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Real estate development firm Irongate has broken ground on the second tower of The Ritz-Carlton Residences, Waikiki Beach, and launched the final phase of sales at the luxury residential community.
The development is approaching 90 percent sold since it hit the market in the summer of 2013. The final phase is now selling and includes a collection of studio, one-, two- and three-bedroom residences priced from $949,800 to $3.5 million as well as a handful of one-of-a-kind- penthouse estates priced from $6.75 to $25 million. Available residences range in size from 500 to 5,100-square-feet.
The second tower, known as the East Tower, is being built alongside the West Tower, which broke ground in September 2013, and reached 25 of its 38 floors this week. Completion for the West Tower is slated for the spring of 2016 followed by the East Tower in 2017. The two towers will connect at the base with a seven-story parking and amenity podium, which when completed, will become a Waikiki destination and resort terrace.
The Residences’ luxury amenities will include a resort terrace with two ocean-view pools, a fitness center, a full-service spa, an entertainment lounge and The Ritz Kids lounge. Three dining opportunities will include Dean & Deluca, BLT Market and Sushi Sho, as well as a pool-side grill and locally-owned produce and grocery market.
