Developer PACREP LLC, has announced that they will be building a second luxury condominium-hotel (or condotel) tower next to their Ritz-Carlton Residences Waikiki Beach project on Kuhio Avenue. The second tower will also be 39-stories tall and will have a total of 268 units. At this time PACREP officials have not disclosed if the Ritz Carlton will manage this second tower too, but it was noted that both towers would share some recreational amenities. Jason Grosfeld, a principal for PACREP, stated, "We think it's an area of the city that needs improvement, and we're really happy to be spearheading it. We love developing in Waikiki."
Source: Honolulu Star Advertiser, 12-10-2013, 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
