Ward Village Shops retail space to expand by 60 percent

Red Pineapple boutique owner, Nalani Holliday.

Red Pineapple boutique owner, Nalani Holliday.

As The Howard Hughes Corp. builds high-rise condominiums and rebrands Ward Village, its retail footprint will grow by about 60 percent, according to Ward Village Shops Senior General Manager Bobbie Lau.

Ward Village Shops’ five commercial neighborhoods have more than 135 shops and restaurants, and one out of seven are locally owned businesses.

The developer plans to keep that ratio, Lau says.

“It’s our intention to keep that 70 percent ratio because that’s what makes us unique — the local mix, with some big boxes,” she said, noting that all high-rise condominiums will leave room for retailers on the first floor, sometimes two floors.

Lau said The Howard Hughes Corp. is working with current Ward Warehouse tenants to find future spots for them in the new development.

Nalani Holliday, owner of Ward Centre boutique Red Pineapple, says she believes the changes will be positive for retailers, with extra space and green, shady, family-friendly walkways.

The new mixture of residents, local and foreign shoppers, and businesses will be an asset for Kakaako, she said, including the new flagship 50,000-square-foot Whole Foods Market store that is scheduled to open in 2017.

“It’s all going to be new and improved,” Holliday said. “I think it will be a great bustling space and with the addition of Whole Foods. It does attract a different person from Ala Moana — someone who is not in a rush — and as a retailer, I’m looking for the customer who wants something unique and different.”

Red Pineapple’s neighbor, Sedona, has been at Ward Centre for more than two decades. Sedona President and co-founder Malia Johnson said that while construction is underway at Ala Moana Shopping Center, she has seen a lot of customers returning and discovering the new shops Kakaako has to offer.

She says some of the appeal is that many of the shops located at Ward and in Kakaako have just one location, including Sedona, Red Pineapple and the University of Hawaii’s Rainbowtique store.

“We really drive the customers here, because we’re very much a destination store,” she said. “I wouldn’t stay here for 25 years if I didn’t really feel like part of the growth and a part of Kakaako.”

To learn more, read this week’s special report on Kakaako in the Friday print edition.

Lorin Eleni Gill Reporter – Pacific Business News

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

New Whole Foods Market in Kakaako will be part of larger commercial and residential development

The proposed location of Whole Foods Kakaako is on the corner of Queen and Kamakee Streets.

The proposed location of Whole Foods Kakaako is on the corner of Queen and Kamakee Streets.

May 7, 2014, 6:30am HST UPDATED: May 7, 2014, 1:07pm HST
New Whole Foods Market in Kakaako will be part of larger commercial and residential development

Duane Shimogawa Reporter – Pacific Business News

The flagship Whole Foods Market planned for Ward Village in Honolulu’s Kakaako neighborhood will be part of a new mixed-use development by The Howard Hughes Corp. that will cover the entire block at Queen and Kamakee streets, a company spokesman told PBN.

Nick Vanderboom, senior vice president of development for the Texas-based developer, who is based in Hawaii, told PBN that construction of the retail and residential spaces may be done in phases. He said he could not provide more details about the residential component, which likely will include high-rise condominiums.

The project would be in addition to the two ultra-luxury condominium high-rises— Anaha and Waiea — that are being planned for the area and also are being developed by The Howard Hughes Corp.

On Tuesday, Whole Foods Market said in its quarterly earnings report that it will open a fourth store in Hawaii, and its third on Oahu, as part of its future growth and development plans throughout the U.S.

The new Honolulu store will be located in the space currently occupied by an Office Depot and a 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.

Ward Village vision in Kakaako going on display

Ward Village vision in Kakaako going on display

By Star-Advertiser staff

Nick Vanderboom, senior vice president of development for the Howard Hughes Corp, show a model of the company's plans to redevelop the 60 acres that is Ward Centers into a largely residential highrise community mixed with retail called Ward Village.

Nick Vanderboom, senior vice president of development for the Howard Hughes Corp, show a model of the company’s plans to redevelop the 60 acres that is Ward Centers into a largely residential highrise community mixed with retail called Ward Village.

Howard Hughes Corp., the developer of an envisioned 60-acre community in Kakaako called Ward Village with 22 condominium towers and retail, is showcasing that vision with a new sales and information center in the historic IBM Building.

The info center is slated to open by Friday, and includes an interactive scale model of Honolulu between Diamond Head and Sand Island, a small theater and historical exhibits created in conjunction with Bishop Museum that tell about the Ward property’s past back to pre-Western contact. A restaurant is also being built next to the info center, though an operator has yet to be selected.

Sales of condo units in the project’s first two towers began last month by appointment. Model units are built out on the IBM Building’s sixth floor.

