Ritz-Carlton’s first Waikiki tower to open to first guests in April

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ritz_003California developer Irongate’s The Ritz-Carlton Residences, Waikiki Beach condominium-hotel project’s first tower is scheduled to open for its first guests in late April, its general manager told PBN.

The 324-unit, 37-story first tower, known as the “West” tower, also is expected to have one of its restaurants open in April, with its second eatery — Hawaii’s first Dean & DeLuca — and its spa opening in July.

Douglas Chang, general manager of the Ritz-Carlton Residences, Waikiki Beach, told PBN on Friday that its 246-unit, 37-story second tower, or “East” tower, which began construction in February, is scheduled to be completed in the second quarter of 2018.

Both projects have created more than 600 construction jobs.

Located at 2121 Kuhio Ave., adjacent to the Luxury Row of retailers at 2100 Kalakaua that include Chanel and Gucci, the project will include Dean & DeLuca, Sushi Sho, BLT Market, BLT Bar & Grill and likely an ABC Stores Island Country Markets.

This project is the first Ritz-Carlton Residences-branded property on Oahu. There are Ritz-Carlton-branded properties on both Maui and the Big Island.

Lance Wilhelm, managing principal of Irongate’s Hawaii operation, previously told PBN that he is looking forward to finding more redevelopment projects not only in Waikiki but elsewhere in Hawaii.

Duane Shimogawa
Reporter
Pacific Business News

California developer’s second Waikiki condo-hotel tower under review by Honolulu officials

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California developer’s second Waikiki condo-hotel tower under review by Honolulu officials

Duane Shimogawa Reporter – Pacific Business News

A California developer’s plan to build a second condominium-hotel tower in Waikiki that would be next door to its Ritz-Carlton Residences, Waikiki Beach, project currently under construction on Kuhio Avenue, is currently being reviewed by the City and County of Honolulu with a public hearing scheduled for June 6.

Pacrep LLC is aiming to get a Special District Permit for the construction of its 39-story, 350-foot condo-hotel, which consists of up to 280 units, including support facilities, resident services, recreational amenities, streetscape improvements and commercial uses.

The proposed building at 2139 Kuhio Ave. will share an eight-story podium with the developer’s other condo-hotel at 2121 Kuhio Ave., which will contain shared resident services, recreational amenities, vehicle access and off-street parking.

The public hearing on June 6 is scheduled to start at 10:30 a.m. in the Mission Memorial Auditorium at 550 S. King St. in Honolulu.

In February, Pacrep cleared a key environmental hurdle with the city determining that no environmental impact statement will be needed for the development.

Luxury_Oahu_Estates_$2M -_$3M

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Luxury_Oahu_Estates_$8M – 10M

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Ritz-Carlton Waikiki project 85 percent sold

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Stephanie Silverstein  |  Reporter- Pacific Business News

More than 85 percent of the 309 luxury condominium units at The Ritz-Carlton Residences, Waikiki Beach are sold, following a private, invitation-only weekend sale event, developer Pacrep LLC announced Tuesday.

More than 85 percent of the 309 luxury condominium units at The Ritz-Carlton Residences, Waikiki Beach, seen here in this rendering, are sold, following a private, invitation-only weekend sale event.

More than 85 percent of the 309 luxury condominium units at The Ritz-Carlton Residences, Waikiki Beach, seen here in this rendering, are sold, following a private, invitation-only weekend sale event.

The Ritz-Carlton Residences, Waikiki Beach is a 38-story hotel condominium project at 2121 Kuhio Ave., under development by Pacrep LLC with an expected completion date in early 2016.

The sale event was held simultaneously on Saturday in Waikiki, Tokyo and Shanghai, and broadcast through a live webcast, making it possible for potential buyers across the world to participate. More than 8,500 people participated in the webcast.

“We are very pleased with the positive response we have received in such a short time period,” Jason Grosfeld, Pacrep LLC representative said in a statement. “The success of this weekend’s event further reinforces that, for our buyers, Ritz-Carlton is by far their top choice.”

The units range from studios to three bedrooms and penthouses. Amenities include resort pools, a spa and a fitness center.

The remaining units available for purchase through the Pacrep’s sales team range in price from $750,000 to $15 million.

The sales event kicked off with an announcement that sushi restaurant Sushi Sho will open its first location outside of Japan at The Ritz-Carlton Residences project, and that ESquared Hospitality will open BLT Market, a farm-to-table restaurant on the lobby level of the building.

New York-based gourmet market Dean & DeLuca also plans to open its first store in Hawaii in The Ritz-Carlton Residences.

“The addition of The Residences along with our exciting food and beverage partners will further secure Waikiki’s position as a world-class destination and establish this as the premier neighborhood within Waikiki,” Grosfeld said.