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Ala Moana Center to add second luxury condo

By Star-Advertiser staff

LAST UPDATED: 05:41 p.m. HST, Dec 13, 2013

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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Adam1105 wrote:
Why am I not thrilled by this news?
on December 13,2013 | 04:14PM
HonoluluHawaii wrote:
u make a dollar an hour.
on December 13,2013 | 07:23PM
fairgame947 wrote:
Terrible! No planning or else and probably the case, someone is getting money to move this through DPP, etc., I can't believe this is happening, it's sad what is being allowed in this city. A tragedy.
on December 13,2013 | 04:20PM
Eagle156 wrote:
And none of these residents will use the train but they will certainly hear it.
on December 13,2013 | 04:48PM
Anonymous wrote:
There goes the views for 1350 Ala Moana and Hawaiki Tower!
on December 13,2013 | 04:45PM
syhud wrote:
ok when is the shopping center's structure start to collapse with all this construction?
on December 13,2013 | 04:50PM
Maneki_Neko wrote:
Heh. In one story the MacNaughton Group and Kobayashi Group closes Price Busters and in the other it builds new condos for the ultra rich.Guess we see where the return on capital is.

I wonder if we will see all the red shirt protesters who tried to stop the affordable condos...will they be out in force against this condo for gazillionaires? Will we have sign wavers? Will we have all these concerns about sewers and infrastructure?

on December 13,2013 | 05:13PM
islandsun wrote:
Don't buy condos. Condo owners will forever be held hostage by HECO.
on December 13,2013 | 05:14PM
sailfish1 wrote:
Who is buying these luxury condos? My guess is that they are rich people from foreign countries. That may not be a bad thing since they will probably be part-time users and not be much of a burden on our infrastructure (roads, water, sewage, electricity).
on December 13,2013 | 05:23PM
anniemcnewsy wrote:
Who would actually want to live at the mall?
on December 13,2013 | 06:46PM
steveoctober wrote:
Many do. It's not some dinky strip mall we're talking about.
on December 13,2013 | 06:53PM
Wazdat wrote:
A SELECT few are making BIG BUCKS selling out the Aina for foreign investors.
on December 13,2013 | 06:56PM
HOSSANA wrote:
on December 13,2013 | 08:31PM
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