With our first move-ins happening this week, we’re excited to share with you the latest construction updates, straight from The Collection site.
There are lots of new things going on around The Collection block! Trees are now planted around the entire site, as well as the grass along Ala Moana Boulevard. You’ll also notice some amazing art pieces like the beautiful “hula dancers” along Keawe Street near the Tower lobby entrance, pictured above.
Residences at The Tower are being prepped for move-ins, and the residential corridors are now complete as well. In the lobby, furniture and art have been installed, which you’ll be able to see through the floor-to-ceiling windows on Keawe Street. At the 7th floor Fitness Center, equipment is up and running. At the Recreation Deck, installation of the furniture, wood stone pavers, synthetic turf, plant and light fixtures, and barbeque grills are all complete. You’ll also notice the cool art mural “What’s For Lunch” by artist Scottie Flamm (pictured above). The pool is also now completed and ready for swimming!
Work on all residences is now complete, and homeowners inspections were recently performed. With many first-time homeowners set to live at The Lofts, it was great to see their excitement over experiencing their new home for the very first time!
Progress continues on The Townhomes, with work on these single-family-style residences each at different points of construction. Installation of wood flooring is completed in Townhomes #9, #10 and #14 while interior railings have been installed in Townhomes #11 through #13 along Auahi Street. Tile and countertops are being installed in Townhomes #6 through #8. Cabinets have been installed at Townhome #4, and painting is just complete in Townhomes #1 through #3 along South Street. Also, landscaping of the front yards at each Townhome is now in progress.
If you’re interested in owning one of these spacious urban residences, it’s not too late! Click here to learn more about The Townhomes, or visit our Sales Gallery, open daily.
Pacific Business News
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.
Alexander & Baldwin (NYSE: ALEX) said all 450 high-rise and mid-rise units are under contract, and 85 percent of the buyers are local residents.
The average price per square foot of the units is $775, with the average unit size at 855 square feet, making the average unit price about $663,000.
The company said it has poured concrete up to the 34th floor and that it is currently building out the interiors in the units.
Located at 600 Ala Moana Blvd. on the site of the former CompUSA store, The Collection consists of a 43-story condominium with 397 units, a four-story building that houses 54 loft-style units and 14 three-bedroom townhomes.
The $200 million project began construction in 2013. Honolulu-based The Beall Corp. is handling leasing for the 12,022-square-feet of ground floor commercial space.
An art installation creates visual appeal at a building site in Kakaako
From up close the construction wall along Ala Moana Boulevard near Waterfront Plaza looks like a series of undecipherable black-and-white patterns that wouldn’t get a second glance from passers-by.
But take a few steps back and images start to emerge from the squares: an enormous aku fish, for example, with an eye near the door where construction workers enter the site from South Street. Also, a row of bicycle wheels, the profile of a Hawaiian stilt bird, a Quonset hut, a newspaper boy wearing a hat and a girl fishing.
The 1,500-foot-long wraparound mural, called “Kaka‘ako Pixel Wall,” is by .5ppi, an artists collective specializing in collaborative printmaking installations. It was commissioned for an undisclosed price by A&B Properties, developer of The Collection, a residential high-rise.
Putting art on construction barriers has become a common practice at many high-profile projects as developers seek to beautify the untidy sites and generate goodwill among neighbors in the face of community upheaval.
In the case of the pixel wall, “It was an opportunity to add visual richness and excitement to the area during a period of change,” said Rick Stack, A&B’s senior vice president of development.
Stretching around the entire construction site bordered by Ala Moana, South, Auahi and Keawe streets, the artwork is made up of a collage of Kakaako scenes hand-printed on about 9,000 sheets of 11-by-15-inch paper.
The installation blends the past with the present, according to designer Justin Davies, who used images from the archives of Honolulu Iron Works, which stood on the site in the early 1900s, as well as photos of present-day Kakaako, where a number of construction projects are underway.
“This neighborhood may look like this now, but it has all these layers of history,” he said. “A collage lets you juxtapose different moments in time and gives you that historical depth that’s hard to capture with a photograph at a given moment.”
More than a dozen printmakers from .5ppi, under the direction of Duncan Dempster, started printing and gluing the papers onto the construction wall with homemade wheat paste in November, finally finishing in late May.
City building codes require developers to put up an 8-foot barrier and covered walkways around construction sites. Some contractors erect solid, plywood barriers, while others put up chain-link fences covered with black mesh screens.
Maile Meyer, owner of Na Mea Hawaii at Ward Warehouse, said construction-site artwork can create a connection between builders and the community and provide opportunities for artists. Meyer was involved in a 2012 project in which young artists painted a 300-foot-long mural on the construction wall for the new Pier 1 Imports on Auahi Street, a Howard Hughes Corp. property. The public was invited to a community paint day, and parts of the mural were salvaged and integrated into artwork at Nanakuli High School.
