HHMK Development Implements Textura® Corporation's Submittal Exchange® Solution for ONE Ala Moana Developer Selects Textura Solution for Exclusive Condominium Project.
DES MOINES, Iowa, Aug. 20, 2013 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that HHMK Development, LLC, developer of the exclusive ONE Ala Moana condominium development in Honolulu, Hawaii, has selected Submittal Exchange to manage the project's construction administration process.
"The deciding factor for us to select Submittal Exchange is its ability to bring an extremely large project team together to efficiently manage all project communications. With ONE Ala Moana we have multiple firms working on the design and construction of this project; therefore it is essential to have a project communication solution that can keep all parties up to speed by offering easy access to real-time information," said Kathryn Inouye, Partner and Chief Operating Officer at Kobayashi Group, one of the entities of HHMK Development.
A web-based solution, Textura's Submittal Exchange allows project teams to electronically exchange, review and archive construction submittals, RFIs and other communications. Submittal Exchange eliminates frustrations, delays and unexpected costs often experienced when managing project communications with paper, email, FTP sites or other internal systems. As a neutral third-party software provider, Submittal Exchange builds trust and improves information sharing among design, construction and owner partners versus the internal one sided systems hosted at any one firm's office.
"As the development owner, Submittal Exchange allows us to have a much more active role in this project," said Inouye. "At any time we can access an up-to-date picture of the progress of our project and determine if any action is needed to keep things moving forward."
ONE Ala Moana is a 23-story, 206-unit luxury condominium project located in downtown Honolulu, Hawaii. Units for the condominium tower sold out in just two days at an average price per unit of around $1.6 million. Construction on the new tower began in April 2013 and is expected to be complete by the end of 2014.
"We are excited to deliver our solution to a project of such outstanding design and construction," said Matt Ostanik, President of Submittal Exchange. "ONE Ala Moana is a very large project – currently our system lists 22 organizations with a total of 67 users on this project team; therefore, team collaboration will be a crucial factor in its successful completion. Submittal Exchange will help eliminate delays and increase transparency and efficiency across the entire project team."
About HHMK Development
HHMK Development LLC is an entity comprising landowner and developer The Howard Hughes Corporation and locally respected developers, The MacNaughton Group and Kobayashi Group. The three entities formed HHMK Development for the purpose of developing ONE Ala Moana.
Textura is the leading provider of collaboration and productivity tools for the construction industry. Our solutions serve all construction industry professionals across the project lifecycle – from takeoff, estimating, design and pre-qualification to bid management, submittals, LEED® management and payment.
Textura's collaboration platform and online product suite represent the first time the industry has all the tools needed to manage their business in an integrated fashion to save time and money and reduce exposure to risks. With award winning technology, world-class customer support and consistent growth, Textura is leading the construction industry's technology transformation. www.texturacorp.com
SOURCE Textura Corporation