A Rare Testament to the American Gilded Age Comes on the Market

521 Park Avenue Combines Neoclassical Grandeur with State-of-the-Art Luxury Amenities Available at US$23,500,000

Located on Manhattan’s renowned Park Avenue, this full-floor apartment represents a rare and distinct example of America's Gilded Age. Designed by William A. Boring (1859-1937) and completed in 1911, 521 Park Avenue is the only surviving Park Avenue apartment building designed by this prominent early 20th century architect.

Boring brought to his work influences from his time spent in Paris in the 1880’s where he studied at the Ecole des Beaux Arts. Returning to New York, William Boring worked with Edward Lippincott Tilton at McKim Mead and White before they became business partners. Together they are best known for designing the Immigration Station at Ellis Island in 1897 (on The National Register of Historic Places) which won several international design awards, including the gold medal at the Paris Exposition (1900). Boring taught at Columbia University School of Architecture and was appointed dean. He was a founder and president of the Society of Beaux Arts Architects and a founder and treasurer of the American Academy in Rome.

521 Park Avenue was built at a time when the explosive growth in technology urged individuals to develop structures to their highest and optimum purpose. The grand proportions and classic styling of 1911 have been retained and admired in this residence for the past century. James Trager, author of “Park Avenue, Street of Dreams” (Atheneum, 1990) describes 521 Park Avenue as “the first of the high-class apartments to be built on Park Avenue”.

The four-bedroom en suite residence which spans 4,500 square feet and offers 80 feet of frontage overlooking the Avenue has been recently restored by Michael Pierce and DD Allen, famous New York interior designers based at the long established Pierce Allen decorating firm. The renovation fully complies with today’s modernity whilst retaining its neoclassical charm and unique character. High ceilings, imposing marble fireplaces, wood-paneled rooms with mahogany doors set the tone for the stately interiors of this property which features the finest fittings completed by master craftsmanship.

The property is accessed directly from the elevator which opens up to a private landing leading to a limestone-paneled 35-foot gallery with marble flooring, offering further access to the bedroom wing and the rest of the residence.

The bedroom wing consists of three bedrooms and three bathrooms with the south-west facing master bedroom further adjoining a dressing room, and a home-gym. The apartment’s focal feature is its spectacular walnut-paneled game room, or billiards room, off the living room while the property’s spacious kitchen is fully paneled with limestone floors, equipped with the highest-end appliances, including a La Cornue Chateau stove and oven, a Sub-Zero refrigerator and freezer, and a wine cooler with a 100-bottle capacity. Other rooms include a marble-floored powder room and a home office or staff room with en suite bath.

“A unique opportunity to live regally, instantly in a museum-quality renovation that captures the timeless grandeur and classic style of Park Avenue’s Gilded Age,” says listing agent Kathy Sloane of Brown Harris Stevens Residential Sales.

The property’s high specifications are evident throughout with under floor heating, closed-circuit security on the entrance, wired for Wi-Fi and television throughout the apartment. All windows are sound proofed, whilst constant ventilation is guaranteed through six zones or air-conditioning and humidification  with condensers which have been placed on the roof of the building. The apartment is also available for sale semi-furnished for an additional price on top of the current asking price of US$23.5 million.

Waterfront Estate is Largest Bay Front Sale on Sarasota's Siesta Key This Year

SARASOTA, Florida—A waterfront estate at 8347 Midnight Pass Road has become this year’s highest selling bay front property on Siesta Key. The elegant four-bedroom home features panoramic views of the bay and sold for US$4.075 million on November 13th. It was listed by the Addy & Wittig Team of the Longboat Key South office of Michael Saunders & Company.

It was only on the market for 56 days before being bound to contract; and officially closed 56 days later. The property was sold by Lindsay Bucknell.

The Addy & Wittig Team consists of Gail Wittig and Ian Addy and is regularly ranked among the leading Realtors in the Sarasota-Manatee market. They have garnered numerous industry awards and accolades over the years, including the distinction of being perennially ranked as the top-producing team from the Longboat Key office of Michael Saunders & Company, including in 2010 and 2011.

Michael Saunders & Company is the Christie's International Real Estate exclusive Affiliate in Sarasota, Florida. 

Kahana Grill open at Kahana Gateway

KAHANA - Kahana Grill is now open for dinner and cocktails seven days a week from 5 to 10 p.m. The restaurant is located in the Kahana Gateway center at the former Roy's location.

The menu is "a culmination of world cuisine with island attitude." The service and dishes are sophisticated, yet presented in a comforting, casual environment.

Staff can guide diners through the menu, recommending small plates to share or dishes with pairings. Some house favorites include Kahana Grill Baby Back Ribs with house-made tamarillo glaze and cucumber namasu, Bowl of Shells & Lap Xuong Sausage, Kula mixed greens, gourmet pizzas from the restaurant's brick oven, sushi by Chef Gregory Tanihara and house-made desserts.

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Nobu Matsuhisa to open restaurant on Lanai

November 22, 2012

The Maui News

His first Big Apple restaurant propelled him to fame. These days, Nobuyuki "Nobu" Matsuhisa reportedly has 25 restaurants in 21 cities around the world, including one on Oahu, Nobu Waikiki, and one in Malibu, Calif., with partner and Oracle CEO Larry Ellison, who recently bought Lanai. Robert DeNiro and he will also partner in the world's first chef hotel at Caesar's Palace in Las Vegas.

Now, Four Seasons Resort Lanai at Manele Bay, in partnership with Chef "Nobu" announces the target date for the opening of Nobu Lanai for sometime in late December.

"As a leader in innovative Japanese cuisine, world-renowned Chef Nobu has revolutionized the dining experience for epicureans and travelers alike," says Tom Roelens, the general manager of Four Seasons Resorts Lanai.

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Sheraton Maui Resort & Spa to celebrate 50 years

November 29, 2012
Lahaina News


KAANAPALI - The Sheraton Maui Resort & Spa at Black Rock in Kaanapali will celebrate its 50th anniversary in 2013.

The resort's opening in 1963 was the event that put Kaanapali on the map, welcoming high-profile guests such as legendary singer and actor Bing Crosby, golfing great Sam Snead and former California Governor Pat Brown.

Through the years, generations of families from around the world have shared wonderful vacation memories at the resort and spa located at Pu'u Keka'a, or Black Rock.

Today, families continue to enjoy the rich history and cultural activities the resort offers, such as the nightly Cliff Dive Ceremony - a tradition dating back to the days of Hawaiian royalty and Chief Kahekili.

