The 565-unit, 41-story Kōʻula tower, the sixth residential tower at the 60-acre Ward Village master-planned community in Honolulu owned and developed by The Howard Hughes Corp., has opened just blocks from the Pacific Ocean.
The building is now 96.6 percent pre-sold with closings expected to begin this week. David O’Reilly, CEO of The Howard Hughes Corp., said in a prepared statement the LEED-ND Platinum-certified community continues to demonstrate record-breaking sales. In its second-quarter earnings reported released last month, the corporation stated Kōʻula ended the second quarter with 96.3 percent sold. HHC noted it sold 20 condominium units in total at Ward Village in Q2, including 19 units at ‘A’ali’i and one at Waiea. Victoria Place, which is expected to be completed in 2024, is sold out, according to the earnings report. The Park Ward Village contracted 11 units during the second quarter and is now 90.6 percent sold with construction slated to begin later this year. Ulana, Ward Village’s ninth condo tower, will be fully dedicated to workforce housing and ended the quarter at 90.1 percent pre-sold.
The Ward Village project dates back to January 2011 when HHC entered into a development agreement with the Hawaiian Community Development Authority. The agreement allowed for up to 9.3 million square feet of mixed-used development that was to include more than 4,000 residential units and more than 1 million square feet of retail and other commercial space. In October 2012, the corporation made the official announcement that it planned to create an urban master-planned community in the Kaka’ako district of Honolulu that would be called Ward Village. HHC had already owned the Ward Centers retail area where the mixed-use project would be located.
In addition to Ward Village, some of HHC’s major holdings include the Seaport in New York City, The Woodlands in the greater Houston area, Summerlin in Las Vegas and the Douglas Ranch in Buckeye, Ariz., near Phoenix. The corporation purchased the Douglas Ranch in October 2021 for approximately $600 million from JDM Partners and El Dorado Holdings. Both companies remained as joint venture partners with HHC on Trillium, the 3,000-acre first Douglas Ranch village.
The tower has studio, one-, two- and three-bedroom floorplans that are designed to bring the outdoors in and extend the living space. The property has more than 1 acre of amenity space and social areas, including an open-air lobby, leisure and fitness spaces on the eighth level and Victoria Ward Park, a new 3.5-acre open space surrounding the tower. Ward Village also has restaurants, cafes, farmers markets and shops.
Kōʻula was designed by Studio Gang, a renowned architecture firm led by Jeanne Gang. The property’s design focuses on community connectivity and ecological awareness. The name translates to “red sugar cane” and is an homage to the native plant whose twisting appearance was the inspiration for Studio Gang’s design featuring a wave-light appearance for the façade. The design team used a structural system composed of stacked “wallumns,” a hybrid element that serves as a wall and column and creates open, column-free layouts in the units that feature Pacific Ocean views, the city and the Koʻolau Range. The wallumns also provide support and shade for each lanai.
The interiors are designed by Yabu Pushelberg in collaboration with Studio Gang.