{"id":11220,"date":"2024-04-11T17:21:44","date_gmt":"2024-04-11T22:21:44","guid":{"rendered":"https:\/\/1reason.com\/re\/howard-hughes-announces-partnership-with-discovery-land-company-at-ward-village-to-develop-new-premier-residential-tower-designed-by-robert-a-m-stern-architects\/11220\/"},"modified":"2024-04-12T12:21:44","modified_gmt":"2024-04-12T17:21:44","slug":"howard-hughes-announces-partnership-with-discovery-land-company-at-ward-village-to-develop-new-premier-residential-tower-designed-by-robert-a-m-stern-architects","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/howard-hughes-announces-partnership-with-discovery-land-company-at-ward-village-to-develop-new-premier-residential-tower-designed-by-robert-a-m-stern-architects\/11220\/","title":{"rendered":"Howard Hughes Announces Partnership With Discovery Land Company at Ward Village\u00ae to Develop New Premier Residential Tower Designed by Robert A.M. Stern Architects"},"content":{"rendered":"
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Howard Hughes Partners with Discovery Land Company to Develop Premier Residential Tower at Ward Village\u00ae in Hawaii<\/figcaption>
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HONOLULU, March 19, 2024 (GLOBE NEWSWIRE) — Howard Hughes Holdings Inc.<\/a>\u00ae<\/sup> (NYSE: HHH) announced today a joint venture partnership with Discovery Land Company for the development of a new residential tower, \u2018Ilima Ward Village, in the premier location within the acclaimed 60-acre master planned community of Ward Village\u00ae<\/sup> in the heart of Honolulu. \u2018Ilima is designed to deliver an unrivaled island living experience with a refined aesthetic, expansive amenities, and sweeping ocean and Diamond Head views. \u2018Ilima, along with its companion tower Melia Ward Village, is being designed by celebrated architecture firm Robert A.M. Stern Architects.<\/p>\n

\u2018Ilima will be the exclusive residential offering on O\u2018ahu from Discovery Land Company, the global real estate developer and operator of private residential club communities with a world-renowned portfolio of more than 35 domestic and international properties. A 33-story tower comprising 148 residences, \u2018Ilima will include Discovery\u2019s signature concierge services and curated amenities providing the distinguished residential experience for which the company is known. \u2018Ilima will complement Discovery\u2019s collection of renowned communities in Hawai\u2018i including K\u016bki\u02bbo Golf & Beach Club, M\u0101kena Golf & Beach Club, and North Shore Preserve.<\/p>\n

\u201cDiscovery Land Company’s core philosophy is to enhance the natural character and spirit of each property we develop in order to provide members and residents with a thoughtful, family-oriented lifestyle experience,\u201d said Michael S. Meldman, Founder and Chairman of Discovery Land Company<\/strong>. \u201c\u2018Ilima Ward Village is a unique opportunity for us to evolve the Discovery experience in a new setting: a residential tower with unparalleled amenities and service in a vibrant, urban island setting.\u201d<\/p>\n

Howard Hughes\u2019 partnership with Discovery Land Company began in 2015 when the two companies together developed Summit Club, the highly successful, 600-acre luxury neighborhood within the Howard Hughes community of Summerlin in Las Vegas. In 2023, the tremendous success of Summit Club led to the addition of more custom homesites and 54 additional acres to meet the intense demand for the luxurious community. The development of \u2018Ilima Ward Village builds on the success of the partnership between the two companies to bring luxury living to the island of O\u2018ahu.<\/p>\n

\u201cOur partnership with Discovery Land Company is bringing a new residential experience to Ward Village that will seamlessly integrate with this exceptional O\u2018ahu community and set a new standard for gracious,upscale condominiumliving,\u201d stated David R. O’Reilly, Chief Executive Officer of Howard Hughes<\/strong>. \u201cHoward Hughes and Discovery Land share a dedication to creating incomparable experiences\u2014through master planning and delivering communities distinguished by their high-quality design, outstanding amenities, and stunning natural settings.\u201d<\/p>\n

