new condo construction

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

June 27, 2014 By Mark G. Howard

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

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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Filed Under: 888 Kapiolani Blvd, Featured, Kobayashi Group The, New Condo Construction, New Condos, New construction, Vida Tagged With: 888 Ala Moana Blvd, new condo construction, New Condos, new construction, Vida

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

June 7, 2014 By Mark G. Howard

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

Filed Under: 1108 Auahi Tower, 1118 Ala Moana Tower, Anaha Tower, Featured, Howard Hughes Corp, Luxury Real Estate, Waiea Tower Tagged With: Honolulu luxury condos, Howard Hughes Corp, Luxury Honolulu, new condo construction, New Condos, Waiea, Waiea Tower

HCDA approves another condo tower for Kakaako

May 7, 2014 By Mark G. Howard

A rendering of the proposed Keauhou Lane project in Kakaako.

HCDA approves another condo tower for Kakaako

By Andrew Gomes

The Hawaii Community Development Authority, the state agency regulating development in Kakaako, voted 8-0 Wednesday to approve the Keauhou Lane project, which features a 43-story condo tower, 632 residential units, parking for 1,038 cars and about 39,000 square feet of restaurant and retail space on a 4.2-acre block bordered by South, Pohukaina, Halekauwila and Keawe streets.

Wednesday’s vote is the final approval the project needs from the HCDA. The developer still needs building permits and expects to start construction next year.

The land is owned by Kamehameha Schools. Stanford Carr, a local developer, is in charge of the tower and parking portion of the Keauhou Lane project. The 43-story tower at Keauhou Lane is designed with 388 condos. Another 35 town homes would line the parking garage along South and Pohukaina streets.

The project also includes apartments and retail space, which are being developed by Portland, Ore.-based Gerding Edlen and will feature 209 rentals in four six-story buildings on the Keawe Street side of the block.

Filed Under: Featured, Kamehameha Schools, Keauhou Lane, Stanford Carr Tagged With: HCDA, Keauhou Lane, new condo construction, Stanford Carr Development

Affordable condos at 801 South St. in Honolulu are selling fast, developer says

May 3, 2014 By Mark G. Howard

The 801 South Street project on the site of the former Honolulu Advertiser Building is currently under construction.

Affordable condos at 801 South St. in Honolulu are selling fast, developer says

Bill Cresenzo Reporter – Pacific Business News

More than 3,500 people have shown some type of interest in the affordable condominiums at the second building under construction at 801 South St. in Honolulu, according to the developer.

So far, 600 prospective buyers have submitted applications to secure one of the 410 condo units, which are priced from $350,000 to around $700,000, and 347 units are now under contract, according to figures released this week by the developer,

The units at the former Honolulu Advertiser Building site went on sale in March. The project’s developer, Downtown Capital LLC., said that 85 percent of the buyers are families who are earning less than 140 percent of the area median income, which was required by the Hawaii Community Development Authority.

All of the buyers are from Hawaii, Downtown Capital said. They were chosen through a lottery.

A lottery for the first building at 801 South St. was held in March 2013.

Maintenance fees will range from $255 for a one-bedroom unit to $360 for a three bedroom unit, Downtown Capital said.

Filed Under: 801 South Street, Featured Tagged With: 801 South St., new condo construction

Hawaii Community Development Authority approves two Kakaako residential projects

May 1, 2014 By Mark G. Howard

The Hawaii Community Development Authority has approved two Kakaako residential projects being developed by Hawaii developer Stanford Carr and Oregon-based developer Gerding Edlen

Hawaii Community Development Authority approves two Kakaako residential projects

Duane Shimogawa Reporter – Pacific Business News

The Hawaii Community Development Authority has approved two Kakaako residential projects being developed by Hawaii developer Stanford Carr and Oregon-based developer Gerding Edlen on the same block totaling 632 units.

Keauhou Lane’s portion of the project at 500 South St. includes a mix of 388 residential units, which will have one-, two- and three-bedroom units in a 400-foot high-rise building, along with a mix of 35 townhouse units that will have two- and three-bedroom units in a 42-foot mid-rise tower, as well as 2,854 square feet of ground-floor commercial space, 1,038 square feet of vehicle stalls in a 72-foot parking structure, about 13,000 square feet of open space and 31,400 square feet of recreation space.

The Gerding Edlen project at 500 Keawe St., which is being developed on behalf of landowner Kamehameha Schools, includes a mix of 209 residential units that will have studio, one- and two-bedroom units in a 65-foot mid-rise building, 39,145 square feet of ground-floor commercial space, four loading stalls, about 13,600 square feet of open space and 11,500 square feet of recreation space.

The request was for a joint development permit for two separate mixed-use residential, commercial/retail development projects being built at the same time by Carr and Gerding Edlen.

Keauhou Lane requested a modification from the mauka area rules to increase the podium’s height to about 72 feet and cause a partial obstruction of the South Street view corridor, while Gerding Edlen asked for a modification from the same rules to increase the podium’s height to about 65 feet.

Meantime, also at Wednesday’s meeting, the HCDA, which oversees the redevelopment of Kakaako, held an initial public hearing for Castle & Cooke and Kamehameha Schools’ 183 rental and for-sale workforce housing units located on the block bounded by Auahi, Keawe and Pohukaina streets.

Seven members of the public testified in support of the project and one person testified in opposition, said HCDA spokeswoman Lindsey Doi.

The project’s second public hearing will be held on June 10 with a decision-making hearing scheduled for July 9.

The two private developers are requesting a joint development permit for their two separate mixed-use, residential, commercial/retail projects.

The projects will be built simultaneously, with construction starting later this year and completion targeted in 2016.

