The Howard Hughes Corporation announced Tuesday the next milestone in the transformation of Ward Village -- a 60?acre, master planned community located in the Kaka'ako district of Honolulu.
The first phase of the redevelopment includes a workforce housing tower, two market?rate residential towers and a new information center and sales gallery in the iconic IBM building, currently undergoing renovation.
The company submitted a development permit application to the Hawai'i Community Development Authority for its first workforce housing tower and is
preparing for its first hearing on this project in June.
The Howard Hughes Corporation first announced its "forWARD" vision for Ward Village in October 2012, with a plan to create a dynamic neighborhood offering a vibrant urban lifestyle with more than 4,000 residential units and more than one million square feet of retail and commercial space.
The development will feature an urban residential neighborhood surrounded by community open spaces and pedestrian friendly streets, creating an energetic environment to encourage walking and biking.
The vision incorporates strong principles of sustainability and cultural respect across the 9.3 million square foot mixed use development, according to The Howard Hughes Corporation.
In its planning for Phase One, The Howard Hughes Corporation has gone beyond many of the requirements for development under the master plan approved by the HCDA. Phase One towers will have a mauka?makai orientation, which will showcase the breathtaking views for residents while preserving the skyline for others.
New buildings along Ala Moana Boulevard will be set back to create a greenbelt lined with townhouses, establishing a residential character and a new face for the neighborhood.
The company also plans to build more than three times the required workforce housing in Phase One, ensuring that Ward Village will offer a substantial amount of opportunities for local, first?time homebuyers.
The Howard Hughes Corporation is among one of the first developers in Hawaii to create a set of sustainability goals for a master planned community, aimed at earning the Leadership in Energy & Environmental Design for Neighborhood Development certification.
Specific goals include the following:
- obtaining LEED?ND building certification for at least 90 percent of new buildings in Ward Village;
- installing flexible cooling systems to reduce energy use;
- covering more than 50 percent of available rooftop space with gardens or solar?reflective materials;
- and implementing water efficiency measures to reduce usage.
"After months of careful preparation and meetings with numerous community partners, we are thrilled to take the next step in delivering the first phase of Ward Village," said Nick Vanderboom, Senior Vice President of Development for The Howard Hughes Corporation. "We view the opportunity to reshape
the urban core of Honolulu as a great responsibility and intend to be good stewards of this land."
Throughout the planning and development of Ward Village, The Howard Hughes Corporation will continue its ongoing consultations with recognized cultural descendants, the O'ahu Island Burial Council , the State Historic Preservation Division, the Office of Hawaiian Affairs, the HCDA, the City and County of Honolulu and other community stakeholders.
"Kaka'ako is transforming into a vibrant 'third city' and already attracting a broad range of residents,” said Gov. Neil Abercrombie. "By focusing on sustainable development and smart growth in the urban core, we can curtail urban sprawl and provide a viable and integrated community where residents of all ages can live, work and play.”
A relatively short distance away, construction recently commenced at ONE Ala Moana, a luxury high?rise development by HHMK Development, a partnership comprised of well?respected local developers, The MacNaughton Group and Kobayashi Group, and The Howard Hughes Corporation.
Beginning three months ahead of schedule, the 23?story, 206?unit tower made headline news in December 2012 when the residences sold out within the first two days of being offered. Expected for completion in late 2014, the high?end residences are situated within Ala Moana Center on top of the Nordstrom parking
The first phase of Ward Village development is projected for completion in 2016, nearly two years after ONE Ala Moana. Ward Village Phase One represents more than $1.25 billion in local economic impact and almost 9,000 direct and indirect jobs throughout the island of Oahu, according to a study by ALH Urban & Regional Economics.