Kakaako penthouse on market for $20M
It’s not the "grand penthouse," but the second-biggest penthouse in a planned condominium tower slated for development atWard Centers is priced at about $20 million.
The unit with about 6,500 square feet of space on the 34th floor of the tower named Waiea is going for about twice as much as the current record price for a new condo unit in Hawaii.
Waiea developer Howard Hughes Corp. began selling units to investors in December. More units are being made available to owner-occupant buyers today.
The cheapest price for a unit in Waiea, located makai of the Ward Theatres, is $1.4 million, and that’s a one-bedroom, two-bath unit. The biggest unit — the grand penthouse with about 21,000 square feet on the 35th and 36th floors — is being sold without a publicly disclosed asking price.
Hughes Corp. is developing three initial towers in the first phase of a roughly 20-year master plan to convert Ward Centers into a residential and retail community called Ward Village with 22 high-rise condos.
Units in Anaha, a tower planned for the site of the former Pier 1 Imports store, also will go on sale today for owner-occupants with the cheapest one, a studio with a little over 400 square feet, being sold for $470,000.
The sales begin at 9 a.m. at the IBM Building at 1240 Ala Moana Blvd.
ON THE MOVE
The Children’s Alliance of Hawaii has announced C. Kent Coarsey as its new president and executive director. He was previously director of philanthropy at YMCA of Honolulu and also worked at the International Dyslexia Association’s Hawaii branch.
Bishop Street Commercial has announced David Peacock as its managing director for asset services. He has 30 years in commercial real estate, during which he focused on property management and leasing of a large portfolio of commercial properties.
