Hughes AE’O at 1001 Queen St.

aeo_001AEʻO AT 1001 QUEEN

Coming to Ward Village Summer 2015

Your Opportunity to Live in Honolulu’s Vibrant New Community

Starting from the Low $400k’s – According the permit application submitted to the HCDA, the project will feature 65 studios, 220 one-bedroom units, 125 two-bedroom units, and 56 three-bedroom units.

Offering unique residences designed by internationally recognized architecture firm Bohlin Cywinski Jackson and an inspiring amenity experience for a healthy lifestyle, Aeʻo at 1001 Queen will set the tone for modern urban living in Honolulu. With beautifully designed studio, one, two, and three bedroom floor plans, Aeʻo residences feature panoramic or partial ocean views and some of the highest quality design, finishes, and amenities in Honolulu.

Enjoy life in the heart of Ward Village where Whole Foods Market, Ala Moana Beach Park and over 135 shops and restaurants are just steps from home.

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Hawaii architect Rob Iopa shares the story behind the design of Kakaako’s Waiea tower

Courtesy The Howard Hughes Corp. The Waiea tower

Courtesy The Howard Hughes Corp.
The Waiea tower

The Waiea, The Howard Hughes Corp.’s luxury residential high-rise on Ala Moana Boulevard, will feature one of the most unique exterior designs among the high-rises in Kakaako, reflecting the area in which it is being built.

Rob Iopa, president of Honolulu’s WCIT Architecture, who had a major role in designing the tower on a former surface parking lot in Ward Village, shared with PBN the story behind the design.

“Essentially, it’s a story of two Hawaiian fishing gods, a father and son from Kauai, who stopped on every island to teach everyone to fish,” he said. “They stopped in Kakaako and found this as their home. When the father passed, he gave his son five fishing tools that were used by Hawaiians to fish. The tower was designed with this story in mind.”

The tower, Iopa said, has two segments, the taller and shorter parts, with a net that creates the glass facade.

“This land was part of the ocean,” he said. “The former shoreline was right where Ala Moana Boulevard is.”

Another part of the story is that the Waiea is a rare example of a local architectural firm playing a major role in the exterior design of a new Kakaako high-rise. Most of the design work is going to out-of-state firms. Find out why in PBN’s Friday print edition.

Duane Shimogawa Reporter – Pacific Business News

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Half of units in Howard Hughes’ luxury Honolulu towers sold to Hawaii residents

remade_003More than half of the buyers in The Howard Hughes Corp.’s first two luxury condominium towers in Honolulu are from Hawaii, with the remaining buyers from Japan, Canada, China, Korea, Australia and the Mainland, the Texas-based developer said Friday in a letter to its shareholders.

The Howard Hughes Corp. (NYSE: HHC) said that 25 percent of the buyers of the total of 482 units in the Anaha and Waiea towers under construction in Kakaako — which, combined, are more than 80 percent sold — are from Japan, while about 10 percent are from the Mainland U.S.

“The sales to date demonstrate the pent-up demand for quality residential product in the urban core of Honolulu, and the broader undersupply of housing on the island of Oahu,” David Weinreb, CEO of The Howard Hughes Corp., said in the letter. “Despite the increase in recent development activity on Oahu, current housing production remains near historic lows.”

Oahu needs to produce about 4,000 units annual simply to meet existing demand, according to the University of Hawaii Economic Research Organization.

Honolulu single-family housing permits in 2014 totaled only 809, resulting in an ongoing shortfall that is difficult to close due to the lack of available land for development, the developer said.

“2014 was also a seminal year in progressing the next phase of projects at Ward Village,” Weinreb said. “In November, we obtained approval of the Ward Village Gateway, two towers designed by Richard Meier & Partners that will frame the initial portion of our four-acre community park space, connecting the core of the community from the harbor to a planned rail stop in the heart of our site. We also made progress on plans to bring a major grocery store to the neighborhood.”

In May, the developer signed a lease agreement with Whole Foods Market for a 50,000-square-foot store that will become its Honolulu flagship store.

In addition to Whole Foods, The Howard Hughes Corp. said its plan for this block includes additional retail and over 400 residential units, designed by internationally renowned architects Bohlin Cywinski Jackson who are probably best known for their work creating flagship Apple stores. The developer received approval for this project in February.

