ONE Ala Moana will be located above the existing Nordstrom parking structure.
The 23-story tower will be developed by HHMK Development, LLC, and a joint venture of Honolulu development firms The MacNaughton Group and Kobayashi Group.
ONE Ala Moana will offer 206 one, two and three bedroom condominium homes ranging from 760 to 4,100 square feet.
"We are seeing extensive interest among potential purchasers and anticipate rapid sales because of the unique location, high quality design and finishes and the fact that buyers could be living in their new homes within the next 24 months," said Bert Kobayashi, Sr., Kobayashi Group Founder and Senior Advisor. "The early interest is from individual buyers and the high-end realtor community, both in and outside Hawaii, who know our reputation and dedication to exceptional quality and stand-out developments," Kobayashi added.
Prices for ONE Ala Moana luxury condominiums are expected to range from approximately $500,000 for the lower floor mauka view one-bedroom condominiums to over $9 million for penthouse suites. Average prices for residences in this luxury building will average approximately $1.6 million.
"ONE Ala Moana will offer a one-of-a-kind lifestyle experience with the best in luxury retail and restaurants at your doorstep," said David R. Weinreb, Chief Executive Officer of The Howard Hughes Corporation. "We look forward to our continued work with our esteemed partners, The MacNaughton Group and Kobayashi Group, as we launch the sales and construction phase of ONE Ala Moana."
The project is expected to be complete as early as Fall 2014.
See the original article at: KHON2 Developing Stories
