- Address: 1888 Kalakaua Ave, Honolulu, HI 96815.
- Built: 1992, 196 Units, 38 Floors, 1 - 3BR, Pets: OK (verify).
- Amenities: 3 Pools, 2 Hot Tubs, BBQ, Recreation Deck, Meeting Room, Kitchenette.
- Short-term Vacation Renting: Not Allowed.
Waikiki Landmark, a mostly fee simple condo with some leasehold units (expires 2055) built during the peak of Japanese investment in Hawaii, features unique dual towers bridged by five stories of penthouse units, some with private garage-door parking spots within the secure garage, and a prime location on Kalakaua Ave at Waikiki’s gateway, steps from
Kahanamoku Beach,
Ala Moana Center, and
Fort DeRussy Beach Park.
History Envisioned for Japanese luxury buyers, its high pricing and Japan’s recession led to years of vacancy until Oaktree Capital Management foreclosed on the $155M mortgage for $50M, relaunching sales that took a decade to complete, proving its luxury and quality despite initial timing challenges.
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