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Potential Buyers Camp Out For Deals

Pacifica Honolulu Condos Go On Sale

POSTED: 7:23 am HST February 6, 2010
UPDATED: 8:09 am HST February 6, 2010

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A winding tunnel of potential buyers is nestled in the garage of the Honolulu Design Center on Kapiolani Boulevard.

The buyers camped out until Saturday morning, when the units at the Pacifica Honolulu go on sale. Well, most of them.

"I don't know about sleeping over. I might leave my husband here and go home," said Deedee Takushi.

Larry Ignas was there all by himself. He took shifts with the help of his family.

"I think it will be a really good investment," said Ignas. "The area is picking up and I think the building is going to be better than I think it was before."

Last fall, developer Oliver McMillan purchased the Moana Vista high-rise after construction on the project halted.

Under its new name, the condos are showing off an entirely upgraded look.

Future homeowner Kalle Suzuki showed off a new fitness pool area and party pavilion.

"We've upgraded our units. We've added a beautiful retail Pasade on Kapiolani," Suzuki said.

The purchasing cost is higher than the Moana Vista prices but the developer said investors who bought into Moana Vista are returning.

"We actually returned their money and we said that we would bring them back in and be the first buyers for the project out of the 143 people we have close to a 100 contracts," said Dan Nishikawa, president of Oliver McMillan.

Condo prices start at $385,000 but the developer said 124 units are for sale with more moderate price tags.

"We have reserved housing units, workforce housing units. Those prices will be mandated or restricted," Nishikawa said.

Many ate dinner Friday night provided by the developer---it was a twist on weekend camping.

"We are eating, but mostly playing games," Suzuki said. "It's more fun than I expected. It's kind of crazy."

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