Five new tenants prepare to open at Honolulu’s Ward Centers

Little Sheep Mongolian Hot Pot, opening Friday in the former Grand Leyenda Cantina space at Ward Centre is one of five new tenants opening at Honolulu's Ward Centers in the next two months.

Little Sheep Mongolian Hot Pot, opening Friday in the former Grand Leyenda Cantina space at Ward Centre is one of five new tenants opening at Honolulu’s Ward Centers in the next two months.

Five new tenants prepare to open at Honolulu’s Ward Centers

Jenna Blakely Reporter – Pacific Business News

Five new tenants are preparing to open their doors at Ward Centers in Honolulu, adding a mix of eateries and clothing retailers to the shopping center that is being transformed into the master-planned community called Ward Village.

Three of the five new tenants are opening by the end of May, beginning with Little Sheep Mongolian Hot Pot, opening Friday, located above Genki Sushi at Ward Centre in the former E&O Trading Co. space.

Other tenants opening by the end of May include Waiola Shave Ice, which is planning its third Hawaii location at Ward Warehouse across from Dairy Queen. in the former Island Gold Collection space. Also opening this month is The Monarch Tea Room, which will be located inside Na Mea Hawaii Native Books at Ward Warehouse.

Next month, And More By Local Fever — Jeans Warehouse Inc.’s largest store spanning 20,000 square feet of space — will offer fashion, home, accessories and more with 15 different departments, located in the former Nordstrom Rack location next to Office Depot.

Later this summer, Big Island Delights will relocate its location from Ward Centre to Ward Warehouse, located in the space formerly occupied by C. June Shoes.

The Howard Hughes Corp. (NYSE: HHC), which owns Ward Centers, is also developing the master-planned Ward Village community, where two mixed-use residential towers — Waiea and Anaha — will be built in the first phase.

Early in May, The Howard Hughes Corp. said that it reached contractual agreements for about half of the 482 units in its two ultra-luxury high rises that began pre-sales in February. Construction of the Anaha and Waiea towers is on track to break ground this summer, as PBN reported.

Howard Hughes Corp. unveils Honolulu’s redeveloped IBM Building: Slideshow

Jan 24, 2014, 2:47pm HST UPDATED: Jan 27, 2014, 2:10pm HST
Duane Shimogawa Reporter – Pacific Business News

Workers prepare for a private grand opening of the newly renovated IBM building.

Workers prepare for a private grand opening of the newly renovated IBM building.

The Howard Hughes Corp. on Friday unveiled its $24.4 million redevelopment of the iconic IBM Building in Honolulu, which is now an information center and residential sales gallery for the Texas-based developer’s Ward Village master plan in Kakaako.

The plan is to open the center to the public on Jan. 31, Nick Vanderboom, senior vice president of development for The Howard Hughes Corp., told PBN. Click on the photo for a slideshow.

“The IBM Building is a perfect example of The Howard Hughes Corp.’s long-term commitment to blend our respect for Hawaii’s unique and rich history with our vision for Ward Village as a vibrant, environmentally sustainable, integrated community,” Vanderboom said in a statement.

The IBM building, which was originally designed in 1962 by famed famed Hawaii architect Vladimir Ossipoff, is part of the developer’s first phase of its Ward Village plan that includes its first three residential towers, The renovation preserved the tower’s distinct concrete brise-soleil and included complete interior renovations of the first, second and sixth levels of the building.

The redevelopment also included an addition to the seventh-floor rooftop, an open air lanai addition to the ground floor and an upgrade of the site’s hardscape and landscape, eliminating parking to create a courtyard, a Native Hawaiian Garden and community space on the makai side of the building.

The ground floor, which houses the Ward Village master plan information center, features an original wall mural by Native Hawaiian artist Solomon Enos, an interactive exhibit created in partnership with the Bishop Museum showcasing the history of the Ward area, demonstrative displays and models that show details of the planned 60-acre project and a theatre open to the public to watch a film about Ward Village.

