Howard Hughes Finalizes Design for 210-Unit Condo Tower
- May 16, 2012
by Adriana Pop, Associate Editor
The Howard Hughes Corp. in Hawaii is in the final stages of design for the development of a 210-unit luxury condo tower above the Nordstrom parking garage at Ala Moana Center. The Dallas-based company has partnered with local developers The MacNaughton Group and the Kobayashi Group and expects to begin pre-sales of units later this year.
The five-story parking structure was built in 2007 to serve as the foundation for a 16-story condominium tower. According to the Pacific Business News, the project never got past the conceptual phase since its former owner, General Growth Properties, filed for Chapter 11 bankruptcy reorganization. Howard Hughes acquired the facility in 2011, along with the Ward properties, which include the Ward Warehouse, Ward Centre, Ward Entertainment Center and Ward Gateway Center.
Another development Howard Hughes is evaluating in the area is the Ward Neighborhood master plan, a project approved by the Hawaii Community Development Authority in early 2009. The plan includes more than 9 million square feet of potential mixed-use space and could result in the development of up to 7.6 million square feet, or 4,300 units, of residential property, 5 million square feet of retail and 4 million square feet of office and commercial use.
“The opportunity for residential and retail development at Ward is the most exciting development opportunity in the state of Hawaii,” CEO David R. Weinreb noted in his recent letter to shareholders.
In other news, Old Dominion Freight Line Inc. has opened its first Hawaiian service center in Honolulu, as a result of the consistent growth in shipments between the continental United States and all of the Hawaiian Islands. The facility is part of a $90-120 million investment the company is committing to real estate purchases and expansion projects in 2012. Old Dominion’s international and off shore shipping brand, OD-Global will manage the new center located at 664 Kakoi St. in Mapunapuna.
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