The Howard Hughes Corp., which plans to build two ultra-luxury, mixed-use condominium towers as part of its Ward Village master plan in Kakaako, on Friday published owner-occupant pre-sales notices for the two projects, including a penthouse with an asking price of $20 million, a record for the highest asking price ever for a new condo unit in Hawaii. Sales began on Saturday, February 1st at 9 a.m. Long lines started forming Friday at the historic IBM building, which has been renovated to include an information center and residential sales gallery for the developer’s Ward Village master plan.
The starting price of a studio unit in Anaha, located at 1108 Auahi St. on the site of the former Pier 1 Imports store, is in the high $400,000s to high $500,000s, while a one-bedroom unit ranges between $600,000 and mid $1 million.
A two-bedroom unit starts in the high $900,000s to more than $2 million, with three-bedroom units ranging from more than $1 million to more than $4 million, and penthouses priced at more than $1 million to $14 million.
A one-bedroom unit in Waiea, located at 1118 Ala Moana Blvd., across from the Ward Entertainment Center, starts at more than $1 million, with a two-bedroom unit going for between more than $1 million to more than $4 million, and three-bedrooms priced from more than $2 million to $7 million range.
Penthouses in Waiea range from $4 million to $20 million with villas ranging from more than $4 million to $5 million.
Nick Vanderboom, senior vice president of development for The Howard Hughes told PBN “We are pleased to invite all interested members of the public to join us for a first look at these exceptional residences set among dynamic public open spaces and walkable streets in the heart of Honolulu,”.
Coldwell Banker Pacific Properties has been selected as the exclusive sales team for the two projects.
The Howard Hughes Corp. plans to add more than 900 residential units in the first phase of its Ward master plan, which represents more than $1.25 billion in economic impact and thousands of direct and indirect jobs for Oahu, according to a study by ALH Urban & Regional Economics.