001The ground floor also will include a restaurant, which will overlook the makai courtyard and a water feature.

David Striph, senior vice president of Hawaii for The Howard Hughes Corp. (NYSE: HHC), told PBN that it is talking to potential tenants for the space, but that no decision has been as to who will lease that space.

The sales gallery, which is located on the sixth floor, has complete model units for the first two planned mixed-use condominium towers, Waiea at 1118 Ala Moana Blvd. and Anaha at 1108 Auahi St.

Sales for both condos are expected to begin in early 2014, the developer said.

State approves two new condo towers near Ward Theaters

State approves two new condo towers near Ward Theaters

By Andrew Gomes

POSTED: 12:07 p.m. HST, Aug 21, 2013
LAST UPDATED: 12:27 p.m. HST, Aug 21, 2013

The Hawaii Community Development Authority voted 7-0 today to approve the building of a 177-unit luxury condominium tower on the parking lot makai of the Ward Theatres  and a 318-unit tower on the site of Pier 1 Imports.

kakaakographicchart051013 600With unobstructed ocean views overlooking Ala Moana Beach Park and Kewalo Basin boat harbor, the larger of the two towers is expected to command prices that will reach or exceed several million dollars

Pier 1 will move to the new TJ Maxx building nearby to make way for the smaller of the two towers.

David Striph, senior vice president in Hawaii for the Howard Hughes Corp., the Dallas-based company that owns the 60-acre Ward Centers property, has said the two new towers are part of the first phase of a $7.5 billion Hughes Corp. master plan calling for 22 towers with up to 4,300 residential units replacing nearly all existing retail, warehouse and other buildings at Ward Centers over the next decade or more.

http://www.staradvertiser.com/news/breaking/20130821_State_approves_new_177unit_luxury_tower_near_Ward_Theatres.html?id=220577201

The Howard Hughes Corporation announced its “forWARD” vision for Ward Village

Article_HHC_Announces_Renovation

www.AVisionForward.com

IMB_buildingThe Howard Hughes Corporation announced its “forWARD” vision for Ward Village in October 2012, revealing plans to create a vibrant neighborhood offering unique retail experiences, exceptional residences and affordable housing set among dynamic public open spaces and pedestrian-friendly streets. Ward Village will incorporate principles of sustainability and cultural respect that honor the rich history of the land. The project is planned to be built out over the next decade. When complete, Ward Village will double its retail, dining and entertainment space, providing a compelling mix of local neighborhood shops, restaurants and national retailers to serve locals and visitors alike.

In preparation for the renovation, The Howard Hughes Corporation has been working to provide assistance to tenants affected by the project who are moving to other locations within Ward Centers.

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 18 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. The Howard 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.

Kakaako’s Building Boom – Part Two

Howard Hughes Corp. has already spent $3.5 million renovating Ward Centre, the shopping center where a Bed Bath & Beyond store will open this fall in the space formerly occupied by Borders bookstore.
HHC’s plans include a mixture of retail, residential and commercial construction projects over the next 12 years. More specifics should come in December, when the company says it hopes to announce “refinements” to the master plan created by General Growth Properties, former owners of Ward Centers. Almost daily, Striph says, he is in contact with KS, OHA, HCDA and other major players to coordinate efforts and “take a holistic view” of Kakaako.

“We’re trying to look at this as one whole area,” Striph says. “We want to make it the hottest, most vibrant residential community on Oahu. That’s our goal. We want to be really thoughtful and respectful of the community. We’re taking our time and want to do it right, reflecting the area’s history.”
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KS’s master plan, completed in 2009, calls for seven residential towers, up to 400 feet high, with low-rise “podium” units surrounding them. The build-out spans 15 years but has begun with alacrity.

Currently available Kaka’ako area properties for sale

“We’ll have warm bodies in the lofts by the end of October,” says Bob Oda, KS senior project manager. It’s part of KS’s affordable housing commitment.

