Commodore Waikiki Condo Project Hits Market
- Apr 13, 2015
Sales have been launched at the Commodore Waikiki, a new low-rise condo conversion that overlooks the Ala Wai Canal in Honolulu.
According to the Pacific Business News, the project has been developed by husband-and-wife team Mary Pattee and Rodney Howard, the former owners of Staffing Solutions of Hawaii. Through an entity called Commodore LLC, the developers purchased and transformed an old rental apartment complex at 1880 Kahakai Drive in Waikiki into a for-sale condominium project. In 2006, they invested $6.5 million into the acquisition of the property, which was built in the late 1940s by the U.S. Army Corps of Engineers to provide housing for naval officers. Another $3.5 million went into its refurbishment.
The four-story, two-building Commodore Waikiki now features a mix of 43 one-bedroom, two-bedroom and penthouse units priced from $280,500 to $549,000 on a fee simple basis. There are four two-bedroom penthouses ranging from 450 to 1,188 square feet and six two-bedroom condos ranging from 589 to 592 square feet, with the remaining one-bedroom condos ranging in size from 392 to 408 square feet. All of the units offer an open living concept, along with a variety of interior amenities.
The property, which also offers 13 parking spaces for sale at $60,000 per stall, is located between the Hawaii Convention Center and Ala Moana Shopping Center, just minutes away from Ala Moana and Magic Island beaches. Coldwell Banker Pacific Properties of Honolulu is the broker.
“The one-way in-and-out loop street allows for a more serene, quiet environment yet also offers a five-minute walk to the beach, restaurants, Ala Moana Center and Waikiki nightlife. As such, we anticipate our buyers will include young families, professionals and empty-nesters,” Tracy Allen, realtor-associate & vice president of Coldwell Banker Pacific Properties, said in a news release.
Photo credit: www.commodore-waikiki.com