Although it is Kaanapali's oldest resort, the Sheraton Maui Resort & Spa is also one of its newest, since it was closed from 1995-97 for a complete $160 million redevelopment.

January 2013 marks the kickoff of a yearlong celebration of the resort's Golden Anniversary, which starts with an anniversary luau on Jan. 25.

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Christie's International Real Estate Strengthens Position in the Nordic Countries with a New Affiliate in Norway

Regent Eiendomsmegling AS Joins Leading International Network of Real Estate Brokers Specializing in the Sales of High Value Properties

Oslo, Norway—Christie’s International Real Estate, the world’s leading luxury real estate network, has awarded Affiliate status to Regent Eiendomsmegling AS in Oslo, Norway. Regent Eiendomsmegling AS will exclusively represent the Christie’s brand in the top spectrum of the residential property market in Norway, including Oslo, Bærum, Bergen, and Stavanger.

Wholly owned by Christie’s, the world’s leading art business, Christie’s International Real Estate is represented in more than 40 countries. Regent Eiendomsmegling AS joins this carefully selected organization of brokerages with proven records of success in both high-end property sales and exemplary client service.

Joachim Wrang-Widén, Director of Affiliate Services for Europe, Middle East, and Africa says, “We commenced our entry into the Nordic real estate markets by affiliating with Residence Fastighetsmäkleri in Sweden some three years ago and today we are delighted to welcome our second Affiliate in the Nordic countries, Regent Eiendomsmegling AS. The Norwegian real estate market has experienced value growth and there is a large volume of high-value real estate transacted on a regular basis.  We believe that there is a growing international interest in buying Norwegian real estate as many luxurious properties are comparatively well-priced in an international context.”

“As a company and network we can provide private buyers and sellers with an additional service package as well as a global platform for transacting high-quality real estate.  Many Norwegians own or would like to own real estate outside Norway and we can, as a global network, provide coverage through over 130 affiliates in over 40 countries globally. This new affiliation highlights our joined effort in assisting Norwegians to transact luxury residential real estate internationally. Regent, a startup company, now has some 32,700 brokerage colleagues around the world – all specialists in luxury residential real estate – positioning the properties offered for sale in a global context and reaching those buyers that at present the indigenous local real estate community have difficulty accessing,” he adds.

Regent Eiendomsmegling AS will open their first office in a strategic location in Frogner, Oslo West Side. “Our affiliation with Christie’s International Real Estate adds a global stamp of distinction on the luxury home market in Norway,” says Øyvind Olstad, founder of Regent Eiendomsmegling AS. “We anticipate that this partnership will satisfy the lifestyle requirements of a discerning clientele both for international buyers looking for great investments in Norway as well as for Norwegians seeking fine luxury properties abroad.”

“Germans, Swedish, Danish, and Russians have always been fond of Norwegian luxury properties. The luxury market segment priced between $USD 1-3 million has been very active lately with prices increasing by 10% from 2010 to 2011 and by 7% between 2011 and 2012, and prices are expected to further increase by 30% from 2011 to 2015,” he adds.

Norway, like Switzerland, isn’t a member of the European Union; its economy has been growing strong and makes up one of the world’s largest oil exporters. The government has no net debt and the biggest budget surplus of any AAA-rated nation thanks to a $600 billion sovereign-wealth fund. It has managed to avoid much of Europe’s sovereign-debt crisis with the government announcing in March 2012 that unemployment fell down to 2.7%. Norway’s wealth has attracted investors to its currency market, sending the krone to a continuous high and limiting the central bank’s scope to raise interest rates.

With a relatively small population (compared to the country’s size), Norway is a rich country not just in wealth but also in natural beauty with its extensive coastline, famous fjords, and numerous national parks.

About Regent Eiendomsmegling AS

Managed by Øyvind Olstad, Regent Eiendomsmegling AS will specialize in high-end real estate in Norway, including Oslo, Bærum, Bergen, and Stavanger with a highly selective range of properties, in  some of the most sought-after places of the regions. With a professional track-record of nearly twenty years, Øyvind has been providing expert advisory service and has achieved optimum transactions through high-value residential real estate.

www.regenteiendom.no

A Pavilion Style House on the Shores of Lough Derg, County Tipperary, Ireland

Slevyre is Available for Sale by Exclusive Affiliate in Ireland, Sherry Fitzgerald

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A lakeside paradise is offered for sale by the Christie's International Real Estate exclusive affiliate in Ireland, Sherry Fitzgerald. Set in approximately 50 acres/20 hectares, within mature parkland and woods, the pavilion style house of Slevyre, commissioned by its current owners, is elegant and easily managed. The house is 284 square meters/3,063 square feet and enjoys a tranquil setting with extensive lake frontage, a walled garden, and woodland walks along the lakeshore.

The architect-designed house has the considerable distinction of being one of only two contemporary residences to appear in Burke’s Guide to Country Houses, while the gardens surrounding the house are featured in George and Bowe’s book, The Gardens of Ireland.

Perfect for both relaxed living and entertaining, Slevyre offers ample space for visiting family and guests. With its high ceilings and tall sash windows, the house is light and airy and many of the rooms feature decorative ceiling plasterwork and cornicing as well as polished timber flooring. Fine reclaimed Georgian doors feature in the dining and drawing rooms with a magnificent Georgian chimneypiece taking center stage in the latter. There are four generous bedrooms, three with en suite bathrooms, and the option to create a fifth bedroom.

Lough Derg, fed by the Shannon, is aptly known as ‘Ireland’s Pleasure Lake’ and is bordered by not only rugged Tipperary countryside but by that of Clare and Galway. It is a haven for waterfowl and famous for its fishing and sailing as well windsurfing and waterskiing. A number of excellent golf courses are within easy distance and there is hunting with the North Tipperary, Ormond or Galway Blazers packs. The Lough Derg Cycleway travels 120 kilometers around the lake.

The attractive village of Terryglass, just a mile or so from the house, is home to two pubs, both of which are as well known by locals as by Dubliners for their warm hospitality, good pints of Guinness, and locally sourced fare.

While Slevyre and Terryglass seem to be a world away from the hustle and bustle of urban living, they are just an hour from Shannon Airport, which offers direct flights to much of mainland Europe as well as to the US. Dublin and Cork Airports are also within easy reach at just over two hours. The local towns of Borrisokane and Portumna are close and the county towns of Nenagh and Birr within easy driving distance. 

