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On Wednesday, November 14, 2018, Honolulu City Council approved the transit-oriented development zoning for Avalon’s Development of Sky Ala Moana, a $510 million mixed-use residential and hotel condominium project. This is the city’s first project to offer for sale affordable units restricted by a 30-year buyback period. Click here to read the complete article
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Cuzco Development, a Hawaii based development company, pitched its plans to build either two 42-story high-rises or two 37-story towers and a mid-rise to the Ala Moana -Kakaako Neighborhood Board on Tuesday night, the 23rd of October. They are hoping that their project will receive special transit-oriented development permits which will allow the buildings near planned rail stations to be significantly taller and denser than what regular zoning rules allow. Continue reading…
Turtle Bay is about to increase its workforce from 650 to 1,100. The hotel, which is owned by Blackstone and managed by Benchmark Resorts & Hotels is planning to begin construction in May that will add about 750 units. That plan includes an additional 725 permanent lodging units, including 100 residences and the resort is also considering adding another 25 temporary structures like travel trailers and yurts for guests who are into glamping, or glamorous camping. It will also do some renovation to the landscape and exterior of the
Wow! Oahu has been attracting a new group of ultra high-net-worth buyers to Hawaii that is helping to drive the number of luxury home sales. In the first nine months of 2018, there have been a lot of single-family home recordings for $10 million or more and Honolulu condominiums with units selling for the same stratospheric prices. Continue reading…
The first four days of sales, more than half of the market-priced condominium units at Azure Ala Moana, ProsPac Holdings Group’s 41-story mixed-use tower across from Walmart’s flagship Honolulu store, are under contract to owner-occupant buyers. The developer ran its first newspaper ad on Friday and lines began as prospective buyers waited for sales to begin on Saturday. Azure Ala Moana condo project across from Honolulu Walmart 60% sold