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David R. Weinreb, co-founder and former CEO of Howard Hughes Corp., is offering a condominium on a Honolulu project the company developed for $ 25 million. If that amount is reached, it will become the most expensive condo sale on Oahu, according to listing agent Tracy Allen of Coldwell Banker Realty. The current record holder is a $ 23.5 million sale, Ms. Allen said.
The unit is located in Waiea, a condominium tower in the 60 acre master-planned Ward Village community. Mr Weinreb, then CEO of the Houston-based real estate development company, said he signed two units with Waiea in 2014, the year presale began. Since then, he has combined them into a roughly 7,000-square-meter four-bedroom residence and commissioned designer Tony Ingrao to do the interior design. The house extends over five floors in a single building that is connected to the main tower by a bridge.
Mr Weinreb, 57, declined to say how much he paid to purchase the device.
Mr. Weinreb lives primarily in Texas. He said he plans to stay home while visiting Honolulu, but after stepping down as CEO in 2019, he stopped traveling to the area as often as he used to.
A glass elevator in the middle of a spiral staircase.
Photo:
Island Luxury Photography / Coldwell Banker Realty
The house is across from Ala Moana Beach Park and overlooks the Diamond Head volcanic cone. A spiral staircase meanders around the five floors and hugs a glass elevator that goes up and down in the middle. The unit also has its own two-car garage, two indoor kitchens, an outdoor kitchen area on the fifth floor, a two-story entertainment area, and a spa room. Floor-to-ceiling glass walls on the first floor lead to an outdoor area with a 41-foot lap pool, spa, and another kitchen.
On the fourth floor, where an entrance to the house connects to the bridge, is a curved bar hand carved from a tree by local artist Ben Wilkinson.
“If you walk through the door of the house, this bar will just capture you,” Weinreb said.
An additional entrance is decorated with a green wall and a cascading water feature.
The housing market on Oahu is “very active right now,” said Ms. Allen. A September market report by the Honolulu Board of Realtors reported 615 condominium resales on Oahu, up 34.9% year over year.
Howard Hughes Corp. was founded in 2010 and develops, owns, and manages real estate projects across the country, including Summerlin’s proposed Nevada community.
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Appeared in the print edition of October 22, 2021 as “Former Howard Hughes CEO Lists”.
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