OliverMcMillan’s Symphony Honolulu high-rise condo 90 percent sold

This rendering shows the Symphony Honolulu condominium, which is being developed by San Diego-based OliverMcMillan.

This rendering shows the Symphony Honolulu condominium, which is being developed by San Diego-based OliverMcMillan.

San Diego-based developer OliverMcMillan, which began construction on its Symphony Honolulu luxury condominium project in late 2013, has sold 90 percent of the units in this project, which is expected to be completed in less than a year, the firm’s CEO said this week.

The project, being developed on 3.35 acres at 888 Kapiolani Blvd. across from the Blaisdell Center, includes 388 units in a 45-story tower, with commercial space on lower floors, including an automobile showroom for JN Automotive Group.

Dene Oliver, CEO of OliverMcMillan, the keynote speaker of the International Council of Shopping Centers Hawaii event in Waikiki, said that he plans to own and live in a unit at Symphony Honolulu. He also has lived in a unit at another OliverMcMillian project, Pacifica condominium in Honolulu.

The firm has recently opened a Hawaii regional office in Downtown Honolulu at Bishop Square’s Pauahi Tower.

It also has offices in Atlanta, Houston and a showroom in New York.

Alan Ong, former chief operating officer of Hunt Development Group’s Hawaii Division, has recently joined OliverMcMillan as its regional manager of its Hawaii operations.

When asked by PBN about new projects the firm is working on, Ong declined to specify.

The developer, through its former Hawaii regional manager, previously told PBN that it is eyeing several other projects in Hawaii.

OliverMcMillan has been chosen to develop a nearly 27-acre parcel in Kapolei in West Oahu into a 400-unit mixed-use residential project.

Ong, who was in attendance at the ICSC event, told PBN that it is working on the planning and design of this project.
Duane Shimogawa
Reporter
Pacific Business News

OliverMcMillan puts 10 penthouses on the market at Symphony Honolulu

OliverMcMillan puts 10 penthouses on the market at Symphony Honolulu

Bill Cresenzo Reporter – Pacific Business News

OliverMcMillan Pacific Rim LLC has put 10 penthouses at its 388-unit 45-story Symphony Honoulu condo project on the market with prices that start at $1.56 million.

The company said Wednesday that the largest the penthouses at 888 Kapiolani Boulevard is 2,053 square feet.

All of the penthouses have floor-to-ceiling windows, and some have 10-foot ceilings. They also have white oak flooring, kitchens with Thermador applicances, stone and marble bathrooms and ocean views, the company said.

OliverMcMillian broke ground last year on the project, which should be ready by 2016. It is 75 percent sold, the company said.

OliverMcMillan, in partnership with JN Automotive Group, will offer residents a car service called Velocity Premier Auto Concierge, which will allow them to use cars such as Ferrari, Maserati and Lamborghini.

NEWS RELEASE – SYMPHONY HONOLULU ANNOUNCES STRONG OPENING WEEKEND SALES

SALES REACH 194 AND CLIMBING DURING FIRST TWO DAYS

(Honolulu, Hawaii) — The developer of the newest residential project in Kaka‘ako to launch sales says the public response and sales have been strong. Symphony Honolulu is to be built at the corner of Ward Avenue and Kapiolani Boulevard, with the address 888 Kapiolani Boulevard.

“The response to our project indicates there is a strong demand for homes in the urban core of Honolulu,” said Dan Nishikawa, president of OliverMcMillan Pacific Rim, the developer of Symphony Honolulu.

He says 194 residences were sold during the weekend, with several potential buyers still in the sales center reviewing their choices.

Nishikawa says buyers cited location as a major reason for their purchase.

“People want to live close to their jobs so they can walk more and drive less.

Avoiding traffic congestions and long commutes gives them more quality time to enjoy with their family and friends.”

He also pointed out that buyers saw value in Symphony residences compared to other condominium projects in the area.

“The size of our apartments average 1,100 square feet, with the added benefit of amenities such as a pool and spa, work-out and yoga studios, multi-media theaters, and outdoor grills and cabanas with a kitchen.”

The condominium apartments include 288 market-priced residences and 100 reserved housing units. The market price ranges from the low $500,000s for a one-bedroom, the mid $600,000s for two bedrooms, and from the high $800,000s for three bedrooms.

Reserved units are for buyers who meet income and asset requirements set by the Hawaii Community Development Authority (HCDA) and will be available for sale at a later date.

Symphony is a mixed-use condominium tower with commercial areas and parking on the lower floors. The ground floor is being designed by JN Auto Group to create a world class auto galleria.

Construction is expected to begin at the end of 2013 on a 25-month schedule. The project will create 400 jobs for construction and related industry workers. The auto galleria is expected to add 100 positions.

The exclusive project broker is Heyer & Associates, with the project sales gallery at the Inspiration Design Center, 1250 Kapiolani Boulevard, 3rd floor. The sales gallery will be open daily from 10 am to 5 pm.

Sales begin on Symphony Honolulu condo units

Sales for units in a new 40-story condominium being built across from the Blaisdell Center have begun, according to the project’s developer.

22594437_BG1When completed, the Symphony Honolulu condos will have a total of 388 residential apartments in a 400-foot tower at the corner of Ward Avenue and Kapiolani Boulevard.

“We believe there is strong demand for a range of market-priced and reserved housing in the urban core of Honolulu,” said Dan Nishikawa, president of OliverMcMillan Pacific Rim, the developer of Symphony Honolulu.

The condominium apartments include 288 market-priced residences and 100 reserved housing units. The market price ranges from the low $500,000s for a one-bedroom residence, the mid $600,000s for two bedrooms, and from the high $800,000s for three bedrooms.

Nishikawa says the Symphony Honolulu supports the vision of the Kaka‘ako Development Plan to create an urban community where residents can live close to their jobs, and walk to recreational centers.

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