{"id":1004124715,"date":"2015-08-06T03:08:39","date_gmt":"2015-08-06T11:08:39","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=357140"},"modified":"2021-05-14T18:12:01","modified_gmt":"2021-05-15T02:12:01","slug":"california-developer-builds-condos-in-hawaii","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/california-developer-builds-condos-in-hawaii\/","title":{"rendered":"California Developer Builds Condos in Hawaii"},"content":{"rendered":"<p><em>By Adriana Pop, Associate Editor <\/em><\/p>\n<p>Construction on the \u201cAloha Kai\u201d condominium high-rise in downtown Honolulu is set to begin by early 2016.<\/p>\n<div id=\"attachment_357143\" class=\"wp-caption alignright\" style=\"width: 222px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Aloha-Kai-in-Honolulu.png\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-357143\" title=\"Aloha Kai in Honolulu\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Aloha-Kai-in-Honolulu.png\" alt=\"Aloha Kai in Honolulu\" width=\"212\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Aloha Kai Condominiums in Honolulu<\/p>\n<\/div>\n<p>According to the <em><a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2015\/08\/04\/honolulu-condo-project-on-ymca-site-near-ala-moana.html\" rel=\"nofollow\">Pacific Business News<\/a><\/em>, <a href=\"https:\/\/www.mbpropertyacquisitions.com\/\" rel=\"nofollow\">MB Property Acquisitions LLC<\/a> has partnered with Japanese firm <a href=\"https:\/\/www.tamahome.jp\/english\" rel=\"nofollow\">Tama Home<\/a> to build the 117-unit, 37-story project at the site of the YMCA of Honolulu Central branch on Atkinson Drive. Demolition of the current building is scheduled to begin in about five months.<\/p>\n<p>Michael Blumenthal, president of MB Property Acquisitions, told the newspaper that the new development will also include a new 30,000-square-foot YMCA Central branch with no residential units, a swimming pool and a sophisticated aqua facility that will cater to seniors.<\/p>\n<p>In 2012, the San Francisco-based developer announced its purchase of approximately 1.5 acres of the YMCA\u2019s nearly 1.8-acre lot across from Ala Moana Center for an undisclosed amount. The non-profit will use the proceeds from the sale, which is expected to close in about three months, to fund the construction of its new building on the remaining land.<\/p>\n<p>The upcoming Aloha Kai condo tower will encompass about 150,000-square-feet of net saleable square footage, with about four units per floor. The pricing range of the new units is still being determined, and will probably be around $1,400 per square foot\u2014this translates into approximately $840,000 for a one-bedroom condominium of about 600 square feet.<\/p>\n<p>All units will feature lanais that overlook the ocean, and there will also be a pool on the building\u2019s rooftop. Architects Hawaii Ltd., Swinerton Builders and Locations LLC are also working on the project, which is set for completion in about two years.<\/p>\n<p><em>Rendering via MB Property Acquisitions<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction on the &ldquo;Aloha Kai&rdquo; condominium high-rise in downtown Honolulu is set to begin by early 2016.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[],"class_list":["post-1004124715","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>California Developer Builds Condos in Hawaii - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/california-developer-builds-condos-in-hawaii\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California Developer Builds Condos in Hawaii\" \/>\n<meta property=\"og:description\" content=\"Construction on the &ldquo;Aloha Kai&rdquo; condominium high-rise in downtown Honolulu is set to begin by early 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/california-developer-builds-condos-in-hawaii\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-06T11:08:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T02:12:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Aloha-Kai-in-Honolulu.png\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/california-developer-builds-condos-in-hawaii\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/california-developer-builds-condos-in-hawaii\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"California Developer Builds Condos in Hawaii\",\"datePublished\":\"2015-08-06T11:08:39+00:00\",\"dateModified\":\"2021-05-15T02:12:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/california-developer-builds-condos-in-hawaii\\\/\"},\"wordCount\":279,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/california-developer-builds-condos-in-hawaii\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Aloha-Kai-in-Honolulu.png\",\"articleSection\":[\"Honolulu\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/california-developer-builds-condos-in-hawaii\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/california-developer-builds-condos-in-hawaii\\\/\",\"name\":\"California Developer Builds Condos in Hawaii - 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