Forest City Hawaii
Jon Wallenstrom is the President of Forest City Hawaii. Jon is leading Forest City’s partnership with the State of Hawaii to develop over 2300 homes on the Big Island of Hawaii in a LEED standard, mixed-use, mixed-income project. The project will bring approximately $750M in new development to the State. Forest City Hawaii’s efforts in Hawaii include involvement in a Community Center in Kona on a 26 acre parcel of land owned by the Department of Hawaiian Home Lands and other large master-planned developments. In addition to more traditional development efforts in Hawaii, Forest City is deeply involved in energy development and is developing multiple photovoltaic farms. The first photovoltaic facility will be complete in 2011 and is an adaptive reuse of a brownfield site which will bring one megawatt of clean renewable energy to the people of Hawaii.
Jon is a board member overseeing the State of Hawaii’s venture capital fund, the Hawaii Strategic Development Corporation, which is investing State resources in Hawaii-based or focused technology-focused venture funds. Jon is currently a member of the Honolulu ULI District Council and has been a member of the ULI’s Washington DC District Council where he was deeply involved in Urban Plan, a program to teach high school students about the process and choices involved in changing the built environment. Jon also worked with the DC Public Schools to weigh proposals for privatizing underutilized school facilities. Jon is a member of the Hawaii Business Roundtable, he has served as a member of the Johns Hopkins University Real Estate Institute, he has served on the Board of Directors of the Landowners Economic Alliance for the Dulles Extension of Rail (LEADER), and as a member of both the Northern Virginia and Suburban Maryland Building Industry Association Multifamily Council.
Jon holds a AB from Princeton University and spends his non-work hours dividing driving duties with his wife taxiing kids from violin lessons, soccer games, and other events.