Howard Hughes CEO says Ward Village condos will be in high demand

Oct 3, 2013, 5:53am HST Updated: Oct 3, 2013, 7:24am HST Duane Shimogawa  |  Reporter- Pacific Business News Howard Hughes Corp. CEO David Weinreb, who was in Waikiki for an event this week honoring Hawaii’s top businesses, talks about why he feels that the planned Ward Village residential units in the Honolulu neighborhood of Kakaako…


Oct 3, 2013, 5:53am HST Updated: Oct 3, 2013, 7:24am HST
Duane Shimogawa  |  Reporter- Pacific Business News

Howard Hughes Corp. CEO David Weinreb, who was in Waikiki for an event this week honoring Hawaii’s top businesses, talks about why he feels that the planned Ward Village residential units in the Honolulu neighborhood of Kakaako will be in high demand.

This rendering shows The Howard Hughes Corp.'s planned market-rate condominium towers, which located diagonally across the street from each other at the corner of Auahi and Kamakee streets, part of the developer's Ward Village master-planned community. Courtesy The Howard Hughes Corp.
This rendering shows The Howard Hughes Corp.’s planned market-rate condominium towers, which located diagonally across the street from each other at the corner of Auahi and Kamakee streets, part of the developer’s Ward Village master-planned community.
Courtesy The Howard Hughes Corp.

The first phase, which includes three towers that have already have been approved by the Hawaii Community Development Authority, the state agency overseeing the redevelopment of Kakaako, will have some kind of grocery store component.

No general contractor has been selected yet for the first phase, which includes 900 residential units, according to Nick Vanderboom, senior vice president of development for Dallas-based Howard Hughes Corp. (NYSE: HHC), leading all development activities for the company’s Hawaii assets.

Sales for the first phase of the Ward Village residential projects will be starting soon.

Ward Village has development rights for 22 high-rise towers, which is scheduled to happen throughout the next decade.

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