2022-10-20 | NYSE: HHC | Press release


Construction begins on the community’s eighth residential tower to deliver 546 new homes and the expansion of Victoria Ward Park with neighborhood shops and restaurants

HONOLULU, October 20, 2022 /PRNewswire/ — neighborhood village®an award-winning 60-acre planned community located in the heart of Honoluluinaugurated today the The village of the park district, the district’s eighth residential development with integrated retail. The building will provide 546 new homes for residents seeking the neighborhood’s vibrant urban island lifestyle, enhanced by its proximity to Victoria Ward Park, the community’s new 3.5-acre central gathering space.

“Today’s groundbreaking is an important milestone for the heart of our neighborhood,” said Doug Johnston, President, Hawaii, The Howard Hughes Corporation. “The Park Ward Village brings together the best of carefully integrated and expanded parks, shops, restaurants and new homes.”

The Park Ward Village continues to demonstrate strong sales demand, with 90.6% pre-sales in mid-2022, offering studio, one, two and three bedroom units, complete with island views and the ocean.

Designed by award-winning architecture firm Solomon Cordwell Buenz, interior designer Yabu Pushelberg and landscape architect Vita Design Group, Park Ward Village is inspired by the mid-century architecture of Hawaii’s past while embodying a modern island lifestyle that reflects the warmth and openness of the island’s natural environment.

The Park Ward Village will provide residents with expansive open green spaces that seamlessly blend indoor and outdoor living spaces and an amenity deck that has many offerings including barbecue huts, pickleball and tennis courts, a swimming pool resort, lap pool, walking paths and lawns, spa, and more. With over 30,000 square feet of retail at its base, The Park Ward Village will bring new restaurants and stores to the neighborhood and expand the vibrant shopping and dining experiences in Ward Village.

The Park Ward Village will also make streetscape improvements including widened sidewalks, pedestrian lanes, and perimeter-circling cycle connections to create a seamless multi-modal connection throughout the pedestrian and cycle district. Victoria Ward Park will also expand nearly 50% alongside the tower’s development, including new play structures, outdoor seating, an event lawn and park-side restaurants.

To celebrate the milestone, neighborhood village contributed $15,000 at Downtown Art Center to support its Artists of Hawaii exhibit and the organization’s mission to build a thriving and vibrant downtown through the power of creativity and the arts. neighborhood village so gifted $15,000 to Friends of the Honolulu Botanical Gardenstrengthening its efforts to serve the city’s botanical garden system, conserving plants, advancing research and education, and providing a retreat for the community.

neighborhood village generous contribution allows us to share the history and importance of Honolulu botanical gardens,” said Caroline Bond Davis, Executive Director, Friends of the Honolulu Botanical Gardens. “We are grateful for their commitment to preserving green and open spaces for the benefit of our community.”

For more information, please visit www.wardvillage.com.

About neighborhood village®

neighborhood village is a 60-acre community planned by The Howard Hughes Corporation® At the heart of Honolulu, located between downtown and Waikiki. Honoring the distinct history of its land, neighborhood village is at the forefront of sustainable community development, incorporating striking architecture, culture and arts and open public spaces. When fully built, the community will include approximately one million square feet of unique retail and thousands of homes, in what Architectural Digest has named “Best Planned Community in United States.”

Due to the high demand for new housing in urban areas Honolulu, neighborhood village rapidly approaching the sale of its first six mixed-use residential towers – Waiea®Anaha®Aeo®Ke Kilohana®?A?ali?i® and Ko’ula® transforming the popular shopping and dining district into a thriving urban neighborhood that offers ocean views and open space, including its brand new outdoor gathering spot, Victoria Ward Park. New residential buildings under development or under construction include Victoria Square® and Kalae. Since the launch of public sales in July 2021The Park Ward Village has become the best-selling market tower in the history of neighborhood village. Approved by the Hawaii Community Development Authority (HCDA) in 2021, The Park Ward Village and Ulana Ward Village will be the latest mixed-use developments to join the neighborhood.

As a LEED-ND Platinum Certified Master Planned Community, neighborhood village demonstrates its commitment to responsible, mixed-use development by investing in public benefits and amenities for Honolulu Urban community. For more information, visit www.wardvillage.com.

About the Howard Hughes Company®

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate across the United States. Its award-winning assets include the country’s preeminent portfolio of planned cities and communities, as well as operating properties and development opportunities, including: the seaport in New York City; Downtown Colombia®, Maryland; Woods®The wooded hills®and Bridgeland® in the Greater Houston, Texas Region; summerlin®, Vegas; neighborhood village® in Honolulu, Hawaii; and Douglas Ranch in Phoenix. The Howard Hughes Corporation 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 creating innovative places, the company is recognized for its ongoing commitment to design excellence and the cultural life of its communities. The Howard Hughes Corporation is listed 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”, “enable”, “achieve”, “plan “, “intend”, “assume”, “”convert” 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 the 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 by such statements. Factors that could cause material differences between actual results are disclosed as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its quarterly reports estriel and annual. Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation undertakes no obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that occur after the date of this release.

Media contacts:

Catherine Colman808-265-0073

Senior Account Manager, Bennett Group

[email protected]

The Howard Hughes Company

Cristina Carlson646-822-6910

Senior Vice President, Head of Corporate Communications

[email protected]

For HHC Investor Relations:

Eric Holcomb281-475-2144

Senior Vice President, Investor Relations

[email protected]

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SOURCE The Howard Hughes Company


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