Kobayashi-MacNaughton’s new Honolulu luxury condo project gets nod from neighborhood board

The planned Vida at 888 Ala Moana luxury condominium tower being developed by the Kobayashi Group and The MacNaughton Group received neighborhood board approval Tuesday night.

The planned Vida at 888 Ala Moana luxury condominium tower being developed by the Kobayashi Group and The MacNaughton Group received neighborhood board approval Tuesday night.

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Hawaii developers the Kobayashi Group and The MacNaughton Group have received approval from the Ala Moana/Kakaako Neighborhood Board to move ahead with its Vida at 888 Ala Moana luxury condominium high-rise on a 3.5-acre site in Honolulu.

The cost of to the develop the project hasn’t been disclosed. PBN first reported on the project, which is part of Kamehameha Schools’ “Our Kakaako” master plan and still needs the approval from the Hawaii Community Development Authority.

Kamehameha Schools’ master plan proposes seven residential towers with 2,750 units and 300,000 square feet of commercial space on 29 acres on nine city blocks.

MK Development, a joint venture of the Kobayashi Group and The MacNaughton Group, purchased six acres from the state’s largest private landowner for an undisclosed price to develop two ultra-luxury mixed-use residential projects totaling about 500 units along the mauka side of Ala Moana Boulevard.

Vida at 888 Ala Moana, which will be built on a site currently occupied by a Cutter Mazda automobile dealership and service center, is one of the projects. Sales prices for the project remain preliminary, but are projected to be about $600 to $2,500 per square foot, which would be comparable to the per-square-foot sales prices per square foot at another Kobayashi-MacNaughton project, ONE Ala Moana.

The 38-story Vida tower will include 265 two- and three-bedroom units and will be designed by Los Angeles-based Arquitectonica and Honolulu-based Ben Woo Architects, which will be helping the project seek LEED certification with an energy-efficient design and features.

Amenities for the project include guest suites, movie theaters, dining rooms with a chef’s kitchen, children’s play areas, game rooms and a putting green.

Heyer & Associates LLC will be handling sales of the project, which is scheduled to begin later this year.

The Kobayashi Group and The MacNaughton Group also developed the Hokua and Capitol Place mixed-use projects in Honolulu, and are also working on a project that includes seven ultra-luxury condominium towers planned for what is now a parking area of Ala Moana Center fronting Ala Moana Boulevard called Park Lane Ala Moana, with a development cost of about $300 million, according to public records.

The project, which was first reported by PBN, is scheduled to start in mid-2014, with a completion date in 2016.

Duane Shimogawa Reporter – Pacific Business News

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The planned Vida at 888 Ala Moana luxury condominium tower being developed by the Kobayashi Group and The MacNaughton Group received neighborhood board approval Tuesday night.

The planned Vida at 888 Ala Moana luxury condominium tower being developed by the Kobayashi Group and The MacNaughton Group received neighborhood board approval Tuesday night.

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Groundbreaking for Howard Hughes Corp.’s Waiea condominium tower in Honolulu slated for Saturday

The Howard Hughes Corp. has reached contractual agreements for about half of the 482 units in its two ultra-luxury high-rises in Honolulu's Kakaako neighborhood— Anaha and Waiea, seen here in this rendering.

The Howard Hughes Corp. has reached contractual agreements for about half of the 482 units in its two ultra-luxury high-rises in Honolulu’s Kakaako neighborhood— Anaha and Waiea, seen here in this rendering.

Groundbreaking for Howard Hughes Corp.’s Waiea condominium tower in Honolulu slated for Saturday

The Howard Hughes Corp. will break ground Saturday on Waiea at Ward Village in Kakaako, the first of two planned luxury condominium towers, where a penthouse is listed for a record $20 million.

The groundbreaking is slated for 10 a.m. at the site. Honolulu Mayor Kirk Carldwell is expected to join Gov. Neil Abercrombie and project officials for the ceremony.

Construction on the condominium tower project at 1118 Ala Moana Blvd. will begin this month.

The Howard Hughes Corp. (NYSE: HHC) says Ward Village will be a mixed-use master-planned development with 4,000 residential units and more than 1 million square feet of retail and commercial space.

Seventy percent of the 171 units in the Waiea tower and 55 percent of the 311 units in the planned Anaha tower diagonally across the street have sold.

Prices at Waiea range from $1 million for a one-bedroom unit to $20 million for a penthouse.

