Congratulations to The Howard Hughes Corporation for breaking ground on its sixth Ward Village mixed-use tower, Kōʻula! Situated in a prime location along the 1.5-acre Victoria Ward Park, this 41-story tower will include 565 residences comprised of studio, 1-bedroom, 2-bedroom, and 3-bedroom units. Recently, Jeanne Gang, the principal architect of Studio Gang Architects - which is the team behind Kōʻula’s unique design - was named In TIME Magazine's 100 Most Influential People of 2019.
Sales began in January, and as of June 2019, the building has been 64% pre-sold. Contact us if you would like to learn more about this exciting new development!
See more photos from the groundbreaking on PBN’s website here.
The Howard Hughes Corp. held a ceremonial groundbreaking on the sixth mixed-use tower at its Ward Village master-planned community in Honolulu Tuesday, a 41-story tower that will be built facing Victoria Ward Park.
Simon Treacy, president of The Howard Hughes Corp.’s Hawaii region, noted that the building, which will have 565 units, builds upon a wellness theme for Ward Village that began with the opening of the 1.5-acre park late last year.
Included in that is the exterior design by Jeanne Gang of Studio Gang, which is meant to resemble sugar cane stalks as they move and twist.
“It could be one of the world’s most calming buildings,” Treacy told Pacific Business News after the ceremony. “Wellness is the thing we’re trying to curate.”
David Weinreb, CEO of The Howard Hughes Corp. (NYSE: HHC), came to Honolulu from the Dallas headquarters, along with company President Grant Herlitz and Chief Financial Officer David O’Reilly, for the ceremonial groundbreaking, which featured a traditional Hawaiian blessing by Kumu Hinaleimoana Wong-Kalu.
Hawaiian Dredging Construction Co. has been working on the pre-construction part of the project; Howard Hughes representatives said the general contractor for the building has not been finalized.
Sales of the residential units in Koula began in January. By April 30, 331 units, or 58.6% of the total units, were pre-sold, according to the developer’s first quarter earnings report.
The company said Tuesday that the building was 64% pre-sold by the end of June.
Prices began at $514,000 for units in the podium, while tower units were priced from the $600,000s to the mid $2.4 millions. Interiors were designed by Yabu Pushelberg, and some units are available furnished with a “turnkey package.”
The building will also have 36,000 square feet of retail space on the first two floors.
Many of the sales have been to local buyers, Bonnie Wedemeyer, senior vice president of sales, told PBN.
“Sales have been very strong,” Wedemeyer said. “It’s consistently been so well received.”