\u2018Ilima and its companion tower Melia Ward Village, will be connected with a native botanical garden pathway stretching from the iconic IBM Building to the expansive Ka Lei Park, capitalizing on the project\u2019s unobstructed ocean and Diamond Head views in its prime location within one of most vibrant communities in Honolulu. The landscape design of the two new towers will be produced by VITA Planning & Landscape Architecture, a world-renowned landscape design studio whose extensive portfolio of projects includes work throughout Ward Village. The interior of \u2018Ilima Ward Village is being designed by acclaimed design studio Champalimaud Design.<\/p>\n

Ward Village has sold out all remaining condominium inventory at \u2018A\u2018ali\u2018i\u00ae<\/sup> and K\u014d\u2018ula\u00ae<\/sup>, and towers in development\u2014Victoria Place\u00ae<\/sup>, The Park Ward Village, Ulana, and Kalae\u2014were collectively 96% sold as of year-end 2023. The Launiu Ward Village\u2014the community\u2019s recently announced 11th<\/sup> tower\u2014has commenced pre-sales and is demonstrating strong interest that illustrates the continued market demand for Ward Village.<\/p>\n

About Howard Hughes Holdings Inc.<\/strong>
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\u2019s preeminent portfolio of master planned communities, as well as operating properties and development opportunities including: the Seaport in New York City; Downtown Columbia\u00ae<\/sup> in Maryland; The Woodlands\u00ae<\/sup>, Bridgeland\u00ae<\/sup> and The Woodlands Hills\u00ae<\/sup> in the Greater Houston, Texas area; Summerlin\u00ae<\/sup> in Las Vegas; Ward Village\u00ae<\/sup> in Honolulu, Hawai\u02bbi; and Teravalis\u2122 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 HoldingsInc.is tradedon the New York Stock Exchangeas HHH. For additional information visit www.howardhughes.com<\/a>.<\/p>\n

Safe Harbor Statement<\/strong>
Statements made in this press release that are not historical facts, including statements accompanied by words such as \u201cwill,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201cenables,\u201d \u201crealize,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cassume,\u201d \u201ctransform\u201d 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\u2019s 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 Holdings Inc.\u2019s filings with theSecurities 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.<\/p>\n

About Discovery Land Company<\/strong>
Discovery Land Company is a US-based real estate developer and operator of private residential club communities with a world-renowned portfolio of more than thirty-five domestic and international properties. Every community features unparalleled amenities and inspired experiences that cater to a family-oriented lifestyle. Driven by a commitment to excellence and innovation, Discovery\u2019s distinguishing hallmark is a unique approach to each location that respectfully integrates the natural and cultural characteristics of the land that surrounds it. Designed to facilitate family connections and make lifelong memories, Discovery\u2019s programs, amenities, and services focus on creating an experience that everyone in the family will enjoy. Furthermore, Discovery\u2019s golf courses are continuously named among the top golf courses in the US by professionals and amateur golfers alike. Discovery Land Company properties are located around the globe, including throughout the United States, Europe, Central America, and Dubai. To learn more, visit discoverylandco.com.<\/p>\n

Media Contact<\/strong>
Cristina Carlson, 646-822-6910
SVP, Head of Corporate Communications
cristina.carlson@howardhughes.com<\/a><\/p>\n

Investor RelationsContact<\/strong>
Eric Holcomb, 281-475-2144
SVP, Investor Relations
eric.holcomb@howardhughes.com<\/a><\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/2119abf3-5cd0-417f-8645-9b263de286b2<\/a><\/p>\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2018Ilima Ward Village to offer an unrivaled living experience at acclaimed O\u2018ahu community<\/p>\n

<\/p>\n

Howard Hughes Partners with Discovery Land Company to Develop Premier Residential Tower at Ward Village\u00ae in Hawaii<\/p>\n

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