Bill Cresenzo Reporter – Pacific Business News

Ultra-luxe condo project at Ala Moana Center to be called Park Lane Ala Moana

Mar 5, 2014, 2:59pm HST
Duane Shimogawa Reporter – Pacific Business News

Courtesy The MacNaughton Group/Kobayashi Group/BlackSand Capital This rendering shows the -luxury condominium buildings planned for a portion of Ala Moana Center, which will be called Park Lane Ala Moana.

Courtesy The MacNaughton Group/Kobayashi Group/BlackSand Capital
This rendering shows the -luxury condominium buildings planned for a portion of Ala Moana Center, which will be called Park Lane Ala Moana.

The seven ultra-luxury condominium towers planned for what is now a parking area of Ala Moana Center fronting Ala Moana Boulevard now has a name, Park Lane Ala Moana, and a development cost of about $300 million, according to public records.

Located at 1488 Ala Moana Blvd., the developers of the project, The MacNaughton Group, Kobayashi Group, BlackSand Capital, and landowner General Growth Properties (NYSE: GGP) recently pulled a building permit with the City and County of Honolulu that has an estimated value of $300 million.

The permit also says that there will be 215 luxury residences, two floors of residential parking, 2.5 floors of commercial parking and amenity spaces.

The “Park Lane Ala Moana” trade name was filed with the state on Feb. 25 by AMX Partners LLC, which lists Ian MacNaughton as its manager.

MacNaughton is a partner with The MacNaughton Group and a managing partner with BlackSand Capital.

A website for the project with the name www.parklanealamoana.com is under construction.

Units in the eight-story buildings, which will each be 100 feet tall, range in size from 850 square feet units to 6,000 square feet.

No price ranges for the units were given for the project, which will be built adjacent to the Bloomingdale’s department store under construction at the state’s largest shopping mall.

The project, which was first reported by PBN, is scheduled to start in mid-2014, with a completion date in 2016.

Whether it’s the perfect Ala Moana Boulevard location or its incredible value, The Collection is the best choice for a new residential condominium in Kaka’ako today!

The Collection showcases modern design choices, advanced features, well-executed details, and breathtaking ocean and harbor views. Whether it's the perfect Ala Moana Boulevard location or its incredible value, The Collection is the best choice for a new residential condominium in Kaka'ako today!

The Collection showcases modern design choices, advanced features, well-executed details, and breathtaking ocean and harbor views. Whether it’s the perfect Ala Moana Boulevard location or its incredible value, The Collection is the best choice for a new residential condominium in Kaka’ako today!

The Collection showcases modern design choices, advanced features, well-executed details, and breathtaking ocean and harbor views. Whether it’s the perfect Ala Moana Boulevard location or its incredible value, The Collection is the best choice for a new residential condominium in Kaka’ako today!

Thoughtfully Fashioned Indoor Spaces

  • Contemporary lobby gallery and e-lounge where you’ll meet friends and family
  • Entertainment “flex” rooms where you can sing karaoke or work out with “fitness on demand”
  • The club and party room provides a full kitchen for your enjoyment
  • Work out in a state-of-the-art fitness center
  • Yoga, Pilates or dance room, it’s your choice
  • Tune up your bike or work on your board in the one-of-a-kind community workshop
  • Lock up your toys in the surfboard and bike storage areas
  • Secured entry with controlled access of the garage and towers

Your Connection to the Outside Environment

  • Perfectly sized pool is great for relaxing or swimming laps with outdoor lounges around the spa
  • Barbeque dining pavilions and lounge seating are ideal for Hawai’i’s beautiful nights
  • Watch a movie – outside
  • Let the kids play in their own dedicated space
  • And dogs will enjoy the unique “Laundry Mutt” dog washing and play area

Style and Simplicity

A sophisticated urban aesthetic paired with materials and elements that complement each other. The Collection showcases modern design choices, advanced features, well-executed, details and breathtaking Diamond Head, ocean or harbor views. Whether it’s relaxation or inspiration you desire, your new home at The Collection accommodates your lifestyle.

The Collection delivers popular new design trends using a mix of materials – glass, wood and aluminum – and technology to create a home that’s contemporary and unique. The innovative building designs recognize your desire for low-maintenance living, energy- efficiency and well-crafted spaces.

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Why A&B didn’t go with a Hawaiian name for The Collection

Aug 26, 2013, 2:24pm HST

Duane Shimogawa  |  Reporter- Pacific Business News

There’s Keola Lai, Waihonua, One Ala Moana and The Collection, four Kakaako high-rise condominium projects either developed, or being developed, or financially backed by Honolulu-based Alexander & Baldwin Inc.

