Howard Hughes, Japanese developers to present plans for Honolulu’s Kewalo Basin Harbor next week

The Hawaii Community Development Authority is scheduled to hear plans from The Howard

The Hawaii Community Development Authority is scheduled to hear plans from The Howard

The Howard Hughes Corp. and Kewalo Waterfront Partners Inc., a partnership between two Japanese firms, are expected to unveil two separate commercial development plans next week for the land surrounding Honolulu’s Kewalo Basin Harbor, an executive with the Hawaii Community Development Authority confirmed to PBN.

The state agency overseeing development in the Kakaako area, as part of its July 9 meeting, is scheduled to hear from the two developers regarding their proposals for the small boat harbor, which are likely to include waterfront retail, restaurants and a live entertainment venue.

The three parcels aimed for development include the former McWayne Marine Supply site, the charter boat building site and the former National Oceanic and Atmospheric Administration lot.

The HCDA plans to make a decision on which proposal to choose on Aug. 5, Aedward Los Banos, the agency’s chief operating officer, told PBN.

However, he noted that the Aug. 5 decision-making hearing may be pushed back to the agency’s September meeting.

Kewalo Waterfront Partners, which includes Good Luck International Corp. and Hinamari Hawaii Inc., has plans to renovate four buildings totaling 45,000 square feet at the former McWayne Marine Supply site.

Plans for the site include retail stores and small restaurants, as well as a live entertainment venue, a bar, a cafe, office space, a multipurpose hall and a 250-stall parking garage, according to the project’s draft environmental assessment.

The Howard Hughes Corp. (NYSE: HHC), which has development rights for a total of 22 high-rise condominiums across the street and took control of the Kewalo Basin Harbor in September, plans to submit a proposal for all three parcels.

The Texas-based developer, through its senior director of development, Race Randle, has said that its plans for the harbor could include a restaurant that serves fresh fish caught from the commercial boats based at the harbor.

Other ideas presented at community meetings earlier this year 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.

In the meantime, Japan-based Bellavita Inc. has scrapped its plans to develop a 6,000-square-foot Italian restaurant called Napule in the Kewalo Basin Harbor area, Los Banos told PBN.

He pointed out that the HCDA board may end up choosing Howard Hughes’ or Kewalo Waterfront Partners’ plan, or just the Texas-based developer’s proposal for all three sites.

The board also may end up choosing none of the proposals.

Duane Shimogawa
Pacific Business News

Hawaii agency board to make final decision on Howard Hughes residential project in June

This rendering shows The Howard Hughes Corp.'s planned 988 Halekauwila project

This rendering shows The Howard Hughes Corp.’s planned 988 Halekauwila project

The Howard Hughes Corp. is not quite sure what its next step would be after a Hawaii agency unanimously struck down its request to move ahead with its previously approved Kakaako residential project at 988 Halekauwila as a rental project, the Texas-based developer told PBN.

However, a spokeswoman for the Hawaii Community Development Authority told PBN Thursday that the developer’s lawyers indicated that they will file exceptions to their application, so the board will take final action on June 24.

On Wednesday, the HCDA, which has a new set of board members, voted to deny the developer’s request to change the Ward Village project from a mostly affordable for-sale project to a rental project.

Steven Scott, vice chair of the HCDA and owner of Scott Hawaii, told PBN Thursday that the developer should abide by its original permit, which includes building a tower with 424 for-sale units, including 375 reserved units.

The project’s development permit was set to expire on July 17, although the HCDA voted Wednesday to approve an extension for two years.

David Striph, senior vice president for Hawaii for The Howard Hughes Corp. (NYSE: HHC), told PBN in an email that an approval of the developer’s request would have extended the length of regulations keeping the units affordable to 15 years for tenants at 80 percent to 100 percent of area median income, compared to for-sale units that would only remain affordable for two to five years for buyers at 100 percent to 140 percent of area 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 U.S. Department of Housing and Urban Development.

“This new board has stated their intention to listen to the voice of our community, and public testimony was overwhelmingly in support of approving the project for 15 years,” Striph said in an email to PBN. “We are disappointed the project was not approved because our community suffers when the delivery of much-needed affordable housing is slowed down or stopped.”

He noted that, in spite of this setback, Howard Hughes is dedicated to providing a wide range of housing in Honolulu for local residents.

“[We] look forward to exploring alternatives to satisfy our reserved housing requirements for Ward Village,” Striph said. “There is much greater need for affordable housing in Honolulu than there is for for-sale condominiums. Approximately five times the number of households on Oahu would have qualified to rent at 988 Halekauwila versus those that are qualified to buy.”

Under the HCDA’s old rules, projects could be utilized as rentals for a minimum of 15 years or longer. But in 2011, new rules came into effect that set the timer period for affordable rentals at a fixed 15 years.

“Under the Howard Hughes plan that it inherited from [General Growth Properties Inc.], it’s a minimum of 15 years,” Scott said. “Then when they went to get their permit in April 2013 for Waiea and Anaha, they said they would be building 375 reserved units for sale at 988 Halekauwila. That would satisfy their affordable requirements.”

Then in January, Howard Hughes said it wanted to make the change from a for-sale to a rental project for 15 years.

“The previous board had put out a study in March, which recommended that if it is a rental project, it should be for 30 years, and that the area median income percentage should be reduced from 140 percent to 120 percent,” Scott said. “When this proposal came to us on April 1, the sentiment was that 15 years is too short. In terms of affordable housing, it should be longer, and in 15 years, they could turn around and sell those units at fair market value, turning it from a co-op to a condo.”

In February, Howard Hughes officially requested the ability to proceed with its 988 Halekauwila project, which will be built across from Sports Authority on Ward Avenue, as a rental development.

