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Units in Ritz-Carlton Waikiki project priced from ‘$500,000s to over $15M’

March 21, 2013 By idx guys Leave a Comment

Units in Ritz-Carlton Waikiki project priced from ‘$500,000s to over $15M’

Janis L. Magin, Managing Editor of Digital Content- Pacific Business News  |  Mar 20, 2013, 4:45pm HST

This updated rendering shows some of the design revisions developer Pacrep LLC has made to the 2121 Kuhio condominium hotel project, which is being marketed as The Ritz-Carlton Residences, Waikiki Beach. Courtesy Pacrep LLC

This updated rendering shows some of the design revisions developer Pacrep LLC has made to the 2121 Kuhio condominium hotel project, which is being marketed as The Ritz-Carlton Residences, Waikiki Beach.
Courtesy Pacrep LLC

Some units in a proposed 37-story Waikiki condominium hotel tower that will be branded under The Ritz-Carlton Residences flag will go on the market this spring for more than $15 million, one of the highest asking prices ever for a new condominium unit in Hawaii.

The website for The Ritz-Carlton Residences, Waikiki Beach, says prices for the units, which range from a 401-square-foot studio on one of the lower floors to a 1,790-square-foot three-bedroom, three-bath unit on one of the top floors to a top-floor penthouse, start “from the $500,000s to over $15 million.”

In comparison, the penthouse units at the ultra-luxury One Ala Moana condo being developed atop the parking garage next to the Nordstrom department store behind Ala Moana Center by a partnership that includes the Howard Hughes Corp. (NYSE: HHC) are being marketed for around $9 million.

That building has drawn interest from some Mainland billionaires, including Mark Zuckerberg, founder and CEO of Facebook Inc. (Nasdaq: FB).

The sales office for the Ritz-Carlton project will open in mid-April in the Luxury Row retail complex on Kalakaua Avenue adjacent to the project’s site, which is also home to luxury retailers Tiffany & Co., Chanel, Gucci, Yves Saint Laurent, Coach, Tod’s, Bottega Veneta and Hugo Boss.

California-based Pacrep LLC, which is developing the Ritz-Carlton project that’s also known as 2121 Kuhio, expects to start construction on the building later this year, with a completion targeted for late 2015 or early 2016, Jason Grosfeld, principal of Pacrep LLC, told PBN.

Pacrep recently secured approval for a Waikiki Special District permit, although the Honolulu Department of Planning and Permitting attached conditions to the approval, including design revisions.

The developer’s current design already incorporates many of the revisions requested by the city, including an articulation to the building’s facade, Grosfeld said. Grosfeld is also a principal in Irongate, which developed the Trump International Hotel & Tower Waikiki Beach Walk and the Watermark Waikiki.

“We’ve already been addressing and satisfying some of these comments,” he said.

Grosfeld said Pacrep will apply for building permits once the design is completed.

Grosfeld is confident there will be strong demand for the units.

“We’ve had thousands of people contact us to get more information about the project,” he said. “We have hundreds of people who want to buy right now.”
 

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Filed Under: Featured Blog, Luxury Condos for sale, Luxury real estate, luxury real estate Oahu, New Condos for sale, Oahu condos for sale, Pacific Business News, Waikiki Tagged With: Honolulu luxury condos, luxury condos, luxury properties in Hawaii, Waikiki, Waikiki condos

Howard Hughes Corp. expects to make $66M profit from luxury Hawaii condo ONE Ala Moana

March 5, 2013 By idx guys Leave a Comment

One_Ala_Moana_View-12-Nordstrom-01_press

Howard Hughes Corp. CEO David Weinreb told shareholders Tuesday that the developer expects to make a profit of $66 million from the ultra-luxury ONE Ala Moana condominium tower being built next to Nordstrom at Ala Moana Center, seen in this rendering.

