Jack Tyrrell specializes in Kakaako, Honolulu, Hawaii luxury condo projects.

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Kakaako Farmers' Market ranked best in Hawaii

Photo: Jack Tyrrell & Company

Photo: Jack Tyrrell & Company

Kakaako Farmers’ Market at Ward Village received top honors at the 2019 Farmers Market Celebration People’s Choice Awards this month! The market was named No. 1 in the Pacific Region and in Hawaii. The weekly market consistently features a diverse offering of produce and other goods, as well the most exciting food vendors. If you decide to eat there, a tent is set up for you to sit and enjoy live music. The whole experience is not to be missed, and is a great way to get to know the neighborhood better while also supporting our local economy! Visit the market every Saturday from 8am to 12pm at 1050 Ala Moana Blvd.

Read more from Pacific Business News, below:

Kakaako Farmers' Market at Ward Village was named No. 1 in both the Pacific region and in Hawaii, as well as 15th in the nation by American Farmland Trust Inc. in its 2019 Farmers Market Celebration People's Choice Awards last week.

The 11th annual Farmers Market Celebration is a nationwide effort to promote locally grown, fresh food and the farmers that bring it to the farm stand.

This year's winners were chosen through nationwide voting, endorsements from their communities and stories of the market's impact on the community's local food system.

"We are proud to support our hui of local farmers and strive to create a neighborhood where healthy lifestyle opportunities are always readily available to the local community," Todd Apo, senior vice president of community development at The Howard Hughes Corporation, said in a statement. "Whether it's our neighborhood's walkability, multiple farmers' markets, or the selection of weekly fitness classes at Victoria Ward Park, Ward Village is being developed to embody wellness, connectivity, and vibrant placemaking."

Located at the corner of Ala Moana Blvd. and Ward Ave., the Kakaako Farmers' Market features more than 70 booths offering fresh locally-grown produce and artisan foods. The market is held every Wednesday evening from 4 p.m. - 8 p.m. and Saturday morning from 8 a.m.-12 p.m.

The variety at the market goes beyond what grows from the ground — including local, handmade comfort foods like tamales, poke, dim sum, smoothies and baked goods.

"Since 2012, the Kakaako Farmers' Market has served our local community of farmers, foodies, and artisans. We are honored to be named one of the best markets in the country," said Pamela Boyar, market manager of the Kakaako Famers' Market said in a statement.

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Honolulu is among ‘Best Foodie Cities in America’ Email Share Share

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With influences drawing from Asia to the Pacific to Europe to the mainland U.S., Honolulu’s food scene offers something for everyone. That is why we aren’t surprised that a recent study named Honolulu as a top city in the U.S. for foodies. From adventurous eats to fine dining to local Hawaiian cuisine, Honolulu is a haven for those that love food. Food not only reflects the diversity in Honolulu, but also strong family values. Nothing brings family together like a BBQ, graduation, or any other reason to celebrate around food! Read some of my local favorites here.

Read more from Pacific Business News, below:

Honolulu is one of the top cities in the country for foodies, according to a recent study by WalletHub. In the report, which was released earlier this week, Honolulu ranked No. 18 for “Best Foodie Cities in America.”

The study compared 182 U.S. cities — including the 150 most populated in the country, along with at least two of the most populated in each state — on a 100-point scale based on 30 metrics within four main categories: affordability, diversity, accessibility and quality. The metrics examined factors such as the cost of groceries, accessibility and affordability of high-quality restaurants, average price of beer and wine, the ratio of full-service restaurants to fast-food joints, access to healthy food options, and more.

Honolulu’s total score was 53.41, putting it just above Philadelphia and below Washington, DC. Portland, Oregon, meanwhile, nabbed the No. 1 spot with a total score of nearly 70.

While Honolulu predictably scored low in the affordability category — it ranked No. 178 out of 182, with the high cost of groceries being one main reason — it scored among the top 10 in the diversity, accessibility and quality of restaurants categories, pushing up its overall ranking.

San Antonio, Texas, which ranked No. 23 overall, was No. 1 in the affordability category, while New York City, second overall, scored the highest when it comes to diversity, accessibility and quality.

Pearl City, which was also included in the evaluation, ranked last overall among the 182 cities, with a total score of 22.48. Pearl City tied Honolulu and Juneau, Alaska, for having the highest cost of groceries, and it also scored low in the number of restaurants per capita, as well as the number of gourmet specialty food stores.

