

Ancient human skeletal remains, or iwi, have been discovered at The Howard Hughes’ 466-unit Aeo mixed-use condominium site in the Honolulu neighborhood of Kakaako that includes Hawaii’s flagship Whole Foods Market, as first reported by PBN.

Apo told PBN that there was an inadvertent find between the exterior of the building and the sidewalk.

He said at the time of finding the iwi, the developer did stop work in the immediate area until it was cleared by the cultural descendants and state Historic Preservation Division.

“Given that the find was outside the exterior wall, it did not impact work on the rest of the project,” Apo said.

Howard Hughes (NYSE: HHC) owns the 60-acre Ward Village master-planned community in the Honolulu neighborhood of Kakaako, which includes the Aeo, Waiea, Anaha, Ke Kilohana, Ward Gateway and Aalii mixed-use condo projects, as well as its Ward Village Shops.

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