Castle & Cooke and Kamehameha Schools are asking for a modification to increase the area’s building height restriction from 45 feet to 65 feet.

Filed Under: 500 Keawe Street, Featured, Gerding Edlen, Kamehameha Schools, Keauhou Lane, Stanford Carr Tagged With: 500 Keawa Street, Keauhou Lane, new condo construction

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

March 12, 2014 By Mark G. Howard

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.

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.

Filed Under: Blacksand Capital, Featured, Kobayashi Group The, Park Lane Ala Moana Tagged With: new condo construction, New Condos, Park Lane Ala Moana

Hawaii agency approves second tower on former Honolulu Advertiser site

December 9, 2013 By Mark G. Howard

Dec 4, 2013, 2:30pm HST

Duane Shimogawa Reporter – Pacific Business News

The state agency overseeing the redevelopment of the Honolulu neighborhood of Kakaako on Wednesday approved a second workforce housing condominium project on the site of the former Honolulu Advertiser building on a vote of 6-0 after hours of public testimony and discussions.

The Hawaii Community Development Authority’s vote to approve the second phase of the 801 South St. project was not unanimous — one board member abstained from voting because he had to leave early and two others were excused.

About 40 people had signed up to testify, while a host of others who didn’t sign up were given a chance to give their say once the people who had signed up finished testifying, said Lindsey Doi, spokeswoman for the HCDA.

The HCDA board, amongst a standing-room only crowd, addressed concerns by some in the public regarding the affordability and other issues of the 410-unit project, which is being developed by Hawaii developer Marshall Hung’s Downtown Capital LLC.

HCDA Executive Director Anthony Ching said that an affordability study recently done by some Kakaako residents on the project does not add up by pointing out that the interest rate that’s used in the study is not what the HCDA has used to analyze the project.

The preliminary prices for the one- and two-bedroom units are between $360,000 and $575,000 with three bedroom units priced below $700,000.

The second proposed tower, which would include an accompanying 10-story parking garage, is part of the 801 South St. project, whose first phase of 635 units is sold out.

Together, the two towers are expected to have a total of more than 1,000 units.

The 801 South St. project is expected to cost $400 million to develop and will create 350 construction jobs.

The second tower or “Tower B” will include a partial demolition of the back portion of the existing Honolulu Advertiser building, which was once used as a soundstage for the CBS crime drama “Hawaii Five-0.”

Filed Under: 801 South Street, Featured, Hawaii Community Development Authority, New Condo Construction, New construction Tagged With: 801 South St., HCDA, new condo construction

Hawaii agency to decide on second condo tower at 801 South St.

December 7, 2013 By Mark G. Howard

Dec 3, 2013, 6:54am HST

Duane Shimogawa Reporter – Pacific Business News

The Hawaii Community Development Authority expects to make a decision on Wednesday regarding a Honolulu developer’s plan to build a second residential tower in Kakaako with an accompanying 10-story parking garage on the site of the former Honolulu Advertiser building, the state said Monday.

The state agency that’s overseeing the redevelopment of Kakaako is holding a second public hearing on the permit application by Downtown Capital LLC, which is headed up by Hawaii developer Marshall Hung, on Wednesday at its office at 461 Cooke St., starting at 9 a.m.

The workforce housing condominium, which would include some 400 units, is part of the 801 South St. project, which includes a first phase of 635 units that have sold out.

Together, the two towers are expected to have a total of about just over 1,000 units.

The 801 South St. project is expected to cost $400 million to develop and will create 350 construction jobs.

The second building application will include a partial demolition of the back portion of the existing Honolulu Advertiser building, which was once used as a soundstage for the CBS crime drama “Hawaii Five-0.”

Filed Under: 801 South Street, Featured, Hawaii Community Development Authority, New Condo Construction Tagged With: 801 South St., new condo construction

OliverMcMillan breaks ground on Symphony Honolulu condominium project

November 21, 2013 By Mark G. Howard

Nov 20, 2013, 2:58pm HST
Duane Shimogawa Reporter | Pacific Business News

OliverMcMillan Pacific Rim LLC began construction Wednesday on its 388-unit, 45-story Symphony Honolulu mixed-use condominium tower at the corner of Kapiolani Boulevard and Ward Avenue, across from the Neal S. Blaisdell Center in Honolulu’s Kakaako neighborhood.

More than 150 people attended a groundbreaking ceremony for the project, which is located on 3.35 acres at 888 Kapiolani Blvd.

“Kakaako is a very exciting urban location, offering so much in exciting activities, location and culture,” OliverMcMillan CEO Dene Oliver said in a statement. “We’ve created spacious, artfully designed condominiums that appeal to the Hawaii market and where residents can make a home for years to come.”

Earlier this month, the developer said that First Hawaiian Bank is the lead bank among four lenders on a $120 million construction loan for the project.

Other lenders included Central Pacific Bank, American Savings Bank and the Washington Capital Joint Master Trust Mortgage income fund.

The condo tower will include market-rate and reserved residential units, as well as commercial space on the lower floors, including an automobile showroom for JN Automotive Group.

San Diego-based OliverMcMillan expects construction of Symphony Honolulu to take about 25 months to complete.

About 70 percent of the available units were sold within the first two days of sales, which began in June.

Filed Under: 888 Kapiolani Blvd, Featured, Kakaako, Luxury Real Estate, New Condo Construction, Oliver McMillan, Symphony Honolulu Tagged With: new condo construction, Oliver Mcmillan, Symphony Honolulu

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

September 4, 2013 By Mark G. Howard

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.

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.

Filed Under: A&B, Alexander & Baldwin Inc., Featured, The Collection Tagged With: Alexander & Baldwin Inc., new condo construction, New Condos, new condos for sale, new construction, new construction condos, The Collection