WARD VILLAGE® SUSTAINS STRONG SALES AS DEVELOPMENT ADVANCES
Earnings report highlights demand for dynamic, mixed-use neighborhood in Honolulu
HONOLULU (July 26, 2024) — Ward Village®, the award-winning 60-acre master planned community in the heart of Honolulu, sustained strong performance according to its second-quarter earnings report. The report highlights momentum gained in the first half of 2024, including robust home sales and progression of residences, public amenities and commercial spaces in the neighborhood.
Construction on Kalae—Ward Village’s 10th condominium tower—began in June, supported by a $420 million construction loan secured during the quarter. As of the end of the quarter, 97.4% of the units in the four towers currently under construction—Victoria Place, The Park Ward Village®, Ulana Ward Village, and Kalae®—are under contract. Pre-sales at The Launiu, Ward Village’s newest development, remained high, with 66 units contracted this quarter, bringing the total pre-sold to 51% of the building’s 485 residences.
“The strong sales we continue to experience at Ward Village illustrate the tremendous appeal of this exceptional community,” said Bonnie Wedemeyer, Executive Vice President, National Condominium Sales & Strategy at The Howard Hughes Corporation. “The ongoing demand for the unmatched lifestyle that Ward Village offers is a testament to our company’s commitment to creating a vibrant and thriving mixed-use community for the long term.”
Ward Village will mark several milestones through the remainder of 2024. Victoria Place will close within the next quarter, followed by Ulana Ward Village, which will be topping off by year-end. The expanded Victoria Ward Park and elevated walkway will also open, enhancing connectivity and pedestrian safety and adding an acre and a half of open space. Additionally, 12 new retail, dining, fitness studios and professional services will debut, with many making their first appearance in Hawai‘i, including local brands and well-known mainland chains. Last quarter, plant-based cafe Planted by La Tour Café, popular swimwear brand BikiniBird, and new-to-Hawai‘i Hand & Stone Massage and Facial Spa opened their doors in Ward Village.
For more information, please visit www.wardvillage.com.
Media kit (courtesy 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 Victoria Place, 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: 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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