Maui Malls Controversy - County urges no testimony at malls proceedings

October 27, 2012
By NANEA KALANI - Staff Writer (nkalani@mauinews.com) , The Maui News

Attorneys for Maui County have asked the state Land Use Commission to consider excluding public testimony at next week's proceedings to determine if the landowner planning a pair of large shopping centers in Kihei has violated land-use conditions imposed on the property.

The county - which is a party in the case - argues in its request that the Land Use Commission already heard extensive public testimony at an August hearing in Lahaina. It says allowing more repetitive testimony will delay the process.

Opponents of the controversial project argue that the public has never had an opportunity to weigh in on the development since plans were changed from a light industrial park envisioned in the 1990s.

The Land Use Commission, beginning Thursday, will revisit approvals for the 88-acre lot along Piilani Highway that's subject to conditions the body imposed in 1995 when granting a land reclassification from agricultural to urban.

At the time of the change, former landowner Kaonoulu Ranch had proposed a light industrial subdivision for the site. The ranch later obtained a light industrial zoning designation from the county and the area was classified as light industrial in the county's Kihei-Makena community plan that took effect in 1998.

Since then, Eclipse Development Group has proposed building the Maui Outlets and Piilani Promenade shopping centers on part of the site. On another piece, Honua'ula Partners wants to build 250 affordable housing units tied to its master-planned luxury golf community of the same name above Wailea.

Neither developers of the planned retail centers nor the affordable housing project have formally petitioned the Land Use Commission to proceed with their projects.

Attorneys for Eclipse have said commercial uses were always part of the plans for the site, and that the previously proposed industrial park was conceptual at the time.

A challenge from community groups South Maui Citizens for Responsible Growth and Maui Tomorrow Foundation and Kihei resident Daniel Kanahele prompted the Land Use Commission to revisit the site's approvals.

The August hearing in Lahaina focused on whether or not the commission should hold an order to show cause, which was granted and is scheduled to begin 9:30 a.m. Thursday at the Courtyard by Marriott - Maui Airport hotel in Kahului.

The landowners will have to "show cause" as to why the property should not revert to its former land use classification or be changed to a more appropriate classification.

The county's motion to exclude public testimony is scheduled to be considered first Thursday morning.

"The Land Use Commission heard extensive public testimony at the hearing on Aug. 24, in which a broad spectrum of views were expressed by public witnesses," county attorneys wrote in support of the motion. "Over the course of several hours, public witnesses gave testimony in favor of, and against, the proposed shopping mall and affordable housing project at issue in this proceeding. . . . Allowing the same public witnesses to testify again, or allowing testimony from new witnesses reiterating points made by previous witnesses, would be unduly repetitious."

Fourteen people signed up to testify at that August meeting, according to Land Use Commission Chief Clerk Riley Hakoda.

The county's motion also argues that an order to show cause proceeding is judicial in nature and, therefore, exempt from the provisions of the state's Sunshine Law, or open meetings law.

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Christie’s International Real Estate Announces Partnership with Art Miami

World’s leading luxury real estate network introduced as “Official Real Estate Partner” for 2012 Art Miami & CONTEXT Art Miami Fairs

NEW YORK, NEW YORK (October 17, 2012) – Christie’s International Real Estate, the world’s leading luxury real estate network, and Art Miami, Miami’s original and longest-running contemporary art fair, today announced that Christie’s International Real Estate will serve as the "Official Luxury Real Estate Partner" for Art Miami, taking place December 4 through 9 in South Florida during what is known as Art Week. The sponsorship extends to Art Miami’s new sister event, CONTEXT Art Miami, an emerging and cutting-edge contemporary art fair that will be adjacent to the Art Miami Pavilion.

Thousands of collectors, dealers, curators, and artists worldwide will converge in Miami to participate in the 23rd annual and globally acclaimed event. With the combination of Art Miami's and CONTEXT's exhibiting galleries, the city’s trendy Wynwood Arts District will be transformed into a thriving international destination, featuring 190 galleries from 21 countries within 250,000 square feet of curated indoor and outdoor exhibition space. The outdoor entertainment area connecting the two fairs will include a café and bar, performance stage and curated projects.

Throughout the duration of the fair, Christie’s International Real Estate will host a booth to showcase luxury residential real estate offerings, affording Art Miami visitors an appreciation of the global scope of the spectacular homes represented by its network of Affiliates. On display will be properties from the 127 brokerages from across the globe, which comprise the Christie’s International Real Estate network. Nine firms from the network are co-sponsors and will be on site during the weeklong event. They are:

• Esslinger-Wooten-Maxwell Realtors in Miami
• Premier Estate Properties in Boca Raton
• Michael Saunders & Company in Sarasota
• Hilton & Hyland Real Estate in Beverly Hills
• Pacific Union International in San Francisco
• Sibarth Real Estate in Saint Barthélemy
• Landscope-Christie’s International Real Estate in Hong Kong
• Illustrated Properties Real Estate in North Palm Beach
• Joshua & Co. in Aspen 

Art Miami and CONTEXT are held in custom designed state-of-the-art pavilions in Midtown Miami, within the evolving Wynwood Arts District of Miami. The Fairs will collectively showcase the best in emerging, cutting-edge, contemporary and modern art. This includes paintings, drawings, sculpture, photography, video, new media, and prints from Europe, Asia, Latin America, India, the Middle East, and the United States, in addition to numerous specially curated exhibitions.

“The Christie’s brand is an iconic symbol in the world of fine art,” added Nick Korniloff, Director and Partner of Art Miami. “Our clients have many commonalities. These individuals are not only accustomed to traveling abroad in search of quality works of contemporary art, but often own multiple homes in luxury destinations. It is truly an ideal relationship.”

Dubbed by many as the new contemporary art capital of the world, Miami’s evolution as an international center of the arts has mirrored the city’s growth as a true global destination. A recent report noted that Miami International Airport had more international flights than any other airport in the nation. Miami is home to more than 1,400 multinational corporations with regional operations throughout the city. 

“Ours is the only real estate network owned by a fine art auction house,” says Bonnie Stone Sellers, Chief Executive Officer. “Connecting fine art with luxury real estate is at the core of the distinct synergy we offer our clientele and our Affiliates worldwide. We look forward to participating in this renowned and internationally celebrated event and introducing to Art Miami’s audience the highest levels of client service and luxury expertise in residential real estate that our name represents.”

