Multifamily news in Marketing - Honolulu

  • Allied Builders System Tapped to Develop Kamehameha Schools’ Retail Project in Haleiwa

    Honolulu-based general contractor Allied Builders System has been selected to oversee the construction of a 27,000-square-foot commercial center in the Oahu North Shore town of Haleiwa. Kamehameha Schools made the announcement during the project’s groundbreaking blessing ceremony on September 26th.

  • Luxury Condominium High-Rise Coming to Honolulu

    HHMK Development, LLC, comprised of landowner and developer The Howard Hughes Corporation and a joint venture of Honolulu development firms, The MacNaughton Group and Kobayashi Group, are developing a luxury residential tower above the existing Nordstrom parking structure at Ala Moana Center in downtown Honolulu. Called ONE Ala Moana, the 23-story high-rise will offer 206 one, two and three bedroom condominium homes ranging from 760 to 4,100 square feet. Prices will go from approximately $500,000 for the lower floor one-bedroom condominiums to over $9 million for penthouse suites. The average price per unit will be around $1.6 million.

  • Developer Plans Large Mixed-Use Community in Downtown Kihei on Maui

    The Krausz Cos. is planning a 320,000-square-foot sustainable, mixed-use project in the city of Kihei, one of Maui's most populated communities. According to the Pacific Business News, the proposed Downtown Kihei project calls for a village square; more than 200,000 square feet of office, medical office, retail and restaurant space; a 44,180-square-foot movie theater; a four-story, 150-room hotel; and more than 1,000 parking stalls. The new development will be built between the Piilani Village Shopping Center and the Longs and Azeka's centers, on four parcels of land totaling 27 acres.

  • Bank of Hawaii to Move Ward Branch to Hokua at Ala Moana

    Bank of Hawaii has announced plans to relocate its Ward Plaza branch to the ground floor of the Hokua condominium at 1288 Ala Moana in Honolulu, about half a mile from its current location. Construction for the new offices should begin by the end of February 2013, with completion scheduled for mid-August. DKKY Architecture Studio will design the space. The move will allow for a smooth transition of services, as the bank intends to close its current Ward branch at 210 Ward Ave. on a Friday and open at the new location the following Monday.

  • Bascom Buys $73.5M Property in State’s Largest Multifamily Acquisition Since ’07

    by Adriana Pop, Associate Editor The Bascom Group LLC has acquired Oasis at Waipahu Apartments, a 406-unit community in Waipahu, Hawaii for $73,500,000. The sale represents the state’s largest multifamily transaction since 2007. In a recent announcement, Andrew Newton, principal at The Bascom Group, said this is the company’s sixth acquisition in Hawaii. “The Hawaii market has [...]

  • Authority to Review OliverMcMillan’s $200M Kakaako Tower

    by Adriana Pop, Associate Editor The Hawaii Community Development Authority has scheduled a public hearing to discuss the orientation of OliverMcMillan’s 40-story Symphony tower in Kakaako. The $200-million, 407-unit, mixed-use condominium high-rise will be located at the corner of Kapiolani Boulevard and Ward Avenue [...]

  • Honolulu Issues RFP for Management of City-Owned Affordable Housing

    by Adriana Pop, Associate Editor The City and County of Honolulu issued a Request for Proposals from private companies interested in managing and maintaining affordable apartment complexes on a long-term leasehold basis. According to the City’s application timeline, initial offers are [...]

  • A&B Buys 4.35-acre Parcel Zoned for Commercial Development

    By Liviu Oltean, Associate Editor A&B Properties Inc. has recently announced the purchase of a 4.35-acre parcel within the 7-acre Gateway at Mililani Mauka Shopping Center complex for $8.2 million. The tract of land was purchased from Castle & Cooke Properties, which [...]