Contractors will build the market-price units in the residential towers, says Paul Quintiliani, KS commercial real estate director, while KS itself may build the rental units. “We need to hit multiple price points to create a mixed-income community.”

HCDA’s latest Kakaako master plan, just a year old, calls for mixed-density using both high-rise and low-rise residential and commercial buildings, plus parks and civic parking. The homes will potentially provide low-, medium- and market-price condos and rentals close to a range of jobs, including high-tech jobs at the John A. Burns School of Medicine, the Cancer Center of Hawaii, now under construction, and private businesses in bioscience.

So far, there have been 1,388 units built in Kakaako since 1988 that are either affordable rentals or affordable units for purchase, says HCDA. The already-built projects include three developments devoted to seniors. Another 187 affordable units are either permitted or under construction.

Currently available Kaka’ako area properties for sale

“In the early vision, it was the Blade Runner view,” says Anthony J.H. Ching, HCDA’s executive director. “We were going to be living in the stars and sky, with superblock condos connected by elevated walkways. The next permutation was mixed-use to accommodate small businesses, but still a high-rise community. But now, with (new urban-planning) rules emphasizing an active street scene, we’re back down to the street. We want people to be able to walk along, to look into the windows, to engage.

“It will be like the Whole Foods corner in Kailua – there’s a sidewalk, a living wall that softens the building, and you can walk out into the trellis area and just sit there though you’re not far away from a four-lane road. But it’s softened with a landscaped median and you feel comfortable enough to engage in a conversation. It’s casual. It encourages people to interact. Imagine if you have that kind of environment in Kakaako?”

This vision for the future includes a cultural overlay from projects envisioned by OHA on 30 acres of newly acquired state land makai of Ala Moana boulevard. The agreement, finalized July 1, transferring 10 parcels worth $200 million, largely settles the longstanding dispute between OHA and the state over shared
revenues for the use of Public Land Trust lands. It sets the stage for OHA to develop affordable rental housing, a cultural center to celebrate Native Hawaiian arts, an ocean-side promenade with a string of stores, and a high-rise up to 200 feet high at 919 Ala Moana to provide space for Native Hawaiian service organizations. Additionally OHA wants perpetual access to the ocean at Kewalo Basin.

A master plan will be developed for OHA’s 10 parcels, says OHA chairwoman Colette Machado, and it’s expected to be complete within two years.

Currently available Kaka’ako area properties for sale

OHA has asked HCDA to pull back on plans to develop two loading dock piers in front of Fisherman’s Wharf in order to keep that waterfront open. “We want that place free, to be able to house the Hokulea and other canoes,” Machado says. “… This is a no-brainer for Hawaiians. We want unimpeded access to the shoreline. That’s why Kakaako is so important to the trustees. It’s the last valuable shoreline in Honolulu.”

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However, according to Stu Glauberman, compliance assurance and community outreach officer for HCDA, Kewalo Basin’s harbor remains within the purview of HCDA. “Plans for harbor improvements have not changed nor been put on hold,” he says. Current plans call for KB Marine L.P., which has a 50-year lease, to build two wave-abatement fences and 100 mooring slips at a cost to KB of $20 million. Plans for the loading docks at Fisherman’s Wharf call for them to be built with harbor revenues and $3 million from the state revolving fund, but there’s no set timeline in place.

The final details of Kakaako’s transformation will change and be debated over the coming two decades, but the broad strokes seem guided by a vision that the major landowners share with the governor.

“What I want to see,” Abercrombie says, “is a contem-porary Hawaiian version of organic architecture in a context of urban growth, where high density in the core can be transposed into community life that reflects Hawaii and its basic values.

“If you go high, then you can disperse your density at street level, where people live, and prevent urban sprawl.
It will emphasize walking, open space, view-plane corridors. You’ll see it like a village.”

Company Disclaimer: Information is deemed reliable but not guaranteed.