About Christie’s International Real EstateChristie’s International Real Estate is an invitation-only Affiliate network composed of the world’s most proven and qualified real estate specialists. The company has central hubs in London, New York, and Hong Kong; field offices in Beverly Hills, California, Chicago, Illinois, and Palm Beach, Florida; and approximately 127 Affiliates in Europe and the U.K.; North, Central, and South America; and the Caribbean as well as Asia, Africa, and Oceania. The company has recently embarked on an aggressive expansion programme to identify exceptional brokerages in key markets with an aim to invite the most deserving to join our network of luxury real estate specialists. In the past six months alone, the network has added new Affiliates in Hong Kong, the United States, Europe, Africa, Canada, and the Caribbean. For additional information about Christie’s International Real Estate, please visit www.christiesrealestate.com. 

About Art MiamiMiami’s longest running contemporary art fair, Art Miami will run from December 4 through December 9, 2012. As the anchor art fair to the City of Miami, the fair will return with a compelling array of modern and contemporary artwork from over 120 international galleries. Art Miami will be held in a state-of-the-art 125,000-square-foot pavilion in Miami’s burgeoning Wynwood Arts District. Art Miami’s highly anticipated Opening Night VIP Preview, on Tuesday, December 4, 2012, will benefit the Miami Art Museum. (www.art-miami.com). 

About CONTEXT Art MiamiMiami’s newest emerging and cutting-edge living artist contemporary art fair will coincide with the 23rd edition of Art Miami. Trendsetting galleries from around the globe will exhibit in a state-of-the-art 45,000-square-foot pavilion directly adjacent to Art Miami. CONTEXT will feature a curated group of 65 galleries representing exceptional emerging and mid-career artists, including solo artist installations, immersive environments, curated projects, and multimedia exhibits. CONTEXT’s highly anticipated Opening Night VIP Preview, on Tuesday, December 4, 2012, will benefit the Miami Art Museum. (www.contextartmiami.com)

Ritz-Carlton, Kapalua to celebrate 20th anniversary

Ritz-Carlton, Kapalua to celebrate 20th anniversary
October 11, 2012
Lahaina News

KAPALUA - To celebrate its 20th anniversary this month, The Ritz-Carlton, Kapalua will host a weekend of cultural events on Oct. 18-21.

Offered in partnership with Island Air, Troon Golf and Hawaiian105 KINE Radio, a portion of the proceeds from the weekend's events will benefit the Lahaina Complex After School Tutor Project, a nonprofit organization dedicated to providing free after school math, reading and history tutoring for West Maui students in grades 3-8.

Kicking off the weekend will be a Celebration Ho'olaule'a on Thursday, Oct. 18, in the Alaloa Lounge with a meet and greet hosted by local television and radio favorites Billy V and Bruddah Wade.

Reichel

Hawaiian105 KINE Radio will broadcast its Aloha Friday morning show live at the hotel with interviews with renowned musician Keali'i Reichel and hotel Hawaiian Cultural Advisor Clifford Nae'ole.

Guests may also experience the Aloha Friday luncheon show featuring musicians Willie K and Napua Makua.

Events on Saturday, Oct. 20, will begin with an E Ala E Ceremony. Join Nae'ole in this traditional sunrise ceremony to greet the dawn and rejuvenate your spirit.

Other activities on Saturday include the 20th Anniversary Golf Tournament (friendly competition on the scenic Bay Course), Maunalei Magic Hike Exploration (trained hike leaders will share their knowledge of Hawaii's natural and cultural history), and The Legacy Finale with live entertainment by Nuff Sedd. Mingle with local musicians and radio favorites while enjoying food and cocktail specials. Music and camaraderie will continue in the lobby bar for the after-hours fun.

On Sunday, Oct. 21, the weekend will conclude with the Fond Farewell Celebration Breakfast. Enjoy breakfast of fine cuisine at The Terrace Restaurant, which offers a full breakfast buffet with ocean views.

For additional information on this special weekend, call 665-7089. Select events require advance reservations.

In celebration of its past, present and future, the hotel is offering a "Legacy of Aloha" accommodations package through Dec. 18.

Deluxe accommodations will be offered at 20 percent off the nightly rate, including a commemorative gift and Kapalua insider's guide.

Rates for the "Legacy of Aloha" package start at $415 per night; to register, call (800) 262-8440 or visit www.ritzcarlton.com/Kapalua.

Exceptional Penthouse Triplex in Storied New York City

Exceptional Penthouse Triplex with a Storied New York City History Hits the Market for US$6,250,000

A rare opportunity has become available to own a piece of New York history—a magnificent penthouse apartment offering three floors of elegant living and cultural significance. Ideally located at 863 Park Avenue, this classic Renaissance Italian palazzo masterpiece is now offered for sale for US$6,250,000. 

Built in 1908 by Pollard & Sternman and developer William J. Taylor, 863 Park Avenue has a storied history of more than a century with musicians, artists, and high society gracing the home over the years. At the turn of the 20th-Century, New York underwent a revolution in sophistication. It was an era of change, and the wealthy began moving from their luxurious mansions downtown to seek a different style of living on the Upper East Side. The idea of the apartment house was in vogue, with talented and visionary architects experimenting with bold new designs. 

Upon completion in 1908, 863 Park Avenue became the example for upper-class apartment houses. A 12-story building, its Herculean columns, graceful Travertine marble lobby, limestone façades, and grand cornices are preserved perfectly to this day with renovations completed in 1998 to its façade and windows.

863 Park carries with it not only the provenance of its architecture, but the history of its residents as well. Purchased at construction by socialite Frances Guthrie, the three floors at the very top of the building were known around New York as the “Guthrie Apartment”, and many enjoyed the double height ceilings, expansive south-facing window, and grandly proportioned formal spaces. In the 1920s Guthrie sold to Earnest Schelling who, with society architect Mott B. Schmidt, transformed the apartment into a showplace. To remind him of his family roots in Switzerland, Schelling commissioned acclaimed American artist Allyn Cox to paint a mural in the new marble entrance gallery of the glowing shores of Lake Geneva and the snowy peaks of the Alps beyond. Schelling, a world renowned pianist and composer, believed “Beauty is a thing not of a period or style, but of the intangibles—form, texture, and color,” a concept which seems very modern today. In 1939 he married Peggy Marshall, a niece of Vincent Astor and the stepdaughter of philanthropist Brooke Astor. Mrs. Schelling later married Janos Scholz, a gifted fifth-generation cellist, art collector, and teacher. During this period, the apartment was hung with important art works now in major museums, and witnessed one of the first live television concert broadcasts from a private home.

Within its column-flanked doorway and limestone walls, many great musicians, intellectuals, patrons of the arts, and members of society enjoyed these rooms, giving them a vitality and history tangible to this day.

