An "exclusive" event to buy luxury condominium-hotel units in the planned Ritz-Carlton Residences Waikiki Beach tower Saturday resulted in about 263 sales, or 85 percent of the 309 units in the 38-story project.
Developer PACREP LLC announced the results Tuesday, saying it is pleased by the response.
"The success of this weekend’s event further reinforces that, for our buyers, Ritz-Carlton is by far their top choice," Jason Grosfeld, a PACREP principal, said in a statement.
Units in the condotel, which will be managed by luxury hotel operator Ritz-Carlton, range from 400-square-foot studios to a 4,220-square-foot penthouse and are priced from $650,000 to $15 million.
The tower site at the corner of Kuhio Avenue and Kalaimoku Street toward the Ewa end of Waikiki will provide sweeping ocean views over Fort DeRussy and the first presence on Oahu for Ritz-Carlton.
Commercial tenants in the tower will include a Dean & DeLuca luxury food market, farm-to-table restaurant BLT Market and the first restaurant outside Japan for the Edo-style sushi bar Sushi Sho.
PACREP held an initial sales event Saturday that was webcast live and advertised as a private, invitation-only opportunity, though people could register through brokers, online or by calling the sales office. Similar sales events also were held in Tokyo and Shanghai simultaneously with the Waikiki event.
The developer’s sales team is handling sales of remaining units at the project’s showroom at 2100 Kalakaua Ave. Prices for remaining units range from $750,000 to $15 million.
Construction of the estimated $180 million tower is scheduled to begin in the late summer and be finished in early 2016.