Howard Hughes Corp. expects to make $66M profit from luxury Hawaii condo ONE Ala Moana

Janis L. Magin Managing Editor of Digital Content- Pacific Business News
Mar 5, 2013, 12:57pm HST

The Howard Hughes Corp. expects to make a profit of $66 million from the ONE Ala Moana ultra-luxury condominium tower under construction behind Hawaii’s Ala Moana Center shopping mall, the developer’s CEO told shareholders on Tuesday.

Howard Hughes Corp. (NYSE: HHC) CEO David Weinreb said in a letter to shareholders that the units at the building, which is being developed in a partnership with Hawaii developers the Kobayashi Group and The MacNaughton Group, sold out for an average of $1,170 per square foot.

The cost of the project, including the value of Howard Hughes’ air rights, is about $900 per square foot, which means the developer expects to make a profit of $66 million, Weinreb said.

Mark Zuckerberg, founder, chairman and CEO of Facebook Inc. (Nasdaq: FB), is reportedly one of the buyers of several multimillion-dollar units in the 23-story ONE Ala Moana project, which is being built atop a parking garage adjacent to the Nordstrom department store.

Weinreb also told shareholders that he expects condo units in Howard Hughes’ Ward Village master plan will command premium prices, based on resale values of another ocean-view condo in Honolulu’s Kakaako neighborhood.

The company expects Ward Village to “capture premiums” in the same way buyers have paid premium prices to live in the company’s Summerlin development near Las Vegas or The Woodlands near Houston.

Weinreb noted that the Ward properties it had acquired from General Growth Properties (NYSE: GGP) generate about $23 million a year in net operating income. Howard Hughes has plans to build about 500 market-rate units and at least 125 work-force units as part of the Ward Village master plan.

“While we have not yet determined pricing for our first phase towers, market data suggest that comparable existing ‘front row’ product with unobstructed ocean views resold in 2012 at an average price of approximately $1,400 per square foot,” Weinreb wrote. “Hokua, which is the condominium tower adjacent to Ward, resells at the highest average price per foot of any condominium tower in Honolulu, approximately $1,400 per square foot.”

Hokua was also developed by a partnership of the Kobayashi Group and The MacNaughton Group, along with A&B properties, the real estate arm of Alexander & Baldwin Inc. (NYSE: ALEX).

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Filed Under: Ala Moana - Kakaako, Condos for sale Oahu, Luxury Condos for sale, Luxury real estate, luxury real estate Oahu, Pacific Business News Tagged With: Honolulu luxury condos, Honolulu luxury properties, Kakaako, luxury condos, luxury properties in Hawaii

Luxury High-Rise Living at Capitol Place – 1200 Queen Emma St., Honolulu, HI 96813

August 20, 2012 By idx guys Leave a Comment

About Capitol Place – 1200 Queen Emma Street, Honolulu, HI  96813

Honolulu has long been the urban core of Oahu, drawing people from around the island with its high energy and close proximity to everything. Capitol Place, a distinctive residential building on the edge of the Capitol District provides unique luxury high-rise homes with a lifestyle to match that offers convenience, first-class services and amenities, in a vibrant neighborhood.

It’s convenient city living at the top of Bishop and Alakea Streets with incredible mountain, ocean and town views. Residences are a blend of upscale, contemporary one-, two- and three-bedroom condominium homes with incomparable hospitality services and amenities like that of a luxury hotel or private club.

Wireless connectivity is conveniently made available throughout each residence and all common areas. State-of-the-art Viking appliances adorn the sleek kitchen layout, complemented by beautiful granite countertops.

Here at Capitol Place, you will connect to a new way of life. A new way of doing things. We invite you to be a part of our community. Come by today and experience how the wide range of amenities and services provide residents with a home they love to live in.

Currently Available Capitol Place Units at 1200 Queen Emma, Honolulu, HI  96813

Amenities

It’s nice when you live in a place that has everything. Capitol Place is that place. It has all the state-of-the-art amenities that you want, from entertainment to exercise equipment.

