The Howard Hughes Corporation will be announcing shortly plans to build three new residential high-rise condominiums in Kakaako. Hughes Corp owns approximately 60-acres of land in the Ward Centers area in Kakaako. They have just recently applied for building permits from the Hawaii Community Development Authority, which is the state agency regulating development in the area. The Hughes Corp has an approved master plan which allows their company to build up to 4,300 residential units over the next 15 years. According to past press release, the master plan includes building 22 high-rise towers and doubling the existing retail, dining and entertainment venues that currently exist at the Ward Centers. It is estimated that it would cost the Hughes Corp approximately $7.5 billion to complete this massive undertaking.
Tentatively, it appears that these three towers will be located on the parking lot on the ocean side directly across from the Ward theater complex, on the site where the Pier 1 Imports currently occupies, and on an area on Ward Avenue currently occupied by the Kanpai Bar and Grill.
Source: Honolulu Star Advertiser, 5-21-2013, 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