As part of the study, WalletHub also asked experts what local governments can do to improve the food scene in their cities.

According to Alice Julier, program director and associate professor of food studies at Chatham University, “creating safe urban centers that are accessible and inclusive to all types of people, regardless of income, race, and gender, is a great first start.”

Policy examples include creating zoning laws that allow for things like outdoor seating and pop-ups and having food safety exams available in multiple languages, she said.

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Howard Hughes gains approval for their latest luxury highrise in Kakaako

Photo: The Howard Hughes Corporation

Photo: The Howard Hughes Corporation

We are pleased to share that the Howard Hughes Corporation’s latest tower, Victoria Place, has won approval by the Hawaii Community Development Authority (HCDA). The project is planned to have 350 residential units, 15,590 square feet of open space at the ground level, and 64,105 square feet of recreational space. The unit mix would include 137 one-bedroom units, 146 two-bedroom units and 77 three-bedroom units. No retail space is planned. Instead, the tower would be designed to integrate with green open space below.

Read more from Hawaii News Now, below:

The Hawaii Community Development Authority Wednesday approved Howard Hughes Corp.'s latest highrise in Kakaako.

By 7-0 vote, the HCDA’s board gave the go-head to the 400-foot tall Victoria Place project on Ala Moana at the former site of the Ward Warehouse retail complex.

“We’re really thankful to the HCDA, the board and the staff for getting through the process really efficiently," said Todd Apo, senior vice president of community development at Howard Hughes.

But to get the development permit, the Hawaii Community Development Authority is requiring the developer to build 44 affordable units at another location in Kakaako.

The project, located across from Kewalo Basin, is located between the Waiea highrise and a park.

At the HCDA meeting, several Kakaako residents said they were concerned that the developer is balking on its promises to develop that park and other open spaces.

“So they put in a lawn, they put in some trees but it’s not a usable park. The only time they use it is when they have a rice festival or some other festival," said Kakaako resident Eric Yamaura.

But the developer said building parks and open areas will take some time.

“The exciting thing about the open space is it’s coming ... One of the biggest things (about this project) is it makes more open space,” said Apo.

Sales are expect start at end of year but it’s unclear when construction will be completed.

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Dean & DeLuca Hawai‘i to Open Café at Ward Village

Photo: Ward Village

Photo: Ward Village

Ward Village is excited to welcome legendary gourmet food and gift shop Dean & DeLuca to the award-winning neighborhood. The leading epicurean retailer and café will reside alongside Victoria Ward Park on the ground floor of Kō‘ula.

The café will offer fine food and gift items, fresh baked goods and pastries, deli, coffee bar, as well as, wine and cuisine parings with outdoor seating. Unique to Ward Village, Dean & DeLuca will offer gourmet picnic baskets as a convenient on-the-go option to enjoy at Victoria Ward Park. Family and friends will have the opportunity to gather for an afternoon picnic in the park while enjoying some of the freshest food selections on the island.

Dean & DeLuca combines the finest globally and locally sourced ingredients in Hawai‘i. The Ward Village café will serve daily brunch and pau hana specials as well as event catering.

 

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Developer seeks record $35M for planned Kapiolani penthouse

Photo: Mandarin Oriental

Developers of the Mandarin Oriental Hotel and Residences in Honolulu are looking to offer its penthouse for a record $35 million. Thank you to Andrew Gomes of the Honolulu Star-Advertiser for asking for my take. With the right buyer, I believe it could happen, especially for a well-known brand such as the Mandarin Oriental. Read the full article, below:

A new attempt is being made to sell the most expensive condominium in Honolulu ever.

The developer of the planned Mandarin Oriental Hotel and Residences tower announced Thursday that it intends to offer a penthouse for $35 million among 99 residential units that start at $3.5 million.

If such a sale is realized in the building slated to rise immediately Ewa of the Hawai‘i Convention Center just beyond Waikiki, it would top the current record — by more than $10 million.

However, this could be an exceptionally tall order given that past efforts to sell condos in Honolulu for more than $30 million haven’t succeeded.

“I hope they are successful,” said John “Jack” Tyrrell, a veteran local condo broker who estimates that he has sold more than 40 penthouses in Honolulu. “I think it will be a challenge.”

The highest residential condo sale price in Honolulu was $23.5 million paid in December for a 6,273-square-foot Park Lane Ala Moana “grand penthouse” completed on the makai edge of Ala Moana Center in 2017.

