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The Howard Hughes Corporation® Generates Strong Sales Demand for the Launch of Ke Kilohana at Ward Village® in Honolulu, Hawaii

HONOLULU, Apr 25, 2016 (BUSINESS WIRE) -- Ward Village®, a master planned community by The Howard Hughes Corporation® HHC, -0.68% announced today sales results on its latest residential building, Ke Kilohana at 988 Halekauwila Street. The 43-story, 424-unit mixed-use condominium high-rise includes 375 residences reserved for qualified Hawai�"i residents. After commencing sales on Saturday, April 16, 100% of the 375 reserved homes offered for sale were under contract in less than five days.

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The Howard Hughes Corporation began conducting a series of homebuyer educational seminars in late 2015 that allowed potential buyers to learn about Ke Kilohana. Following the educational seminars, which brought thousands of people interested in becoming residents of Ward Village, The Howard Hughes Corporation received 956 completed applications for the 375 reserved housing units. A lottery was held on Friday, April 15, and buyer appointments began on Saturday, April 16. By Wednesday afternoon, all 375 homes were contracted, and remaining applicants have been placed on a backup list for any future availability.

“Demand for Ke Kilohana has exceeded our expectations. In keeping with our vision for Ward Village, the building was designed to enrich the lives of the community’s future residents with exceptional architecture and amenities to deliver a level of quality far beyond what is typical in the market for this product type,” said David R. Weinreb, Chief Executive Officer of The Howard Hughes Corporation. “We continue to see strong desirability to live in Ward Village and experience this new urban lifestyle in the heart of Honolulu.”

Designed by Los Angeles-based AC Martin in partnership with Honolulu-based CDS International, Ke Kilohana is designed for a lifestyle of convenience, connectivity and well-being with amenities that include two signature skylanai with stunning ocean views; a private movie theater; a fitness center with a workout area; a workspace with meeting areas; a karaoke room; a dog stop; a landscaped sky deck with BBQ grills; indoor/outdoor lounges for dinner parties and casual events; and a flagship 23,000-square-foot Longs Drugs on the ground floor.

Construction for the building is expected to begin later this year.

Ward Village’s 60-acre master plan located in Kaka‘ako between...