“Our focus on bringing the top architectural talent from around the globe to Hawaii is something that we believe will further separate Ward Village from its competition, creating a community that is unique not just in Hawaii, but benchmarked against other great urban master plans across the globe like Hudson Yards in Manhattan and Battersea Power Station in London,” Weinreb said.

Duane Shimogawa Reporter – Pacific Business News

Moving ForWard March Newsletter

988HalekuwilaToday Howard Hughes Corp announced our revised plans for the 988 Halekauwila project that, if approved by the Hawai‘i Community Development Authority (HCDA), would provide more affordable rentals to residents in urban Honolulu. The Howard Hughes Corporation submitted a motion to the HCDA for the option to allow the previously approved for-sale residences at 988 Halekauwila to be built as workforce rentals. If approved, Ward Village will be able to offer homes to a significant number of local families and individuals earning 80 to 100 percent of the area median income (AMI). The building would be Honolulu’s largest affordable rental development in decades.

“Ward Village is master-planned to provide quality homes for owners and renters at different income levels,” said David Striph, senior vice president of Hawai‘i for The Howard Hughes Corporation. “We want local individuals and families who live and work in the area to find their future home at Ward Village and are requesting this change to help fulfill the need for workforce housing in Honolulu, offering more local residents the opportunity to live in a master-planned neighborhood complete with community amenities.”

The 988 Halekauwila project is currently approved as for-sale and would be reserved for residents making 100 to 140 percent of the AMI. Rental units, which are available to those with lower average median incomes making 80 to 100 percent of the AMI, help meet the community’s need for long-term affordable housing. For a single person, 80 to 100 percent of AMI equates to an annual salary of $53,700 to $57,820. This offers greater affordability than the for-sale option for individuals making up to 140 percent of AMI, which equates to an annual salary of $80,948. The change to offer units as rental will not change the number of reserved housing units – 375 – offered by the project. It will also extend the period of affordability required for the units from two to five years (for-sale) to 15 years (for-rental).

“The addition of affordable rentals for our local community is a positive step in the right direction,” said Rev. Bob Nakata, Co-Chair of the Housing Task Force for Faith Action for Community Equity. “This request is a positive sign that developers and the HCDA are beginning to pay attention to and working to build what the community needs.”

Ward Village’s 988 Halekauwila project exceeds the number of units required by the HCDA for Phase One of the Ward Village Master Plan by three times the amount. Located on the mauka-ewa corner of Ward Avenue and Halekauwila Street, 988 Halekauwila is an integral component of the Ward Village Master Plan and will feature one-, two- and three-bedroom workforce housing residences within walking distance of shopping, entertainment, parks, beaches and the revitalized Kewalo Harbor. The building will target LEED certification as part of Ward Village, which is certified as the state’s only LEED for Neighborhood Development (LEED-ND) Platinum-Certified community.

Ward Village will offer a four acre privately-maintained public park, complete streets with wide, shaded, pedestrian-friendly sidewalks and bike lanes and is in close proximity to existing bus lines and the future Ward Village rail station. Retail located on the ground floor of the building will provide convenient shopping options for the residents

Moving ForWard March Newsletter

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Howard Hughes Corp. says Honolulu luxury towers three-quarters sold

anaha_01The Howard Hughes Corp. said Monday that 88 percent and 78 percent of the units in its two luxury condominiums in Kakaako — 171-unit Waiea and 311-unit Anaha — werre under contract as of Feb. 1, according to the Dallas-based developer’s 2014 annual report.

Located on a former surface parking lot fronting Ala Moana Boulevard, diagonally across from Anaha’s site, Waiea is expected to be completed by the end of 2016.

Anaha, which is located on the former Pier 1 Imports site, is anticipated to be completed in 2017, The Howard Hughes Corp. (NYSE: HHC) said.

As of Feb. 1, it has received $155.8 million in buyer deposits for Waiea and Anaha, which represent $854.4 million of contracted gross sales revenue.

Both towers are expected to cost about $804 million to develop.

The developer recently closed on $1.3 billion of property financings and refinancings, including a $600 million construction financing for Waiea and Anaha.

