{"id":1004088940,"date":"2013-12-20T22:59:48","date_gmt":"2013-12-21T06:59:48","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=228093"},"modified":"2020-04-27T23:17:26","modified_gmt":"2020-04-28T07:17:26","slug":"developers-plan-second-luxury-condo-complex-at-ala-moana-center-in-honolulu","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/developers-plan-second-luxury-condo-complex-at-ala-moana-center-in-honolulu\/","title":{"rendered":"Developers Plan Second Luxury Condo Complex at Ala Moana Center in Honolulu"},"content":{"rendered":"<p><!--[if gte mso 9]><xml><br \/>\n<o:OfficeDocumentSettings><br \/>\n<o:RelyOnVML\/><br \/>\n<o:AllowPNG\/><br \/>\n<\/o:OfficeDocumentSettings><br \/>\n<\/xml><![endif]--><\/p>\n<p><!--[if gte mso 9]><xml><br \/>\n<w:WordDocument><br \/>\n<w:View>Normal<\/w:View><br \/>\n<w:Zoom>0<\/w:Zoom><br \/>\n<w:TrackMoves\/><br \/>\n<w:TrackFormatting\/><br \/>\n<w:HyphenationZone>21<\/w:HyphenationZone><br 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5.4pt;\n\tmso-para-margin-top:0cm;\n\tmso-para-margin-right:0cm;\n\tmso-para-margin-bottom:10.0pt;\n\tmso-para-margin-left:0cm;\n\tline-height:115%;\n\tmso-pagination:widow-orphan;\n\tfont-size:11.0pt;\n\tfont-family:\"Calibri\",\"sans-serif\";\n\tmso-ascii-font-family:Calibri;\n\tmso-ascii-theme-font:minor-latin;\n\tmso-hansi-font-family:Calibri;\n\tmso-hansi-theme-font:minor-latin;\n\tmso-fareast-language:EN-US;}\n<\/style>\n\n\n\n\n<p><![endif]--><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/One-Ala-Moana-in-Honolulu.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-228094\" title=\"One Ala Moana in Honolulu\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/One-Ala-Moana-in-Honolulu.jpg\" alt=\"\" width=\"300\" height=\"204\" \/><\/a>By Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">An ultra-luxury condominium complex is slated to rise on the makai (ocean side) parking lot of Ala Moana Center in downtown Honolulu. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">According to the <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2013\/12\/16\/ala-moana-center-luxury-condo-project.html\" target=\"_blank\" rel=\"nofollow\">Pacific Business News<\/a><\/em>, local investment firm BlackSand Capital and the mall&#8217;s owner, General Growth Properties, have partnered with The MacNaughton Group and Kobayashi Group to develop the 200-unit project, which has an estimated cost of $500 million. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The new residential community will feature seven mid-rise residential buildings stretching from Piikoi Street to the Neiman Marcus department store along Ala Moana Boulevard. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The size of the residences, which will offer amazing ocean views, private pools and gardens, will range from 850 square feet for a one-bedroom unit to 6,000 square feet for a five-bedroom penthouse. Plans also call for 2.5 floors of commercial parking for each of the buildings. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">&#8220;This distinct concept will make a significant statement in the landscape of Hawaii&#8217;s residential development business,&#8221; Ian MacNaughton, a principal with the development team, told <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/california.construction.com\/yb\/ca\/article.aspx?story_id=193304740\" target=\"_blank\" rel=\"nofollow\">The Honolulu Star-Advertiser<\/a><\/em>. &#8220;The community will establish a new global standard for luxury residential living without compromising any of Hawaii&#8217;s understated authenticity.&#8221; <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Construction, which is expected to create more than 300 jobs, will begin in mid-2014. Upon completion in 2016, the project will bring the second condo complex at Hawaii&#8217;s largest mall.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">General Growth, the MacNaughton Group, the Kobayashi Group and the Howard Hughes Corp. are currently building a 206-unit ultra-luxury condominium tower called<em style=\"mso-bidi-font-style: normal;\"> <a href=\"https:\/\/www.multihousingnews.com\/cities\/honolulu\/one-ala-moana-luxury-condominium-high-rise-breaks-ground\/1004078095.html\" target=\"_blank\" rel=\"nofollow\">ONE Ala Moana<\/a><\/em> <em style=\"mso-bidi-font-style: normal;\">(pictured)<\/em> on the mauka (mountain) side of Ala Moana Center, atop Nordstrom&#8217;s parking garage. Slated for completion toward the end of 2014, all residences have been sold, with prices ranging from $500,000 for a one bedroom to about $9 million for a penthouse. <span style=\"mso-spacerun: yes;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\">Photo credits: www.onealamoana.com<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An ultra-luxury condominium complex is slated to rise on the makai (ocean side) parking lot of Ala Moana Center in downtown Honolulu.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[1815],"class_list":["post-1004088940","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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