The developer previously told PBN that if the request was approved, it would in no way impact the number of reserved housing units — 375 — provided at 988 Halekauwila, which represent three times the number of units required for phase one of Ward Village.

The project, which is being planned 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.

Scott told PBN that under the current rules, Howard Hughes can’t move people into its Waiea and Anaha luxury condos, which are also part of phase one, until it puts financial assurance that it will build 988 Halekauwila, or starts construction on the project.
Duane Shimogawa
Pacific Business News

Howard Hughes Corp. to start work this fall on Kewalo Basin Harbor redevelopment in Honolulu

Howard Hughes Corp. to start work this fall on Kewalo Basin Harbor redevelopment in Honolulu

Howard Hughes Corp. to start work this fall on Kewalo Basin Harbor redevelopment in Honolulu

The Howard Hughes Corp. plans to start construction this fall on its multimillion-dollar redevelopment of Kewalo Basin Harbor between Downtown Honolulu and Waikiki, according to the state agency regulating development in the city’s Kakaako area.

The Texas-based developer’s Kewalo Basin Harbor LLC selected Honolulu-based Sea Engineering Inc. to do the work after issuing a design-build request for proposals in late October.

The marine-related engineering, construction and diving services firm, which was founded in 1973 by University of Hawaii graduate students, was chosen by The Howard Hughes Corp. (NYSE: HHC) in February over Hawaii Harbors Constructors, a joint venture between Hawaiian Dredging Construction Co. Inc. and Healy Tibbits Builders Inc.

Almar Management Inc., a California marina operator that previously leased the harbor from the Hawaii Community Development Authority before Howard Hughes took over in September, also responded to the RFP.

Howard Hughes is in negotiations with Sea Engineering and is projecting five months of design with harbor repair construction starting in the fall, according to the HCDA, which noted that the harbor is operating at near full capacity.

Sea Engineering is proceeding with the final design of the repairs and obtaining necessary pre-construction permits for harbor jetty repairs, the state agency said.

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

Howard Hughes has said that the redeveloped harbor could include a fresh fish restaurant and an oceanfront community center on the makai, or ocean, end of the harbor, which sits directly across from its 60-acre Ward Village master-planned community.

The developer has been holding community meetings to come up with ideas for the project, which includes upgrading restrooms, adding food service and a convenience store for boaters, security and other improvements.

Kewalo Basin currently has 144 boat slips i n various states of disrepair and is in need of an overhaul, according to the HCDA, which assumed control of the harbor in 2009.

Duane Shimogawa
Pacific Business News

Hughes AE’O at 1001 Queen St.

AEʻO 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.

Ae‘o is the name of the Hawaiian stilt bird and connects to the history of the land it sits on, which was originally the ‘ili of Kukuluae‘o when the Ward family purchased it in the 1870’s. Ae‘o will include 466 residences and over 60,000 total square feet of retail. The project is located on the corner of Queen and Kamake‘e Streets, adjacent to the top theater in the state of Hawaii, at Ward Entertainment Center. Ae‘o will include the opening of the new highlyanticipated flagship Whole Foods Market and other unique retailers along the re-envisioned Halekauwila Street that will lead to the future planned 4-acre park situated in the heart of Ward Village.

  • Interior View to OceanLOCATION: SITUATED IN THE HEART OF ONE OF HONOLULU’ S MOST EXCITING NEW COMMUNITIES
    – Located conveniently above Hawaii’s new flagship Whole Foods Market
    – Two blocks from Ala Moana Beach Park and Kewalo Harbor
    – One block from 4-acre park in the center of Ward Village
    – Adjacent to Ward Entertainment Center 16-plex theater
    – Situated in Honolulu’s most walkable and bike friendly community
    – The only LEED-ND Platinum neighborhood in Hawaii
    – 135 diverse shops, boutiques, and restaurants nearby
    Privately patrolled neighborhood

 

  • BUILDING FEATURES: THOUGHTFULLY DESIGNED BY AWARD-WINNING ARCHITECTURAL FIRM BOHLIN CYWINSKI JACKSON
    – Residences starting from the low $400,000’sLiving and Dining Areas
    – Stunning ocean and partial ocean views from every residence
    – Unique residence customization options available
    – Wide range of floor plan options including studios, 1, 2, and 3 bedroom and penthouse units
    – Rich hardwood floors in living room and kitchen areas
    – Modern arrival experience with private residential porte-cochere, front desk and entry lounge
    – Direct, covered connection to Whole Foods Market from residential elevators
    – Targeting LEED (Leadership in Energy & Environmental Design) certification.

 

  • STUNNING OCEAN VIEWS AND A UNIQUE ROOF TOP TERRACE
    – Spectacular rooftop terrace with panoramic ocean and sunset views for private gatherings and partiesAMENITIES: EXCEPTIONAL INDOOR AND OUTDOOR AMENITY EXPERIENCES FEATURE
    – Lap pool with generous ocean viewsRooftop Amenity Deck
    – Dedicated family activity area with family pool and generous outdoor children’s play area
    – Covered outdoor dining pavilions and cabanas ideal for pau hana celebrations and intimate gatherings
    – Impressive climate-controlled gym with outdoor workout spaces and ocean views
    – Three Guest Suites available to host visiting family and friends *
    – Wellness Center with steam and sauna rooms and spa treatment area
    – Private movie theater
    – Lounge/Karaoke room for events and parties
    – Intimate private dining room with catering kitchen for cooking
    – Surfboard and bicycle storage areas
    – Large dog-run area

* Subject to applicable cleaning fee

Inquire About This Project

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Whole Foods Market

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.

Ward002

Company Disclaimer: Information is deemed reliable but not guaranteed.