A Los Angeles based development company (Salem Partners) recently filed a sewer connection application for the "Heald College Plaza Development" block of 1470, 1488, and 1500 Kapiolani Blvd. to build a 500 unit, high rise condo-hotel building which would be just adjacent to Walgreen's and across from Ala Moana Center.
The building, once completed will consist of 301 studio, 122 one bedroom, 71 two bedroom, and 6 three bedroom units.
They will be using locally based engineering and planning firms and also have other building in the works near the convention center.
As soon as I have more information about purchase price and pre-sales, I'll add it to this blog. This area is popular for tourism, singles and convenient for busy families as well which would make a great investment to either live in, or rent out.
Call one of us at Team Aloha Tony for all of your real estate needs.
-Chelsea Pferschy MRP RS-76072 (808) 754-6000 cell