The condo building 1717 Ala Wai is a perfect example of the right way to bring aging Waikiki condos into the next 50 years. Like much of Waikiki, the 1717 Ala Wai building was built in the late 1960’s and was a shining example of a modern building in a world-class location.
Over the years, worn by sun, salt air, and time, the building showed its age. While other nearby buildings may choose to ignore the effects of aging, the management of 1717 Ala Wai is facing this challenge head-on, and in an owner-friendly way.
Renovations to Revive
Like other buildings, the standard maintenance fee in 1717 Ala Wai covers the cost of building and common area operations. In 1717 Ala Wai, that fee includes security staffing, management, pool, hot tub, sauna, fitness center, recreation area, and each owner’s water, sewer, and hot water fees.
Pool Deck
Last year the association of unit owners, along with the management, developed a long term vision for the future that will protect owners’ investments. The association, in good financial health, took a line of credit to work on the following items:
- Concrete Spalling
- Painting
- Asbestos Removal
- Plumbing
- Common Area Renovations
Along with their usual maintenance fees, owners pay a monthly assessment to cover the cost of these renovations. The fees differ depending on size of the unit, but are currently in the range of $250-300 per month. The final total for the renovation work will be known when the work is complete. At that time the association plans to offer residents a pay-off amount, or the option to continue to pay monthly. The length of the payments will depend on how quickly the principal is paid off.
The association and management have done an excellent job of communicating with residents about the renovations by holding informational meetings, hiring a Construction Information Assistant, and posting signage and notices. The Resident Manager, Reggie Eubanks, has been very receptive to my phone calls and requests for information about the projects, particularly regarding how the work effects real estate transactions in the building.
A Bright Future
Owning property in this building is an excellent opportunity to capitalize on your investment as these projects are completed. This is a very attractive building now, but it will become even more so in the near future.
BBQ Area
Erik Hinshaw, R
May 20, 2014
Great to see forward thinking management. Great location and great views from many of the residences.
Erik Hinshaw, R
May 20, 2014
Great to see forward thinking management. Great location and great views from many of the residences.
Alison Wisnom
May 20, 2014
Definitely! One side of the building borders the Ala Wai, so residents can look over the canal toward the low-rise Convention Center and watch the paddling teams practice. The other side of the building has ocean views!
Alison Wisnom
May 20, 2014
Definitely! One side of the building borders the Ala Wai, so residents can look over the canal toward the low-rise Convention Center and watch the paddling teams practice. The other side of the building has ocean views!
Tommy James
February 12, 2016
My building is immediately adjacent to 1717. For over a year and half, the noise and dust has been horrendous. When will it end? No one seems to know. The Empire State Building was built in less time.
Tommy James
February 12, 2016
My building is immediately adjacent to 1717. For over a year and half, the noise and dust has been horrendous. When will it end? No one seems to know. The Empire State Building was built in less time.
Alison Wisnom
February 13, 2016
Well, Tommy, maybe this is a good time to think about selling your unit?
I really don’t know how long the repairs will take, but the building management has been very receptive to my inquiries in the past. I’m sure they’d speak with you.
Alison Wisnom
February 13, 2016
Well, Tommy, maybe this is a good time to think about selling your unit?
I really don’t know how long the repairs will take, but the building management has been very receptive to my inquiries in the past. I’m sure they’d speak with you.