In 2015 I wrote a pair of articles about Howard Hughes Corporation’s purchase and development plans for 60 acres in the Kaka’ako section of Honolulu (here, here). The development is sandwiched between downtown Honolulu and world-famous Waikiki and is slated for 16 high-rise condo towers with 4,300 units plus over 1 million square feet of restaurants and retail being rolled out in the next 10-20 years.
Work is continuing to chug along, but there is a global softness in the ultra-luxury real estate market. What to do, what to do? In order to get the last few units sold in their first three projects, Howard Hughes is offering some sweet incentives. Of course if you’re purchasing one of these seven-figure beauties, these incentives are baubles you could easily secure yourself. But still… a sale is a sale.