July 24, 2015
OliverMcmillan's Symphony Honolulu High-Rise Condo 90 Percent Sold
Pacific Business News
San Diego-based developer OliverMcMillan, which began construction on its Symphony Honolulu luxury condominium project in late 2013, has sold 90 percent of the units in this project, which is expected to be completed in less than a year, the firm’s CEO said this week.
The project, being developed on 3.35 acres at 888 Kapiolani Blvd. across from the Blaisdell Center, includes 388 units in a 45-story tower, with commercial space on lower floors, including an automobile showroom for JN Automotive Group.
Dene Oliver, CEO of OliverMcMillan, the keynote speaker of the International Council of Shopping Centers Hawaii event in Waikiki, said that he plans to own and live in a unit at Symphony Honolulu. He also has lived in a unit at another OliverMcMillian project, Pacifica condominium in Honolulu.
The firm has recently opened a Hawaii regional office in Downtown Honolulu at Bishop Square’s Pauahi Tower.
It also has offices in Atlanta, Houston and a showroom in New York.
Alan Ong, former chief operating officer of Hunt Development Group’s Hawaii Division, has recently joined OliverMcMillan as its regional manager of its Hawaii operations.
When asked by PBN about new projects the firm is working on, Ong declined to specify.
The developer, through its former Hawaii regional manager, previously told PBN that it is eyeing several other projects in Hawaii.
OliverMcMillan has been chosen to develop a nearly 27-acre parcel in Kapolei in West Oahu into a 400-unit mixed-use residential project.
Ong, who was in attendance at the ICSC event, told PBN that it is working on the planning and design of this project.
Link to the original article here