Ward Village Selected to Revitalize Kewalo Harbor Lands

HONOLULU (December 2, 2015) – Ward Village® was selected today by the Hawai’i Community Development Authority (HCDA) to revitalize two lots surrounding Kewalo Harbor. Over the past year, The Howard Hughes Corporation® has worked closely with the HCDA and the local community to develop a master plan that incorporates the community’s vision for a more holistic, interconnected waterfront amenity.

“We are honored to have the opportunity to improve the surrounding areas of Kewalo Harbor under one united vision, ensuring that this entire area becomes a true community gathering place,” said Todd Apo, Vice President of Community Development for Ward Village. “This partnership will allow us to bring much-needed repairs and upgrades to the Kewalo facilities while also creating a stronger connection between Kewalo Harbor, Ala Moana Beach Park and the nearby areas. We would like to thank the HCDA Board and Staff, and the many community members who took part in the process to help ensure Kewalo Basin remains a destination for everyone.”

Kewalo Harbor is home to over 70 small businesses, ranging from recreational ocean activities to commercial fishing boats. Improvements for the three parcels of land surrounding the harbor will support and drive business to the tenants, including the addition of a sundry store, increased access to and from Ala Moana Beach Park, park benches, upgraded bathrooms, additional parking, and more. The improvements will have a minimal impact on the harbor’s existing operations and will begin following final design and permitting approvals.

“Ward Village’s plans for Kewalo will bring to life the two areas around the harbor that for decades have been inactive and unattractive to the boaters and visitors to this area,” said John Eveleth, Kewalo Harbormaster. “From the multiple community meetings to the comprehensive master plan, it’s clear that Ward Village is dedicated to improving the Kewalo area and ensuring that it best serves the boaters, park users and general public.”

Ward Village will continue to work with the HCDA and community stakeholders to receive input and feedback on its plans for Kewalo Harbor. In addition to upgrades that have already been made to harbor security, landscaping and marketing, Ward Village will soon begin dock renovations with a local contractor to boat slips and harbor facilities.

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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 wvtest.wpengine.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.

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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.

PRESS CONTACTS

Caryn Kboudi, The Howard Hughes Corporation, [email protected], (214) 741-7744