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.

The HCDA is holding a decision-making hearing on this project on Jan. 7 at noon at its office at 461 Cooke St. in Honolulu.

The Howard Hughes Corp. plans to redevelop Ward Centers in Kakaako into Ward Village over the next decade. The plan for the 60 acres includes adding 4,000 high-rise residential units and more than a million square feet of retail and commercial space, as well as open spaces and pedestrian-friendly streets.

Ward Village has received LEED Neighborhood Development Platinum certification, making the Honolulu project the nation’s largest LEED-ND Platinum-certified project and the only LEED-ND Platinum-certified project in the state.

The company has the development rights for 22 high-rises in Kakaako.

Duane Shimogawa Reporter – Pacific Business News

The Howard Hughes Corp. moves forward with plans for Hawaii’s Kewalo Basin Harbor

About 100 community members and stakeholders gathered at the "Net Shed" in the Honolulu neighborhood of Kakaako to talk about revitalizing the Kewalo Basin Harbor. The Howard Hughes Corp. took over management of the small boat harbor, which is between Downtown Honolulu and Waikiki, in September.

About 100 community members and stakeholders gathered at the “Net Shed” in the Honolulu neighborhood of Kakaako to talk about revitalizing the Kewalo Basin Harbor. The Howard Hughes Corp. took over management of the small boat harbor, which is between Downtown Honolulu and Waikiki, in September.

The Howard Hughes Corp., which took over management of the Kewalo Basin Harbor in Honolulu in September, is considering redevelopment options of the aging small boat harbor, including upgrading restrooms, adding food service and a convenience store for boaters, security and other improvements.

Late last week, executives from the Dallas, Texas-based developer gave PBN an update on the project.

The Howard Hughes Corp. (NYSE: HHC), which has a pair of luxury high-rise condominiums under construction across Ala Moana Boulevard, with development rights for a total of 22 condos in its Ward Villages master plan, recently kicked off the public meetings process for the renovation of the harbor between Downtown Honolulu and Waikiki.

About 100 people from the Hawaii Community Development Authority, the Office of Hawaiian Affairs, Kamehameha Schools, environmentalists, Friends of Kewalos, surfers, University of Hawaii and other community members attended the recent talk-story session at Kupu’s Green Training Facility, known as the “Net Shed,” to gather information about where it was, where it is now and what it should become.

“Right now it’s a pretty lackluster experience,” David Striph, senior vice president of Hawaii for The Howard Hughes Corp., told PBN. “We need to make it more of a community center where people can gather.”

Nick Vanderboom, senior vice president of development in Hawaii for The Howard Hughes Corp., told PBN that first off, it will begin replacing piers and the utilities at the small boat harbor.

“The basic things,” he said. “Then longer-term is the land side.”

Next year, it will start the in-the-water improvements.

The developer also will be holding additional public meetings regarding the harbor, although nothing has been scheduled just yet.

The Howard Hughes Corp. secured the lease for the harbor for up to 45 years in a public-private partnership aimed at revitalizing the small commercial boat harbor.

The developer and the HCDA, the state agency overseeing the redevelopment of the Kakaako neighborhood across the street from the harbor, recently traveled to the Mainland, including Texas and California, to conduct research that will help with the upgrade of the harbor.

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

The Howard Hughes Corp. has committed to spending millions of dollars to improve the harbor with security upgrades and dock renovations, to benefit the charter boat businesses, fishermen and other harbor users.

Duane Shimogawa Reporter – Pacific Business News

Howard Hughes Corp. secures $600M construction loan for Hawaii condo projects

remade_003The Howard Hughes Corp. said Monday it has secured a $600 million construction loan from Blackstone Real Estate Debt Strategies to built the Waiea and Anaha condominium towers at its Ward Village in Honolulu.

Dallas-based Howard Hughes Corp. (NYSE: HHC) broke ground on Waiea, across from the Ward Entertainment Center, in June, and started work Saturday on the Anaha tower, which will be built on the site of the former Pier 1 Imports store diagonally across the street.

Howard Hughes Corp. is also planning to build a Whole Foods Market-anchored mixed-use condo tower on the site of the former Nordstrom Rack less than a block away.

Staff Pacific Business News

Hawaii agency moves up hearings for Howard Hughes, MacNaughton-Kobayashi condo towers

The planned Vida at 888 Ala Moana luxury condominium tower being developed by the Kobayashi Group and The MacNaughton Group received neighborhood board approval Tuesday night.

