According to “Honolulu” magazine, “The Allure unveiled the latest multi-million dollar renovations to their luxury condo on the edge of Waikiki last night, with modern, unique touches you won’t see anywhere else in Hawaii.”

“The most stunning upgrade, which was done at the request of current residents, is the newly designed lobby area. It was previously a huge expanse of space, but so cavernous and impersonal that residents didn’t spend time there. The new “cubes” help to section off parts of the lobby to create intimate spaces for working or lounging”

Read the rest of the story and view more photos.

Acccording to KITV.com, “Honolulu’s newest residential condominium tower is almost ready to open its doors.”

“Pacifica Honolulu held an opening ceremony and blessing Tuesday and residents will soon get their keys to move in.”

“The finishing touches are still being put on Pacifica Honolulu just days before the first residents move in.”

“Those residents include over 120 first time home buyers who were able to get units at reduced rates because they qualified for affordable housing. Others bought at prices starting at $445,000 for a one-bedroom unit. Now all but 19 of the 489 condos have been sold.”

“That is quite a change from two years ago, when the condo project stalled. It looked like it was headed for foreclosure after the housing boom went bust and home buyers backed out.”

Read the rest of the story, “Honolulu’s Newest High Rise Condo Tower Opens”.

Prices are continuing to be lowered or adjusted to help sell the remaing unsold condos at Allure Waikiki.  Here are current prices:

We currently have listied a brand new, never used condo for sale in Allure Waikiki, #2806, that is priced to compete with the prices shown above.

View Details for Allure Waikiki #2806

Description:Allure Waikiki is perfectly located just minutes from Waikiki Beach, Ala Wai Boat Harbor, the Convention Center and the main Waikiki shopping and entertainment corridor. Sitting on 2.3 acres at the site occupies 2.3 acres at the corner of Kalakaua Avenue and Ena Road in West Waikiiki. The development consists of approximately 423 feet along Kalakaua Avenue, the main thoroughfare for the resort area of Waikiki in the City of Honolulu.Units reflect high end appointments juxtaposed with classic Hawaiian architecture.

Amenities include a 19.500 square foot recreation deck on the sixth floor with an infinity-edge pool, outdoor spa and deck area, state of the art fitness center and a Club room with a fully appointed kitchen that opens to a landscaped recreation terrace, complete with Hawaiian gardens and open air barbeques.For more information on Trump Allure Waikiki, visit www.allure-waikiki.com.

Building Details:

Land Tenure: Fee Simple.

Security: 24-hour private entry system.

Parking: All parking is assigned and covered.

Pets: Permitted, but may need to verify.

Supermarkets: Food Pantry – 444 Hobron Lane, Don Quijote – 801 Kaheka Street, Foodland at Ala Moana Center.

Regional Mall: Ala Moana Center – 1450 Ala Moana Boulevard.

Comments:Approximately 9,000 square feet of proposed signature dining and upscale retail is proposed for the area adjacent to the building.

Allure Waikiki Condos – Renovations in the Works?

Although this new condo building, Allure Waikiki, located in west Waikiki was just completed a little over a year ago, after buying bought out by a private equity group, I’ve been reading “rumors” concerning planned renovations.

I say “rumored” because I have not been able to verify it through the Allure website or sales office, but have read news reports about it online.

Evidently, not only is the luxury Waikiki condo building, Allure Waikiki, going through some price restructuring, but may be planning a reported $3 million in renovations to help move the remaining 100 or more unsold condo units there.

Renovations could inlude lobby, community rooms, pool deck and the BBQ areas.

Read more information about Allure Waikik Luxury Condos.

View Configurations and Floor Plans of Allure Waikiki Condos.

View Current Listings of Allure Waikiki Condos.

Owner has never seen, used or lived in this like new condo!  She paid close to $1.8m for the unit brand new, with no discounts or credits given at purchase, and has now dropped her price from $1.7m to $1.49m. 

This is one of a few three-bedroom, view condos, located in one of only three new buildings in Waikiki.  Don’t miss taking a look at this gem!

What a gorgeous building & fabulous condo home! Never lived in. Beautiful views of mountains, town & Ala Wai Canal. Large, open gourmet kitchen complete with all Viking appliances, walk-in pantry & desk area. Floor to ceiling windows, 2 lanais, views from all bedrooms plus a large recreation deck with pool, spa, fitness facility & more. Make all offers.

Basic Features:

Acres: 2.3
Region: Metro
City Name: Honolulu
County Name:
Neighborhood: WAIKIKI
Schools: Ala Wai
State: HI
Sub Area:
Subdivision:
Type:
Zip: 96815
Bathrooms: 2
Bedrooms: 3
Partial Baths:
Square Ft: 1809
Additional Features:

Additional Rooms: Den/Study,Dining Area,Open Lanai
Amenities: BBQ,Club House,Concierge,Exercise Room,Heated Pool,Patio/Deck,Pool,Recreation Area,Resident Manager,Security Guard,Trash Chute,Whirlpool
Building Name: Allure Waikiki
Building Style: High-Rise 7+ Stories
Floor Covering: Ceramic Tile,Hardwood,W/W Carpet
Furnished: N
Interior Living Area: 1633
Land Area: 99678
Maintenance Fee Includes: Cable TV,Internet Service,Other Common Expenses,Sewer,Water
Monthly Maintenance Fee: 1038
Parking Spaces: 2
Parking: Assigned,Covered2,Garage,Guest,SecuredEnt
Prop Condition: Excellent
Security: Card,Key,Keyed Elevator,Security Patrol,Video
Property Type: Condo
Unit Features: ADA Compliant,Bedroom on 1st Level,Central AC,Even# Unit,Full Bath on 1st Floor,Single Level
View: City,Marina/Canal,Mountain
Year Built: 2009
Land Tenure: Fee Simple

View further details and more photos of Allure Waikiki #2806.

Here are the latest statistics for sales in Allure Waikiki Condo Building located in west Waikiki of Honolulu.

These are sales since for the last six months, and according to the listing agent or listing office who posted all four sales, it was entered as “reporting for statistical purpose only“.

Number of Units Sold:  4

Price Range:  $582,012 to $867,797

Average List Price:  $1,066,105

Average Selling Price:  $775,666

Percent of Asking Price:  73%

Average Cost per Square Foot:  $752.34

Average Days on the Market Before Sold:  N.A.

View Current Allure Waikiki Condos for sale at www.HNLCondos.com.  

View Details about Allure Waikiki Condos, including floor plans and more photos.

A few months ago I wrote a blog article, “Allure Waikiki: Bought by Private Equity Firms” about a Pivate Equity Firm buying out the remaining unsold units in Allure Waikiki in November 2010.

That company is known as ST Residential, a world class asset management company led by Greenwich, CT-based Starwood Capital Group (NYSE:STWD – News) and private-equity firm TPG of Fort Worth, TX, along with WLR LeFrak and Perry Capital.

To learn more about ths management company, please read more of the story on Yahoo Finance, “ST Residential Assumes Ownership of Allure Waikiki“.

Just last November the remaining unsold units in Allure Waikiki, located in west Waikiki and completed nearly a year ago, was bought out by a Private Equity Group.

Since then, I’ve had clients tell me that the sales office is verbally offering steep discounts, however no one knows for certain just what the contract selling prices are and what kind of discounts are available, if any.

I’ve been told that they will be publishing a new price list soon.  Please view the Allure Waikiki Price List, dated October 11, 2010.

As soon as we obtain a revised, new price list, we’ll be sure and include it in our blog.

View details regarding the Allure Waikiki building, amenities, configurations floorplans.

View current listings of resale condos in Allure Waikiki.