Number of Units: 327 market units and 80 rentals. Stories: 41 Unit Configurations: 1BR to 3BR’s. 1BR ~ 650 sf; regular 2BR ~ 880 sf to 970 sf; premium 2BR ~ 1,040 sf to 1,190 sf; 3BR 1,464 sf. Floor Plate: Typical floor has 11 units - 4 x 1BR, 6 x 2BR & 1 x 3BR. 3 units on 9th floor, but otherwise a full floor of units starts on the 12th floor. Maintenance Fees: Expected to be $0.84 to $0.85 / sf. Fees include water & sewer - cable and Internet separate charges. Ceiling Height: 12F to 33F = 8’6”, 34F to 40F = 9’, 41F = 10’ Flooring: Engineered wood in living room an carpet in bedrooms for premium units. Regular units have carpet throughout. Kitchen Appliances: Bosch for regular units. Premium units have Wolf oven, Sub-Zero fridge / freezer and other appliances Boesch. Washlet: Outlet near master bathroom toilet. Elevators: 4 for market rate units, 2 for rental units, and 1 service elevator. Balcony: Yes, all units have a usable balcony. Parking: 3rd to 8th floor. 1 bedroom has 1 stall, regular 2BR has either 1 or 2 stalls, premium 2BR and 3BR all have 2 stalls. Reception: Located in lobby and someone working there 24 /7. Location: Near Ala Moana Shopping Center. See here on Google Maps. Developer: Prospac Holdings – Honolulu based real estate investment firm. Retail: 20,000 sf located on 1st and 2nd floor. Category: High-end. Comparable Completed Condos: Symphony Honolulu, The Collection, Keauhou Place and Waihonua.
Amenities The amenity deck is located on 9th floor above parking garage. It will have 4 BBQ cabanas, pool, hot tub, movie theatre, fitness, Lounge with kitchen, area & a dog park (2 pets allowed - verify), guest suites, bicycle & surfboard storage, electric vehicle charging stations, wifi throughout amenity deck.
Rental Units 78 total, mostly studios with a few 1BR units. Located on 3rd to 8th floor and 10th and 11th floor towards front (south) of building. Rental units will not have access to amenities. 78 rentals. Mainly studios. Developer will own for 30 years and manage.
Azure Ala Moana Renderings (Courtesy Prospac Holdings)
We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.