The planned Vida at 888 Ala Moana luxury condominium tower being developed by the Kobayashi Group and The MacNaughton Group received neighborhood board approval Tuesday night.

The Hawaii Community Development Authority has rescheduled the decision-making public hearings for The Howard Hughes Corp.’s plan to replace Ward Warehouse and the Kobayashi Group and The MacNaughton Group’s Vida luxury condominium high-rise on a 3.5-acre site in the Honolulu neighborhood of Kakaako.

The state agency, which oversees the redevelopment of the fast-growing Honolulu neighborhood of Kakaako, originally scheduled the Howard Hughes hearing for Dec. 3, but has moved it to Nov. 25, the day before Thanksgiving. The presentation hearing for the Kobayashi-MacNaughton project, which is scheduled for Nov. 12 at 9:30 a.m. has not changed, but the new date for the decision-making hearing has also been moved to Nov. 25 at noon, from Dec. 17.

Both hearings will be held at 461 Cooke St. in the Makai Conference Room.

The HCDA already held two public hearings on The Howard Hughes Corp. (NYSE: HHC) project, which includes a total of 236 units in two towers, as well as commercial and recreation space on the site of the current Ward Warehouse.

The Howard Hughes Corp. is asking the HCDA for four modifications, including to increase the maximum platform height to 65 feet with an allowance of an additional 15 feet in height for 15 percent of the roof area that will be used for accessory uses.

MK Development, a joint venture of the Kobayashi Group and The MacNaughton Group, purchased six acres from Kamehameha Schools for an undisclosed price to develop two ultra-luxury mixed-use residential projects totaling about 500 units along the mauka side of Ala Moana Boulevard.

The 38-story Vida tower at 888 Ala Moana Blvd. will include 265 two- and three-bedroom units and will be designed by Los Angeles-based Arquitectonica and Honolulu-based Ben Woo Architects, which will be helping the project seek LEED certification with an energy-efficient design and features.

Amenities for the project include guest suites, movie theaters, dining rooms with a chef’s kitchen, children’s play areas, game rooms and a putting green.

Heyer & Associates LLC will be handling sales of the project.

The Kobayashi Group and The MacNaughton Group also developed the Hokua and Capitol Place mixed-use projects in Honolulu, and are also working on a project that includes seven ultra-luxury condominium towers planned for what is now a parking area of Ala Moana Center fronting Ala Moana Boulevard called Park Lane Ala Moana, with a development cost of about $300 million, according to public records.

Duane Shimogawa Reporter – Pacific Business News

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High rise towers planned for Ward Warehouse site

Capture2 high-rises with 236 residential units, commercial space

HONOLULU —The Howard Hughes Development Corporation unveiled its plans for the redevelopment of the Ward Warehouse shopping center.

The company plans to erect two high-rise towers with 236 residential units and commercial space.

Plans also call for open space, a recreational area and 548 parking stalls.

The two story Ward Warehouse complex was built in 1975 and its redevelopment will displace a number of small businesses.

The transformation of the four-acre parcel will bring the most dramatic change to Kakaako.

It’s being called the Ward Village Gateway.

The Howard Hughes Development Corporation plan calls for two towers for a total of 236 residences, along with townhomes, two parking structures and commercial space.

The most significant feature will be a one-acre park–a grand central plaza with a promenade and that will open views to the ocean where there are currently none

“This project is going to create a one-acre park connecting mauka to makai, Kewalo Harbor all the way to the planned rail stop at Ward Village. It’s going to create improved street scapes with wide sidewalks, bike lanes and new retail space along Auahi Street,” said Nick Vanderboom, Vice President of Development.

The company’s plans will displace about 50 merchants at Ward Warehouse

It has begun meeting with tenants to see who can be relocated now.

“We are working closely with our tenants about relocation possibilities. We have intentionally held space within Ward Center and we are already in talks with some of them to relocate within Ward Village,” said Vanderboom.

It was during the presentation before the HCDA board that the company acknowledged it is considering adding a third tower but it’s not ready to say much about those plans just yet.

“There may be a third on that parcel but that would be consistant with the master plan though,” said, Senior Vice President David Striph.

The company isn’t also ready to say much about pricing of its units.

It did however signal that construction of the two Gateway Towers will take place around the same time that it moves forward with the construction of another tower at the corner of Ward and Halekauwila streets.

It was last year that the HCDA gave the green light for the more affordable reserve units project planned for the old Dixie Grill lot.

The company has been exploring whether it can build affordable rentals instead of for sale units.

Howard Hughes plans to ask for four modifications to the area rules for its Gateway tower project.

