Oct 3, 2013, 5:53am HST Updated: Oct 3, 2013, 7:24am HST
Duane Shimogawa | Reporter- Pacific Business News
Howard Hughes Corp. CEO David Weinreb, who was in Waikiki for an event this week honoring Hawaii’s top businesses, talks about why he feels that the planned Ward Village residential units in the Honolulu neighborhood of Kakaako will be in high demand.
Courtesy The Howard Hughes Corp.
The first phase, which includes three towers that have already have been approved by the Hawaii Community Development Authority, the state agency overseeing the redevelopment of Kakaako, will have some kind of grocery store component.
No general contractor has been selected yet for the first phase, which includes 900 residential units, according to Nick Vanderboom, senior vice president of development for Dallas-based Howard Hughes Corp. (NYSE: HHC), leading all development activities for the company’s Hawaii assets.
Sales for the first phase of the Ward Village residential projects will be starting soon.
Ward Village has development rights for 22 high-rise towers, which is scheduled to happen throughout the next decade.