Executives of the Howard Hughes Corp, along with Governor Neil Abercrombie, Honolulu Mayor Kirk Caldwell and other distinguished guests, participated in the groundbreaking ceremony for Waiea, a new luxury high-rise residential condominium in Kakaako. According to plans, Waiea will be located at 1118 Ala Moana Blvd and will be a total of 36-stories with an unobstructed view of the ocean overlooking Ala Moana Beach Park and Kewalo Basin. It will be the first of 22 condominium towers in the new Ward Village that is being designed by Howard Hughes. Mayor Caldwell stated, "Today's ceremony is about a new future for our city. We may not be big as a Shanghai or Hong Kong or a Tokyo, but we have the same quality product. Today's groundbreaking is about building more of that first-rate, first-class product that puts us out there as a true capital city."
According to the Howard Hughes sales team, only 30 percent of the units are still available. Prices range from $1.5 million for a 1B/2BA unit to $20 million for one of the penthouses. The Grand Penthouse is also available, and is expected to sell for just under $100 million.
Source: Honolulu Star Advertiser, 6-8-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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