The buyer of the priciest penthouse at the $1 billion Park Lane Ala Moana luxury condominium project being built at Hawaii’s largest shopping center will receive a special bonus from the seller: an around-the-world trip.
Alexander & Baldwin Inc. plans to complete construction on The Collection, its sold-out mixed-use condominium project in the Honolulu neighborhood of Kakaako, in November, according to the Honolulu-based company’s fourth quarter 2015 earnings report.
In a letter to shareholders, Howard Hughes Corp. CEO David Weinreb has announced that the ONE Ala Moana ultra-luxury condominium tower in downtown Honolulu is expected to generate a total profit of $66 million.
Alexander & Baldwin said Thursday that three-quarters of the 341 units at the Waihonua condominium high-rise under construction in Honolulu have been pre-sold under binding sales contracts, satisfying conditions to start drawing on the project’s $120 million construction loan.