DOUG JOHNSTONE NAMED PRESIDENT OF THE HAWAI‘I REGION AT THE HOWARD HUGHES CORPORATION®
Ward Village® Veteran to Lead Next Wave of Development at Award-Winning Master Planned Community
HONOLULU, HI - The Howard Hughes Corporation® (NYSE: HHC) announced today that Doug Johnstone has been appointed President of the Hawai‘i Region, replacing Simon Treacy at the helm of Ward Village®, the company’s award-winning master planned community on O‘ahu. In his new role, Johnstone will direct the strategy, planning, and operational activities and oversee the globally recognized 60-acre master planned community and the adjacent 30-acre Kewalo Basin Harbor.
“Doug Johnstone has played an integral role in the successful growth of Ward Village since its inception,” said Paul Layne, CEO of The Howard Hughes Corporation. “He brings thoughtful, purposeful leadership to his new position and advances our long-range vision at Ward Village at a time when we have reinforced our commitment to Ward Village and the other MPCs that make up our core assets. I am grateful to Simon for positioning Ward Village as one of the strongest regions in our portfolio and for his role in priming Doug as his ready successor.”
Johnstone was recruited in 2012 to join the Ward Village team, where he most recently served as Senior Vice President of Development, playing a key leadership role in all aspects of the development’s entitlements, project management, construction, sales, and financing.
“When we began planning Ward Village nearly a decade ago, we envisioned a vibrant community—one that is coming to life today thanks to the dedication of our team and a deeply meaningful relationship with our community,” said Johnstone. “We are in a new chapter, focused on realizing the full potential of Ward Village as we continue developing extraordinary residences and a thriving neighborhood.”
Born and raised in Honolulu, Johnstone attended Punahou School and Stanford University.
Johnstone succeeds Simon Treacy, who stepped down after a two-year tenure as Regional President, and who helped solidify Ward Village’s reputation, both locally and internationally, as a premier master planned community.
About Ward Village®
Developed by The Howard Hughes Corporation®, Ward Village is a 60-acre master-planned community in the heart of Honolulu, located between downtown and Waikīkī, along O‘ahu’s picturesque south shore. Honoring the distinct history of its land, Ward Village is at the forefront of sustainable community development - integrating striking architecture, local culture, and public open space. At full build-out, the community will include unique retail and mixed-use residential, in what Architectural Digest named “Best Planned Community in the United States.”
As a result of strong demand for new housing in urban Honolulu, Ward Village is quickly approaching sellout of its first four mixed-use residential towers — Waiea®, Anaha®, Ae‘o®, and Ke Kilohana® — transforming the popular shopping and dining district into a vibrant neighborhood that offers ocean views and open space, including its newest outdoor gathering place, Victoria Ward Park. New residential buildings in development or under construction include ‘A‘ali‘i, Kō‘ula, and Victoria Place.
Ward Village is the first-ever LEED‐ND Platinum-certified master-planned community in the country, and the only in Hawai‘i. At the forefront of sustainable development, it features public amenities at a scale not offered by any other urban community in the state. For more information, visit www.wardvillage.com.
About The Howard Hughes Corporation®
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned cities and communities, as well as operating properties and development opportunities including: the Seaport District in New York; Columbia, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; and Ward Village® in Honolulu, Hawai’i. The Howard Hughes Corporation’s portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative place making, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC.
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,” “assume,” “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.
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