The Howard Hughes Corp has been given approval by the Hawaii Community Development Authority to build its first three high-rise towers in Kakaako. The HCDA had previously approved a tower located at 404 Ward Avenue, which will feature 424 moderately price units. Towers #2 and #3 will be at 1140 Ala Moana Blvd and 1108 Auahi Street respectively. 1140 Ala Moana Blvd (tentative name) will be a luxury condominium with a total of 177 units in the main tower and 10 townhouses facing Ala Moana Blvd. 1108 Auahi Street (tentative name) will have 312 units in the main tower, and 82 flats and townhouses in low-rise buildings. All three towers are projected to begin sales by the end of this year. Construction is expected to begin early 2014 and the towers are expected to be completed in 2016.
According to their master plan, the Hughes Corp has the rights to build 22 towers over the next 15 years. Hughes Corp has stated that in a future phase of the development, they may build three more towers on the block currently occupied by the Ward Warehouse.
Source: Honolulu Star Advertiser, 8-22-2013, 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
