Waikiki has been selected as the site for The Ritz-Carlton Residences, Waikiki Beach // © 2012 PACREP, LLC
The Ritz-Carlton Residences, Waikiki Beach
Waikiki has been selected as the site for The Ritz-Carlton Residences, Waikiki Beach, the first new luxury condominium property to be built in the Oahu destination since 2009.
The luxury tower will have condominiums ranging from 400 to over 3,000 square feet. Amenities will include resort pools, a spa, a fitness center, owners’ lounge and storage, cafe and restaurant, as well as a soon-to-be-announced gourmet food market and world-renowned sushi chef.
The Residences will offer owners and guests access to the luxuries and services for which The Ritz-Carlton chain is known. The property will be located next to Luxury Row, home of such retailers as Tiffany, Chanel, Yves St Laurent and Gucci.
“Tourism is the engine that drives Hawaii’s economy and Waikiki represents more cylinders in that engine than any other place in the state,” said Rick Egged, president of the Waikiki Improvement Association. “To have a new luxury property of this stature rising in Waikiki at this time is a very positive sign for tourism and lodging in the (Hawaiian) islands.”
S & P Real Estate Corp. will market the real estate for The Residences.