Howard Hughes Communities Reports $1.2 Billion in Sales at Launch of Newest Luxury Residential Towers at Ward Village® Including Discovery Land Company’s Exclusive Residential Offering on O‘ahu
Howard Hughes Communities (NYSE:HHH) has achieved record-breaking sales of $1.2 billion at the launch of two new luxury residential towers at Ward Village® in Honolulu. The towers, 'Ilima and Melia Ward Village, designed by Robert A.M. Stern Architects, have reported exceptional pre-sale rates of 41% and 52% respectively.
'Ilima, developed in partnership with Discovery Land Company, represents their exclusive residential offering on O'ahu, with penthouse sales exceeding $280 million, including a single residence selling for over $40 million. The 33-story 'Ilima features 148 residences, while the 35-story Melia comprises 221 units, both connected by a native botanical garden pathway.
The development includes the recent opening of Victoria Ward Park Makai and new HCDA Mauka Area Rules allowing for 2.5 to 3.5 million gross square feet of future redevelopment potential.
Howard Hughes Communities (NYSE:HHH) ha registrato vendite record per $1,2 miliardi con il lancio di due nuove torri residenziali di lusso a Ward Village® di Honolulu. Le torri, 'Ilima e Melia Ward Village, progettate dallo studio Robert A.M. Stern Architects, hanno raggiunto tassi di prevendita eccezionali del 41% e 52% rispettivamente.
'Ilima, realizzata in collaborazione con Discovery Land Company, costituisce la loro esclusiva offerta residenziale a O'ahu: le vendite dei penthouse superano i $280 milioni, inclusa un'unità venduta per oltre $40 milioni. 'Ilima, con i suoi 33 piani, conta 148 residenze, mentre Melia, di 35 piani, comprende 221 unità; entrambe sono collegate da un percorso con piante autoctone.
Il progetto comprende anche l'apertura del Victoria Ward Park Makai e le nuove norme HCDA per l'area Mauka che permettono un potenziale di riqualificazione futura di 2,5–3,5 milioni di piedi quadrati lordi.
Howard Hughes Communities (NYSE:HHH) alcanzó ventas récord por $1.200 millones con el lanzamiento de dos nuevas torres residenciales de lujo en Ward Village® en Honolulu. Las torres, 'Ilima y Melia Ward Village, diseñadas por Robert A.M. Stern Architects, reportaron tasas de preventa excepcionales del 41% y 52% respectivamente.
'Ilima, desarrollada en asociación con Discovery Land Company, representa su oferta residencial exclusiva en O'ahu; las ventas de penthouses superan los $280 millones, incluida una unidad vendida por más de $40 millones. 'Ilima, de 33 pisos, cuenta con 148 residencias, mientras que Melia, de 35 pisos, tiene 221 unidades; ambas están conectadas por un sendero con flora nativa.
El desarrollo incluye la reciente apertura de Victoria Ward Park Makai y las nuevas normas HCDA para el área Mauka que permiten un potencial de reurbanización futura de 2,5 a 3,5 millones de pies cuadrados brutos.
Howard Hughes Communities (NYSE:HHH)는 호놀룰루 Ward Village®에 새로 선보인 2개의 고급 주거 타워 출시로 $12억의 기록적인 매출을 달성했습니다. Robert A.M. Stern Architects가 설계한 'Ilima와 Melia Ward Village는 각각 41%와 52%의 뛰어난 사전분양률을 보였습니다.
'Ilima는 Discovery Land Company와의 공동 개발로 오아후에서의 단독 주거 상품을 의미하며, 펜트하우스 매출이 $2억8천만을 넘어섰고 단일 주택이 $4천만 이상에 판매되기도 했습니다. 33층 'Ilima는 148개 주거 유닛을, 35층 Melia는 221개 유닛을 갖추고 있으며 두 건물은 토종 식물 정원 산책로로 연결됩니다.
이 개발에는 Victoria Ward Park Makai의 최근 개장과 HCDA의 Mauka 지역 규정 새로 도입으로 향후 250만~350만 평방피트(총면적) 규모의 재개발 가능성이 포함됩니다.
Howard Hughes Communities (NYSE:HHH) a réalisé des ventes record de 1,2 milliard $ lors du lancement de deux nouvelles tours résidentielles de luxe à Ward Village® à Honolulu. Les tours, 'Ilima et Melia Ward Village, conçues par Robert A.M. Stern Architects, affichent des taux de prévente remarquables de 41 % et 52 % respectivement.