Perhaps the most ambitious effort previously was made by the developer of Ward Village, Howard Hughes Corp., which priced a penthouse topping its Waiea tower at $36 million in 2016 as construction on the Kakaako high-rise overlooking Ala Moana Beach Park was nearing completion.

Waiea’s “estate in the sky” features 10,000 square feet of living space and its own rooftop infinity pool. A slightly smaller penthouse one floor below in Waiea was priced at $35 million, and Hughes Corp. offered buyers the opportunity to combine the units if they bought the pair for $71 million. Listings for both units were withdrawn from the market in May.

In another Ward Village tower, Anaha, which was completed in 2017, a grand penthouse with 6,737 square feet of furnished living space and an infinity pool is on the market for $22.8 million.

Tyrrell, president of Jack Tyrrell &Co., said many prospective buyers of ultraluxury penthouses won’t consider such an expensive purchase until the unit is finished, which presents an extra challenge for the Mandarin project.

However, he also said the Mandarin Oriental brand has a strong following in Asia where $100 million condos exist, so this could add to the interest in the Honolulu tower project.

“It only takes one buyer,” he said.

Mandarin Oriental Hotel Group, which operates 32 hotels and seven residential properties around the world, once managed the Kahala hotel under an arrangement that ended in 2006.

Mana‘olana Partners, an affiliate of Los Angeles- based Salem Partners, is the developer of the new Mandarin project, which it describes as “redefining luxury in Honolulu” and becoming the “pinnacle of cosmopolitan living in Hawaii.”

Other descriptions the company is using to entice condo buyers include “rarefied air, for the most discerning few” and “an entirely new breed of Hawaiian vertical living.”

The planned 37-story tower project, previously known as Mana‘olana Place, is designed with 99 residences above 125 hotel rooms.

An initial offering involves 49 residences to be released for sale Oct. 1.

Mana‘olana said the tower will feature two restaurants led by Michelin-star chefs, the largest and most lavish spa on Oahu, spaces designed by internationally renowned designers, retail boutiques and a stunning water feature.

Amenities only for residents are slated to include a pool, spa, Peloton indoor cycling room, exhibition kitchen, karaoke room, theater, wine room, golf simulation room and outdoor lounge spaces with cabanas and fire pits.

“With sales soon to launch, we are thrilled to officially introduce the residences to the public and to be one step closer to bringing one of the world’s most renowned hotel brands back to Honolulu,” James Ratkovich, a Mana­‘olana co-managing partner, said in a statement.

The developer said it expects to start construction in the fall and finish in early 2022.

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Mandarin Oriental Honolulu residences to start sales Oct. 1

Photo: Mandarin Oriental Honolulu Residences

Photo: Mandarin Oriental Honolulu Residences

Read more from Pacific Business News, below:

The developer of the $1 billion Mandarin Oriental Honolulu hotel and condominium project said Thursday that sales of a limited release of units will start on Oct. 1.

Sales will start with 49 of the condo units under a “Friends and Family” program, and prices are estimated to start at $3.5 million, Manaolana Partners said in a statement. The developer said the project is expected to break ground in the fall, with completion targeted for early 2022.

The 418-foot, 36-story tower is planned for a corner of Kapiolani Boulevard and Atkinson Drive, across from the Hawaii Convention Center. The first 19 floors of the building will house a 125-room Mandarin Oriental hotel, topped by 17 floors of The Residences at Mandarin Oriental, Honolulu, which will have a total of 99 units.

The project’s sales office is located a few blocks away at Luxury Row at 2100 Kalakaua Ave.

"With sales soon to launch, we are thrilled to officially introduce The Residences to the public and to be one step closer to bringing one of the world's most renowned hotel brands back to Honolulu," Jim Ratkovich of Salem Parners and co-managing partner of Manaolana Partners, said in a statement. "Mandarin Oriental, Honolulu will breathe new life into the heart of the Ala Moana District as the first project approved under the Ala Moana transit-oriented development plan, aimed at improving connectivity, bringing a new vibrancy and adding to the neighborhood's burgeoning energy."

The design team on the project includes auWorkshop architects+urbanists, Honolulu architecture firm AHL, Dianna Wong, Meyer Davis, Hart Howerton and Italian designer Molteni&C Dada. The hotel and residences will also feature a public water and light installation designed by Fluidity Design, which has also done water and light projects at 50 United Nations Plaza and the Metropolitan Museum of Art in New York, Daesung D3 City in Seoul, Dubai Festival City and the Pacific Design Center in West Hollywood, California.

