HONOLULU, Oct. 16, 2018 /PRNewswire/ -- Ward Village®,
the nation's largest LEED‐ND Platinum certified community being developed by
The Howard Hughes Corporation® (NYSE: HHC), welcomed future
residents onsite yesterday to witness the commencement of
construction on their new homes at 'A'ali'i. The mixed-use
residential development is the first of its kind in Hawai'i,
featuring 751 units with a seamless turnkey experience and
space-maximizing design. 'A'ali'i has received very strong local
demand with more than 76 percent of homes sold since sales began in
January. The new building will join the four other Ward Village
towers either already delivered or under construction—Waiea®,
Anaha®, Ae'o®, and Ke Kilohana—in continuing to transform Ward
Village into the premier neighborhood for smart urban living in
Honolulu. At full build-out, the
60-acre community will include approximately one million square
feet of unique retail and food and beverage experiences, and more
than 4,500 homes.
"We have spent years studying the most cutting-edge residential
product in the world, and 'A'ali'i represents our vision of an
experiential lifestyle that does not currently exist in the
market," said David R. Weinreb, CEO
of The Howard Hughes Corporation. "Our robust sales across Ward
Village are reflective of the growing market demand for turnkey
living solutions and innovative home designs that empower residents
to make the most out of their homes."
Designed by award-winning architecture firm Solomon Cordwell
Buenz and locally-based Ferraro Choi
& Associates, in partnership with acclaimed interior designer
Rottet Studios, 'A'ali'i presents a design-conscious lifestyle that
embodies the hallmarks of Ward Village—a holistic community
highlighting wellness, art, food, culture and convenience. The
building, located next to Aeʻo® and the recently opened
flagship Whole Foods Market, will include up to 11,300 square feet
of new street-level retail and nearly an acre of recreational
amenities.
"The groundbreaking of 'A'ali'i marks yet another milestone in
our development of Oahu's new
pedestrian-friendly urban neighborhood," said Simon Treacy, President of the Hawaii region, The Howard Hughes Corporation.
"We could not be more pleased with the response from homeowners who
are excited to live in our innovative and diverse community that is
setting a new benchmark for urban living."
ʻAʻaliʻi pairs smart design with a collection of resort-caliber
amenities to maximize health, wellness and relaxation. Amenities
include Lāna'i 42, a penthouse-level sky deck offering a rooftop
fitness club, outdoor yoga studio, sunset lounge and ocean-view
event spaces. The ʻAʻaliʻi pool deck is complete with an adult
pool, cabanas, barbecue pavilions, indoor and outdoor event spaces,
and a children's play/splash area.
A community that is redefining Hawaii's modern lifestyle, Ward Village was
recognized as the "Best-Planned Community in the United States" by Architectural
Digest, and most recently as the "Master Planned Community of
the Year" by the National Association of Home Builders. The
neighborhood provides world-class amenities including walkable
pathways and dedicated bike lanes that offer immediate access to a
new upcoming Central Plaza, world-renowned restaurants, unique
local retailers, and free community events. Since beginning sales
in early 2014, Ward Village has sold more than 1,850
homes.
For more information, visit www.wardvillage.com.
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. Honoring the distinct history of its
land, 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, as well as the
recently revitalized Kewalo Harbor. Since beginning sales in 2014,
Ward Village has sold or contracted to sell more than 1,850 homes.
At full build-out, the development will include approximately one
million square feet of unique retail experiences and more than
4,500 homes to the community that was recently named "Master
Planned Community of the Year" by the National Association of Home
Builders and "Best Planned Community in the United States" by Architectural
Digest.
Resulting from strong demand for new housing in Honolulu and the desire for an urban walkable
lifestyle, Ward Village is quickly approaching the sellout of its
first four mixed-use residential towers that are either delivered
or under construction—Waiea®, Anaha®, Ae'o®, and Ke Kilohana—which
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.
'A'ali'i, the innovative building offering a seamless turnkey
living solution, has been met with very strong demand and along
with future buildings 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, with
public art highlighted throughout the neighborhood, including
large-scale wall murals, sculptures and locally inspired exhibits.
Home of the inaugural Honolulu Biennial in 2017, Ward Village will
once again be the hub when The Howard Hughes Corporation serves as
the co-title sponsor of the biennial in 2019.
As the largest LEED‐ND Platinum certified master plan
development in the country and the only one in Hawai'i, Ward
Village is at the forefront of sustainable community development
and will feature public amenities at a scale not offered by any
other urban development in the state. For more information, visit
http://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 as operating properties and
development opportunities including: The Seaport District 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,
Hawai'i. 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 place making, 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.
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.
Media Contacts:
The Howard Hughes Corporation
Cristina Carlson, 646-822-6910
Vice President, Corporate Communications and Public Relations
cristina.carlson@howardhughes.com
For HHC Investor Relations
David O'Reilly, 214-741-7744
Chief Financial Officer
david.o'reilly@howardhughes.com
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SOURCE The Howard Hughes Corporation