'Ilima, développée en partenariat avec Discovery Land Company, constitue leur offre résidentielle exclusive sur O'ahu : les ventes de penthouses dépassent 280 millions $, dont une résidence vendue plus de 40 millions $. 'Ilima, de 33 étages, compte 148 logements, tandis que Melia, de 35 étages, comprend 221 unités ; les deux sont reliées par un chemin bordé de végétation locale.
Le projet inclut l'ouverture récente du Victoria Ward Park Makai et les nouvelles règles HCDA pour la zone Mauka, offrant un potentiel de réaménagement futur de 2,5 à 3,5 millions de pieds carrés bruts.
Howard Hughes Communities (NYSE:HHH) erzielte rekordverdächtige Verkäufe von $1,2 Milliarden beim Start von zwei neuen Luxuswohnhochhäusern in Ward Village® in Honolulu. Die Türme, 'Ilima und Melia Ward Village, entworfen von Robert A.M. Stern Architects, verzeichneten außergewöhnliche Vorverkaufsraten von 41 % bzw. 52 %.
'Ilima, in Partnerschaft mit Discovery Land Company entwickelt, ist ihr exklusives Wohnangebot auf Oʻahu: Die Penthouse-Verkäufe übersteigen $280 Millionen, einschließlich einer einzelnen Einheit, die für über $40 Millionen veräußert wurde. Das 33-stöckige 'Ilima bietet 148 Wohneinheiten, das 35-stöckige Melia umfasst 221 Einheiten; beide sind durch einen Weg mit einheimischer Bepflanzung verbunden.
Zum Projekt gehört die kürzliche Eröffnung des Victoria Ward Park Makai sowie neue HCDA-Mauka-Bereichsregeln, die ein zukünftiges Umnutzungspotenzial von 2,5 bis 3,5 Millionen Bruttosquarefeet ermöglichen.
- Record-breaking sales of $1.2 billion at launch for the two towers
- Strong pre-sale performance with Melia at 52% and 'Ilima at 41% sold
- Premium pricing achieved with $280 million in penthouse sales including a $40+ million single residence
- Significant development potential with 2.5-3.5 million sq ft of future redevelopment space approved
- Strategic partnership with Discovery Land Company enhancing luxury offerings
- None.
Insights
Howard Hughes' $1.2B launch sales at Ward Village demonstrates exceptional premium pricing power and strong demand in their master planned communities.
Howard Hughes Communities has achieved
These extraordinary sales metrics validate Howard Hughes' master-planned community model and demonstrate the premium pricing power the company commands in highly desirable locations. The collaboration with Discovery Land Company for 'Ilima—their exclusive residential offering on O'ahu—brings additional prestige and amenity value to the development, enabling the exceptional price points achieved.
The company is showing similar success across its national portfolio, with The Ritz-Carlton Residences in The Woodlands, Texas reaching
The amended HCDA Mauka Area Rules provide Howard Hughes with a substantial development runway of 2.5-3.5 million additional gross square feet for future redevelopment. This regulatory approval significantly enhances the long-term value potential of the Ward Village community and provides visibility into the company's future growth pipeline in this market.
The addition of public green spaces like Victoria Ward Park Makai demonstrates Howard Hughes' commitment to creating holistic communities that maintain their value and desirability over time, supporting sustainable premium pricing for future phases and protecting the value of the existing portfolio.
Unprecedented demand continues at Honolulu’s premier community as ‘Ilima Ward Village and Melia Ward Village set new record for condominium sales in Hawai‘i
HONOLULU, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Communities, the real estate platform of Howard Hughes Holdings Inc. (NYSE: HHH), today announced unprecedented sales velocity and record-breaking prices at ‘Ilima Ward Village and Melia Ward Village, two new luxury residential towers at Ward Village®, the company’s acclaimed 60-acre community in the heart of Honolulu. The two towers, designed by renowned architecture firm Robert A.M. Stern Architects, reported record-breaking sales of
“The record sales at ‘Ilima and Melia—both in volume and pricing—are the highest ever seen in Hawai‘i, solidifying Ward Village as the gold standard for luxury living on O‘ahu,” said David R. O’Reilly, Chief Executive Officer of Howard Hughes. “Together with Discovery Land Company, RAMSA, and Champalimaud Design, we have created an unparalleled residential experience on the most sought-after site on the South Shore that demonstrates once again how exceptional quality drives premium land values and market demand across our Howard Hughes communities.”
‘Ilima Ward Village is Discovery Land Company’s exclusive residential offering on O‘ahu and will deliver the signature concierge services and distinguished residential lifestyle for which the global real estate developer and operator of private residential club communities is known. ‘Ilima will complement the company’s collection of renowned communities while offering the Discovery experience in a new setting: a residential tower in a vibrant, urban island location.