Also at Ward Village, the developer installed a panel of photos and text explaining the area’s history at the construction site of the Waiea high-rise condominium. The information was collected in collaboration with Bishop Museum, according to Katie Ka‘anapu, director of community and retail marketing for Howard Hughes.
A replication of a mural by Native Hawaiian artist Solomon Enos, titled “Keaomelemele,” the goddess who took on many forms, is also on the wall, and there are large-scale images of a sunset, a verdant valley and other scenery.
The “Kaka‘ako Pixel Wall” should remain up for at least another year. Artists plan to color in parts of it in the coming months and will save portions of it when construction is done.
It was a labor-intensive effort, according to Noah Matteucci, one of the lead printmakers who installed the work from beginning to end with a team of other artists and volunteers. He hopes the public will take time out to enjoy the mural.
“I don’t think there’s ever been a print installation this big on a construction site where everything is hand-printed,” he said. “Just take a look. Stop, get out, look at it close, go back and look again.”
Pacific Business News
Alexander & Baldwin Inc.’s The Collection condominium project in the Honolulu neighborhood of Kakaako is 94 percent sold, the Honolulu-based company said Thursday in its first quarter earnings report.
The $200 million project, which started construction in October at the former CompUSA lot, includes a 397-unit high-rise tower, a 54-unit mid-rise building, 14 town homes and retails shops and restaurants on the block bounded by Ala Moana Boulevard, Auahi, South and Keawe Streets.
Honolulu-based Alexander & Baldwin (NYSE: ALEX) bought the land beneath the project from Kamehameha Schools for $23 million. The project is estimated to be completed in late 2016.
On Thursday, A&B reported a profit of $25.3 million in the first quarter, down from a profit of $35 million in the same quarter last year.
Revenue for the first quarter was $150.7 million, compared to $94.8 million in the first quarter last year.
As the sun sets, the nightlife in Kaka‘ako lights up. Whether you’re looking for a romantic night on the town or to mix things up for a memorable girls night out, Kaka’ako is the new place to paint the town.
Here are some of our favorite places and tips for exploring Kaka‘ako’s colorful nightlife:
Light up the night with a mic at Café Duck Butt. Bust your beaks with $1 songs, but if you’re on the shy side make sure to reserve a room so you can chirp in privacy. And save room for their pupu menu – some of our favorites include their Korean tacos, Korean chicken and watermelon soju (served in a carved out watermelon, you’ll want to bring a flock of friends to share). We promise it’s everything its quacked up to be.
It’s fun and games at Dave & Busters at Ward Entertainment Center. Dine in and let loose with their eat-and-play combo, which rewards guests with a $10 play card along with your dinner purchase. And every Tuesday is Taco Tuesday, with tasty tacos for under $2/each and drink specials until 11 p.m. If you feel like hitting the dance floor, join the jam-packed Friday night rooftop party that has 93.9 JAMZ DJs spinning back in time to your favorite 80’s and 90’s hits.
We promise it’s for real. Tucked away next to Marukai Market at Ward Village Shops, Real, A Gastropub features a wide menu of beers on tap and weekly specials. The food menu is served in small portions, so pick a few plates to share on your date. Real also hosts tasting parties and trivia nights that require reservations. So add them to your pau hana ritual and perhaps you’ll add “beer connoisseur” to your resume.
Forget the cab and simply cross the street for a night of drinks and dancing at The M Nightclub at Restaurant Row. Known for their VIP bottle service, handcrafted drinks, and savory menu, you can party the night away ‘til 4 a.m. on Fridays or Saturdays and never have to worry about how to get home. Be sure to check out their schedule of upcoming events here.
Hawaii Luxury Magazine
For Kaka‘ako’s future residents, it seems the only way to go is up.
THE COLLECTION IS PREDOMINANTLY DESIGNED FOR LOCAL RESIDENTS LOOKING FOR AN URBAN PEDESTRIAN COMPONENT TO THEIR island lifestyle. Set for completion in late 2016, this A&B Properties development will add 465 new residential units to Kaka‘ako. The Collection’s five different buildings are a mix of retail and residential, with townhomes, lofts and a condo tower, called The Tower, featuring retail on the ground floor.
“This is an entire city block,” explains project architect Jeff Renterghem. “There are actually five buildings of different scale and use. Our retail will be on a small, neighborhood scale: not big box. It will be a mixed-use neighborhood. The color of the glass tint on the tower is rich, and provides a small amount of reflectivity. It’s a tower with a calm footprint, and an emphasis on street-level design elements.”