It is asking the Hawaii Community Development Corporation to increase the building platform to 65 feet and to be given a break on the 15-foot setback requirement.

A public hearing on the proposed changes will be held on Oct 2.

Read more: http://www.kitv.com/news/twin-towers-planned-for-ward-warehouse-site/28358680#ixzz3Gx3ktrB6

Howard Hughes Corp. to present plans for Honolulu high-rise, Whole Foods Market store

The Howard Hughes Corp. plans to present its plans in November for a new mixed-use condominium high-rise in Kakaako at the former spot of Hawaii’s first Nordstrom Rack store, which will include a planned Whole Foods Market as part of the project.

The project, which will be located at 330 Kamakee St. and is part of the Texas-based developer’s Ward Village Master Plan, includes about 466 units in the tower, which will be built on a platform structure, according to the Hawaii Community Development Authority, the state agency that oversees the redevelopment of the Honolulu neighborhood.

“The first phase of the Ward Village Master Plan has brought significant economic growth and increased community amenities to the neighborhood,” said David Striph, senior vice president for Hawaii for The Howard Hughes Corp. “As we move forward with the early planning stages for phase two, we have submitted an application to the Hawaii Community Development Authority for a sustainably-designed mixed-use project at 330 Kamakee Street.”

The project will have a combined total of 78,319 square feet of commercial space, 53,375 square feet of indoor and outdoor recreation space and 1,301 parking stalls.

The Howard Hughes Corp. (NYSE: HHS), which is currently developing two other condo towers nearby, is asking for five modifications for its project, including one to adjust the tower view corridor setback along Queen Street and increase the maximum platform height to 75 feet, with an allowance of an additional 12 feet in height for 15 percent of the roof area that will be utilized for accessory uses.

“Our application includes a modification to rotate the project in order to preserve mauka to makai view planes in response to community input,” Striph said. “In addition to a flagship grocery store, phase two will include well-maintained public open spaces, complete streets and significant improvements to the neighborhood.”

The new Honolulu Whole Foods Market store will be located in the space currently occupied by an Office Depot and the former Nordstrom Rack behind the Ward Theatres complex. The 50,000-square-foot store, which will be the company’s largest location in the state, is slated to begin construction next year and be completed in 2017.

Last year, The Howard Hughes Corp. began the transformation of Ward Centers into Ward Village, an urban master-planned community that will include approximately 4,000 residential units and more than 1 million square feet of retail and commercial space.

The 330 Kamakee project’s presentation hearing is scheduled for Nov. 5 at noon in Honolulu at 461 Cooke St.

There are two more hearings scheduled for the project, another on Nov. 6, which will be a modification hearing, and another on Jan. 7, 2015, which will be a decision-making hearing.

The Jan. 7 hearing will be located at a different venue from the presentation and modification hearings with it being held in Honolulu at 545 Queen St. on the second floor.

Duane Shimogawa Reporter – Pacific Business News

Howard Hughes Corp. withdraws petition for reserved units at Kakaako residential project

This rendering shows The Howard Hughes Corp.'s planned 424-unit, mostly affordable condominium at 988 Halekauwila, part of the developer's Ward Village master-planned community.

This rendering shows The Howard Hughes Corp.’s planned 424-unit, mostly affordable condominium at 988 Halekauwila, part of the developer’s Ward Village master-planned community.

The Howard Hughes Corp. is temporarily withdrawing its petition dealing with reserved housing units on its 424-unit residential tower planned for 988 Halekauwila in Honolulu’s Kakaako neighborhood as part of the first phase of its Ward Village master plan.

The Howard Hughes Corp. (NYSE: HHC) said that 375 of the total number of units will be offered at prices lower than the market-rate luxury condo towers.

“Ward Village is dedicated to helping fulfill the housing needs of our neighborhood, [and] we have listened to the community and have heard great demand for more affordable options, including rentals at lower income levels,” Race Randle, senior director of development for the Texas-based developer, said in a statement. “In response to this message from our community, we have asked for clarification of [Hawaii Community Development’s] rules to better understand what options are available.”

He also said that “due to the misunderstanding of our request, we have decided to temporarily withdraw it so that we can further clarify our intentions to the appropriate stakeholders.”

“This rule clarification in no way changes our commitment to build 375 reserved housing units at 988 Halekauwila, nor does it change our strong commitment to creating a diverse community at Ward Village with an array of housing options and price points, including affordable and market-rate housing,” Randle said.

