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Monday, October 4, 2010

Update: The Pacifica in Honolulu

Update: The Pacifica in Honolulu

A rendering of The Pacifica condominium project in Kakaako.

The Pacifica condominium building, formerly known as Moana Vista, got off to a bit of a rough start when the project went into foreclosure in early 2009. But things have certainly turned around since developer OliverMcMillan acquired the project. The building is coming along—it will get its top at the end of this year and completion is projected for fall 2011—and sales have been picking up. Of the building's 489 total units, there are currently about 360 condos under contract. Among the condos that are still on the market, 41 are reserved housing, which I’ll get to in a minute, and the rest are market-rate residences.

Of the market-rate residences, there are one-bedroom and one-bath floorplans starting around $440,000; two bedrooms and two baths from $450,000; and two bedrooms, two baths plus a den starting around $600,000 (the three-bedroom floorplans are currently sold out). Square footage for the available units isn’t exactly palatial—from about 660 to 1,130—but for these prices, the views (mountain, city, Diamond Head and ocean vistas) and the central location in Kakaako, it might be worth overlooking. Plus, the condos are nicely outfitted, with the requisite granite kitchen countertops, stainless-steel appliances, Italian porcelain tile flooring and custom carpeting, and the building has some pretty tempting amenities, including an urban park, two theaters, a fitness center and party pavilion.

When the reserved-housing condos were first put on the market, nearly 60 groups camped out to reserve a space in the program. Despite the initial rush, there are still a few of these affordable residences available. The reserved-housing units, which have two bedrooms and two baths and prices starting at just under $400,000, are available to owner-occupants who meet certain requirements and submit an application in person to the sales center.

For more information: www.pacificahonolulu.com. Visit the Pacifica Sales Center at the Honolulu Design Center, 1250 Kapiolani Blvd.

Contact: Jeanne Murata, Heyer & Associates, project broker. 596-8686, sales@pacificahonolulu.com.

 

Posted on Monday, October 4, 2010 in Permalink

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About This Page

Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.
 


Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


 


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.


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