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Hawaii named 'Happiest State in America' for the second year in a row

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Popular finance website, Wallethub, named Hawaii the happiest state in the country. With a plethora of nature to enjoy, warm weather year-round, and a culture of aloha, this comes as no surprise! Read more from Pacific Business News, below:

Hawaii is the happiest state in the country according to a new report by finance website Wallethub.com.

For the report, researchers compared each of the 50 states based on several key criteria including physical well-being, work satisfaction, and community and environment. This is Hawaii's second consecutive time grabbing the No. 1 spot, and its fifth time in at least the top 10 on the list.

The Aloha State was ranked third-happiest in 2017 and 2015, fourth-happiest in 2016, and eighth-happiest in 2014.

Of the criteria that each state was judged by, Hawaii adults had the lowest share of depression, the longest life expectancy, and the highest social well-being score. The state was among the top five states for income growth, low divorce rates, underemployment and median credit score.

On the flip side, Hawaii ranked pretty low in a few categories, including economic confidence, No. 40, commute time, No. 42, job security, No. 48, and adequate sleep rate — the only category where Hawaii came in dead last.

Many of the state's poor performance areas should come as no surprise to residents who are well aware of Hawaii's high cost of living, and high-volume traffic issues. However, despite the negatives, Hawaii residents are still relatively happy, and psychologists say that, in addition to stellar weather it's Hawaii's family culture that makes the Islands a cut above the rest.

"I think people believe that money or material goods brings happiness, but we know from psychological research that having more money or affluence, while certainly helpful in providing a range of resources and access to quality health care, schools, etc., also leaves those living in these communities in poorer psychological health, said Miguel E. Gallardo, associate professor of psychology at Pepperdine University, in a statement.

"In fact, there has been other psychological research that has indicated that those “poorer” communities are more connected and collaborative with one another as it serves as a necessary outcome to their survival, both individually and communally," Gallardo said. "In essence, our relationships with one another and the support and love we receive from being connected interpersonally are important ingredients to a happy life."

Hawaii ranked toward the bottom at No. 40 in the report's volunteer rate category, and Gallardo suggests that a sure-fire way to increase happiness is to participate in community service and volunteer projects. The state with the highest volunteer rate, Utah, came in at No. 2 in the overall rankings.

"Positive psychology tells us that doing something good for other people, no matter how small or large, has positive psychological benefits to our own wellbeing," Gallardo stated. "Being connected to others and seeing our lives intertwined in some meaningful way and serving others both appear to be good starting points to living a happier life."

Other key findings in the report:

  • After Hawaii, the happiest states were Utah, Minnesota, California and New Jersey

  • The least happy state in the U.S. according to the report is West Virginia, followed by Arkansas, Alaska, Mississippi and Louisiana

  • Residents of South Dakota had the highest-average sleep rate, opposite Hawaii's No. 50 ranking

  • Washington had the highest sports participation rate and Kentucky had the lowest amount of active adults

  • New York had the lowest suicide rate in the country and Montana had the highest

  • Residents of Utah had the fewest work hours and Alaska residents reported the most

  • The safest state in the country is Minnesota and the least safe state is Mississippi

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International Dog Day

Getting a pet massage at JTC’s “Couple’s Massage” pet and owner massage booth at the Hawaiian Humane Society’s 2018 PetWalk Paina.

Getting a pet massage at JTC’s “Couple’s Massage” pet and owner massage booth at the Hawaiian Humane Society’s 2018 PetWalk Paina.

August 26 is International Dog Day, and we are celebrating since it’s no secret Jack Tyrrell and Company (JTC) loves dogs! We recognize the important role that dogs play in our friends’ and clients’ lives. For the past several years, JTC, through the Rainee Barkhorn Foundation, has supported the work of the Hawaiian Humane Society’s PetWalk.

One of the best things about Ward Village are its dog-friendly facilities. All Ward Village residences include a dog run area. If your dog is craving more room to exercise, Kolowalu Park and Victoria Ward Park offer a large expanse to run and an opportunity to socialize with other Ward Village neighbors. You may also find dogs and their owners hanging out at South Shore Market to escape the heat. Ward Village is one of the few dog-friendly places to relax in the neighborhood since the City and County of Honolulu still does not allow dogs at Ala Moana Beach Park (though, the Final Environmental Impact Statement for Ala Moana Regional Park and Magic Island Improvements includes a dog park in the future).

