Jun 18, 2013, 11:28am HST
Duane Shimogawa | Reporter- Pacific Business News
The Howard Hughes Corp. is scheduled to officially present plans for a couple of residential projects to the Hawaii Community Development Authority on July 17, as part of the first phase of its Ward Village master plan in Honolulu’s Kakaako neighborhood.
Courtesy The Howard Hughes Corp.
The two market-rate towers are planned for a surface parking lot across from the Consolidated Theatres Ward Stadium 16, which will have about 185 units and commercial space at a total height of 400 feet, and for the site of the current Pier 1 Imports store diagonally across the street. Pier 1 Imports (NYSE: PIR) will be relocated to another spot to make way for that tower, which will have about 325 units, as well as commercial space, with a total height of 400 feet.
The condo tower on the Pier 1 site, located at 1108 Auahi St., is the first project for “Land Block 3” of the Ward Neighborhood Master Plan.
The other one, located on the surface lot at 1122 and 1140 Ala Moana Blvd., is the first project proposed for “Land Block 2” of the same plan.
The HCDA expects to make a decision about these projects on Aug. 21.
The Howard Hughes Corp. (NYSE: HHC) plans to add more than 900 residential units in the first phase of its Ward master plan, which also includes one mostly affordable residential 415-unit tower at 404 Ward Ave.
The Dallas-based developer’s 60-acre urban master planned community that would eventually double the retail, dining and entertainment space in Kakaako could have some 20 high-rise towers in the transformation that’s scheduled to happen throughout the next decade.