“For more than thirty years, Discovery Land Company has pioneered unique and intimate communities, and there is no better setting in which to showcase that model than Ward Village,” said Michael S. Meldman, Founder and Chairman of Discovery Land Company. “‘Ilima is the result of our incredible partnership with Howard Hughes. It is thoughtfully designed for the entire family and embodies the multi-generational enjoyment that is a hallmark of the Discovery experience.”
At 33 stories with 148 residences, ‘Ilima Ward Village features a distinctively angular façade that offers multiple premium corner residences, capitalizing on the tower’s prime location and panoramic vistas. Melia Ward Village, ‘Ilima’s 35-story companion tower, comprises 221 residences with access to a full suite of amenities. Located together on the last available site on the South Shore, the two towers will be connected by a native botanical garden pathway, designed by world-renowned landscape design studio VITA Planning & Landscape Architecture, that stretches from the iconic IBM Building to the expansive Ka Lei Park.
“With our design for ‘Ilima and Melia, we dug in to capture something that says this could only be in Hawai‘i—and only in Honolulu, at Ward Village,” said Robert A.M. Stern, FAIA, founding partner of Robert A.M. Stern Architects. “We looked to embrace the distinctive character and resort quality of this exceptional location through modern design—picking up on long-established and long-evolving threads and bringing in innovative technology and design to create architecture that feels both timeless and extremely modern.”
Ward Village continues a legacy of distinction that attracts residents who seek an outstanding quality of life in one of the world’s most sought-after locations. The sales momentum at Ward Village reflects the ongoing demand for luxury condominiums across the national portfolio of Howard Hughes Communities. The company is also collaborating with Robert A.M. Stern Architects in The Woodlands®, Texas, on The Ritz-Carlton Residences, The Woodlands, a 111-unit luxury development that is Ritz-Carlton’s first stand-alone condo project in Texas, and which sold out 60 percent of its inventory within its initial five days of sales and is currently 70 percent pre-sold.
In addition to record sales, Ward Village has recently made many meaningful contributions to the area, including the opening of Victoria Ward Park Makai, the initial phase of a new 3.5-acre park. The development plan for enhanced public green space throughout the community coincides with recently amended HCDA Mauka Area Rules that establish new guidelines representing the potential for an estimated 2.5 to 3.5 million gross square feet of future redevelopment, adding to the community of Ward Village and creating synergies with broader Kaka‘ako. The updated rules emphasize transit-oriented development incentive zones, supporting a balanced mix of homes, public spaces, restaurants, and retail experiences to bring greater public benefit to the neighborhood.
About Ward Village®
Ward Village is a Howard Hughes community in the heart of Honolulu, located between downtown and Waikīkī. Honoring the distinct history of its land, the 60-acre master planned community is at the forefront of sustainable community development—integrating striking architecture, culture and arts, and public open space. At full buildout, Ward Village will include thousands of homes and approximately one million square feet of unique retail in what Architectural Digest named “Best Planned Community in the United States.” As a result of strong demand for new housing in urban Honolulu, Ward Village quickly sold out its first seven mixed-use residential towers—Waiea®, Anaha®, Ae‘o, Ke Kilohana®, ʻAʻaliʻi®, Kō‘ula®, and Victoria Place®—transforming the popular shopping and dining district on O‘ahu into a thriving mixed-use neighborhood that offers ocean views and open space, including its newest outdoor gathering place, Victoria Ward Park. New residential buildings in development or under construction include Ulana Ward Village®, The Park Ward Village®, Kalae, The Launiu Ward Village, ‘Ilima Ward Village, and Melia Ward Village. Ward Village, a LEED-ND Platinum-certified master planned community, demonstrates its commitment to responsible, mixed-use development by investing in public benefits and amenities for Honolulu’s urban community. For more information, visit WardVillage.com.
About Howard Hughes Communities
Howard Hughes Communities, the real estate platform of Howard Hughes Holdings Inc. (NYSE: HHH), develops, owns, and operates the nation’s premier large-scale master planned communities and mixed-use developments. The company’s award-winning assets include The Woodlands®, Bridgeland®, and The Woodlands Hills® in the Greater Houston region; Summerlin® in Las Vegas; Teravalis™ in the Greater Phoenix region; Ward Village® in Honolulu; and Merriweather District® in Columbia, Maryland. The Howard Hughes Communities portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. For additional information visit communities.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 Howard Hughes Holdings Inc.’s 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. 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.
Media Relations:
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Howard Hughes
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