Shirokiya owner lists penthouse at ONE Ala Moana luxury condo for $12.5M

A pair of penthouse units at the newly completed 23-story ONE Ala Moana luxury condominium atop the Nordstrom parking garage at Ala Moana Center in Honolulu, — including a combined residence and the grand penthouse owned by Takeshi Sekiguchi, owner of Shirokiya and Vintage Cave Honolulu — are already on the market for a total of $22.3 million.

Sekiguchi, a Japanese businessman who developed the Grand Wailea Resort on Maui and Ko Olina Resort on Oahu, paid about $9.7 million for the grand penthouse, according to public records.

The Nordstrom department store at Ala Moana Center is seen in this photo depicting a rendering of the ONE Ala Moana luxury condominium project, recently completed construction atop the parking garage next to Nordstrom. Two penthouse units are on the market for a combined $22.3 million.

The Nordstrom department store at Ala Moana Center is seen in this photo depicting a rendering of the ONE Ala Moana luxury condominium project, recently completed construction atop the parking garage next to Nordstrom. Two penthouse units are on the market for a combined $22.3 million.

He is now asking $12.5 million for the three-bedroom, three-bathroom 4,069-square-foot unit on the 23rd floor. SRE Matrix, a web-based Honolulu real estate firm that is also owned by Sekiguchi, is the listing firm for the fee-simple unit, which includes 180-degree views of the mountains and the ocean, a lanai and rooftop access.

Amenities include pool, jacuzzi, gym, media room, golf room, party room with kitchen, spa treatment room, barbecue area and kids recreation area. The monthly association fee for the grand penthouse is about $4,370.

The other unit, a combined penthouse unit with five bedrooms, five full- and two half-bathrooms and a second family room that is owned by Lally Family Trust, is on the market for $9.8 million with Heyer and Associates LLC. The combined units were purchased for a total of about $6.5 million, according to public records.

“I think we are seeing some profit taking as there is more inventory of proposed ultra-luxury units coming, especially with the Park Lane [Ala Moana] and Waiea projects [in Honolulu],” Trevor Benn, president and principal broker of Honolulu-based Benn Pacific Group Inc. told PBN in an email. “When an investor can achieve a 50 to 100 percent return so quickly, some will start to look for reinvestment opportunities.”

Facebook founder Mark Zuckerberg, who recently bought hundreds of acres of land on Kauai’s North Shore, has also reportedly purchased several multi-million-dollar units at ONE Ala Moana.

Other well-known buyers in Hawaii who have purchased units at ONE Ala Moana include Steve Sombrero, president of NAI ChaneyBrooks; Henk Rogers, founder of Blue Planet Foundation; Dave Erdman, president of PacRim Marketing Group; Eddie Flores Jr., president of L&L Drive-Inn and L&L Hawaiian Barbecue; Richard Lim, former director of the Hawaii Department of Business, Economic Development and Tourism; Mike Irish, owner of Halm’s Enterprises; Peter Ho, chairman, president and CEO of Bank of Hawaii; Mark Bratton, vice president and investment properties division manager at Colliers International Hawaii; and Sachi Braden, owner of Sachi Hawaii.

Duane Shimogawa Reporter – Pacific Business News

Currently Listed For Sale at ONE Ala Moana

Luxury_Oahu_Estates_$2M -_$3M

Luxury_Oahu_Estates_$3M -_$4M

Luxury_Oahu_Estates_$4M -_$5M

Luxury_Oahu_Estates_$5M -_$6M

Luxury_Oahu_Estates_$6M -_$8M

Luxury_Oahu_Estates_$8M – 10M

Luxury_Oahu_Honolulu_Condos

Company Disclaimer: Information is deemed reliable but not guaranteed.