Marshall Hung, a local developer, has purchased the historic News Building in Kakaako and hopes to build two new affordable high rise condominium towers on the property. According to plans released by Hong, the two towers would each be 400 feet tall and have a combined 1,035 units with in them. Units would be sold for between $250,000 to $550,000 Fee Simple and would come in studio, one bedroom and two bedroom configurations. Monthly maintenance fees are also projected to be rather low, but the building would feature limited amenities to keep costs down.
Hung is well known in the Hawaii community and has been the developer for 1133 Waimanu Tower in Kakaako, 1448 and 1450 Young Street in Honolulu and Country Club Village in Salt Lake.
Source: Honolulu Star Advertiser, 9-2-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
