Groundbreaking for Howard Hughes Corp.’s Waiea condominium tower in Honolulu slated for Saturday
The Howard Hughes Corp. will break ground Saturday on Waiea at Ward Village in Kakaako, the first of two planned luxury condominium towers, where a penthouse is listed for a record $20 million.
The groundbreaking is slated for 10 a.m. at the site. Honolulu Mayor Kirk Carldwell is expected to join Gov. Neil Abercrombie and project officials for the ceremony.
Construction on the condominium tower project at 1118 Ala Moana Blvd. will begin this month.
The Howard Hughes Corp. (NYSE: HHC) says Ward Village will be a mixed-use master-planned development with 4,000 residential units and more than 1 million square feet of retail and commercial space.
Seventy percent of the 171 units in the Waiea tower and 55 percent of the 311 units in the planned Anaha tower diagonally across the street have sold.
Prices at Waiea range from $1 million for a one-bedroom unit to $20 million for a penthouse.
Bill Cresenzo Reporter – Pacific Business News