ONE Ala Moana, a 206-unit luxury condo located on Nordstrom’s parking garage, which was developed in a joint venture involving The Howard Hughes Corp., The MacNaughton Group and Kobayashi Group, closed on the sale of 201 of its units in the fourth quarter.

During 2014, the Texas-based developer also entered into a 20-year lease with Whole Foods Market to open a flagship store as part of a residential project in Kakaako.

Additionally, The Howard Hughes Corp. got approvals for the Ward Gateway condo towers to be built where Ward Warehouse is now located.

The company reported a profit of $111 million in 2014, up slightly from a profit of $109 million in 2013.

In the fourth quarter, it reported a profit of about $22 million, down from $44.4 million the same quarter in 2013.

Duane Shimogawa Reporter – Pacific Business News

The Howard Hughes Corp. advances Kakaako rental project

This rendering shows The Howard Hughes Corp.'s planned rental project at 988 Halekauwila, part of the developer's 60-acre Ward Village master-planned community.

This rendering shows The Howard Hughes Corp.’s planned rental project at 988 Halekauwila, part of the developer’s 60-acre Ward Village master-planned community.

The Howard Hughes Corp. has officially requested the ability to proceed with its previously approved residential project at 988 Halekauwila across from Sports Authority in Honolulu as a rental development, a senior vice president for the Texas-based developer confirmed to PBN.

“By offering rental units, we will be able to better meet the need for affordable housing by reaching significantly more people at lower average median incomes,” Nick Vanderboom, senior vice president of development for The Howard Hughes Corp.’s Ward Village, told PBN in an email. “Approval of this request would extend the length of regulations keeping the units affordable to 15 years at 80 percent to 100 percent of median income compared to for-sale units that would only remain affordable for two to five years at 100 percent to 140 percent of median income.”

For a single person, the Honolulu area median income at 80 percent is $46,256, while it’s $57,820 at 100 percent and $80,948 at 140 percent, according to the United States Department of Housing and Urban Development.

Vanderboom said that if this change happens, it will in no way impact the number of reserved housing units — 375 — provided at 988 Halekauwila, which represents three time the number of units required for phase one of Ward Village.

“This project also fulfills the reserved housing requirements for future phases of Ward Village in response to the demand for affordable homes in Honolulu,” he said. “Ward Village is dedicated to providing a range of housing in our community for local residents.”

The Hawaii Community Development Authority, the state agency overseeing the redevelopment of Kakaako, has not set a meeting date on the project, a spokeswoman for The Howard Hughes Corp. told PBN.

The project, which will be located on what is the former site of the Kanpai Bar & Grill and the current California Rock ‘N Sushi, is part of the developer’s first phase of its 60-acre Ward Village master plan.

Duane Shimogawa Reporter – Pacific Business News

Looking Forward February – Gateway Approved

Ward003Dreams are merely plans, blueprints, aspirations until that moment when they receive validation. Even the best-made plans can be waylaid by things large and small. But on November 25, 2014 Ward Village got the confirmation that its second-phase plans for its state-of-the-art master-planned neighborhood will become a reality. On this day, the Gateway proposal, which will feature 236 residences and 200,000 square feet of retail in two mixed-use towers abutting a one-acre green space stretching to Kewalo Basin Harbor, was approved by the Hawaii Community Development Authority.

Designed by Richard Meier & Partners, an architecture firm that excels in everything from single-family homes along the ocean to landmark civic spaces such as the Getty Center in Los Angeles, Gateway is bringing a whole new level of architecture to the South Shore of Oahu in collaboration with executive architect, Architects Hawaii, and a team of local consultants. One tower will jut like a blade into the skyline; its partner, a shimmering cylindrical building, will reflect the location’s transition from the downtown grid to Waikiki. Between the two, a green space will flow with water, walkways, and native plants, acting as a gathering place for the community. Together, Gateway—which will feature a variety of residences, from two-story villas to sprawling penthouses—will be the welcoming point and landmark of Ward Village.

