PROPOSED PLANS FOR KALAE TO ENHANCE STREETSCAPES, INCREASE CONNECTIVITY AND CREATE NEW HOMES THROUGHOUT WARD VILLAGE
HONOLULU –Ward Village®, an award-winning 60-acre master planned community transforming Honolulu’s urban core, has recently submitted a planned development permit application to the Hawaii Community Development Authority (HCDA) for Kalae. The proposed development will create 330 homes, experiential public art, retail activations, and the expansion of Victoria Ward Park Makai.
“We’re pleased to announce plans for the continued transformation and revitalization that Kalae will bring to the neighborhood,” said Doug Johnstone, President, Hawai‘i at The Howard Hughes Corporation. “The integration of vibrant parks and enhanced walkability will create cohesive connection throughout Ward Village and the broader Kakaʻako with meaningful community benefits.”
Kalae is projected to contribute $606 million in economic impact, $198 million in workers’ earnings and $37 million in state tax revenue. An average of over 850 jobs will be sustained yearly for three years to construct the building. The project is estimated to generate $127 million in real property tax over 30 years.
Kalae is designed by award-winning architecture firm Solomon Cordwell Buenz, interior designer Nicole Hollis and landscape architect Vita Inc.
For more information, visit www.wardvillage.com.
Media Kit
About Ward Village®
Ward Village is a 60-acre master-planned community by The Howard Hughes Corporation® in the heart of Honolulu, located between downtown and Waikīkī. Honoring the distinct history of its land, Ward Village is at the forefront of sustainable community development – integrating striking architecture, culture and arts, and public open space. At full build-out, the community will include approximately one million square feet of unique retail and thousands of homes, 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 five mixed-use residential towers—Waiea®, Anaha®, Ae‘o®, Ke Kilohana®, and ʻAʻaliʻi®—transforming the popular shopping and dining district into a thriving urban 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 Kō‘ula and Victoria Place. Approved by the Hawaiʻi Community Development Authority (HCDA) in 2021, The Park Ward Village and Ulana Ward Village will be the newest mixed-use developments to join the neighborhood. Since launching public sales in July 2021, The Park Ward Village has become the fastest-selling market tower in the history of Ward Village.
As a LEED-ND Platinum-certified master planned community, Ward Village demonstrates its commitment to responsible, mixed use development by investing in public benefits and amenities for Honolulu’s urban community. 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 in New York City; Downtown Columbia®, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; Ward Village® in Honolulu, Hawai‘i; and Douglas Ranch in Phoenix. 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.
Catherine Wolfe