The Howard Hughes Corporation has released their new development plan for what they are calling the Ward Village. The plan calls for building a total of 22 residential towers on 60 acres of land and add double the number of existing retail shops and restaurant in the area. The entire project will cost approximately $7.5 billion to complete and will take a total of 15 years. The first phase, which would include three residential towers, will break ground in 2014 and be completed in 2016, pending approval from the Hawaii Community Development Authority.
The exact plans for where the building will be located will not come out until an archaeological survey has been completed and presented to the state Department of Land and Natural Resource’s State Historic Preservation Division. Hawaiian groups praise this decision by the Hughes Corporation, as there is still a concern that the survey would find iwi’s or Hawaiian burials on the land.
Source: Honolulu Star Advertiser, 10-11-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
