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Friday, October 24, 2014         

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Partners selected for high-rise project above Ala Moana

By Andrew Gomes

POSTED:


A Texas company with rights to build a condominium tower atop a parking structure next to Honolulu’s Nordstrom department store at Ala Moana Center announced it will work with two Hawaii development companies on the venture.

The Howard Hughes Corp. announced today that it has partnered with The MacNaughton Group and Kobayashi Group to evaluate the development of the envisioned luxury residential high-rise.
 
Hughes Corp. did not say if or when development of the tower might happen.
 
The Dallas-based company acquired the rights to the project last year when it bought certain assets of Ala Moana Center’s owner, General Growth Properties, including Ward Centers.
 
General Growth built the six-story Nordstrom garage to support a tower up to 18 stories, and envisioned developing 210 luxury condo units.
 
MacNaughton Group and Kobayashi Group were involved in building luxury condo towers in Honolulu during the last real estate boom, including Hokua in Kakaako and Capitol Place downtown.






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