The Tower is currently rising on a spot that was once a gathering place for Native Hawaiians, a historical detail its designers wanted to refer to in the buildings’ sensibility.
“In the past, that piece of land had salt ponds,” explains Holly Boling Ruiz of Philpotts Interiors. “It was a fishing community. We wanted to make sure we tied back to the history of the land, and this place, that this new community would be living in—and that we translated it in a way that was familiar, yet with a more architectural and contemporary palette.”
The Philpotts team incorporated the colors and textures of that ancient community throughout the Tower’s interiors.
“The woven baskets Hawaiians would use to fish, or crafts they would make, were a starting point for the pattern in walls or floor coverings. We used the white color of salt, the charcoal gray of a rock wall, ambers and siennas, as a subtle reminder, a subconscious connection when people come in to the lobby of the land and culture of the area.”
Compared to many of the luxury projects underway in Kaka‘ako, this project offered a competitive price point. In The Tower, prices ranged from the high $300,000’s for a one bedroom, to the low $1,000,000’s for a three bedroom.Remaining two bedroom units are priced at roughly $600,000. In The Lofts, they started in the mid $300,000’s for a studio loft, to the high $500,000’s for a two bedroom.The building’s designers needed to balance cost with good design through strict attention to detail.
“It’s a challenge building something on O‘ahu,” Renterghem notes. “You have to use every piece of material that arrives on site to hit these price points. You need to have that understanding from day one, and provide that message in all the designs. The one-, two- and three-bedroom units within the condominium tower are sized more for the local [rather] than the seasonal market. The efficiently designed units are modern, working family pieces carefully balanced in design.”
Renterghem noted that, while A&B wanted to keep the price point moderate as compared to many of the luxury offerings in Kaka‘ako, they wanted to make sure each unit had outdoor lanais and individual AC units. Amenities include an outdoor swimming pool and recreational deck on the 7th floor, cooking grills, a common area kitchen and party room, fitness and yoga rooms, and cabanas, which can be booked for owners for private events in an outdoor space.
“The amenity deck is both interior and exterior,” Ruiz says. “The interior space is the club room. It is multifunctional with a back kitchen and a butler’s kitchen that can be used by a caterer. The front area has an informal dining bar to have people over for dinner: a bar space, tables and chairs for playing cards for having a party.”
“It was very strategic not to have this building have so many amenities that the maintenance fees are crazy,” Ruiz notes. “It came down to, ‘ What do you really need?’”
The building’s planners wanted to insure that residents also had a chance to connect with each other on the amenity deck, as well as in the lobby itself.
“They wanted to create places for people to gather, and lounge spaces to meet your friends. There’s a great opportunity in public spaces for it to be an opportunity for connection,” Ruiz says. “It’s much more than just your unit. In their lobby, we have a mailroom, created so it will be an integral part of the lobby. We have a high bar counter next to it, so you can sit on bar stools and check your email or do your work, almost like a library and a place to gather. In the front lobby, we put large punees, so people have a spot to hang out and read the paper, or meet your friends. There are three or four different areas for people to connect.”
Asked if this was a challenge, compared to the high luxury projects Philpotts has become renowned for, Ruiz says the price limitations were, in fact, an inspiration. “I love projects that we’re not given free reign, when you have to be really creative and really thoughtful about choice of materials; it really makes you decisive.”
The beginning of 2015 has brought many exciting developments as we lay the framework for what will become The Collection Tower and parking garage. To keep you updated on our progress, we have collected (pun intended) a few updates to share what’s been going on at 600 Ala Moana Boulevard:
- Demolition of the CompUSA building is complete, and the site has been cleared to make way for construction of the Tower and parking garage.
- Deep foundation work at the Tower is complete, and construction of the Tower’s foundation itself is in progress.Tower vertical construction is scheduled to begin later this month.
- Deep foundation work for the parking garage is complete, and columns and retaining walls are being built to allow for vertical construction towards the end of the month.
- Both Tower cranes for the Tower itself and the parking garage have been erected.
Be on the lookout for more construction updates as we progress!
Pacific Business News
Alexander & Baldwin Inc.’s The Collection residential project in Kakaako, which started construction in October, has pre-sold 93 percent of its 450 units, the vast majority of which are being purchased by local buyers, the company said Monday.
Honolulu-based Alexander & Baldwin (NYSE: ALEX) said 88 percent of the units pre-sold at The Collection were under binding contracts.
A&B paid $23 million to Kamehameha Schools for the former CompUSA lot it is developing as its The Collection project in Kakaako.
“We continue to expect good sales activity at our development projects to carry over into 2015,” A&B Chairman and CEO Stanley Kuriyama said in a statement.
