STRONG SALES MOMENTUM CONTINUES AT WARD VILLAGE®
Earnings report highlights demand for thoughtful public realm benefits throughout dynamic mixed-use neighborhood
HONOLULU (May 8, 2024) - Ward Village®, the award-winning 60-acre master planned community in the heart of Honolulu, reported strong condominium sales across its residences, especially The Park Ward Village®, Kalae® and The Launiu Ward Village—the neighborhood’s newest development, which launched sales in February 2024.
“With initial sales for The Launiu Ward Village off to an excellent start, we continue to see a tremendous amount of community engagement and interest throughout the neighborhood,” said Doug Johnstone, President of the Hawaiʻi region for Howard Hughes. “We share in the community’s excitement for our growing retail and restaurant scene, complemented by thoughtfully integrated parks and open spaces that build upon the community connectivity to create a vibrant neighborhood.”
According to Howard Hughes’ first-quarter earnings report released today, Ward Village has now reached $6 billion in total sales, including all completed towers which are 100% sold and five major mixed-use developments which are in pre-sales or under construction—Victoria Place, Ulana Ward Village, The Park Ward Village, Kalae and The Launiu Ward Village. In 2024, Ward Village contracted to sell 196 condominium units as of March 31. In the first six weeks of pre-sales at The Launiu Ward Village, 182 residences—nearly 40% of the building’s 485 units—were sold since its launch in early March of this year. The Park Ward Village® and Kalae® ended the quarter at 95% and 90% pre-sold, respectively.
Contributing to this exceptional sales momentum throughout the beginning of 2024 are the series of robust public realm improvement efforts at Ward Village, including the expansion of Victoria Ward Park, the construction of an elevated walkway that increases pedestrian safety, and regional infrastructure upgrades. The new makai portion of Victoria Ward Park is set to open in late 2024, providing additional green and open space for the community’s benefit.
For more information, please visit www.wardvillage.com.
Media Kit
About Ward Village®
Ward Village is a Howard Hughes community, set on 60 acres in the heart of Honolulu, 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 buildout, the community will include thousands of homes and approximately one million square feet of unique retail 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 quickly sold out its first seven mixed-use residential towers—Waiea®, Anaha®, Ae‘o®, Ke Kilohana®, ʻAʻaliʻi®, Kō‘ula®, and Victoria Place®—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 Victoria Place and Kalae®. Since launching public sales in July 2021, The Park Ward Village® has become the fastest-selling market tower in the history of Ward Village. 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.
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 http://www.wardvillage.com/.
About Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. 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 communities, as well as operating properties and development opportunities including: the Seaport in New York City; Downtown Columbia® in Maryland; The Woodlands®, Bridgeland® and The Woodlands Hills® in the Greater Houston, Texas area; Summerlin® in Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Teravalis™ in the Greater Phoenix, Arizona area. The Howard Hughes 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 placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For additional information visit www.howardhughes.com.
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