The Howard Hughes Corp. is spending a total of $24 million to renovate the historic IBM building on Ala Moana Boulevard in Kakaako to be their sales office and information center for their massive redevelopment of the Ward area. The Ward Village project includes the building of 22 high rise condominiums on their 60 acre property, as well as the doubling of the existing retail and dining space in the neighborhood.
The first two condominium towers to be built, Anaha and Waiea, have already begun selling units to investor clients, with owner occupant sales to the general public beginning shortly. Waiea will be located on the ocean side lot directly in front of the Ward movie theater. One bedroom units there will start at $1.5 million. Anaha is located on above the old Pier One store's location, kitty corner from Waiea. Studio units here will start in the $400,000s. Race Randle, the director of development for Hughes Corp. stated, "(Investor) sales are exceeding expectations."
Source: Honolulu Star Advertiser, 1-25-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
