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Jul 28, 2015

Ward Village​® to Welcome Longs Drugs at 988 Halekauwila Project

Press Contacts

Caryn Kboudi, The Howard Hughes Corporation, caryn.kboudi@howardhughes.com, (214) 741-7744

Much-Needed Retail Pharmacy to Open in the Heart of Honolulu

HONOLULU (July 29, 2015) – Ward Village®, a master planned community by The Howard Hughes Corporation® (NYSE: HHC), announced today plans to bring a 23,000 square-foot Longs Drugs into the Honolulu neighborhood. The new, full-service store will be located on the ground floor of the 988 Halekauwila affordable housing mixed-use project at the mauka-ewa corner of Ward Avenue and Halekauwila Street bringing additional services to Ward Village and the surrounding area.

The Longs Drugs will be located at 988 Halekauwila. The company currently has more than 50 locations on the islands and is Hawai'i's largest drug store chain having served the state since 1954.

"Longs Drugs is pleased to be joining the vibrant community of Ward Village and helping them on their path to better health," said Harold Morse, General Manager of Longs Drugs. "With over 50 years of serving the people of Hawai'i, we look forward to welcoming our current and future shoppers to Longs Ward Village."

Longs Drugs will further enhance the transformation of Ward Village into a sustainable, walkable neighborhood in the heart of Honolulu. The store will be located across the street from HART's future Kaka'ako Station and will offer residents, businesses and visitors a convenient place to pick up prescriptions or shop for day-to-day necessities. It will also be a great complement to the flagship Whole Foods Market that was previously announced for the community. Ward Village is Hawai'i's only LEED-ND Platinum-Certified project and the largest neighborhood development in the country to receive such a prestigious certification. The community will offer opportunities for a convenient and walkable lifestyle where residents will have the opportunity to meet their daily needs without a car.

"Ward Village is committed to making Honolulu a better place for our local community to live, work, shop and play," said Nick Vanderboom, Senior Vice President of Development for The Howard Hughes Corporation. "This new Longs Drugs will allow Ward Village residents and other members of the nearby community to comfortably meet their daily needs with greater convenience."

988 Halekauwila, the third residential tower in the Ward Village Master Plan, will provide 375 one-, two- and three-bedroom reserved housing residences to local families within walking distance of shopping, entertainment, parks, beaches and the revitalized Kewalo Harbor. The building will target LEED certification as part of Ward Village, which is certified as the state's only LEED for Neighborhood Development (LEED-ND) Platinum-Certified community. The project is currently in the process of finalizing design and is estimated for completion in 2019.


About Ward Village®

Developed by The Howard Hughes Corporation, Ward Village is a new 60-acre coastal master planned community in the heart of Honolulu located between downtown and Waikīkī in the Kakaʻako district. Ward Village includes two mixed-use residential towers – Waiea and Anaha – that are now under construction and will transform the popular shopping and dining district into a vibrant neighborhood that offers exceptional residences with incredible island and ocean views and a carefully curated mix of retail experiences set among dynamic public open spaces and walkable streets.

This growing community will include three additional developments: Ae'o at 1001 Queen Street, Gateway Towers and Ke Kilohana at 988 Halekauwila Street. Aeʻo at 1001 Queen Street is a 466-unit mixed-use condominium tower anchored by a flagship Whole Foods Market. The extraordinary first building of Gateway Towers on Ala Moana Boulevard will bring the architecture of world-renowned architect Richard Meier to the Honolulu skyline. Ke Kilohana will bring housing targeted for local residents and a 23,000 square foot Long's Drugs to the neighborhood.

The vision for Ward Village is consistent with the master plan approved by the HCDA in 2009, which allows for up to 9.3 million square feet of mixed-use development and will include over 4,000 residences and over 1 million square feet of retail space.

Ward Village is Hawaiʻi's only LEED-ND Platinum-Certified project and the largest neighborhood development in the country to receive such a prestigious certification. The Information Center and Residential Sales Gallery is located at the iconic IBM Building. For more information, visit www.wardvillage.com.

About The Howard Hughes Corporation®

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 16 states from New York to Hawai'i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC with major offices in New York, Columbia, MD, Dallas, Houston, Las Vegas and Honolulu. For additional information about HHC, visit www.howardhughes.com.

Safe Harbor Statement

Statements made in this press release that are not historical facts, including statements accompanied by words such as "will," "believe," "expect," "enables," "realize", "plan," "intend," "assume," "transform" and other words of similar expression, are 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 set forth as risk factors in The Howard Hughes Corporation's filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

Read the PDF version of this press release:
http://assets.wardvillage.com/PDFs/2015_07.29_Ward Village to Welcome Longs Drugs.pdf

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This is not intended to be an offer to sell in any jurisdiction where prohibited by law. Ward Village is a proposed master planned development in Honolulu, Hawaii that does not yet exist. Exclusive Project Broker Ward Village Properties, LLC. Copyright 2017. Equal Housing Opportunity. Exclusive Project Broker for Ke Kilohana - Locations LLC. Copyright 2017. Equal Housing Opportunity.

Notice to New York Residents - The developer of Ward Village and its principals are not incorporated in, located in, or resident in the state of New York. No offering is being made in or directed to any person or entity in the state of New York or to New York residents by or on behalf of the developer/offeror or anyone acting with the developer/offeror’s knowledge. No such offering, or purchase or sale of real estate by or to residents of the state of New York, shall take place until all registration and filing requirements under the Martin Act and the Attorney General’s regulations are complied with, a written exemption is obtained pursuant to an application is granted pursuant to and in accordance with Cooperative Policy Statements #1 or #7, or a “No-Action” request is granted.

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