This exceptional penthouse triplex remains in pristine prewar condition. Its six woodburning fireplaces and wood-panelled library are ideal for quiet reflection. The dining room, decorated with hand-painted 18th-Century wallpaper, can easily accommodate 20 guests and is well served from an ample kitchen and pantry. Original architectural details, beautiful hardwood floors, and an expansive floor plan further distinguish this unique apartment. A secluded top floor offers space for work or family life while southern and western exposures on high floors provide bright natural light and unobstructed cityscape views. It is a truly remarkable property with a refined history waiting for the right buyer to make it their home.

This magnificent residence is offered for sale by Brown Harris Stevens with international marketing services provided by Christie’s International Real Estate through its Bespoke Marketing Program.

Rimontgó Property to be Featured in Ridley Scott’s Latest Movie

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Pictured above: Ridley Scott's film crew shoots at the luxurious Monte Pego villa as part of the director's latest film, The Counselor

If location, location, location is a much used phrase in the real estate business, it is equally important in the movie industry. Having announced his intention to return to Spain's Costa Blanca to film his latest project, The Counselor – featuring Cameron Diaz, Brad Pitt and Javier Bardem - director Ridley Scott was keen to find a modern, luxurious property that would be a believable residence for one of the wealthy characters. 

Bearing these criteria in mind, the location scouts approached Christie's International Real Estate exclusive Affiliate Rimontgó for some suggestions and ideas, which the company, being a specialist in top quality property, was happy to provide.

It was eventually agreed that a beautiful villa in Monte Pego represented everything that the production team was looking for. From its elevated position, this astonishing property is a masterpiece of imaginative architecture and affords excellent views of the Mediterranean. Located approximately 30 kilometres from Jávea, and featuring a 2,113 square meter build size on a 12,000 square meter plot, this nine bedroom home matches anything that could be found in Beverly Hills.

Some of the most striking features are the two enormous living spaces that lead on to the exterior throughout, a private spa that includes an indoor pool, sauna and Turkish bath and a kitchen that even a three Michelin starred chef would envy. Every bedroom includes en-suite facilities and a memorable rooftop office area, which makes the most of the extraordinary views and features a peaceful Zen garden, capable of calming the most stressed executive.

Outside swimmers in the large infinity pool will find their gaze drawn towards the Mediterranean beyond, while a Jacuzzi provides further scope for relaxation.

This unique residence will allow the purchaser to live like a movie star and interest in this Monte Pego property is likely to be keen when The Counselor hits the movie screens. The property is available for sale via Rimontgó.    

Plans call for outlet shopping center at Front Street center

Historic nature to remain intact in Lahaina remodel

September 27, 2012

By NANEA KALANI - Staff Writer (nkalani@mauinews.com) , The Maui News

Plans are under way to renovate the Lahaina Center on Front Street into Maui's first outlet shopping center by next summer.

The 10 existing buildings at 900 Front St. will be remodeled starting in November to turn the 11-acre site into The Outlets of Maui.

With a new look and national retail brands, the project's developers hope to turn around the center's historically low occupancy rate and attract more shoppers to the tail-end of Front Street.

The center, which was built in 1989, will maintain a "Lahaina-esque" feel, said Dan Jordan, principal of Honolulu Builders, the general contractor for the project.

"We don't want to change the character of the historically sensitive area," he said.

Dan Shiraki, project superintendent for Honolulu Builders, added: "We're retaining the historic nature of that complex, we're not tearing any buildings down or doing any expansions."

"We're making the buildings a little more architecturally interesting with different colors, more glass, and greening up the interior to make it more inviting," Shiraki said, noting that the existing buildings are "all rubber-stamped and monotone."

Jordan said the center is currently only 30 to 40 percent leased.

He said the existing center's anchor tenants, Hard Rock Cafe, Ruth's Chris Steak House and Hilo Hattie, will remain at the center, as well as the Warren and Annabelle's Magic Show venue. It's unclear when the other tenants will vacate.

The Florida-based agent handling leasing for the outlet center declined to discuss possible tenants.

But Shiraki said he believes the outlet center will be "similar to Waikele in its tenant mix," referring to the Waikele Premium Outlets in West Oahu, currently Hawaii's only outlet mall. Tenants there include Banana Republic, Calvin Klein, Coach, Guess, Levi's, Michael Kors, Polo Ralph Lauren and Saks Fifth Avenue Off 5th.

Shiraki said outlet stores are especially attractive to shoppers now, given the economic downturn.

"This is one appendage of Front Street that hasn't done well. A lot of tenants can't make a go of it," he said. "With the new mix of tenants - where people can get brand name stuff at outlet prices - we're hopeful that will draw shoppers in."

The remodeling plan for The Outlets of Maui was recently approved by the Maui Planning Department. Shiraki said the Lahaina Restoration Foundation was consulted on the project since it's located in a historic district, as defined by county ordinance.

Work will start with the two-story building where the former David Paul's Island Grill restaurant was located.

"The plan is to begin construction around November, and we have to do one building at a time, so every few weeks, we'll be submitting new applications for building permits," Jordan said. "It'll be a waterfall effect from there, and we hope to finish in mid-summer 2013."

He said the project will employ approximately 50 workers, including subcontractors, for about 10 months.

The property is owned by the Weinberg Foundation Inc., which also owns the neighboring Old Lahaina Center - home to Longhi's Restaurant and Foodland Super Market.

Jordan said the outlet project is being funded by The Outlets of Maui LLC, a group of local and Mainland investors, which has signed a long-term land lease for the center.

Pomare Properties - a former branch of Hilo Hattie - developed the $15 million Lahaina Center in the late 1980s, but in 1991, the company reassigned its 55-year lease interest on the property back to Weinberg, according to published reports. Pomare Ltd. does business as Hilo Hattie.

Another outlet shopping center is in the works in South Maui by Eclipse Development Group of California.

Plans there call for a 300,000-square-foot outlet center called the Maui Outlets on 30 acres. Eclipse plans to a build a second shopping center, Piilani Promenade, on a 45-acre parcel. Project officials have said retail and restaurant tenants at the centers would be new to the island.

But the timeline for opening the Kihei centers is unclear because the landowners face an ongoing legal challenge before the state Land Use Commission brought by opponents of the developments.

The commission will hold a "show cause" hearing Nov. 1 and 2, which will require the landowner to prove it has not violated conditions imposed on the property in 1995 when the LUC granted a land reclassification from agricultural to urban.