Some other useful resources when it comes to knowing where your furry friend is welcome:

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Honolulu named one of the best big cities to live in, despite high cost of living

One of the highlights of living in Honolulu is the beautiful sunset we enjoy daily.

One of the highlights of living in Honolulu is the beautiful sunset we enjoy daily.

Honolulu has been named on Wallethub’s list of top big cities to live in, coming in at number 9. While the cost of living is high, the quality of life, education, health, and economic opportunities provided to residents, according to Wallethub’s analysis, brought Honolulu into the top 10.

Read more from Pacific Business News, below:

In addition to being known for its beautiful beaches and vibrant tourism industry, Honolulu is home to some of the highest gas, grocery and housing prices in the United States. Despite this, a new study by Wallethub, a personal finance website, ranks Honolulu as one of the best big cities in which to live in the country.

The study ranked the 62 largest American cities on criteria such as affordability, economy, education and health, and quality of life. Honolulu squeezed into the top 10 ranking, coming in at No. 9.

On the plus side, Wallethub's data found that Honolulu residents were among the cities with the lowest percentage of the population living in poverty, and the highest population percentage of insured residents. On the negative side, Honolulu ranked really low on the affordability scale — 53 out of 62 — and was listed among the five cities with the highest housing costs.

Santa Ana, New York City, Miami and Los Angeles were the other cities with high housing costs.

The study also compared each city on several areas of "attractiveness" like a city's number of coffee shops, restaurants, crime rate, and walkability. These and other criteria contributed to a city's overall quality of life, Honolulu ranked relatively high in this area, coming in at No. 12.

"Quality of life supersedes all financial factors," said Theodore C. Landsmark, professor of Public Policy and Urban Affairs at Northeastern University, in a statement. "You live in a place every day, and it has to feel comfortable."

Honolulu also ranked No. 6 in the education and health category, which included the quality of public schools and hospital systems, and No. 5 in the economic category, which factored in unemployment rates, job opportunities, and income growth.

"Too many emerging professionals choose salaries over life styles, and find themselves burned out and frustrated as they’ve wasted irreplaceable time with meaningless pursuits of personal income," Landsmark said. "Life is short – one’s time and personal satisfaction needs to be balanced with careerist aspirations."

Virginia Beach, Virginia was ranked the best big city to live in the country for its high affordability ranking, No. 1, and high education and health ranking, No. 7. Detroit, Michigan was named the worst big city to live in due to its being in the absolute bottom ranking for the economy and education and health categories.

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Oahu home prices rose to new highs in July 2019

Photo: Jack Tyrrell & Company

Photo: Jack Tyrrell & Company

Honolulu’s housing market continues to see high prices, with two price records broken in July 2019. Sales for single-family homes and condos were higher than any month before, and prices increased. The median sales price of condos in July 2019 was $461,500, a 7.5% increase from $429,500 in 2018. This is the highest the median sales price of condos has reached since March 2018. With no newly constructed condo towers during this time, these numbers show that the demand for condos continues to be strong and sellers are able to sell at highly competitive prices.

Read more from The Honolulu Star-Advertiser, below:

Oahu’s housing market broke two price records in July, including one that had stood for more than a year.

The Honolulu Board of Realtors reported today that median sale prices for previously owned single-family homes and condominiums reached new peaks last month that were higher than any month before.

Single-family homes sold for a median $835,000 in July, up 5.8% from $789,500 in the same month last year. The prior record was $812,500 in September.

For condos, the median sale price last month rose 7.5% to $461,500 from $429,500 a year earlier. The old record of $435,000 was more than a year old and was set in March 2018.

Jenny Brady, Honolulu Board of Realtors president, suggested in a statement that lower mortgage interest rates may have enabled buyers to pursue more expensive homes.

Brady noted that there were 80 single-family home sales last month for between $900,000 and $1.2 million compared with 51 sales in the same range a year earlier. A similar boost happened in Oahu’s condo market, where there were 149 sales for between $500,000 and $699,999 in July compared with 106 sales in the same range a year earlier.

The number of sales overall was higher in July, the trade association report said.

Single-family home purchases rose 12.7% to 372 last month from 330 a year earlier. Condo purchases edged up 2.2% to 513 from 502 in the same period.

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