Workout, party, walk the dog, barbeque, listen to music in the soundproof music room, or relax with a movie in the media room without ever having to leave the building. It’s all right here. How’s that for convenient?

  • Swimming pool
  • Jacuzzi
  • Recreation room with kitchenette
  • Yoga/Pilates studio
  • Theater/media room
  • Children’s play area
  • Private outdoor barbeque areas
  • Dog park
  • Fitness center
  • Music room
  • Wired for home network

Luxury Services

At Capitol Place, you will experience a service culture, where residents will enjoy the same dedication to comfort and excellent attention to detail found in many Hawaii hotels.

Residential Specialists will greet you with warm aloha and the following menu of personalized services:

  • 24-Hour Front Desk Residential Specialist
  • Bell Service
  • Car Service (Battery charge cables, flat tire assistance)
  • Club Room
  • Ice chest set up
  • Tea cart delivery
  • Massage Room
  • Set up
  • Movie Theater
  • Room set up
  • DVD/Movie set up
  • Ice chest set up
  • Tea cart delivery
  • Personal Residential Delivery for:
  • Daily newspapers
  • Parcel/small packages/floral arrangements
  • Dry Cleaning – drop off and delivery
  • Taxi and Limo Service Arrangements
  • Terrace Cabana Use Preparation
  • Ice chest set up
  • Gas grill prep and clean up
  • Tea cart delivery to residence
  • Trash and recycling
  • Will Call Service

Currently Available Capitol Place Units at 1200 Queen Emma, Honolulu, HI  96813

Capitol Place Residential Specialists will also be available to provide residents with information regarding the following “fee for service” providers:

  •     Caterers
  •     Cultural Centers – Downtown
  •     Entertainers
  •     Event “Butler” Services
  •     Florists and Lei Shops
  •     Galleries – Downtown
  •     Housekeeping Services
  •     In-Home Dining
  •     Interior Design Services
  •     Moving Companies
  •     Notary Public and Business Services
  •     Personal Shopping Services
  •     Personal Trainers
  •     Pet Care
  •     Restaurants – Downtown
  •     Shoe Repair
  •     Spa and Massage Therapists
  •     Vehicle Detailing and Maintenance

Request more information or a private showing

[contact-form subject=”More information about Capitol Place” to=”[email protected]”] [contact-field label=”Name” type=”name” required=”true” /] [contact-field label=”Email” type=”email” required=”true” /] [contact-field label=”Website” type=”url” /] [contact-field label=”Comment” type=”textarea” required=”true” /] [/contact-form]

 

This advertisement is not an offering. No offering can be made except pursuant to an effective Preliminary or Final Public Report filed with the State of Hawaii Real Estate Commission. Every detail described, or illustrated or shown is subject to change at any time without notice at the sole discretion of the Developer, including, without limitation, the sales prices, apartment numbers, unit types, components, finishes, dimensions, sizes, designs, floor plans and building heights. All square footages approximate — net living area may vary as to unit location in the building. Units vary. Please refer to the Condominium Public Report for project and unit specifications for a particular apartment.

Filed Under: Downtown Honolulu Condos, Luxury Condos for sale, Oahu condos for sale Tagged With: luxury condos

The Watermark, 1551 Ala Wai Blvd 3102, 2 Beds, 2 Baths, 1,023sq.ft. | $1,249,500

June 6, 2011 By idx guys Leave a Comment

 

Luxury resort living is yours at the Watermark, Honolulu's newest upscale condominium. Magnificent ocean views! Fabulous amenities including concierge service, heated infinity pool, Jacuzzi, fitness pavilion and poolside library on 4 acres of gardens. Stroll the Ala Wai promenade to Waikiki and Ala Moana Shopping Center. Choice unit. Pet Friendly!

