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Ala Moana Center to add second luxury condo

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The developers building a luxury condominium atop the Nordstrom parking structure at Ala Moana Center plan to repeat their feat with a similar project on the opposite side of Hawaii’s largest shopping mall.

Plans are in the works to build a roughly 200-unit condo overlooking Ala Moana Beach Park atop the mall’s makai parking deck between its Piikoi Street corner and a Neiman Marcus store, according to a source familiar with the plans.

Local developers The MacNaughton Group and Kobayashi Group are partnering with investment firm BlackSand Capital and the mall’s owner, General Growth Properties, on the project, the source said.

The MacNaughton and Kobayashi firms are developing the 206-unit ONE Ala Moana condo where unit prices topped out at $10 million. Construction on the 17-story tower began in April and is projected for completion in late 2014.

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