KHON2 -- KHON2 news speaks with Ian MacNaughton about The MacNaughton Group and Kobayashi Group's new luxury condominiums.
Construction is already underway for the condo project known as One Ala Moana being built at Ala Moana Center.
A big announcement on Sunday reveals there will be a second condo complex built at Hawaii's largest mall.
Ala Moana Center's new expanded ewa wing will have Bloomingdale's in the center and condo units on the makai side.
It'll be a series of buildings stretching from Piikoi Street to Neiman Marcus.
"It's going to have over 200 units. The average size is above 2,000 square feet. And some of these units will have their own private pools and gardens," BlackSand Capital Partner BJ Kobayashi said.
BlackSand Capital and their family companies The MacNaughton Group, and Kobayashi Group are in charge of the new project planned for this part of the mall described as ultra-luxury ocean view residences.
"It'll include a spa fitness, and a full private dining facility as well. First class amenities across the board," Blacksand Capital Partner Ian MacNaughton said.
The buildings will be eight stories tall.
Construction is scheduled to start in the middle of next year.
"The project is being built under the existing zoning on the site and the existing height entitlement, so there's no variances required, so getting the final design in place and getting our construction pricing in place and ultimately selling the units," MacNaughton said.
"The price range will be commensurate with among the most luxurious higher priced units here in Hawaii," Kobayashi said
"We're confident the project will move forward. We think it's an extremely unique project in a very iconic site. And we think it'll be a great success once it's completed," MacNaughton said.
Construction is expected to be completed by the end of 2016.