New high-rise condo approved
By Andrew Gomes
Advertiser Staff Writer
A local development partnership has won approval to build the next luxury high-rise condominium in Kaka'ako, and plans to begin selling units in mid-December at fee-simple prices starting at $600,000.
Carter Black rendering
The MacNaughton Group and Kobayashi Group said they plan to break ground on the roughly $110 million Hokua tower late next year.
This is what the planned 41-story Hokua tower condominium will look like. Pre-sales of condo units will begin at $600,000. The project will break ground late next year, alongside Nauru Tower.
The 41-story project with 248 units would be the first high-rise developed in the area since the nearby Hawaiki Tower was finished in 1999.
The Hawaii Community Development Authority, a state agency overseeing redevelopment in Kaka'ako, recently approved Hokua's development plan, under which the developer will contribute about $2 million in land or cash to the agency as part of a public facilities dedication fee.
The developer also will construct and maintain a portion of a planned neighboring public park at an estimated cost of about $350,000.
The tower, just 'ewa of Ala Moana Boulevard's Nauru Tower, would replace existing tenants on the site, including 7-Eleven, AAA Hawaii and the Victoria Ward Garden Office Building.
Joyce Timpson & Associates has been chosen to market the project. Managing sales will be Heyer & Associates. Project architect is San Francisco-based Gary Edward Handel & Associates. A general contractor has not been selected yet.
