HONOLULU--(BUSINESS WIRE)--Dec. 9, 2011--
Waihonua at Kewalo, A&B’s newest high rise residential condominium
project, will begin sales tomorrow, Saturday, December 10, 2011, at its
sales gallery located at 1311 Kapi‘olani Boulevard, Suite 104 (on the
corner of Kapi‘olani Boulevard and Pi‘ikoi Street). The gallery will be
open seven days a week from 10 a.m. to 5 p.m., staffed by the project’s
exclusive broker, Heyer & Associates, to assist all interested buyers.
The owner occupant notice was published in the Honolulu
Star-Advertiser today. For more information: www.waihonua.com.
Waihonua at Kewalo is being developed by Kewalo Development LLC, a
subsidiary of A&B Properties, Inc.
Waihonua at Kewalo is situated on Waimanu Street between Ala Moana
Shopping Center and the Ward Centers. The 43-story residential tower
will consist of 345 one to three bedroom residences, and will offer
seven penthouse residences on the top floor. Fee-simple prices will
begin at $400,000 for one bedroom/one bath, $565,000 for two bedroom/two
bath, and $720,000 for three-bedroom/two bath residences.
The design of the tower allows for views of the ocean, mountains and the
city. Kewalo Development worked with Hawaii-based architect Design
Partners, Inc., and its architectural consultant, Pappageorge Haymes of
Chicago. Designed with energy-efficiency in mind, the building will
include LED lighting, insulated low-e window and lanai door panels, and
efficient hot water heating and cooling components. Amenities at
Waihonua at Kewalo will include a fitness center, recreation deck
including pool, spa and cabanas with barbeques, and a private movie
theatre. Both the architects and interior designer Philpotts &
Associates developed forms, textures and colors that were inspired by
the name “Waihonua” which means “waters of the earth.”
Waihonua will be the final high-rise condominium in Honolulu’s premiere
residential high-rise neighborhood block, which includes Hokua,
Ko‘olani, Nauru Tower, Hawa‘iki, and 1350 Ala Moana. The proximity to
shopping, dining, recreation, transportation, and a complete array of
services makes Waihonua an excellent choice for urban living.
About A&B Properties: A&B Properties is Hawaii's fourth largest private
landowner, holding over 88,000 acres primarily on the islands of Maui
and Kauai. A&B Properties' diverse real estate holdings include
development projects on Maui, Kauai, Oahu and the Big Island of Hawaii
and in California, and a commercial property/investment portfolio
comprising 7.9 million square feet of retail, office and industrial
space located in Hawaii (20 properties) and eight mainland states (24
properties). Additional information may be found at A&B Properties' web
Alexander & Baldwin, Inc. is headquartered in Honolulu, Hawaii and is
engaged in ocean transportation and logistics services through its
subsidiaries, Matson Navigation Company, Inc. and Matson
Logistics, Inc.; in real estate through A&B Properties, Inc.; and in
agribusiness through Hawaiian Commercial & Sugar Company. Additional
information about A&B may be found at its web site: www.alexanderbaldwin.com.
Statements in this press release that are not historical facts are
“forward-looking statements,” within the meaning of the Private
Securities Litigation Reform Act of 1995, that involve a number of risks
and uncertainties that could cause actual results to differ materially
from those contemplated by the relevant forward-looking statement. These
forward-looking statements are not guarantees of future performance.
This release should be read in conjunction with our Annual Report on
Form 10-K and our other filings with the SEC through the date of this
release, which identify important factors that could affect the
forward-looking statements in this release. We do not undertake any
obligation to update our forward-looking statements.
Source: Alexander & Baldwin, Inc.
Alexander & Baldwin, Inc.
Meredith J. Ching, 808-525-6669
P. Hollinger, 808-525-8422 (Investor Relations)