The 217-unit Park Lane Ala Moana luxury condominium project in Honolulu, which only has 33 units left for sale, is scheduled to open to its first residents on April 5, one of the project’s managers confirmed to Pacific Business News this week.
The $1 billion luxury condo project, which includes seven buildings at Ala Moana Center’s new Ewa wing, is expected to be fully completed by the end of 2017.
A view of the ocean from the construction site at the Park Lane Ala Moana condominium project, which will open to its first buyers on April 5.
Honolulu developers The MacNaughton Group and Kobayashi Group, along with Honolulu-based BlackSand Capital and landowner General Growth Properties Inc., partnered to develop Park Lane, which is named after the 1,000 foot-long fully landscaped lane that will line the seven buildings.
Alana Kobayashi Pakkala and Brett MacNaughton, executives from each of the Honolulu development firms, gave PBN a sneak peek of one of the most highly-anticipated residential projects in recent memory in Hawaii. Go to <pacificbusinessnews.com> for exclusive photos of the project by PBN photographer Tina Yuen. Other stories about the unique project are also on the way.
Prices of Park Lane’s units range between $1 million to the upper $20 million. Located at 1388 Ala Moana Blvd., the seven eight-story buildings will each be 100 feet tall, with between 28 and 42 units each ranging in size from 850 to 6,000 square feet. One of the three grand penthouses was sold earlier this year.
The complex will also include two floors of residential parking, two-and-a-half floors of commercial parking and amenity spaces, plus one commercial unit and a private entrance to the shopping mall. Monthly maintenance fees will be up to $7,500, according to public records.