Moana Vista Condominium Building in Honolulu Hawaii to become Pacifica:
Here's a very brief history:
1) Up For Foreclosure Auction
2) Auctioned & Sold to First Lien Holder
3) Now bought by San Diego Developer from First Lien Holder
And, now the details to this last development:
San Diego group buys Moana Vista in the Ala Moana area of Honolulu.
According to "Pacific Business News" . . . . . . . . . . . .
A San Diego-based developer has closed on a deal to take over the stalled Moana Vista high-rise condominium project and plans to resume work early next year.
The project will be renamed Pacifica, developer OliverMcMillan said in a news release.
OliverMcMillan purchased a $29.5 million lien filed by Hawaiian Dredging Construction Co. and acquired the interest owned by the project's original developer, KC Rainbow II of Honolulu.
The developer plans to give the half-completed 492-unit residential tower on Kapiolani Boulevard new exterior elevations, upgraded interior design and resort-level amenities, development director Dan Nishikawa said Wednesday in a news release.
"OliverMcMillan intends to improve the common area amenities and some upper-unit floor plans," Nishikawa said. "When completed, Pacifica is going to be a special place, a high-quality home, and will enhance the surrounding communities."
The developer plans to begin a new sales and marketing program for the building, and will notify the previous buyers of their priority to purchase in Pacifica.
Mahalo For Reading.
If you or anyone you know is thinking about buying or selling a condo in Honolulu, Hawaii, it would be my pleasure to help.
Douglas Fischer, R.A., REALTOR, ePro, C.D.P.E.
RE/MAX Honolulu
www.HNLCondos.com
808-497-3810
Douglas@HNLCondos.com
Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.
Looks like a fabulous project for some builder/investor to grab ! Good luck !