Ward Village® Welcomes Residents to Victoria Place® as Newest Residential Tower Opens in Acclaimed Howard Hughes Community in Honolulu
Howard Hughes Holdings (NYSE: HHH) has announced the opening of Victoria Place, the seventh residential tower in Ward Village, their 60-acre master planned community in Honolulu. The project achieved record-breaking sales in 2020, with approximately 70% of units sold within three months. The 40-story tower features 350 homes and is expected to generate the highest revenue of any completed tower in Ward Village history.
The construction generated over $770 million in real GDP, $250 million in workers' earnings, and created more than 1,000 jobs annually. The development includes Victoria Ward Park, offering 3.5 acres of green space, and features architecture by Solomon Cordwell Buenz, interiors by Tihany Design, and landscaping by Don Vita. Total sales across all Ward Village towers now exceed $6 billion.
Howard Hughes Holdings (NYSE: HHH) ha annunciato l'apertura di Victoria Place, la settima torre residenziale in Ward Village, la loro comunità pianificata di 60 acri a Honolulu. Il progetto ha raggiunto vendite record nel 2020, con circa il 70% delle unità vendute entro tre mesi. La torre di 40 piani ospita 350 abitazioni ed è prevista genererà il più alto fatturato di qualsiasi torre completata nella storia di Ward Village.
La costruzione ha generato oltre $770 milioni di PIL reale, $250 milioni di guadagni per i lavoratori e ha creato più di 1.000 posti di lavoro all'anno. Il progetto include Victoria Ward Park, che offre 3,5 acri di spazi verdi, con architettura di Solomon Cordwell Buenz, interni progettati da Tihany Design e giardinaggio a cura di Don Vita. Le vendite totali attraverso tutte le torri di Ward Village ora superano i $6 miliardi.
Howard Hughes Holdings (NYSE: HHH) ha anunciado la apertura de Victoria Place, la séptima torre residencial en Ward Village, su comunidad planificada de 60 acres en Honolulu. El proyecto logró ventas récord en 2020, con aproximadamente el 70% de las unidades vendidas en tres meses. La torre de 40 pisos cuenta con 350 viviendas y se espera que genere los mayores ingresos de cualquier torre completada en la historia de Ward Village.
La construcción generó más de $770 millones en PIB real, $250 millones en ganancias de trabajadores y creó más de 1,000 empleos anuales. El desarrollo incluye Victoria Ward Park, que ofrece 3.5 acres de espacio verde, y cuenta con la arquitectura de Solomon Cordwell Buenz, interiores de Tihany Design y paisajismo de Don Vita. Las ventas totales en todas las torres de Ward Village ya superan los $6 mil millones.
하워드 휴즈 홀딩스 (NYSE: HHH)는 호놀룰루에 위치한 60 에이커 규모의 마스터 플랜 커뮤니티인 워드 빌리지에서 일곱 번째 주거 타워인 빅토리아 플레이스의 개장을 발표했습니다. 이 프로젝트는 2020년에 사상 최고의 판매 기록을 세웠으며, 약 70%의 유닛이 3개월 이내에 판매되었습니다. 40층 규모의 타워에는 350개의 주택이 있으며, 워드 빌리지 역사상 완공된 타워 중 가장 높은 수익을 창출할 것으로 예상됩니다.
이 공사는 7억 7천만 달러 이상의 실질 GDP, 2억 5천만 달러의 근로자 소득을 창출했으며, 연간 1,000개 이상의 일자리를 창출했습니다. 이 개발에는 3.5 에이커의 녹지 공간을 제공하는 빅토리아 워드 공원이 포함되어 있으며, 설계는 솔로몬 코드웰 부엔즈가, 인테리어는 티하니 디자인이, 조경은 돈 비타가 담당하였습니다. 워드 빌리지의 모든 타워를 통해 총 판매량은 60억 달러를 초과합니다.
Howard Hughes Holdings (NYSE: HHH) a annoncé l'ouverture de Victoria Place, la septième tour résidentielle de Ward Village, leur communauté planifiée de 60 acres à Honolulu. Le projet a réalisé des ventes record en 2020, avec environ 70 % des unités vendues en trois mois. La tour de 40 étages propose 350 logements et devrait générer le chiffre d'affaires le plus élevé de toutes les tours achevées dans l'histoire de Ward Village.
La construction a généré plus de 770 millions de dollars de PIB réel, 250 millions de dollars de salaires pour les travailleurs et a créé plus de 1 000 emplois par an. Le développement comprend le Victoria Ward Park, offrant 3,5 acres d'espace vert, et présente une architecture de Solomon Cordwell Buenz, des intérieurs conçus par Tihany Design, et un aménagement paysager par Don Vita. Les ventes totales dans toutes les tours de Ward Village dépassent désormais 6 milliards de dollars.
Howard Hughes Holdings (NYSE: HHH) hat die Eröffnung von Victoria Place angekündigt, dem siebten Wohnhochhaus in Ward Village, ihrer 60 Hektar großen, geplanten Gemeinschaft in Honolulu. Das Projekt erzielte 2020 Rekordverkäufe, wobei etwa 70 % der Einheiten innerhalb von drei Monaten verkauft wurden. Der 40-stöckige Turm bietet 350 Wohnungen und wird voraussichtlich die höchsten Einnahmen aller in der Geschichte von Ward Village fertiggestellten Türme generieren.
