Howard Hughes has just announced its plans for two new towers in its Ward Village master-planned community. The two towers - Ulana Ward Village and The Park on Ward - will add 1,243 new homes to the Kakaako neighborhood.
Ulana Ward Village and The Park on Ward will be the eighth and ninth towers to be added to Ward Village and are projected for construction in about two years in the area formerly known as Ward Centers. The high-rise condominiums will be part of a new phase of construction which allocates more than $1 billion and includes 90,000 square feet of additional public park space, including an elevated walkway over Ala Moana Boulevard.
The start of construction on Ulana Ward Village and The Park on Ward will coincide with the completion of Ward Village’s sixth and seventh towers - Koula, scheduled to be completed in the third quarter of 2022, and Victoria Place, which is about to break ground and slated for completion at the end of 2022. Another Ward Village tower, Aalii, is scheduled to be completed at the end of 2021.
Ulana Ward Village, the larger of the next two planned towers, will feature 697 homes on the block bordered by bordered by Auahi, Kamani and Pohukaina streets. Residents can enjoy a 40,000 square foot park just for Ulana residents and a separate building with parking. Additionally, Howard Hughes’ plan will feature a 30,000 square foot public park, retail spaces along Pohukaina street and a 30,000 square foot industrial building for commercial tenants.
The Park on Ward will feature higher-end units including 546 homes fronting Ward Avenue in the block once occupied by Sports Authority. Similar to other Ward Village towers, The Park on Ward will feature ground floor retail space on all sides of the tower and will sit adjacent to Victoria Ward Park, which is slated to grow from 20,000 square feet to about 90,000 square feet.
At this moment it's unclear how much reserved housing Ulana Ward Village will have. It is clear from the permitting application for Victoria Place and Koula, both of which DO NOT have a reserved housing component within their respective projects, that their required Reserved Housing units will be designated for Ulana Ward Village. This is something we've seen in the past with Ke Kilohana which had 375 reserved housing units and fulfilled the requirement for Waiea, Anaha, and Ae'o. If we take a look at the unit count at Koula which is at 560 units and Victoria Place, 350 units, it's safe to say that there will be, at the very least, 400+ reserved housing units in the building as I can imagine the reserved housing units for The Park on Ward will also be in Ulana.