Pacifica, Formerly Moana Vista, Set to Restart Sales

by James L. Magin, Pacific Business News
Sales for a Kakaako condominium project that stalled last year are set to resume next month as the new
owner gets ready to restart construction.
The sales office for Pacifica, formerly known as Moana Vista, will open Jan. 15 in the ground floor of the
Honolulu Design Center, a few blocks up from the project on Kapiolani Boulevard.
San Diego-based developer OliverMcMillan plans to give the first opportunity to buy to the 175 original
buyers who had their purchase contracts canceled by the project’s original developer, KC Rainbow II, in September.
OliverMcMillan picked up the half-finished project earlier this year after buying a $29.5 million lien that had been filed by Hawaiian Dredging Construction Co., and acquired the interest owned by KC Rainbow II.
The developer plans to spend a total of $150 million to finish the 46-story building and redesign its exterior, unit mix, layout and ground-floor retail space to give it a higher-end feel. There will also be an additional 4,000 square feet of amenities on a fifth-floor recreation deck.
The company has formed a unit called OliverMcMillan Pacific Rim to focus on future development projects in Hawaii, and has named Dan Nishikawa group president of the new entity.
Author Contact Info: James L. Magin, Pacific Business News