Howard Hughes Announces Partnership With Discovery Land Company at Ward Village to Develop New Premier Residential Tower Designed by Robert A.M. Stern Architects

‘Ilima Ward Village to offer an unrivaled living experience at acclaimed O‘ahu community

HONOLULU, March 19, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today a joint venture partnership with Discovery Land Company for the development of a new residential tower, ‘Ilima Ward Village, in the premier location within the acclaimed 60-acre master planned community of Ward Village in the heart of Honolulu. ‘Ilima is designed to deliver an unrivaled island living experience with a refined aesthetic, expansive amenities, and sweeping ocean and Diamond Head views. ‘Ilima, along with its companion tower Melia Ward Village, is being designed by celebrated architecture firm Robert A.M. Stern Architects.

‘Ilima will be the exclusive residential offering on O‘ahu from Discovery Land Company, the global real estate developer and operator of private residential club communities with a world-renowned portfolio of more than 35 domestic and international properties. A 33-story tower comprising 148 residences, ‘Ilima will include Discovery’s signature concierge services and curated amenities providing the distinguished residential experience for which the company is known. ‘Ilima will complement Discovery’s collection of renowned communities in Hawai‘i including Kūkiʻo Golf & Beach Club, Mākena Golf & Beach Club, and North Shore Preserve.

“Discovery Land Company's core philosophy is to enhance the natural character and spirit of each property we develop in order to provide members and residents with a thoughtful, family-oriented lifestyle experience,” said Michael S. Meldman, Founder and Chairman of Discovery Land Company. “‘Ilima Ward Village is a unique opportunity for us to evolve the Discovery experience in a new setting: a residential tower with unparalleled amenities and service in a vibrant, urban island setting.”

Howard Hughes’ partnership with Discovery Land Company began in 2015 when the two companies together developed Summit Club, the highly successful, 600-acre luxury neighborhood within the Howard Hughes community of Summerlin in Las Vegas. In 2023, the tremendous success of Summit Club led to the addition of more custom homesites and 54 additional acres to meet the intense demand for the luxurious community. The development of ‘Ilima Ward Village builds on the success of the partnership between the two companies to bring luxury living to the island of O‘ahu.