A&B’s 340-unit Waihonua at Kewalo high-rise project across from Ala Moana Center in Honolulu is sold out, with the last of the units closing in January.
A&B also said that it sold three lots from Japanese businessman Genshiro Kawamoto’s former Kahala Avenue portfolio for $21 million.
In the past two years, A&B, one of the largest landowners in Hawaii, invested $1.3 billion in real estate.
“In 2014, much of our effort was spent on successfully integrating these investments into our portfolio and on ensuring that our projects will benefit from the continuing improvement in Hawaii’s economy and real estate markets,” Kuriyama said. “In August 2014, we increased our development pipeline by 600 residential units when we received final zoning approval for our 95-acre project in Kihei, Maui.
“We also expanded our home construction program at Kukuiula — our 1,000-acre resort residential project in Poipu, Kauai — where we expect to have 26 homes under construction in 2015, with an additional 20 homes scheduled to start in 2016,” he said.
A&B said in its annual report that it needs more time to finalize its financial statements for 2014, and plans to file for an extension for releasing its net income for the year.
Alexander & Baldwin, Inc. said Monday 90 percent of the 464 units in its Collection tower in Kakaako have been sold with the “vast majority” going to local owners.
The company began construction in October on the Collection, at the site of the former CompUSA store on Ala Moana Boulevard.
A&B also said that as of last month it has closed all sales at the recently completed 340-unit Waihonua high-rise project in Kakaako, “thus bringing this project to a very successful conclusion.”
The updates came as A&B released its fourth quarter results minus net income figures.
“The company is not reporting net income at this time because it requires additional time to finalize its financial statements for the year ended Dec. 31, 2014, following an extended review of its deferred income tax accounts,” the company said in a news release.
Revenue before discontinued operations for the fourth quarter of 2014 was $165.1 million, compared to $496.1 million for the fourth quarter of 2013, the company said. Fourth quarter operating profit before discontinued operations was $26.5 million, compared to $48.1 million for the fourth quarter of 2013.
“These year-over-year declines were primarily attributable to 2013 sales of seven mainland properties to fund the company’s acquisition of the Kailua Town portfolio and Pearl Highlands Center, the 2013 sale of a 24-acre parcel adjacent to Maui Business Park for the development of Maui’s first Target-anchored center, and lower Agribusiness performance in 2014,” A&B said.
A&B said full-year 2014 operating profit before discontinued operations was $147.3 million, compared to $101.4 million for 2013, and full-year operating profit was $91.1 million in 2014, compared to $64.7 million for 2013.
“Solid fourth quarter operating performance from our Real Estate segments and Grace Pacific capped off a positive year of operating results in 2014,” said Stanley Kuriyama, A&B’s CEO.
Little is big. Whether its burgers or bags – items in miniature are the latest craze.
So it should be no surprise that this concept has come full swing with miniature parks. As the revitalization of Kaka‘ako continues to take shape, providing outdoor space for the area’s residents is an important factor for developers.
To address this need, “pocket parks” – small parks created on a single vacant lot or on small, irregular-shaped piece of land – are sprouting up in Kaka‘ako. These pocket parks provide residents and visitors with green space for a picnic, a walk with the pooch, or place to play ball. And all in an acre of space or less.
One of the first “pocket parks” to pop up in Honolulu is Kolowalu Park, right off of Queen Street. With a playground and stretch of open grass, the park is a hit with children and adults alike. Also, one of its unique features is the shade it offers throughout most of the day thanks to surrounding buildings.
As the popularity of pocket parks continues to grow, here are some of our favorite park activities that you can pocket for yourself.
- Plan a picnic. After a visit to the Kaka’ako Farmer’s Market, spread out your fresh produce, hot pastries from The Baker Dudes, and fresh cup of coffee from Day Light Mind Coffee. It’s the perfect way to spend your Saturday.
- Make a play for the playground. With shade, benches, playground equipment, and lots of other keiki to play with, a visit to Kolowalu Park is a great way to end the day and let the kiddies blow off some steam.
- Get your game face. Meet your friends for a pick up game of bocce, Frisbee, or soccer. The best part? Unlike other parks, afterwards there are lots of shops and cafes within walking distance to grab a snack, juice, or even a cold brew.
- Relax and rejuvenate. Join a tai chi group and work on both your relaxation and your fitness. Or simply find a shaded spot and enjoy the cool Hawaiian breeze. And if it’s retail therapy you require, there’s a variety of shops and boutiques right in the neighborhood.
Pockets parks are just one of the many great things about Kaka‘ako. Visit The Collection Sales Gallery to learn more about this wonderful neighborhood and how you can live here!