DOWNTOWN HONOLULU CONDO FOR SALE

Honolulu is the capital as well as the most populous community of the State of Hawaii. Downtown Honolulu is the financial, commercial, and governmental center of Hawaii. On the waterfront is Aloha Tower, which for many years was the tallest building in Hawaii. Downtown Honolulu is the current and historic central part of Honolulu—bounded by Nuuanu Stream to the west, Ward Avenue to the east, Vineyard Boulevard to the north, and Honolulu Harbor to the south—situated within the larger Honolulu District.

Harbor Square 225 Queen St 20/G

Conveniently located within walking distance to shopping, restaurant row, bus line, downtown offices, Hawaii Pacific Univ.

Listings price from $ 310,000

FS - Fee Simple 2 br 2 bath Inter Liv Ar: 624 Open Lanai: 116

Harbor Square is centrally located apartment in Downtown Honolulu - the bus stop is at the cornor of the building, grocery shopping is four blocks away and the beginning of restaurant row  is conveniently located around the corner. Walk over to Chinatown for reasonably priced, fresh produce or over to the dollar movie theater for some affordable entertainment on a student budget. If you are looking for action, you just few minutes away from Waikiki or if you need a little quiet time, Alla Moana beach always does the trick. It's safe, has a snack stand, lifeguard, bathrooms and is not filled with tourist. Great for relaxing under the Hawaiian Sun. Amenities : BBQ; Community Laundry; Heated Pool; Recreation Area; Resident Manager; Security Guard; Trash Chute

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Downtown condos aim to please new buyers and empty nesters

Buyers say two new developments will help ease their commute to work and activities

Article URL: http://starbulletin.com/2007/07/05/business/story01.html
© 1996-2007 The Honolulu Star-Bulletin

From first-time buyers to empty nesters, Capitol Place has managed to capitalize on its marketing message -- a short commute to downtown Honolulu.

In the end, it's not so much the dog park, the fitness center, yoga studio or the theater, but the proximity to downtown Honolulu that became the main selling point for the 39-story condominium being built by PMK Development LLC.

Capitol Place is one of two new residential condominiums under construction across Beretania Street from each other in downtown Honolulu.

Across the street, the Pinnacle of Honolulu has focused on the high end of the market for its slim 36-story luxury tower, which advertises concierge services and a personal doorman to greet residents at the entrance.

It is marketing itself as "a new take on the urban chic lifestyle," with tropical accents.

The Pinnacle, by California-based developer Caribou Industries, has attracted buyers from the mainland as well as Japan. So far, about a dozen buyers have bought entire floors at the project, which was offering a total of 50 units, all half-floors. Of the 13 units unsold this week, the least expensive was priced at $885,500.

At 394-unit Capitol Place, developers estimate about 52 percent of the buyers are owner occupants, 42 percent investors, and six percent second-home owners. About 40 units remain -- mostly two- and three-bedrooms starting at $540,970.

Buyers span the age spectrum, from their early 20s to late 70s, and cite a number of different reasons for buying at Capitol Place, not all of it necessarily the short commute.

Downtown Honolulu's emerging arts district has become an amenity for both developers, who have marketed it as much as their projects.

Capitol Place cites historic landmarks like Iolani Palace, the state Capitol, and the Hawaii Start Art Museum in its brochure, as well as the Aloha Tower and Pacific Club, which it says is where island society gathers to relax and conduct business.

PMK Development pulled out all the marketing stops, from sleek brochures to a bronze Labrador retriever posted outside of the downtown Honolulu sales office and a high-tech Web site that allows buyers to place furniture pieces within a chosen floor plan.

Though the developers are promoting a contemporary urban lifestyle, Honolulu isn't exactly New York City, Miami or San Francisco. During the weekday, most places still shut down at around 5 p.m. after the business community has gone home.

But the First Friday gallery art walk, now in its fourth year, has cultivated new life in the neighborhood, bringing in new shops and eateries and a little bit of nightlife.

Capitol Place was topped off in late June, with an expected completion date of May 2008.

Despite the fact that Oahu is a small island , there are many diverse neighborhoods to consider each offer a unique blend of advantages.  Oahu Home price appreciation will fluctuate by area of the island, If you want to buy or sell home or condominium in Downtown Honolulu or any other area contact us @ 808-224-7274 elena.roud@pruhawaii.com

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