10 October 2012
The Howard Hughes Corporation owns the rights to develop a residential tower above the existing Nordstrom parking structure at Ala Moana Center. In May 2011, the company announced a partnership with The MacNaughton Group and Kobayashi Group to jointly develop the project. The 206‐unit, 23 story residential project is currently under design, and the partners anticipate initiating sales before the end of the year. The project will offer luxury living to local and international residents amidst the worldrenowned shopping center and set a new standard for high‐rise living in Hawai‘i. The tower is currently under design with architecture firms Solomon Cordwell Buenz and Benjamin Woo Architects.
Located on 60 acres of land between downtown Honolulu and Waikiki, Ward Centers is a collection of retail, industrial and office assets. Composed of six specialty centers, Ward Centers stretches across a four‐block district that is home to 135 unique shops, including 40 restaurants, sidewalk cafes and eateries.
The Ward Centre complex recently received a $3.5 million renovation and will be the home of Bed Bath & Beyond in the space formerly occupied by Borders Books & Music.
In July 2012, construction began on Phase Two of Ward Village Shops, a 57,000 square‐foot, two‐story retail space along Auahi Street adjacent to the T.J.Maxx store. Phase Two of the Ward Village Shops is expected to open in fall 2013 occupied by Pier 1 Imports and Nordstrom Rack, which will relocate from other existing locations at Ward Centers. This project sets the stage for future phases of development that will begin the transformation of Ward Centers.
Over the next decade, the leading developer will transform Ward Centers into Ward Village, a vibrant neighborhood offering unique retail experiences, exceptional residences and affordable housing set among dynamic open spaces and pedestrian‐friendly streets.
The redevelopment by The Howard Hughes Corporation, the largest private land owner in Kaka‘ako, is a key component of the area’s planned revitalization, and represents one of the last opportunities to shape the face of urban Honolulu. The vision for Ward Village is consistent with the master plan approved by the Hawai‘i Community Development Authority (HCDA). In January, 2011, The Howard Hughes Corporation entered into a development agreement with the HCDA, which allowed for up to 9.3 million total square feet of mixed‐use development, including more than 4,000 residential units and over one million square feet of retail and other commercial space. The Howard Hughes Corporation assumed ownership of Ward Centers from General Growth Properties in November 2010.
The Howard Hughes Corporation owns two ten‐acre parcels on the island of Maui. This agricultural land was a part of the Victoria Ward land holdings.
David Striph, Senior Vice President – Hawai‘i Bobbie Lau, General Manager, Ward Centers.
Nick Vanderboom, Vice President, Development.
Address
The Howard Hughes Corporation 1240 Ala Moana Boulevard
Suite 601
Honolulu, HI 96814
Phone
(808) 591‐8411.
Jill Bona
jill@bennetgroup.com
Bennet Group
(808) 291‐0421