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Price for new Nordstrom condos reach $9M, a Hawaii record

By Andrew Gomes

LAST UPDATED: 11:50 a.m. HST, Nov 01, 2012

Some very luxury living is going to nestle up to luxury shopping, based on plans for a 23-story condominium at Ala Moana Center next to Nordstrom on top of the store’s six-story parking garage.

Units in the 206-unit tower dubbed ONE Ala Moana will top out at $9 million — a record for a new high-rise condo in Hawaii.

The lowest price is about $500,000, and the average is $1.6 million for the one to three-bedroom units with 760 square feet to 4,100 square feet of living space.

Sales are slated to begin by the end of the year. If sales go well, construction could start by late spring, according to the developer.

ONE Ala Moana is being developed by Dallas-based Howard Hughes Corp. with local development firms The MacNaughton Group and Kobayashi Group.

The companies announced plans last year to pursue development of the tower, but said at the time that no timetable or other details had been set.

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autumnrose wrote:
HOORAY for SHOPPING Oriented Development and unobstructed ocean views... and jobs jobs jobs for carpenters hanging drywall, plus much needed business for our BANKS who are dying to loan you money...
on November 1,2012 | 11:57AM
Maneki_Neko wrote:
I thought condos were supposed to align mauka-makai. I guess these guys got their exemption before they even asked, eh? How many affordable units were mentioned? Oh, I see, no need to actually have affordable units, eh? This is a special project with special developers.
on November 1,2012 | 12:56PM
what wrote:
This is where rail will take you when you ride it to the end of the line. Ala Moana. Not University of Hawaii as originally designed and planned. Money money money is right.
on November 1,2012 | 12:59PM
allie wrote:
wrong route
on November 1,2012 | 02:50PM
Maneki_Neko wrote:
For you little people..hahaha....for you we have 350 square foot rabbit hutches in Kaka'ako. You may be allowed to come and clean our $9 million condos if you ask nicely. The selling of Hawaii continues............
on November 1,2012 | 12:20PM
cojef wrote:
Rich people hutches, eh? Unconstructed view for now, but can the Ala Moana go up higher ,too? Maybe so, good to know.
on November 1,2012 | 02:15PM
allie wrote:
yup...you get the picture
on November 1,2012 | 02:50PM
Makiki_Al wrote:
Isn't there supposed to be a rail station right there?
on November 1,2012 | 12:54PM
CloudForest wrote:
Build it 1,500 feet high and the price per unit will drop low enough for the lower floors for families to actually afford, or keep the current zoning and get this result.
on November 1,2012 | 01:09PM
false wrote:
yeah, baby...buildings are falling into place like Tetris blocks. I'm thinking we need a condominium above Honolulu Hale...but, really, who cares? Ala Moana-Keeamoku and Kakaako are pretty much on the way to turning into ant farms, anyway, when it comes to density and planning.
on November 1,2012 | 01:14PM
alfhawaii wrote:
enough already. Hawaii needs more affordable housing not luxury condos that block out the ocean views for the majority of people living mauka of kapiolani.
on November 1,2012 | 02:09PM
ukefan wrote:
OMG, this is too funny----pay over a million dollars plus for a condo and have an elevated choo-choo train yard setting right next to your living room. You can watch, and better yet listen, to the departures and arrivals every 4 minutes. You'd have to be mad as a hatter, or stone deaf, to buy into that deal. Maybe the price is so high because the windows will need to be quadruple glazing and walls will require 6 feet of sound deadening insulation? Build time looks pretty short too. They better get it up quick before the train arrives or the homeless will be the only ones willing to live there.
on November 1,2012 | 02:13PM
allie wrote:
yup...sad scene
on November 1,2012 | 02:51PM
livinginhawaii wrote:
The other funny side to this is that the infrastructure at and around alamoana is in really bad shape. Just ask anyone living or working in the area how stable their electricity, water and roads are. Several businesses have moved because they had way too many power outages...
on November 1,2012 | 05:29PM
NanakuliBoss wrote:
The Ala Moana Rail station will be covered.
on November 1,2012 | 09:25PM
96706 wrote:
That IS ONE UGLY building! YUKKKKK!!!
on November 1,2012 | 02:15PM
inverse wrote:
If someone can afford to pay on average $1.6 MILLION for a condo, do you think they will be taking a choo-choo train AND feeder buses to get around Oahu?
on November 1,2012 | 02:29PM
Anonymous wrote:
The choo-choo train and feeder buses are for the hired house keepers who live in Waipahu.
on November 1,2012 | 07:22PM
inverse wrote:
Too bad they are going to build condos at Ala Moana ctr. Right now it is a perfect place to put a massive photovoltaic power array on top of pretty much the entire Ala Moana shopping center. With this condo, the shadow it will cast from the East side will really diminish the power generation capability of PV's on the roof of the shopping center. Of course quick $$$ can be made by overpriced condo's than the long term self-sustainability of a placing a PV "farm" on the roof of the Ala Moana shopping center.
on November 1,2012 | 02:34PM
allie wrote:
sits on a cement parking lot...yuck
on November 1,2012 | 02:51PM
alfhawaii wrote:
the height should be tiered so that the buildings along kapiolani/ala moana do not block the view for everyone else. But I guess its too late... greed always wins out over what's best for the majority.
on November 1,2012 | 02:58PM
Maneki_Neko wrote:
You did see the contractors' names, right. The special ones.
on November 1,2012 | 03:43PM
mcc wrote:
More affordable housing for Honolulu.
on November 1,2012 | 03:05PM
soundofreason wrote:
I'm sure they'll discount if you buy two or more :/
on November 1,2012 | 07:42PM
Wazdat wrote:
WHO in there right mind would pay 9 million to live above a shopping mall ???
on November 1,2012 | 03:26PM
false wrote:
Emelda Marcos and Paris Hilton.
on November 1,2012 | 06:38PM
Nocturnal wrote:
I'm so buying one of the 9 million ones!
on November 1,2012 | 06:09PM
Maneki_Neko wrote:
I think you can 2 for $17 million.
on November 1,2012 | 07:26PM
soundofreason wrote:
I was considering it. Until I found out what brand of dishwasher it has. Yeah, that's it - the dishwasher was the deal breaker :/
on November 1,2012 | 07:44PM
mililanihi wrote:
Better to build condo than rail. More jobs for locals. and our children, and grand children don't foot the bill.
on November 1,2012 | 07:23PM
tiki886 wrote:
It wasn't too long ago that wealth was respected and a goal to teach our children to strive for and achieve. Now wealth and achievement has become a dirty word. This is the result of years of Liberalism, socialism, marxism and communism taught in our schools and some churches. I guess a lot of you can't wait for everyone to wear commie pajamas to work and chant "Workers of the world unite!"

Consider that America's poorest of the poor is still the wealthiest 5% compared to the rest of the world's population.

on November 1,2012 | 08:29PM
tiki886 wrote:
PS - $1 million dollars in the 50s when I was born is equal to about $8.5 million today. $120,000 in the 1950s is equal to $1 million today.

It's a good thing that there are more millionaires today in the history of our nation.

on November 1,2012 | 09:00PM
sixthsense wrote:
You Developers need to be on meds! We don't need homes for the "rich!" We lack affordable housing for our kids!
on November 2,2012 | 12:28AM
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