DALLAS-Howard Hughes Corp., based here, has received unanimous approval from the Hawaii Community Development Authority to build two mixed-use towers on Land Blocks 2 and 3 at HHC' master-planned Ward Village in Honolulu. Phase one of the project – projected for completion in 2016 – will include development of a new sales and information center in the iconic IBM building, which will showcase the master-planned Ward Village, while paying tribute to the community.
Ward Village will involve more than 4,000 residential units and offer more than one million square feet of retail and commercial space. The Land Block 2 project is located along Ala Moana Boulevard at Kamakee Street. The building will feature approximately 171 residences including one-, two- and three-bedroom market-rate units as well as approximately 10 townhomes along Ala Moana Boulevard. With an emphasis on creating more open spaces, the project will be set back from the street, creating a new greenbelt of shade trees and plants along the corridor.
Located at the mauka-Diamond Head (northeast) corner of Auahi and Kamakee Streets, the Land Block 3 project will consist of approximately 312 residential units comprised of one-, two- and three-bedroom residences, including 82 flats and townhomes. It will also include retail on Kamakee Street and a plaza with outdoor seating at the corner of Kamakee and Auahi Streets.
“We are ready to move forward with Phase One for Ward Village,” says Nick Vanderboom, senior vice president of development for Howard Hughes Corp. “The redevelopment is a one-of-a-kind opportunity to invest in Hawaii's future by creating a community that embraces complete streets, best practices in sustainability and healthy lifestyles.” Sales for the first phase of Ward Village residences will begin soon.
Working closely with civic and community leaders, Howard Hughes Corporation has incorporated various design features, including towers with mauka-makai (mountain-ocean) orientations to preserve view corridors as well as creating pedestrian friendly streets and public gathering spaces. The company is also among the first developers in Hawaii to create a set of sustainability goals for a master planned community. The aim is to achieve Leadership in Energy & Environmental Design for Neighborhood Development by obtaining certification for at least 90% of the new buildings; installing flexible cooling systems to reduce energy use; covering more than 50% of available rooftop space with landscaping or solar-reflective materials; and implementing water efficiency measures.
Ward Village's first phase represents more than $1.25 billion in local economic impact and thousands of direct and indirect jobs for O'ahu according to a study by ALH Urban & Regional Economics.
“Our vision for Ward Village is to create an urban, master planned community which offers an exceptional living environment while honoring the area's rich history and culture,” says David R. Weinreb, Howard Hughes Corp.'s CEO. “Beyond being one of our most significant assets, this redevelopment is already serving as a catalyst for the revitalization of Kaka'ako.”
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