The developer noted in its second quarter earnings report that it is finalizing plans for this project, and that as of June 30, it has spent $3.8 million on developments costs on the project, which will be located on what is the former site of the Kanpai Bar & Grill and the current California Rock ‘N Sushi.

The project also will include six levels of parking and about 23,000 square feet of retail space.

Duane Shimogawa Reporter – Pacific Business News

The Howard Hughes Corp. finalizing plans on Honolulu workforce housing tower

The Howard Hughes Corp. plans to redevelop the block at 404 Ward Ave. in Kakaako, including the two-story building shown here, into a 415-unit residential tower with commercial space and parking, the first project in its Ward Village master plan.

The Howard Hughes Corp. plans to redevelop the block at 404 Ward Ave. in Kakaako, including the two-story building shown here, into a 415-unit residential tower with commercial space and parking, the first project in its Ward Village master plan.

The Howard Hughes Corp. is finalizing plans for its 424-unit workforce housing residential tower planned for 404 Ward Ave. in Kakaako as part of its first phase of its Ward Village master plan, the Texas-based developer said this week in its second quarter earnings report.

As of June 30, The Howard Hughes Corp. has spent $3.8 million on development costs on the project, which will be located on what is the former site of the Kanpai Bar & Grill and the current California Rock ‘N Sushi.

The Howard Hughes Corp. (NYSE: HHC) said that 375 of the total number of units will be offered at prices lower than the market-rate luxury condo towers, Anaha and Waiea, as well as 404 Ward tower’s 49 market rate units.

The project also will include six levels of parking and about 23,000 square feet of retail space.

The Howard Hughes Corp. is expected to start construction on Anaha, the 311-unit luxury condo planned for the site of the old Pier 1 Imports store, later this year with a completion date scheduled for early 2017. As of June 30, it had spent $16.8 million on development costs for the project.

Waiea, which will have 171 luxury units, began construction in June on what was a surface parking lot next door to Ward Warehouse, is expected to be completed at the end of 2016. Thus far, The Howard Hughes Corp. has spent nearly $20 million on development costs for the Waiea project.

As of Aug. 1, about 65 percent of the 482 total units in the two towers — 71 percent in Waiea and 61 percent in Anaha — in these two towers have been contracted and passed their 30-day rescission period for which buyers have made non-refundable deposits.

This week, PBN first reported that The Howard Hughes Corp. will present to the Hawaii Community Development Authority in October its plan to build a 236-unit residential high-rise project that will include two towers at the 115,000-square-foot Ward Warehouse site as part of its second phase of its Ward Village master plan.

The developer also has plans to build another condo tower at the corner site of the existing Old Spaghetti Factory.

Duane Shimogawa Reporter – Pacific Business News

The Howard Hughes Corp. to replace Ward Warehouse with condominium projects

The Howard Hughes Corp. plans to replace the Ward Warehouse shopping center in Honolulu with several condominium towers. The Texas-based developer plans to present the plans to the Hawaii Community Development Authority at a hearing on Oct. 1.

The Howard Hughes Corp. plans to replace the Ward Warehouse shopping center in Honolulu with several condominium towers. The Texas-based developer plans to present the plans to the Hawaii Community Development Authority at a hearing on Oct. 1.

The Howard Hughes Corp. will present plans this fall to replace the existing Ward Warehouse shopping center in Honolulu with a new 236-unit residential high-rise project that includes two towers, as well as commercial and recreation space as part of its second phase of its Ward Village master plan, the head of the Hawaii agency overseeing the redevelopment of the Honolulu neighborhood of Kakaako told PBN.

Anthony Ching, executive director of the Hawaii Community Development Authority, said that the Texas-based developer also has plans to build another condo tower at the corner site of the existing Old Spaghetti Factory, completing the entire replacement of the 115,000-square-foot Ward Warehouse, which was opened in 1975 by Victoria Ward Ltd. and is the current home to dozens of small businesses.

Race Randle, senior director of development for The Howard Hughes Corp. (NYSE: HHC), told PBN in an email that, consistent with its approved master plan, the developer is continuing its long-term planning efforts for the entire property to make Ward Village an integrated, sustainable master-planned community that will continue to be a gathering place for Honolulu.

Ward Warehouse tenants react to Howard Hughes plans to redevelop Honolulu center

“We are still early in the planning process for phase two and there are no immediate plans for Ward Warehouse,” he said. “Ward Warehouse will continue to be open and at such time as we are ready to proceed with redevelopment, we will work closely with our tenants to assist them in relocating within Ward Village or to another location in the area.”

