WARD VILLAGE® PARTNERS WITH HAWAIʻI COMMUNITY FOUNDATION ON LONG-TERM GIVING PLAN

Funding commitments from Ward Village® to support critical community priorities

HONOLULU, HI (December 8, 2020) – Ward Village®, a 60-acre master planned community by The Howard Hughes Corporation® (NYSE: HHC), announced today a new partnership with the Hawai‘i Community Foundation to provide support for Ward Village’s philanthropic giving, including a new funding structure and expanded strategic grantmaking.

In addition to the $3.5 million it has distributed to over 170 organizations since its inception, Ward Village has pledged gifts to align with future development milestones for homes in the neighborhood:

  • $30,000 at the groundbreaking for each residential project.
  • $30,000 at the “topping off” milestone when construction reaches its highest point.
  • $500 out of developer’s sales proceeds for every home sold within the planned residential projects, with an optional homeowner match.

Over the next five years, Ward Village will target its programmatic contributions to generate over $2 million to address critical community priorities. Ward Village will create additional contribution opportunities for homeowners and construction partners as the community continues to grow.

“In addition to our ongoing commitment to the built environment and the long-term sustainable growth of Ward Village, we are equally dedicated to supporting and contributing to the strong social fabric of the community,” said Doug Johnstone, President, Hawai‘i at The Howard Hughes Corporation. “We are grateful to have the opportunity to make a difference by dedicating significant resources to the collective benefit of the community and partnering with the Hawai‘i Community Foundation.”

Under this new collaboration, the Hawai‘i Community Foundation will use its expertise to provide recommendations and guidance for Ward Village’s grantmaking and philanthropic efforts.

“The Hawai‘i Community Foundation has worked hand in hand with Hawai‘i’s leading corporate philanthropists for more than a century,” said Michelle Kauhane, Senior Vice President of Community Grants & Initiatives for the Hawai‘i Community Foundation. “Ward Village’s commitment to supporting community partners over the long haul is an important example of the perspective our community shares: we must care for one another to preserve what makes Hawai‘i special.”

Throughout 2020, Ward Village’s planned gifts will focus on urgent COVID-19 relief efforts and supporting community-based infrastructure to aid in Hawai‘i’s social and economic recovery. A member of the Hawai‘i COVID Collaborative’s COVID Pau initiative, Ward Village is deeply committed to making long-term investments in the broader community to support a resilient future for the state.

“As our community works together to combat the health and economic effects of the pandemic in Hawai‘i, we are grateful for the support and trust of Ward Village to drive positive impact in our community,” said Micah Kāne, CEO & President, Hawai‘i Community Foundation.

For more information on Ward Village's giving priorities, please visit wardvillage.com/about/giving-back/.

 

About Hawai‘i Community Foundation

With over 100 years of community service, the Hawai‘i Community Foundation (HCF) is the leading philanthropic institution in the state. HCF is a steward of more than 950 funds, including more than 280 scholarship funds, created by donors who desire to transform lives and improve communities. In 2019, HCF distributed more than $63 million in grants and contracts statewide, including more than $7 million in scholarships. HCF also serves as a resource on community issues and trends in the nonprofit sector. To learn more about HCF’s response during coronavirus, please visit

https://www.hawaiicommunityfoundation.org/coronavirus

 

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.

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® at Ward Village.

 

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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About Ward Village

About Ward Village®

Ward Village is a 60-acre master planned community 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 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 mixed-use 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 Ulana Ward Village®, The Park Ward Village®, and Kalae. Most recently approved by the Hawai‘i Community Development Authority (HCDA), The Launiu Ward Village will be the latest mixed-use development that will join the neighborhood.

Ward Village, a LEED-ND Platinum-certified master planned community part of the Howard Hughes Holdings Inc. portfolio, demonstrates its commitment to responsible, mixed-use development by investing in public benefits and amenities for Honolulu’s urban community. For more information, visit 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: 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.

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 Howard Hughes Holdings Inc.’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. Howard Hughes Holdings Inc. cautions you not to place undue reliance on the forward-looking statements contained in this release. Howard Hughes Holdings Inc. 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.

Contact

1240 Ala Moana Blvd. Honolulu, HI 96814

808-369-9600

wardvillage.com