For more information –http://www.hawaiiamericana.idxco.com/idx/6351/details.php?idxID=105&listi…

With the Hawaiian Americana Buyers First 30% Rebate – buying this property through Hawaiian Americana Realty, Inc you could save up to $11,245.00 to use towards closing costs, repairs or even cash back if your lender approves – for more details call 808-791-2923 or e-mail [email protected]

 

Filed Under: Oahu Tagged With: condos for sale, Honolulu, luxury condos, Waikiki

Allure Waikiki – New Pricing

June 3, 2011 By idx guys Leave a Comment

Great things are happening at The Allure Waikiki!

 
Our new price release generated ten sales in the first week! Consequently, the developer has released fifteen more units. I have attached the new pricing for your review.
 
Please call me to schedule a showing or for additional information. 

 

Download Allure Sales Pricing 5.30.11[1]

Allure_waikiki_exterior_lo A striking addition to the island skyline, the 35-story Allure Waikiki marks the gateway to Waikiki with a prominent Kalakaua Avenue address. With stunning residences, gorgeous common areas indoors and out, and a state-of-the-art fitness center with an overall wellness program for residents, Allure Waikiki isn’t just a plac e to live; it’s a lifestyle.

The Grand Lanai elegantly welcomes guests with modern tropical design, two “Living Walls” lined with native Hawaiian plants, and luxurious lounging areas. Striking open-air design and elevated ceilings create a seamless entry from outdoors to inside.

To secure your 30% commission rebate – contact us now

The residences at Allure Waikiki feature floor-to-ceiling windows showcasing spectacular
views of the urban beach community, from the surrounding ocean and Diamond Head to
the lush mountains. Ranging from 833 square feet to 1,633 square feet, Allure Waikiki offers an array of spacious one, two and three bedroom floor plans, each with a private lanai. Environmentally friendly features at Allure Waikiki include high-efficiency premium appliances, energy efficient low-E windows and more.

Allure_waikiki_lanai_lo The expansive 19,500-square-foot recreation deck frames a resort-style infinity-edge swimming pool and spa with a waterfall. Private barbecue areas and a club room complete with a catering kitchen and comfortable rattan furniture make Allure Waikiki an ideal setting for entertaining.

A lush park is situated just outside the Grand Lanai, where native Hawaiian landscaping and a pond offer a serene setting for residents.

 

Community Features • 30 floors of upscale residential living • Parking in the building • Grand Lanai/Lobby —18’ high ceilings. A sophisticated open-air lobby with modern tropical design and an indoor/outdoor feel • Rich, warm woods complement the contemporary art • 32,000 square feet of lush landscaping, including a 12,000- square-foot park with a pond • 24-hour private entry system • Bike and board storage • Controlled access to garage common areas and elevators • Residential management services provided by a professional general manager • Exclusive resort-style infinity-edge pool and outdoor spa and deck with wi-fi access • 2,200-square foot fitness center with a yoga room and views of the pool and garden • Club room with fully-appointed kitchen that opens to the beautifully landscaped recreation terrace

To secure your 30% commission rebate – contact us now

Allure_waikiki_gardens_lo Allure Waikiki is home to multiple Green Living Wall installations which showcase several
thousand plantings grown locally specifically for Allure Waikiki. A focal point of the Grand Lanai at Allure Waikiki, the Living Walls showcase a variety of tropical and Native Hawaiian plantings and help improve indoor air quality while bringing agriculture into an urban space. Allure will be the first Waikiki  condominium to feature large-scale tropical living walls for residences and visitors to enjoy. 1st Look Exteriors’ award-winning  designers Greg and Terri Lee designed and will install the living walls for Allure Waikiki.

