Real Estate Blog

Construction for two luxury Honolulu condominium developments by the Howard Hughes Corp. is well underway, and in fact, according to a recent report from Pacific Business News, more than 80% of those units are now under contract.

The latest figures reported have the 174-unit Waiea Tower at about 88% sold, while the 317-unit Anaha Tower has nearly 82% of its units under sales contracts.

At the conclusion of the first quarter, the company was said to have about 86.5% of the units sold at the Waiea Tower development and 77.5% of its units under contract at Anaha Tower. In all, Waiea Tower has an estimated construction cost of $403 million, with Anaha Tower costing Howard Hughes Corp. about $401 million to build.

If all goes according to plan, Waiea Tower

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Sales have officially started for the Howard Hughes Corporation’s third condominium tower at Ward Village, with 234 of the building’s 466 total units now being offered to potential owner-occupants in a public lottery. For now, buyers at A’eo will be required to use the building as their principal residence for at least one year, while prices are being set at $405,016 for a 409 square foot studio, $573,000 for a 612 square foot one-bedroom, $860,000 for an 860 square foot two-bedroom, and $1.39 million for a 1,239 square foot three-bedroom unit.

Being called Ae’o, the new development, which is located at 1001 Queen Street and is being designed by Bohlin Cywinski Jackson, will feature 466 stunning condominium residences, in addition to 60,000 square feet of

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Although a brand new Whole Foods Market is slated to open in nearby Ward Village in 2017, it appears a new Foodland store is also on the way to the reconstructed Ala Moana Center, giving Kakaako and Ala Moana area residents plenty of new shopping options to choose from as development in the area continues.

Having just been announced this past weekend, the new 47,000 square foot Foodland Farms store will be two-and-a-half times larger than the old 18,500 square foot Foodland Ala Moana, which closed back in December 2014 after the company decided not to renew its lease.

According to reports, the location, the size of the space, the additional parking, and the exposure off Piikoi Street were all contributing factors in coming back the Ala Moana Center, which

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We cannot wait to show you what we're doing in Hawaii. Stay tuned!

Meanwhile, this is a taste:

2014 has been an amazing year!

Buyers were out in full force looking for homes and snatching up available inventory. There were many multiple offer situations, where Sellers received full or over the asking price for their homes.

If you or someone you know are considering selling in 2015, I will be happy to assist with the process.

Happy Holidays!
Kinga Mills
Coldwell Banker

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