Ward Village Unveils New Shopping and Dining Concept: South Shore Market

Emerging shops and restaurants to join growing retail and living experience at the 60-acre master-planned community.

HONOLULU (Aug. 10, 2016) – Ward Village®, a master-planned community by The Howard Hughes Corporation® (NYSE: HHC), today unveiled the concept for South Shore Market, its latest shopping and dining destination that will welcome a variety of exciting merchants this November.

Located at the Diamond Head end of Ward Village, on the corner of Auahi Street and Queen Lane, South Shore Market personifies Oʻahu's south shore, combining the area's surf spots and outdoor active lifestyle with the energy of Kakaʻako's art and culture, along with the urban community that is revitalizing the region. To further Ward Village's history and dedication to offering a diverse mix of local and national shopping and dining options, The Howard Hughes Corporation designed South Shore Market – a gathering place with 17 merchants, public spaces, and art displays – to focus on local entrepreneurs and businesses whose creativity and service would supplement the entire experience of the 60-acre master planned community.

"The addition of South Shore Market to Ward Village furthers our overall transformation into a neighborhood that offers an amazing experience for every aspect of your lifestyle," said Todd Apo, Vice President of Community Development at Ward Village. "South Shore Market puts an amazing group of creative and unique retailers into a space that goes beyond traditional shopping, by offering a forward-thinking, innovative gathering place for the entire community."

Once open, South Shore Market will transition Queen Lane into Ward Village's first "complete street," a community-friendly design concept put forth by the Hawai'i Community Development Authority's master plan for the district of Kaka'ako. Queen Lane offers safe use and access for all, including speed humps and elevated crosswalk area as residents cross from the neighborhood park to South Shore Market. To enhance the streetscape, the improvements will provide new landscaping, outdoor dining areas, walkable pathways, and bike racks. Complete streets are known to provide a number of community benefits – from improved health and enhanced livability to greater access and mobility.

The 25,125-square-foot South Shore Market continues Ward Village's legacy of supporting and nurturing small local businesses, with tenants including:

"Ward Village has helped my business grow from an Etsy store operating out of my home to a brick-and-mortar shop in one of Hawai'i's biggest shopping centers," said Karen Sawicki, owner of Flotsam & Co., which currently offers contemporary ocean-inspired jewelry at Ward Warehouse and will soon move to South Shore Market. "It's a dream come true to open Flotsam & Co. at South Shore Market, a place where local businesses will feel empowered to thrive and grow here in Hawai'i."

Inspired by retail spaces such as New York's Chelsea Market and California's Anaheim Packing District, South Shore Market will also encourage public use with large communal tables and shared interactive public art displays showcasing local artists and designers.

With just over 3,800 parking stalls throughout Ward Village, free parking is within easy walking distance of all merchants center-wide. Ward Village includes valet and standard parking options, including the new parking structure featuring over 700 stalls at the Ward Village Shops. Free valet is available behind Marukai Market on Fridays, 4:00 p.m.-midnight, Saturdays, 10:30 a.m.-midnight, and Sundays, 10:30 a.m.-9:00 p.m.

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 between downtown and Waikīkī in the Kakaʻako district. Ward Village includes three mixed-use residential towers– Waiea, Anaha and A'eo – 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.

Waiea, which will open in late 2016, will include 175 residences and be home to internationally acclaimed restaurant Nobu Honolulu. Anaha, opening in 2017, will include 318 residences and the first Merrimanʻs restaurant on Oʻahu. Aeʻo will complete construction in 2018; it will include 466 residences and Oahu's flagship Whole Foods Market.

This growing community includes two additional developments: Gateway Towers and Ke Kilohana at 988 Halekauwila Street. 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 launched its sales in 2016 for housing targeted exclusively 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 Hawaiʻi Community Development Authority in 2009, which allows for up to 9.3 million square feet of mixed-use development, 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 and is headquartered in Dallas, TX. 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.

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