News

FOR IMMEDIATE RELEASE:
January 3, 2019

Demolition Starts on Azure Ala Moana Site

Construction of a new mixed-use condominium in Midtown Ala Moana neighborhood set to begin early this year

HONOLULU – Demolition in the Midtown Ala Moana neighborhood began today, setting the stage for construction of Azure Ala Moana, a new transit-oriented development (TOD) project. The first TOD project approved under the City’s new ordinance, Azure includes 330 for-sale condominium residences, 78 rental apartments and 21,268 square-feet of commercial real estate space all under one roof, including a public plaza for programmed community events. Construction is slated for completion in 2021.

“With over 60 percent of the units sold under three months, we’ve been able to accelerate our schedule,” said Rick Stack, executive vice president, ProsPac Holdings Group. “Demolition brings us closer to the highly-anticipated start of construction of Azure Ala Moana and delivering much-needed homes and rental apartments to this community.”

Site History

Located on Keeaumoku Street mauka of the Honolulu flagship Walgreens store, Azure Ala Moana will help towards the new revitalization of the neighborhood. Sitting on the former location of Stardust Lanes bowling alley, the development will be a vibrant community focal point reminiscent of the 1960s when weekend crowds overflowed the popular Scotty’s Drive-in and Chip’s Coffee Shop after a movie at Kapiolani Drive-in Theatre or spent the evening dancing and roller skating at Rainbow Rollerland.

“Many locals fondly remember this neighborhood, now called Midtown Ala Moana, as the place to be back in the 60s,” said Stack. “Azure Ala Moana will transform the location into the bustling, thriving center for the community.”

A New Chapter for the Midtown Neighborhood

A subsidiary of ProsPac Holdings Group, Azure Ala Moana, LLC launched sales of the condominium residences in mid-September last year, offering hundreds of interested buyers a view of the two-bedroom model residence, and the opportunity to purchase one-, two- and three-bedroom homes. Azure Ala Moana provides an unparalleled combination of contemporary design, exceptional amenities and stunning views in an incredibly convenient location.

“This area is a diverse, active and authentic neighborhood waiting to be rediscovered,” said Stack. “Our residents will be steps away from signature Honolulu restaurants and retailers, Hawaii’s premier shopping destination and a multitude of services including doctor’s offices, banks, dry cleaners and more. Everything they need will be minutes from their door.”

A Seasoned Team

ProsPac Holdings Group has engaged a seasoned team to create a project that celebrates Hawaii’s culture while providing tremendous value to the community.

• Contractor – Albert C. Kobayashi, Inc. (ACK) is known for providing its clients with exceptional service and finding the most effective method of construction. The company has worked on a number of projects in its 55-year history, including Park Lane Ala Moana, Anaha at Ward Village and ONE Ala Moana.

• Architect – Design Partners Incorporated (DPI) brings a strong heritage rooted in creativity, expertise and innovation to Azure. Since its establishment in 1979, DPI has provided planning and design services in Hawaii, the Pacific Basin and Asia. The firm’s experience in residential projects encompasses The Collection, 400 Keawe and Waihonua at Kewalo among others.

• Interior Designer – Hirsch Bedner Associates (HBA) is the premier interior designer for luxury hospitality brands worldwide. While Azure marks its exciting entry into the Hawaii market, Hirsch Bedner Associates has been a part of iconic properties in Asia and the Pacific, such as The Ritz-Carlton San Francisco, Four Seasons Kyoto and Wynn Palace (Macau, China).

• Landscape Designer – PBR HAWAII & Associates creates exceptional natural landscapes that complement the built environment. With more than 45 years of experience, PBR HAWAII & Associates’ work locally includes Waihonua at Kewalo, Aulani, a Disney Resort & Spa, The Four Seasons Resort at Ko Olina and more.

• Exclusive Project Broker – Heyer & Associates, LLC has set the benchmark of high-end, luxury condominium sales. Heyer & Associates, LLC has been the broker for Park Lane Ala Moana, The Collection, Symphony Honolulu, Waihonua at Kewalo and ONE Ala Moana.

The Azure Ala Moana sales gallery is located on the 14^th floor of the Pacific Guardian Tower, 1440 Kapiolani Boulevard and is open Monday through Saturday from 10 a.m. to 5 p.m. and Sunday from 1 to 5 p.m. Condominium residences are currently for sale, with applications for the complex’s rental apartments and commercial spaces available at a later date as construction nears completion.  For more information, visit azurealamoana.com.

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ABOUT PROSPAC HOLDINGS GROUP
ProsPac Holdings Group, LLC, established in 2016, is a Honolulu-based real estate investment firm dedicated to thoughtful community-oriented development in the state of Hawaii. The company is currently developing Azure Ala Moana, a mixed-use project that includes 330 condominiums, 78 rental apartments and commercial space in the heart of Midtown Ala Moana.  The management team has decades of combined international experience from real estate investments and developments in Hawaii, Canada, Singapore, and China.

MEDIA CONTACT:
Megan Tsuchida
Bennet Group Strategic Communications
(808) 286-3183
megan@bennetgroup.com

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