The Benn Pacific Blog

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Wednesday, December 12, 2012

SOLD OUT!

What’s the best economic indicator of the health Hawaii’s real estate industry?  How about an error by the Star Advertiser in running an ad for the sales of the ONE Ala Moana condominium on Friday last week instead of Monday as scheduled, thus forcing the developer to go to market 3 days earlier than planned.  End result?

206 units sold out almost instantly with an average price point of approximately $1,500/sf and a maintenance fee estimated to be on the north side of $1/sf per month.  Even the Penthouse units in the $8-9 Million range…gone.  That pace of sales beats any absorption rate I have seen in years.

ONE Ala Moana promises to be one of the first in what appears to be the pending boom in condo development in the Kakaako to Waikiki area.  What makes this one so unique is its location on top of the existing parking structure of Nordstrom at Ala Moana.  This means residents will be able to go out their door to the world’s largest open air shopping center or out the back to the Keeaumoku/Kapiolani corridor.  Paired with valet parking for residents, lots of amenities (including a simulated golf driving range) and a relatively small number of units, ONE Ala Moana may just be the hottest address in town!

inventory at ONE Ala Moana

Contact us for more information on this and other condos coming soon to Kakaako!

Mahalo.

Posted by Trevor Benn on December 12, 2012 at 08:41 AM
Real Estate News • (6) CommentsPermalink
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