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Ilima Ward Village will provide an unparalleled living experience in the prestigious Oahu community
Howard Hughes partners with Discovery Land Company to develop premium residential towers at Ward Village® in Hawaii
Honolulu, March 19, 2024 (GLOBE NEWSWIRE) — Howard Hughes Holdings Inc.® (NYSE: HHH) today announced a joint venture partnership with Discovery Land Company to develop “Ilima Ward Village,” a new residential tower located in a prime location in the award-winning 60-acre master-planned community of Ward Village® Located in downtown Honolulu. “Ilima is designed to deliver an unparalleled island living experience, including refined aesthetics, spacious amenities and sweeping ocean and Diamond Head views. “Ilima and its attached tower, Melia Ward Village, were designed by renowned architecture firm Robert AM Stern Architects.
“Ilima will be the exclusive residential offering on Oahu from Discovery Land Company, a global real estate developer and operator of private residential club communities with a global portfolio of more than 35 domestic and international properties. ‘Ilima is a 33 The 148-residence tower will feature Discovery’s signature concierge services and thoughtfully designed amenities, delivering the exceptional residential experience the company is known for. Ilima will complement Discovery’s portfolio of prestigious communities in Hawaii, including Kukio Golf and Beaches Club, Makena Golf and Beach Club and North Shore Reserve.
“Discovery 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.” Michael S. Meldman, founder and chairman of Discovery Land. “Ilima Ward Village provides us with a unique opportunity to develop a discovery experience in a new setting: a residential tower offering unparalleled amenities and services in a vibrant urban island setting.”
Howard Hughes’ partnership with Discovery Land Company began in 2015 when the two companies jointly developed Summit Club, a highly successful 600-acre luxury community within the Howard Hughes Community in Summerlin, Las Vegas. In 2023, the overwhelming success of Summit Club led to the addition of more custom homes and 54 acres of land to meet the strong demand for the luxury community. The development of “Ilima Ward Village” builds on the successful collaboration between the two companies to bring luxury living to Oahu.
“Our partnership with Discovery Land Company will bring a new residential experience to Ward Village that will integrate seamlessly with this unique Oahu community and set a new standard for elegant, upscale apartment living.” David R. O’Reilly, Chief Executive Officer, Howard Hughes. “Howard Hughes and Discovery Land share a commitment to creating unparalleled experiences through master planning and creating communities known for their high-quality design, exceptional amenities and stunning natural surroundings.”
“Ilima and its accompanying tower, Melia Ward Village, will be connected by a native plant garden pathway stretching from the iconic IBM building to the vast Ka Lei Park, taking full advantage of the project’s prime location in one of the most prosperous locations with uninterrupted ocean views. and Diamond Head Views. Honolulu’s vibrant community. Landscape design for the two new towers will be handled by world-renowned landscape architecture studio VITA Planning & Landscape Architecture, whose extensive project portfolio includes work throughout Ward Village. Ilima Ward Village The interior was designed by renowned design studio Champalimaud Design.
Ward Village has sold out all remaining apartment inventory at ‘A’ali’i® and red®and the tower being developed – Victoria Square®, The Park Ward Village, Ulana and Kalae – a total of 96% sold by the end of 2023. Launiu Ward Village – The community recently announced 11th Towers – Pre-sales have begun and strong interest has been shown, illustrating the continued market demand in Ward Village.
About Howard Hughes Holdings, Inc.
Howard Hughes Holdings Inc. owns, manages and develops commercial, residential and mixed-use real estate throughout the United States, and its award-winning assets include the nation’s preeminent portfolio of master-planned communities and operating properties and development opportunities, including: New York City Seaport; Columbia city center® In Maryland; The Woodlands®bridgeland® and woodlands hills® Greater Houston, Texas; Summerlin® In Las Vegas; Ward Village® Honolulu, Hawaii; and Teravalis™ in the greater Phoenix, Arizona area. The Howard Hughes portfolio is strategically positioned to meet and accelerate growth based on market demand to become one of the strongest real estate platforms in the United States. Committed to innovative placemaking, the firm is recognized for its ongoing commitment to design excellence and the cultural life of its communities. Howard Hughes Holdings Inc. is listed on the New York Stock Exchange under the symbol HHH. For more information, please visit www.howardhughes.com.
Safe Harbor Statement
Statements in this press release that are not historical facts, including statements accompanied by the words “will,” “believe,” “expect,” “realize,” “achieve,” “plan,” “intend,” “assume,” etc., ” “Transform” and other similar expressions constitute 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 identified as risk factors in Howard Hughes Holdings’ 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. undertakes no obligation to publicly update or revise any forward-looking statement to reflect future events, information or circumstances occurring after the date of this release.
About Discovery Land
Discovery Land Company is a U.S.-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. Each community offers unparalleled amenities and inspiring experiences catering to a family-oriented lifestyle. Driven by a commitment to excellence and innovation, Discovery’s distinguishing feature is its unique approach to each site, respectfully incorporating the natural and cultural character of the surrounding land. Discovery’s programs, amenities and services are designed to foster family connections and create lifelong memories, focusing on creating experiences that everyone in the family will enjoy. In addition, Discovery’s golf courses are consistently ranked among the top golf courses in the United States by both professionals and amateur golfers. Discovery Land Company has properties around the world, including the United States, Europe, Central America and Dubai. To learn more, visit discoverylandco.com.
Media Contact
Christina Carlson, 646-822-6910
Senior Vice President, Head of Corporate Communications
christinacarson@howardhughes.com
Investor Relations Contact Information
Eric Holcomb, 281-475-2144
Senior Vice President, Investor Relations
eric.holcomb@howardhughes.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2119abf3-5cd0-417f-8645-9b263de286b2
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