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Whiskey Tango Foxtrot
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Discussion Starter · #1 · (Edited)
A $7.5 billion, 9.3 million sq. ft. redevelopment project in Honolulu Hawaii by the Howard Hughes Corp.

22 towers dot plan for Ward Centers








The initial phase is projected to break ground in 2014, and is expected to be completed in 2016.

The $1.25 billion project will generate 9,000 direct and indirect jobs:

1. 400-foot-tall market-priced residential tower

2. 400-foot-tall market-priced residential tower

3. Moderate-priced residential tower. Height of tower not yet determined

4. Renovation of IBM Building


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http://clarkstreetvalue.blogspot.com/2013/03/the-howard-hughes-corporation.html

Posted on October 12, 2012 :

Howard Hughes Corp. envisions redeveloping nearly the whole Ward Centers area with 22 residential towers and twice as much retail, restaurants and entertainment venues.

Three residential high-rises could start coming out of the ground at Ward Centers in 2014 as part of a revised master plan transforming 60 acres of retail and industrial businesses into an almost entirely new neighborhood dominated by condominium towers and twice as many shops and restaurants.


Howard Hughes Corp. unveiled the development plan Wednesday, about two years after the Texas-based firm acquired Ward Centers from General Growth Properties. “We really believe we have the ability to transform the neighborhood into something that hasn’t been seen before in Honolulu,” said David Striph, senior vice president overseeing Hawaii operations for Hughes Corp.

The Hughes Corp. plan is a revision to a 2008 General Growth plan that led to state approval for developing up to 9.3 million square feet of building area, including 4,300 residential units, in the area. Revisions by Hughes Corp. pertain to how the company intends to distribute all the approved development to shape the community, and doesn’t change how much total density is allowed.

The new plan, dubbed Ward Village, would double the amount of retail, dining and entertainment venues on their property. It also calls for 22 skinnier towers that preserve more public views of the mountains and ocean compared with General Growth’s plan for 20 towers.

Another major plan revision is the intention by Hughes Corp. to orient the long side of nearly all its towers on a mauka-makai axis to further maximize public mountain and ocean views between buildings. Eight towers still would front Ala Moana Boulevard, but they would be set back 60 to 70 feet from the street instead of 15 feet, according to Nick Vanderboom, Hughes Corp. vice president of development.

An initial phase that includes one moderate-priced and two market-priced residential towers is projected to break ground in early 2014 if specific design and permitting approvals are granted by the Hawaii Community Development Authority. Renovating the IBM office building is also part of the first phase that Hughes Corp. estimates will produce a $1.25 billion economic impact and 9,000 jobs.

Completion of the first phase is expected in 2016.



The iconic mid-century IBM Building is to be fully renovated.

The broader $7.5 billion redevelopment plan is projected to take 15 years to complete, and would replace everything at Ward Centers except for a new TJ Maxx building soon to be joined with new sites for Nordstrom Rack and Pier 1 Imports, an adjacent parking structure, nearby movie theaters and the IBM Building.

Additional retail space will provide opportunities for existing tenants to relocate, though there will be some tenant displacements.

[...]
Ward Village




http://www.sec.gov/Archives/edgar/data/1498828/000110465913010044/a13-5067_1ex99d1.htm


http://www.elsarch.com/portfolio/victoria-ward/

Work on retail redevelopments has already begun with tower development to follow by 2014, per sales of units.


http://www.hawaiilife.com/articles/2011/10/talk-story-30/
 

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Whiskey Tango Foxtrot
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Discussion Starter · #2 ·
State approves 2 Ward towers



Posted on August 21, 2013 by Kimo Smigielski

The Hughes Corp. now has the OK to construct three high-rises on its property in Kakaako

The owner of Ward Centers now has approval to begin developing three condominium towers at its 60-acre property in Kakaako, after a state agency authorized high-rises Nos. 2 and 3 on Wednesday. Approval from the Hawaii Community Development Authority followed a go-ahead for a first tower granted last month by the agency that regulates development in Kakaako. “We’re excited to get started,” said David Striph, senior vice president in Hawaii for Dallas-based Howard Hughes Corp., the project developer and owner of Ward Centers.

The three towers represent an initial phase in a Hughes Corp. master plan to develop 22 towers over 15 years or so, and transform Ward Centers from a largely retail and warehouse complex into Ward Village with 4,300 condo units mixed with retail. Units in all three towers are projected to be offered for sale by the end of the year. Construction is expected to start early next year and be completed in 2016.

The tower approved last month is at 404 Ward Ave., just Ewa of Sports Authority and Ross Dress for Less, and features 424 moderate-priced units.

Of the two towers approved Wednesday, one is a luxury condo overlooking Ala Moana Beach Park makai of the Ward Entertainment Center at the corner of Kamakee Street and Ala Moana Boulevard. This project is designed with 177 units in the tower, a 317-stall parking garage, 10 townhouses fronting Ala Moana and some retail space.
 

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Whiskey Tango Foxtrot
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Discussion Starter · #6 ·
Howard Hughes Corp. to replace Marukai Market at Ward Village with mixed-use project



The Howard Hughes Corp. plans to submit plans to the Hawaii Community Development Authority early next year outlining plans for a mixed-use project with significant commercial space that would replace the existing Marukai Wholesale Market near the Ward Entertainment Center, the head of the state agency overseeing the redevelopment of the Honolulu neighborhood of Kakaako told PBN this week.

Anthony Ching, executive director of the HCDA, said that the agency expects to see plans for the project from the Texas-based developer in the first or second quarter of 2015. He declined to divulge any other details about the project.

David Striph, senior vice president of Hawaii for The Howard Hughes Corp., which is in the midst of developing its 60-acre Ward Village master plan, told PBN Tuesday that the company currently does not have any information to share about a potential project at the Marukai Wholesale Market location.

“We are pleased to be continuing the planning stages for phase two of Ward Village with our Ward Village Gateway and “Block M” projects, both of which move us towards our vision for an integrated neighborhood that provides a gathering place for all,” he said in an email to PBN.

Ward Village Gateway, which will replace the existing Ward Warehouse shopping center with a couple of high-rise towers and street-level commercial and recreational space, won approval from the HCDA late last month.

The developer’s “Block M” refers to the Whole Foods Market project at the site of the former Nordstrom Rack store and current Office Depot, which will include a residential tower as well as additional retail space.

[...]
 

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