Charlie Jencks, project liaison for the Piilani centers, said the developers are hopeful work can soon move ahead on the outlet center.

"The Piilani Promenade Outlet Center continues to enjoy strong interest, and we look forward to a successful resolution of matters before the (state Land Use Commission), and continuing to serve the people Maui with the creation of a wonderful shopping experience."

* Nanea Kalani can be reached at nkalani@mauinews.com.

Gan Aden, Colorado’s 2012 Home of the Year, Hits the Market for US$10 million

Majestic Castle Pines Village Residence Fuses Modernist Architecture with Sustainable and Luxurious Lifestyle Amenities

Denver, Colorado – Gan Aden, an extraordinary custom-built 12,030 square foot residence in Denver’s Castle Pines Village, has hit the market. Listed for US$10 million, the home was named “2012 Home of the Year” by Colorado Homes & Lifestyles magazine last month and features beautifully cultivated gardens, modernist architecture, and eclectic furnishings.

Named “Gan Aden” (Hebrew for “The Garden of Eden”) by the current owners, the home was designed by Semple Brown Design architects Sarah Brown and Chris Davis, now a principal at BOSS Architecture. Brown and Davis designed the residence in discreet living zones, allowing for privacy and separation between public and private functions. Set on one plus acres, the three-bedroom home incorporates elements of sustainability through a natural use of materials and a modern aesthetic. A spectacular outdoor courtyard with a stunning reflection pool and waterfall surrounds the entry to Gan Aden, setting the tone for the rest of the home.

“This home is a design lover’s dream,” said listing agent Judy Fahrenkrog of Kentwood City Properties, a division of Kentwood Real Estate. “The architecture is amazing, and the interior appointments include a collection of extraordinary period pieces that were collected over several years, and many of the furnishings come from early-to-mid-20th-Century modern design icons.”

Composed with a smart program, the house is energy efficient and includes warm, luxurious living spaces at every turn. The master suite is attached to two sumptuous master baths designed with pampering in mind, and is adjacent to a private office separated by a breathtaking salt-water aquarium. The spacious kitchen features sophisticated bamboo cabinets and professional-grade custom selected appliances. The design encourages indoor and outdoor living, as natural daylight has been manipulated and maximized to create vibrant space. Additional highlights of the residence include a two-bedroom guest wing, gym and workout room, large temperature controlled wine closet with red leather walls, mudroom, and cedar closet.

The grounds at Gan Aden are an earthly paradise of terraced landscaping, rock formations, and verdant gardens. A Japanese ceremony house, or teahouse, stands beside a pond in the shape of a Japanese character for “heart.” The walls of the teahouse are removable, enhancing the connection to the gardens and pond. “The exquisite gardens alone entail a US$6 million investment to create an outdoor paradise that may be unmatched in Colorado,” notes Fahrenkrog. “The design team created an eight-foot water wall beside a stairway that descends through a grove of chanticleer pear trees. The ‘floor’ of the outdoor room is a shallow pool cut by a stone bridge.”  

“Melding luxurious amenities and contemporary architecture with the architects' unique artistic vision results in a masterpiece rarely matched in a residential home,” says Clayton Andrews, Senior Vice President of Christie’s International Real Estate. “This exceptional residence truly epitomizes architecture as art.”

Gan Aden is offered for sale by Kentwood Real Estate with international marketing services provided by Christie’s International Real Estate through its Bespoke Marketing Program.

Dutch Docklands in the Maldives Named Exclusive Affiliate of Christie's International Real Estate

Dutch Docklands Joins Leading International Network of Real Estate Brokers Specializing in the Marketing and Sales of High-Value Properties

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Maldives, Male—Christie’s International Real Estate, the world’s leading luxury real estate network, has awarded Affiliate status to Dutch Docklands in the Maldives. Dutch Docklands, the global leader in floating developments and islands, will exclusively represent the Christie’s brand in the prime residential market of the Republic of Maldives.

Dutch Docklands is an innovative company in a new global market. Their unprecedented expertise in floating technology, based on the Dutch history of many centuries in water management expertise, persuaded the Government of the Maldives to become partners in the joint-venture company Dutch Docklands Maldives, in order to develop 80 million square feet (8 million square meters) of water with floating projects a short distance from the capital Male, and the airport. This legendary project will be the biggest floating development in the world, diversifying Maldivian fame and turning rising seas into prime real estate.

Dutch Docklands will fully manage the complete development from design, engineering, and construction to sales and marketing. These high-end developments create new investment opportunities in the Maldives: a paradise on earth with year-round sunshine, and strategically located in the middle of emerging markets. After a very thorough period of planning with world-class partners, construction will start in autumn 2012 and the real estate will be available for sale beginning of October 2012.

Wholly owned by Christie’s, the world’s leading art business, Christie’s International Real Estate is represented in more than 40 countries. Dutch Docklands joins this carefully selected organization of brokerages with its proven records of success in both high-end property sales and exemplary client service.

“We are delighted to welcome such an innovative company to our Affiliate network. Dutch Docklands are proven world leaders in safe floating constructions. Where until now it was impossible to acquire a property in the Maldives, we have noted that demand for second homes is very strong from international prime property buyers. Particularly strong buying markets for the Maldives are the Far East, the Middle East, India and Russia.” says Joachim Wrang-Widén, Director of Affiliate Services for Europe, Middle East, and Africa, Christie’s International Real Estate.

Paul van de Camp, Chief Executive Officer at Dutch Docklands says, “We differentiate ourselves with our unique proposition of immaculate residences that move the context of a static city to one that is dynamic and environmentally friendly. Our green Intellectual Property (IP) is based on long established expertise gained from our symbiosis with water in the Netherlands.”

The Maldives have a total land area of just 298 square kilometers, and the island's natural beauty together with the lack of construction space make this destination one of the most popular and premium priced among international real estate investors. The government has been very accommodating to high caliber projects and opened doors to property investors.

About Dutch Docklands

Dutch Docklands has developed a world-class master plan,“The 5 Lagoons,” which provides a complete new destination in the Maldives with high-end luxury projects, like the world’s first 18-hole floating golf course with sumptuous villas overlooking the greens and breathtaking coral reefs, including a Venice-shaped village with townhouses, a convention hotel with an exclusive shopping center, private pristine beaches, and a lagoon with tailor-made private islands where people have the unique opportunity to create their very own private island in any shape desired.

