Ritz-Carlton Residences Waikiki Beach Holds Sales Event

The Ritz-Carlton Residences Waikiki Beach held its sales event over the weekend and found buyers for the vast majority of their units.  The project, to be built at 2121 Kuhio Avenue, will feature a total of 309 units ranging in size from 400 square foot studios to 3,000 plus square foot three-bedroom suites.  Prices started at $500,000 and reached just of $15 million for the penthouses.  The condominium-hotel property will also feature the state's first Dean & DeLuca, a gourmet market headquartered in New York City.  There will also be a Sushi Sho restaurant and a BLT Market restaurant.  

Jason Grosfeld, the principal for the developer PacRep LLC, stated, "This a unique opportunity.  Waikiki is one of the most popular vacation destinations in the world but there has been very little available here.  (The Ritz-Carlton) is by far the best brand for our customers from Asia.  It's the No. 1 luxury brand."

Source: Honolulu Star Advertiser, 6-23-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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