To secure your 30% commission rebate – contact us now


"Don't forget about our special Buyer Rebate Program that we offer – which is 30% of our commission is paid back to you the Buyer, as a rebate – in other words if you purchase a property for $500,000 you would receive $4,500.00 back to use for your closing costs, new carpet or paint, furniture or anything you like even cash if your lender approves"


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HawaiiAmericana.com | HawaiiAmericanaBlog.com | 808Brokers.com

Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923

Filed Under: Oahu condos for sale Tagged With: Honolulu high rise, Honolulu luxury condos, luxury condos, million dollar properties

SPECIAL ONE TIME ONLY PRICE REDUCTION – $9,500,000 LUXURIOUSLY ELEGANT

May 31, 2011 By idx guys Leave a Comment

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The Pinnacle Honolulu
1199 Bishop St PHA Honolulu, HI 96813

Price: $9,500,000

2 Bedrooms, 3/1 Bathrooms 4926 Square FtListing # 1012111


SPECIAL ONE TIME ONLY PRICE REDUCTION! OWNER FINANCING UP TO $5,000,000.00 WITH A SUBSTANTIAL DOWN & PREQUALIFIED CREDIT APPROVAL.

LUXURIOUSLY ELEGANT Furnished two story Penthouse at The Pinnacle, in Honolulu's prestigious Downtown business district. Private foyer, majestic 360 degrees of City, Harbor, Ocean, Mountain views. Architectural attention to detail & artistic design, top of the line media equip, designer furnishings, formal dining wine galley & walk-in safe. 

Luxury Honolulu Condos

To secure your 30% commission rebate – contact us now
Additional Features:
Additional Rooms: Den/Study,Dining Area,Dining Room,Family Room,Open Lanai
Amenities: BBQ,Exercise Room,Heated Pool,Meeting Room,Other,Patio/Deck,Pool,Recreation Area,Recreation Room,Sauna,Storage,Trash Chute,Whirlpool
Building Name: The Pinnacle Honolulu
Building Style: High-Rise 7+ Stories
Floor Covering: Hardwood,Marble/Granite,W/W Carpet
Frontage: Other
Interior Living Area: 3964
Land Area: 13637
Maintenance Fee Includes: Cable TV,Hot Water,Internet Service,Sewer,Water
Monthly Maintenance Fee: 3083
Parking Spaces: 4
Parking: Assigned,Covered3+,Garage,Guest,SecuredEnt
Prop Condition: Excellent
Security: Key,Keyed Elevator,Video
Property Type: Condo
Unit Features: ADA Accessible,ADA Compliant,Central AC,Full Bath on 1st Floor,Multi Level,Penthouse,Split Level,Storage
View: City,Coastline,Diamond Head,Mountain,Ocean,Sunrise,Sunset
Year Built: 2008
Land Tenure: Fee Simple
To secure your 30% commission rebate – contact us now
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© 2011 HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on Friday, January 21st, 2011. Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation. Listing courtesy of Coldwell Banker Pacific Prop..
Data services provided by IDX Broker
To secure your 30% commission rebate – contact us now
"Don't forget about our special Buyer Rebate Program that we offer – which is 30% of our commission is paid back to you the Buyer, as a rebate – in other words if you purchase a property for $500,000 you would receive $4,500.00 back to use for your closing costs, new carpet or paint, furniture or anything you like even cash if your lender approves"

 

Search REO and Bank Owned CONDOS  |  Search REO and Bank Owned Homes

Search 3.5% DOWN PAYMENT HOMES

Map Search Search Real Estate by Map

HawaiiAmericana.com | HawaiiAmericanaBlog.com | 808Brokers.com

Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923

 

Filed Under: Oahu condos for sale Tagged With: Honolulu high rise, luxury condos, The Pinnacle Honolulu, top floor penthouse

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© 2014 - Hawaii Americana Realty. All Rights Reserved. Hawaii Americana Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Subject to change without notice. While the information on this site is deemed to be accurate, Hawaii Americana Realty. does not guarantee its accuracy, and provides this information without warranties of any kind, either expressed or implied. Hawaiian Americana Realty, Inc. 134 Kapahulu Ave., CUB, Honolulu, HI 96815 * by appointment only * RB20383 / RB20384