Master Planned Community is the First LEED Neighborhood Development Platinum Certified Project in Hawai‘i

The Howard Hughes Corporation® Master Planned Community is the First LEED Neighborhood Development Platinum Certified Project in Hawai‘i

HONOLULU–(BUSINESS WIRE)–Nov. 27, 2013– The Howard Hughes Corporation® (NYSE: HHC) announced today that Ward Village has received LEED® Neighborhood Development (LEED-ND) 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 of Hawai‘i. The LEED rating system, developed by the U.S. Green Building Council, is the foremost program for buildings, homes and communities that are designed, constructed, maintained and operated for improved environmental and human health performance.

Ward_Village_Aerial“We are extremely honored to receive LEED-ND Platinum certification, confirming that Ward Village will arguably be the most sustainable community in the country,” said Nick Vanderboom, Senior Vice President of Development for TheHoward Hughes Corporation. “We are committed to creating a one-of-a-kind, integrated neighborhood in the heart ofHonolulu based on thoughtful planning and design that will feature exceptional residences and unique retail offerings set among dynamic public open spaces and walkable streets.”

LEED-ND Platinum certification was awarded to Ward Village based on achievement of the very highest standards of sustainable neighborhood design, including community-wide strategies such as pedestrian orientation and design; efficient land use in a location served by transit; water and energy efficiency; recycling and reuse of materials; indoor environmental quality; and parking and transportation programs that include vehicle and bicycle sharing.

“Achieving the LEED-ND Pre-Certified Plan designation shows that Ward Village is committed to achieving a high level of sustainability from its early planning through its construction and ultimately operation as a thriving community,” said Rick Fedrizzi, President, CEO and Founding Chair, U.S. Green Building Council.

Over the next decade, The Howard Hughes Corporation will transform 60 acres in Honolulu into Ward Village, a vibrant master planned community encompassing 9.3 million total square feet. This mixed-use development will include approximately 4,000 residential units and over one million square feet of retail and other commercial space. The first phase of the project was approved this past summer with construction expected to begin in 2014.

About The Howard Hughes Corporation®

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 16 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC and is headquartered in Dallas, TX. For additional information about HHC, visit www.howardhughes.com.

Safe Harbor Statement

Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “transform” 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 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 in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. TheHoward Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

Source: The Howard Hughes Corporation

Bennet Group Strategic Communications
Rachel Ross

or
The Howard Hughes Corporation
Caryn Kboudi, 214-741-7744

NEW two-story building for Nordstrom Rack & Pier 1 Imports at Ward Village Shops.

NEW two-story building for Nordstrom Rack & Pier 1 Imports at Ward Village Shops. by Kristen Consillio Star Advertiser

The owner of Ward Centers has completed construction of a new two-story building for Nordstrom Rack and Pier 1 Imports at Ward Village Shops.

Pier 1 will reopen on Nov. 1 and Nordstrom Rack on Nov. 14 in a 58,000-square-foot complex between T.J. Maxx and the old Pier 1 location on the corner of Auahi and Kamakee streets, which closed Oct. 8. Nordstrom Rack will close its existing store Nov. 9.

“With the completion of the Ward Village Shops, we move another step forward in bringing our vision for Ward Village to life,” Nick Vanderboom, senior vice president of development for Howard Hughes Corp., said in a statement. “The grand openings of Pier 1 and Nordstrom Rack in their new locations represent another milestone in the transformation of Ward Village into a true mixed-use community in the heart of Honolulu.”

A more-than-9,800-square-foot Pier 1 and nearly 45,000-square-foot Nordstrom Rack are connected to the existing 700-stall, seven-level parking structure next to T.J. Maxx.

The move will give Nordstrom Rack, the off-price retail division of Nordstrom, a larger footprint in Kakaako, expanding the store by 50 percent. Pier 1’s space is reduced by about 3,000 square feet.

The expansion will add about 10 percent more space to Ward Centers’ 550,000 square feet, home to more than 135 shops and restaurants plus a 16-screen movie theater.

Howard Hughes Corp., owner of Ward Centers, plans to build 22 high-rise towers and double the retail space at Ward Centers.

The developer wouldn’t disclose the cost of the project. However, the company announced in 2011 it had received a $250 million loan to refinance three mortgages and provide $38 million to begin redevelopment at Ward Centers.

Howard Hughes plans to incorporate the spaces left vacant by the two large retailers into its redevelopment plan, including a condominium tower on the former Pier 1 site. Howard Hughes hasn’t disclosed tenants that will move in beneath T.J. Maxx.

Ward Centers includes Ward Centre, Ward Warehouse, Ward Entertainment Complex and Ward Gateway Center spread over 60 acres on four blocks.

Company Disclaimer: Information is deemed reliable but not guaranteed.