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

Core Insights - Howard Hughes Communities reported unprecedented sales velocity and record-breaking prices at 'Ilima Ward Village and Melia Ward Village, totaling $1.2 billion at launch, with over $280 million in penthouse sales and a single residence exceeding $40 million [2][3] - The sales figures indicate a strong demand for luxury condominiums in the Howard Hughes portfolio, with 'Ilima and Melia being 41% and 52% pre-sold, respectively, as of September 1, 2025 [2][3] - The development of 'Ilima and Melia is part of the award-winning 60-acre Ward Village community, which is recognized for its exceptional quality and premium land values [3][4] Company Overview - Howard Hughes Communities is the real estate platform of Howard Hughes Holdings Inc., focusing on large-scale master planned communities and mixed-use developments [10] - The company has a strong portfolio that includes notable communities such as The Woodlands, Summerlin, and Ward Village, strategically positioned to meet market demand [10] - Ward Village is a LEED-ND Platinum-certified community, emphasizing sustainable development and integrating public benefits and amenities for urban Honolulu [9][10] Development Details - 'Ilima Ward Village features 148 residences in a 33-story tower, while Melia Ward Village comprises 221 residences in a 35-story tower, both designed by Robert A.M. Stern Architects [6][7] - The two towers will be connected by a botanical garden pathway, enhancing the community's appeal and accessibility [6] - The development plan includes the potential for 2.5 to 3.5 million gross square feet of future redevelopment, aligning with new guidelines for transit-oriented development [8]