Also part of this second phase approved by HCDA is a flagship 50,000 square-foot Whole Foods and additional retail space. Phase two will bring significant economic growth, green space, and amenities to the community that works, plays, and soon lives in Ward Village.When partygoers weren’t spellbound by artists, musicians, and hula dancers, or wrapped up in conversation, they hit the buffet. Guests dined on a sumptuous array of island favorites, including a poke and oyster bar from Oahu’s Poke Stop; cuisine inspired by traditional luau fare from Hale Aina Catering; and delicate tropical desserts from MW Restaurant.

The day, from bright and early at 8 a.m. until the sun set and the last of the event-goers headed home, was a true celebration of the story of Anaha, and the traditions that shape our unique island home.

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Looking Forward February – Block M Approved

Ward001Ward Village received approval February 5, 2014 from the Hawai‘i Community Development Authority for its fifth mixed-use project, the second residential and commercial development in Phase Two of the Ward Village Master Plan. Located at the ‘ewa-makai corner of Queen Street and Kamake‘e Street, the building will include a highly-anticipated grocery store, new retail space and homes for local residents.

The development will feature a 50,000 square-foot flagship Whole Foods Market that will serve both residents of Ward Village and the entire area as the specialty grocer’s largest store in Hawai‘i. The project will also include approximately 12,000 square-feet of additional retail space, district-wide parking and a tower with approximately 466 total residences.

Phase Two will further enhance the transformation of Ward Village into an environmentally sustainable, pedestrian-friendly community in the heart of Honolulu. As Hawai‘i’s only Leadership in Energy and Environmental Design-Neighborhood Development (LEED-ND) Platinum-Certified project and the largest neighborhood development in the country to receive the prestigious certification, the core values of Ward Village and Whole Foods Market are well-aligned.

The approved project will be designed by internationally recognized architects Bohlin Cywinski Jackson in collaboration with executive architect, Architects Hawai‘i, and a team of local consultants. The design will include indoor/outdoor seating at Whole Foods Market and be influenced by healthy, dynamic and nourishing natural elements. In addition, Halekauwila Street will become a truly walkable thoroughfare.

The long term vision of the Ward Village Master Plan strives to create a world-class neighborhood that celebrates the land’s rich history and authentically reflecting the spirit of Hawai‘i. Ward Village will offer a carefully curated selection of local and national retailers, beautiful open spaces and a range of residences, encouraging a walkable and sustainable lifestyle within the 60-acre community.

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Honolulu’s Kewalo Basin Harbor revamp could include fresh fish restaurant, developer says

The Kewalo Basin Harbor conceptual plan

The Kewalo Basin Harbor conceptual plan

The Howard Hughes Corp.’s redevelopment of Honolulu’s Kewalo Basin Harbor could include a restaurant that serves fresh fish caught from the commercial boats based at the harbor, an executive from the Texas-based developer told PBN.

Other ideas presented at a community meeting last week included developing an oceanfront community center on the makai, or ocean, end of the harbor, which sits directly across from the developer’s 60-acre Ward Village master-planned community.

The ideas included creating a diverse, working harbor that supports the businesses that operate within and around it, supporting an urban fishing village in the heart of Honolulu and making the harbor an ocean recreation destination.

Race Randle, senior director of development for The Howard Hughes Corp. (NYSE: HHC), told PBN that it has heard from the public and boaters, especially, that it needs a place to get fresh fish.

“Right now, Kewalo brings in fresh fish every day, yet there’s no place to get it,” he said. “Ideas we presented had village-scale commercial uses — lower height, lower density — instead of large structures.”

Last Friday, the developer held its second community meeting with Kewalo park users, fishermen, tour operators, neighborhood board members and others to receive input on its conceptual plans for Kewalo Basin Harbor.

The meeting, which hosted about 100 people, followed the first one held in November, which also included about 100 individuals.

“Once we get all the feedback and make sure it’s aligned with the community’s goals, we will finalize our plans,” Randle said. “It needs to be a major connector from [Kakaako Mauka] to the waterfront. It needs to have unique character and needs to be a unique beach experience.”

The many ocean-related businesses at the harbor will be included in the redevelopment plans and won’t be chased away, Randle said.