Dutch Docklands offers the opportunity to have a return on investment by renting out the privately owned properties through top-class hotel operators during owners' periods of absence. Dutch Docklands has an excellent network of high-end customers due to their longtime presence in the Middle East. The developments have a minimal impact on the environment and Dutch Docklands work with the best in this specific market, setting extremely high quality standards in terms of design, engineering, construction, and sales. 

For additional information about Dutch Docklands, please contact Jasper Mulder, General Manager Maldives at +960 3336664 or jaspermulder@dutchdocklands.com or visit www.dutchdocklands.com.

Maui duo launches coffee-infused cereal

September 10, 2012

By NANEA KALANI - Staff Writer (nkalani@mauinews.com) , The Maui News

MAKAWAO - Mike Abrams has entered the crowded breakfast cereal market with what he considers a competitive edge.

The Maui-based food scientist says he's created the world's first coffee-infused cereals.

Abrams and his business partner, Chuck Mason, recently launched Cappuccino Crunch - a line of four flavored, toasted rice flour cereals.

"It's another way for coffee lovers and tea lovers to enjoy coffee and tea, without having to wait for it to brew," he said.

A half-cup serving of the cereal provides the equivalent amount of caffeine in a quarter-cup of coffee or tea.

Abrams, who earned a food technology degree from Ohio State University, specializes in food flavorings. The Ohio native has been concocting custom flavor formulas for specialty coffee and tea companies since the 1980s, including Lion Coffee in Honolulu. The cereal line is his first foray into manufactured food.

Abrams said he initially had the idea for a coffee cereal two decades ago as he watched the specialty coffee and tea market gain steam.

"I dreamt up this idea probably 20 years ago," he said. "But I was thinking that some other big coffee company like Starbucks or The Coffee Bean & Tea Leaf would come out with something, so I was afraid to get started on it."

"Three or four years ago, I saw nobody did it yet, and the industry and per-capita spending on coffee was going through the roof, so I decided to go for it," Abrams said. "I figured, if I strike out, at least I can claim I was the originator."

The coffee and cereal industries are big business. U.S. cereal production generated revenues of $11 billion last year, according to market research firm IBISWorld. The U.S. coffee industry is valued at an estimated $19 billion annually.

Abrams and Mason have spent the past two years tweaking the proprietary recipes for the cereal's Kona Blend, Mocha, Cappuccino and Chai Spice flavors.

Mason, a photographer and Web designer, said he was initially brought on to help with marketing and package design.

"I got more and more involved as we went along," Mason said. "I'm a big coffee lover. I absolutely love coffee and chai. I think this will do really well."

The coffee cereals are flavored with 100-percent Arabica coffee beans from around the world. The Kona flavor uses 10 percent Kona coffee from the Big Island.

"It's taken two years to formulate it correctly. Originally, it tasted terrible and bitter," Abrams said. "After two years in the formulating lab, I'm hoping the products will speak for themselves."

The cereal line is a division of Abram's custom flavoring business, Flavor Waves Inc., which he runs out of Makawao.

He declined to disclose his financial investment in the new business, other than to say it's "taken a lot of time, effort and money."

The cereals - which are manufactured on the Mainland - are all natural, gluten and cholesterol free, and low in sugar and fat.

"We'd love to make it in Hawaii, but there are no manufacturers here, and I don't have the capital to invest in the special equipment required," Abrams said.

The cereals are packaged in 8-ounce slender bags that resemble a bag of coffee grounds and sell for $5.99 on cappuccinocrunch.com.

"We wanted them to stand out from an ordinary box of cereal," Abrams said.

The company also has created green tea, black tea and decaffeinated flavors that currently are only available in bulk.

Cappuccino Crunch has been able to secure eight retail partnerships statewide since launching in Hawaii in early August. On Maui, the cereals are sold at Anthony's Coffee Co. in Paia, Maui Coffee Roasters, the Maui Tropical Plantation and the Maui Culinary Academy's food court at the University of Hawaii Maui College campus.

To help get its brand out, the company will be a sponsor of this year's American Windsurfing Tour at Ho'okipa Beach Park in October.

"We're starting with a grass-roots effort here in the islands, in our own backyard. We're trying to make a market for it," Abrams said.

Later this month, the company will showcase its cereals at the annual Coffee Fest trade show in Seattle and in April at the Specialty Coffee Association of America trade show in Boston.

While the business is still new, Abrams and Mason already have ideas for expanding their product's reach.

The company has created single-serve disposable bowls with peel-back tops for an on-the-go version of their cereals.

The partners also want their products to expand beyond the breakfast table. Abrams says the cereal's small size makes it ideal for topping frozen yogurt and ice cream, blending into trail mix and granola, and mixing into chocolate candies.

* Nanea Kalani can be reached at nkalani@mauinews.com.

Telluride Real Estate Market Shows Signs of Recovery

Monthly Sales Up By As Much As 49 Percent

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Pictured Above: Butch Cassidy Drive In Telluride, Colorado, Offered For Sale By Telluride Real Estate Corp For US$15,000,000

After an excellent winter in Telluride, Colorado, with over 17 feet of snow and an uptick in both retail sales and skier days, the real estate marketplace began to gain momentum in March with a 40% increase in gross dollar sales over the same month in 2011, reports exclusive affiliate Telluride Real Estate Corp. Sales in April—July increased at 18 percent, 21 percent, 49 percent and 34 percent, respectively. It certainly seems that momentum is gaining in the regional marketplace.

On another positive note, more than US$77 million is currently under contract which bodes well for the balance of the summer and autumn selling seasons. Sixty-seven properties sold or contracted year-to-date are priced over US$1 million with 37 priced between US$2 million—13.2 million (US$4.6 million average), so it appears as the upper end of the market is experiencing a bit of a revival.

During the past 12 months, the Town of Telluride seemingly has been the market leader with 25 sales over US$1 million, 14 sales above US$2 million, 7 sales between US$2.9 million—$6 million and those seven sales averaged US$1,097 per square foot. The Telluride Mountain Village Market continues to present excellent buyer opportunities with 67 homes currently in market above US$1 million. The Mountain Village experienced 32 transactions over the US$1 million price range during the same period, with 17 of those transactions priced between US$2 million—$12.5 million.

While historic Telluride is experiencing appreciation, the balance of the market segments have stabilized, but are not yet inflating. Historically speaking, the Town of Telluride has been the leading indicator for the regional marketplace after economic downturns. There are extraordinary opportunities in the overall market at 25—30 percent discounts off pre-recession pricing. 