Alexander & Baldwin wanted to create a "new sense of place" with its Kakaako condo project by naming it The Collection, CEO Stanley Kuriyama said.

Alexander & Baldwin wanted to create a “new sense of place” with its Kakaako condo project by naming it The Collection, CEO Stanley Kuriyama said.

Note that only one, The Collection, doesn’t share a Hawaiian name like the other three.

Some in the real estate industry and others have been wondering why A&B chose to go with a name like The Collection as opposed to a Hawaiian name.

That’s why I decided to bring the topic up during a recent one-on-one interview with A&B Chairman and CEO Stanley Kuriyama.

He told me that the company’s first instinct was to go with a Hawaiian name, but they ultimately felt it was time to be different.

“[We] were trying to create a new sense of place,” Kuriyama said inside a boardroom at the historic A&B Building in Downtown Honolulu. “[It’s] a little bit of a break from our tradition, [as we tried to] create a more hip, modern, urban living environment.”

Thus far, The Collection has had a good response with buyers, with nearly 70 percent of the 397 units for the 43-story condo project already sold.

Weekend lottery to decide who will buy condos at former Honolulu Advertiser site

Weekend lottery to decide who will buy condos at former Honolulu Advertiser site

Duane Shimogawa | Reporter- Pacific Business News  |  Mar 22, 2013, 3:36pm HST

The developer of a $200 million high-rise affordable condominium tower planned for the site of the former Honolulu Advertiser building will conduct a lottery on Saturday to decide who will snatch up the units, which are priced between $250,000 and $550,000.

This rendering shows Downtown Capital LLC's 801 South St. project, which will be built on the site of the former Honolulu Advertiser building in Honolulu. Courtesy Downtown Capital LLC

More than 4,000 people have visited the sales office at the corner of Queen and Keawe streets in pursuit of a unit in the 46-story tower at 801 South St., which will feature a mix of studio and one-and-two bedroom units.

http://properties.shopoahurealestate.com/i/KAKAAKO_NEIGHBORHOOD

The lottery will be conducted at the sales office starting at 10 a.m. Those who turned in eligibility packets are welcome to attend, but they don’t have to be present if their number is chosen.

The results will be posted online at www.801southst.com.

“We are very pleased but frankly not surprised at the robust interest in the units,” Project Developer Marshall Hung of Downtown Capital LLC said in a statement. “This project addresses the critical shortage of housing that Hawaii’s residents can afford in Honolulu’s urban core.”

All of the 635 units are priced as workforce housing units. Bank of Hawaii (NYSE: BOH) will be the lead lender for the construction financing.

The developer expects to sell out quickly, paving the way for a second tower made up of 400 workforce housing units.

The Hawaii Community Development Authority approved the project last December. Construction is expected to begin this summer.

The project team includes Hawaiian Dredging Construction Co., Kazu Yato AIA & Associates Inc. and Marcus & Associates.

http://properties.shopoahurealestate.com/i/KAKAAKO_NEIGHBORHOOD

California developer Franco Mola plans to build workforce housing in Kaka’ako

Duane Shimogawa  |  Reporter- Pacific Business News
Apr 2, 2013, 1:54pm HST

A California-based real estate developer is planning to demolish several existing single-story industrial buildings and develop a 20-story, 217-unit workforce housing condominium project with ground-floor retail space in the Kakaako neighborhood in Honolulu.

The property, at 803 Waimanu St., encompasses a little more than 21,000 square feet.

It was once on the market for $4.8 million, according to the commercial real estate property website LoopNet.

The planned project also includes parking for 245 vehicles.

According to the plans, there will be no amenities and the ground floor may include a convenience store such as a 7-Eleven.

“It seems like these types of projects are catching on,” Hawaii Community Development Authority Director of Planning and Development Deekpak Neupane told PBN. “I think as far as affordable housing goes, it’s a good project.”

It will include studio, one-bedroom and two-bedroom units. Neupane says that a two-bedroom unit would go for about $350,000.

Construction is slated to begin in the first quarter of next year and be done in 24 months.

The HCDA has scheduled a public hearing at which the developer, Franco Mola’s MJF Development Corp., will present its plans on May 1 with decision-making scheduled for June 5.

MJF Development could not be reached for comment.

Mola is no stranger to the Hawaii market, as he once had plans to redevelop the former Honolulu Advertiser property on Kapiolani Boulevard into a two-tower commercial and residential complex, which is now a project headed up by Hawaii developer Marshall Hung.

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