“There are lots of small businesses in the area [and] it’s a big focus of ours to look at the harbor holistically,” he said. “Everything we are doing right is focusing on the success of those small businesses. We are already kicking off marketing efforts to get people to connect with those businesses to make it easier for people to do those activities, [including] creating a website.”

For Greg Longnecker, owner of eight boats at the harbor that provide recreational activities such as Xtreme Parasail and Hawaii Pirate Ship, the developer’s involvement in the redevelopment is long overdue.

“I moved here in 1983, so I remember the McWayne Marine era when we had more boats in the harbor than today,” he told PBN. “That’s the focal point of the city. We don’t even have a focal point. Everywhere you go, the focal point of the city is always the harbor.”

Longnecker noted that Kewalo Basin Harbor should be the gateway to the city and that The Howard Hughes Corp. sees that vision and wants it.

“Finally, we have someone with a vision for the harbor,” he said. “It has been forgotten.”

Longnecker also said he is not concerned at all about slip rents going up or about megayachts moving into the area.

“This is not a megayacht destination because it’s too rough,” he said. “Rate schedules are in the rules. Any time you can make the harbor more crowded, it brings in more business for businesses like mine.”

Longnecker said he would like to see at least 10 restaurants at the harbor.

Randle declined to specify what type of investment would be going into the land part of the redevelopment, although the developer has been previously noted that a $20 million investment would go into renovating the harbor itself, including the boat slips and other infrastructure.

He said that Howard Hughes is close to selecting a design/build team to do the work on this part of the project. The team would proceed with finalizing construction design and getting that part under construction. Permits for this work have been approved.

“The next step is refining the designs for improvements that will achieve those goals,” Randle said. “We will have public engagement to share those plans. We will take this input, and once we kick of design, we can schedule the next meeting.”

If all goes as planned, it is the developer’s hope to get things going sometime this year.

The Howard Hughes Corp., which has development rights for a total of 22 high-rise condominiums across the street, took control of the Kewalo Basin Harbor in September.

It secured the lease for the harbor for up to 45 years in a public-private partnership aimed at revitalizing the small commercial boat harbor, which currently has 144 boat slips in various states of disrepair.

Duane Shimogawa Reporter – Pacific Business News

Honolulu’s Auahi Street to unite Kamehameha Schools, Howard Hughes projects

Auahi Street, looking toward Downtown Honolulu from Ward Avenue will be opened up when the Hawaii Community Development Authority moves the city's coning unit branch to another spot in Kakaako.

Auahi Street, looking toward Downtown Honolulu from Ward Avenue will be opened up when the Hawaii Community Development Authority moves the city’s coning unit branch to another spot in Kakaako.

Auahi Street, an important route through the growing Honolulu neighborhood of Kakaako that currently separates The Howard Hughes Corp.’s 60-acre Ward Village master-planned community from Kamehameha Schools’ properties, is getting connected.

Anthony Ching, executive director of the Hawaii Community Development Authority, the state agency regulating the redevelopment of Kakaako, said this week at its regularly scheduled meeting that the plan to open up Auahi Street should gain some traction during the first quarter of this year.

Currently, Auahi Street, which starts and ends on Queen and South streets, is cut off almost in the middle from Kamani to Koula streets by the City and County of Honolulu’s Department of Facility Management’s sidewalk-nuisance ordinance and stored property ordinance program and coning unit branch.

The connection of Auahi Street from Kamani and Koula streets would prove useful to both Kamehameha Schools and The Howard Hughes Corp. (NYSE: HHC) — and would connect the two developers’ mixed-use communities, providing pedestrian, bicycle and vehicular circulation.

But the HCDA has proposed moving the city’s coning unit branch to the state agency’s former Look Lab Facility in Kakaako Makai, which consists of an 18,000-square-foot warehouse and 29,560-square-foot open yard space.

Ching said that this property, which was previously leased by the University of Hawaii until 2003 and has since been vacant except for short-term tenants, would be a perfect fit for the branch because it would provide the city with a needed facility and enforcement of the sidewalk-nuisance ordinance program in the Kakaako Makai area.

“The proximity of the branch will impact the homeless population in the area,” he said, noting that opening up Auahi Street would be a full-service effort, painting lines to show bike and pedestrian lanes.

Duane Shimogawa Reporter – Pacific Business News

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