Manhattan's White Hot Market

The Manhattan property market continues as a top performer, a destination of choice for international buyers of luxury homes. Drawn to electric city living in a secure investment environment, cash-flush Brazilians, Chinese billionaires, Saudi royalty, a Russian composer, and just last week, the Prime Minister of Qatar are some of the newest residents to the 212 area code.

“In last year’s State of the Market Report, Christie’s International Real Estate was the first to observe that High Net Worth Buyers were increasing exposure to luxury residential real estate as an investment strategy to protect and preserve wealth,” says Neil Palmer, Chief Executive Office. “That global trend has accelerated over the course of the past nine months, resulting inbreathtaking sales—some above asking price—in international cities like New York.”

Manhattan’s trophy real estate continues to post breathtaking sale prices and attract international buyers much like pieces of fine art. As an example, look at the similarity in record-setting price points achieved just this year by Christie’s and Brown Harris Stevens, the exclusive Affiliate of Christie’s International Real Estate in Manhattan: 

• Mark Rothko’s Orange, Red, Yellow (1961), set a world mark for contemporary art sold at auction with a sale price of US$86,882,500 in May.
• CitiGroup Chairman Sanford Weill’s penthouse at 15 Central Park West, an all-cash sale with proceeds donated to charity, smashed New York records by commanding US$88 million in February. Brown Harris Stevens represented both sides with Kyle Blackmon representing the seller and Maria Torresy, the buyer. 

A New York institution older than the city itself, Brown Harris Stevens is one of the city’s most successful luxury real estate brokerages, having recorded most of the top residential transactions this year. Other highlights include:

Other highlights include:

Central Park South Penthouse List Price: US$70 million
Listed by Kyle Blackmon 

Candela Masterpiece at 940 Park Avenue List Price: US$60 million
Listed by Kathy Sloane with international marketing services by Christie’s International Real Estate. 

Stanford White’s Mansion on Fifth Avenue
List Price: US$49 million
Listed by Paula Del Nunzio, the architectural marvel sold in June in conjunction with Christie’s International Real Estate. The contents of the Italian Renaissance palazzo-style residence were sold through Christie’s.East 70th Street Residence List Price: US36,000 million
Harris Stevens' Dominic Poolilo represented the buyer

Jackson Hole Real Estate Market Continues to Recover

Buyers continue to focus on the US$1 million and below market reports Jackson Hole Real Estate & Associates

The market data from the first half of 2012 indicates that the Jackson Hole real estate market is continuing the recovery that began in January 2010, reports Jackson Hole Real Estate Associates in their semi-annual The Hole Report. The firm is the Christie's International Real Estate exclusive Affiliate in Jackson, Wyoming.

The report notes that mid-year numbers from 2009 compared to the mid-year numbers from 2012 show that the overall number of sales since that time is up 283 percent. While the market continues to gain strength, it is still a far cry from the height in 2005 where an incredible 509 sales took place in the first six months. One fact is clear; the local market continues to gain momentum.

The number of sales is up 19 percent and dollar volume is up eight percent, when compared to this time last year. The focal price point continues to be the under US$1,000,000 range, where the number of sales is up 19 percent from last year, and made up 69 percent of the overall sales. 

To read the complete report, visit The Hole Report.

Group unveils plans for new harbor near Mala Wharf

LOUISE ROCKETT

August 2, 2012
Lahaina News


LAHAINA - The principals of Harbor Quest LLC are on a mission to build another harbor in Lahaina at the north end of town at Mala.

Al Pelayo, Drake Thomas and Lance Thomas shared their daring plans with the community and the Maui County Council at a General Plan Committee meeting held on July 23 in Wailuku.

Their testimony before the council described the details: "A channel approximately 650 feet long and 125 (feet) in width would be constructed through what is now Mala Wharf access road. The channel would transect Front Street, opening into a harbor basin with a surface area approximately three times the size of Lahaina Small Board Harbor."

The vision is for a mixed-use, inland harbor village situated on 24-plus acres of land on the south side of Kahoma Stream between the ocean and Honoapiilani Highway.

Their lofty goal is "to create for West Maui a harbor unlike any that exists in the State of Hawaii."

The proposed plans for the private venture are still on the drawing board but include 143 fifty-foot slips, three anchor restaurants, 160 retail establishments, 16 residential condominiums, haul-out facility and a four-story parking garage.

Slips are being offered at $25 per foot per month.

The crown of the development at the entrance is the Celestial Navigation Institute and Polynesian Voyaging Canoe Visitor Center with adjacent 120 feet of dock space for Maui's two voyaging canoes.

"This would finally be home for the Mo'olele and Mo'okiha O Pi'ilani," Drake commented.

In an interview with the Lahaina News, the partners were enthusiastic about the benefits of the estimated $200 million project.

Lance listed some of the amenities: "There would be state-of-the-art docks with sewage pump out, cable TV, Internet, electrical, laundry."

"It would offer safe refuge for vessels during Kona storms and in hurricane conditions," Drake added.

According to Drake, "nightmare, congested conditions at the Lahaina Small Boat Harbor would be alleviated," with the addition of a ferry terminal and loading dock for cruise ship tenders at the new West Maui Harbor and an electronic tram to transport passengers to and from downtown Lahaina.

The preliminary blueprints reflect the construction of an additional public boat launching ramp at Mala Wharf and the removal of the deteriorating old pier, "considered by some to be a hazard to navigation," Drake remarked.

The fiscal advantages are far-reaching.

"The harbor will become an economic engine for Maui," Lance predicted, generating a variety of supportive revenue streams associated with ancillary byproducts, like marine electronics, engine repair, ship chandlery, haul-out services, fishing supplies and fuel.

"The boating industry is such a big industry in West Maui. It would be an immense employer and keep the money on Maui," he said, estimating 900 jobs would be added to the market.

"Jobs, that is what I am looking at," Pelayo stressed, confirming one of the chief reasons for his support. "All these homes coming up here in West Maui - where are all the people gonna be working?"

The tax implications are immense.

"It provides a very sound property tax base for the County of Maui and a tremendous amount of General Excise Tax for the state," Lance said.

Challenges confronting the trio may be crippling.

The property is owned by the Harry & Jeanette Weinberg Foundation, with a bid to build a low-income single- and multifamily housing project currently on the books by another developer.

Although a periphery access road is intended that would "only add two minutes for someone wishing to travel between the corner of Front Street/Ala Moana Street and reconnect with Front Street at the Kahoma Stream bridge," the "severing of Front Street" could be a deal-breaker.

Harbor Quest LLC, however, is not daunted. Read more...