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Luxury condo project nixed by low demand


    Kobayashi Group and The MacNaughton Group, local real estate development firms that formed MKVida LLC to produce Vida, said their decision was in response to a slow pace of buyer interest that showed no signs of picking up.

  • 2015 MAY 8 BSN Ian MacNaughton, left, Managing Partner of The MacNaughton Group and Duncan MacNaughton, Chairman of the MacNaughton Group stand on "lanai", with simulated view. Vida Tower sales. Showroom area with living rooms and models. SA photo by Craig T. Kojima

It was designed with fantastic amenities, amazing ocean views and a name that means “life.” But a planned $500 million luxury condominium in Kakaako was killed by its developer Friday after weak sales. Read more

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