Der Bau generierte über 770 Millionen Dollar an realem BIP, 250 Millionen Dollar an Arbeiterverdiensten und schuf jährlich über 1.000 Arbeitsplätze. Die Entwicklung umfasst den Victoria Ward Park, der 3,5 Hektar Grünfläche bietet, und zeichnet sich durch Architektur von Solomon Cordwell Buenz, Innenausstattung von Tihany Design und Landschaftsgestaltung von Don Vita aus. Die Gesamteinnahmen aller Türme in Ward Village übersteigen jetzt 6 Milliarden Dollar.
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Seventh residential tower set unprecedented sales record for premier O‘ahu community
HONOLULU, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) today announced the opening of Victoria Place®, the seventh residential tower in Ward Village®, the company’s award-winning 60-acre master planned community in Honolulu. In 2020, Victoria Place reported the highest sales volume in Ward Village history to date, driving momentum for future developments in the community’s master plan. Upon opening, Victoria Place is expected to generate the highest revenue for any tower completed in the history of Ward Village.
“When Victoria Place presales commenced in 2020, they set an unprecedented pace never before seen in Ward Village, with approximately
The construction of Victoria Place fueled economic growth in Hawaiʻi generating more than
“Victoria Place represents a notable step forward in the progression of the Ward Village neighborhood,” said Doug Johnstone, President of the Hawai‘i region for Howard Hughes. “It reflects a unique blend of local inspiration with modern design that is thoughtfully integrated with a natural setting of public open space. We are thrilled to welcome our new residents to Victoria Place as the Ward Village community continues to unfold.”
Located on the “front row” of O‘ahu’s South Shore adjacent to Victoria Ward Park and Kewalo Harbor, Victoria Place takes its inspiration from the mid-century architecture of Honolulu’s most reputable clubs and estate homes, as well as the rich history of its land and the project’s namesake, Victoria Ward.
Solomon Cordwell Buenz (SCB), an architecture firm at the forefront of urban design, collaborated with the Ward Village development team on the exterior to ensure the 40-story tower delivers unobstructed views for each of its 350 one-, two-, and three-bedroom homes in a design that is both timeless and contemporary. Interiors by famed design firm Tihany Design offer bespoke settings combined with one of Ward Village’s most extensive collections of art, inspired by an iconic era in Honolulu’s history.
Landscaping by world-renowned architect Don Vita of VITA Planning & Landscape Architecture provides signature open spaces throughout Victoria Place that reinforce the neighborhood’s integration of nature and curated gathering spaces. By its design, walkability, and distinct sense of place, Victoria Place seamlessly integrates with the adjacent Victoria Ward Park directly to the west.
The enhancement of open green space throughout Ward Village is a critical element of the award-winning community's master plan. Ward Village's newest public gathering place, Victoria Ward Park, offers 3.5 acres of green space devoted to health, wellness, and community connectivity, designed to enhance the community programming and retail activations that characterize Ward Village—including the many restaurants, cafes, farmers' markets and shops that give residents the exceptional experience of living in an expertly planned community, uniquely Hawaiʻi in its aesthetic and offerings.
About Ward Village®
Ward Village is a 60-acre master planned community in the heart of Honolulu, located between downtown and Waikīkī. Honoring the distinct history of its land, Ward Village is at the forefront of sustainable community development—integrating striking architecture, culture and arts, and public open space. At full buildout, the community will include thousands of homes and approximately one million square feet of unique retail in what Architectural Digest named “Best Planned Community in the United States.” As a result of strong demand for new housing in urban Honolulu, Ward Village quickly sold out its first seven mixed-use residential towers—Waiea®, Anaha®, Ae‘o, Ke Kilohana®, ʻAʻaliʻi®, Kō‘ula®, and Victoria Place®—transforming the popular shopping and dining district into a thriving mixed-use neighborhood that offers ocean views and open space, including its newest outdoor gathering place, Victoria Ward Park. New residential buildings in development or under construction include Ulana Ward Village®, The Park Ward Village®, and Kalae. Most recently approved by the Hawai‘i Community Development Authority (HCDA), The Launiu Ward Village will be the latest mixed-use development that will join the neighborhood.
About Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned communities, as well as operating properties and development opportunities including Downtown Columbia® in Maryland; The Woodlands®, Bridgeland® and The Woodlands Hills® in the Greater Houston, Texas area; Summerlin® in Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Teravalis™ in the Greater Phoenix, Arizona area. The Howard Hughes portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For additional information visit www.howardhughes.com.
Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in Howard Hughes Holding Inc.’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. Howard Hughes Holdings Inc. cautions you not to place undue reliance on the forward-looking statements contained in this release. Howard Hughes Holdings Inc. does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.
Media Contact:
Howard Hughes Holdings Inc.
Cristina Carlson, 646-822-6910
Senior Vice President, Head of Corporate Communications
cristina.carlson@howardhughes.com
Investor Relations Contact
Howard Hughes Holdings Inc.
Eric Holcomb, 281-475-2144
Senior Vice President, Investor Relations
eric.holcomb@howardhughes.com
Photos accompanying this announcement are available at
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FAQ
What was the sales performance of Victoria Place (HHH) in its initial launch?
How many residential units does Victoria Place at Ward Village (HHH) contain?
What economic impact did Victoria Place's construction have on Hawaii?
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