Ching said that The Howard Hughes Corp.’s Ward Village master-plan calls for a potential of four towers — all with unobstructed views of the ocean overlooking the Kewalo Basin small boat harbor — for the Ward Warehouse site, as well as an urban park.

The HCDA has scheduled an Oct. 1 presentation hearing at noon at its office at 461 Cooke St. in Kakaako with two other hearings following the initial one for The Howard Hughes Corp.’s first Ward Warehouse condo project that includes two towers.

Located at 1050 Ala Moana Blvd., the address for Ward Warehouse, the two towers will rest on separate platform structures and have a combined total of 236 residential units, about 19,730-square-feet of commercial space, 42,178-square-feet of ground level open space, 80,242-square-feet of indoor and outdoor recreation space and 548 parking stalls.

The developer is asking the HCDA, which oversees the redevelopment of Kakaako, for four modifications, including to increase the maximum platform height to 65 feet with an allowance of an additional 15 feet in height for 15 percent of the roof area that will be used for accessory uses.

This project is part of The Howard Hughes Corp.’s second phase of its Ward Village plan, which planned to add more than 900 units in the first phase, which includes two mixed-use high-rises called Anaha and Waiea.

A third tower is in the works, which will be a mostly affordable residential tower with 415 units at 404 Ward Ave., the space where the former Kanpai Bar & Grill occupied, as well as California Beach Rock ‘N Sushi.

The Howard Hughes Corp. also is expected to present its plans soon for another mixed-use project as part of its second phase, which incorporates the new Whole Foods Market that will cover the entire block at Queen and Kamakee streets.

“The Whole Foods project was supposed to start the entitlement process in the third or fourth quarter of this year,” Ching said.

Howard Hughes Corp. gets OK to lease Honolulu small boat harbor for 45 years

The Howard Hughes Corp. will take over operations and management of Kewalo Basin Harbor, between Downtown Honolulu and Waikiki, for up to 45 years under a lease approved Friday by the Hawaii Community Development Authority.

The Howard Hughes Corp. will take over operations and management of Kewalo Basin Harbor, between Downtown Honolulu and Waikiki, for up to 45 years under a lease approved Friday by the Hawaii Community Development Authority.

The Hawaii Community Development Authority on Friday voted to allow The Howard Hughes Corp. to lease Kewalo Basin Harbor for up to 45 years in a public-private partnership that could revitalize the small commercial boat harbor between Downtown Honolulu and Waikiki.

Under the lease approved Friday, The Howard Hughes Corp. (NYSE: HHC), the Dallas-based developer of the Ward Village master plan across the street from the harbor, will take over operations and management of Kewalo Basin Harbor for a term of up to 35 years, with a 10-year option to extend.

Under the terms, Howard Hughes Corp. will pay the state agency about $500,000 upon execution of the lease in August, and then a base rent until the developer recoups its initial improvement costs, which is estimated to take about 12 years, and HCDA spokeswoman said. After that, the developer will pay a percentage rent of 16.5 percent for the remainder of the initial 35-year term, with the rent rates opening for renegotiation for the 10-year extension period, she said. The developer is expected to pay a total of approximately $14.4 million in base and percentage rent during the first 30 years of the lease, the HCDA said.

Kewalo Basin currently has 144 boat slips in various states of disrepair and is in need of an overhaul, the HCDA, which assumed control of the harbor in 2009, said. The Howard Hughes Corp. has committed to spending millions of dollars to improve the harbor with security upgrades and dock renovations, to benefit the charter boat businesses, fishermen and other harbor users.

“Effective harbor renovations are never cheap or easy, and we recognize Ward Village for stepping up and investing in the future of Kewalo Basin Harbor,” Brian Lee, chairperson of the HCDA, said in a statement. “This lease agreement will allow us to share both the risks and the returns in revitalizing the harbor to serve the community. We will be working together to reconnect Kakaako and all of Honolulu with our waterfront.”

Nick Vanderboom, senior vice president of development for The Howard Hughes Corp., noted that Victoria Ward sold the fishery of Kukuluaeo to the territory of Hawaii on July 25, 1913.

“As we approach the 101st anniversary of that sale, Ward Village is honored to have the opportunity to revitalize Kewalo Basin Harbor and return the stewardship of a portion of the fishery to Victoria Ward,” Vanderboom said in a statement. “In addition to providing the harbor with much-needed improvements to its facilities, we will also seek to make it a best-in-class community amenity and recreational area for locals and visitors to enjoy, truly connecting Ward Village from mauka to makai.”

Janis L. Magin Managing Editor – Pacific Business News

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