Maui News Article on new Luxury Wailea Hotel… Andaz!


Construction site prepped for ‘un-hotel’
Renaissance set to become a 255-unit luxury Andaz property

October 16, 2011
By HARRY EAGAR – Staff Writer

The Renaissance Wailea Beach Resort has sat empty for more than four years, but workers are on-site now preparing for a partial demolition and reconstruction as the Andaz Wailea Hotel.

Construction of the 255-unit luxury hotel is expected to begin early next year, said Laurie Cole, director of corporate communications for Hyatt Hotels Corp.

There are five Andaz hotels in existence and six more in planning, each unique. Some are reconstructions of old buildings, others new from the ground up. A corporate statement says Andaz aims to deliver a “a kaleidoscope of style and culture from the area that surrounds it” but as an “un-hotel.”

Guests are invited to be “refined but casual,” and the target market includes the “creative class” including successful entrepreneurs, and “professional bohemians.”

Ever since the once highly regarded Stouffer Wailea Beach Resort, at one time a AAA Five-Diamond property, fell on hard times during the sluggish ’90s (by then as a Renaissance brand), the owners of the prime 15.5-acre beachfront lot have been jockeying to reposition their spot as a high-concept luxury resort.

Since plans were made to replace the aging Renaissance in 2005, the lot was proposed as the launch property for not just one but two superpremium nameplates, first St. Regis, then Baccarat.


current view of the Renaissance hotel

Initially, the idea was to raze the buildings and replace them with 150 large condominiums. Innovative ideas, like putting most of the back-of-the-house facilities and much of the parking underground, and discouraging autos by using a fleet of “golf cart butlers” were floated to distinguish the new property from other Hawaii resorts.

In a reversal of frequent experience (such as at Turtle Bay on Oahu), the project was able to get government approvals but not financing.

At that time, Hawaii hotels were enjoying record revenue of $3 billion, and other, even more expensive rebuildings of early Maui hotels were in the works, especially the Residences at Kapalua that replaced the Kapalua Bay Hotel.

The new Wailea resort was to have opened in 2008, ahead of the collapse on Wall Street, but already by then the ground had shifted under the owners’ feet, and it was back to the drawing board.

The original hotel, with 349 rooms and about the same number of employees, had opened in 1978, when Wailea was remote and empty except for what is now the Wailea Beach Marriott and the tiny Wailea Shopping Village (since replaced by the Shops at Wailea).

The St. Regis, later expanded to 193 condominium-hotel units from 150, was tagged as a $250 million project. The condos were to have been priced at $1.5 million and up.

Starwood Capital Group was behind the St. Regis idea, under the leadership of Barry Sternlicht. Sternlicht is a former chief executive of Starwood Hotels & Resorts, but although the companies have similar names, they are independent.

For reasons never publicly explained, the St. Regis proposal was dropped, but a nearly identical project under the Baccarat name was proposed in mid-2007.

The hotel was closed that September. The Baccarat was to have opened by late 2008. The demolition never happened, but a financial crash did.

Not until October 2010 did Hyatt and Starwood Capital Group announce a joint venture to develop the lot as an Andaz.

That announcement was for an Andaz hotel “and residences.” Although some Andaz hotels, such as the one on Wall Street in Manhattan, are described as hotel-residences, the Wailea development appears to have de-emphasized the residential aspect, which was key to the St. Regis/Baccarat plans.

The 2010 announcement called for 255 rooms and 35 suites ranging from 456 to 2,321 square feet, as well as six four-bedroom villas averaging about 3,500 square feet.

The current fact sheet mentions only 255 rooms, with a restaurant, pools, spa, bar and grill, gym and meeting space.

That would make it a midsize Andaz hotel, which range from about 175 to 325 rooms.

The current price tag has not been announced, but earlier estimates were around $90 million.

Cole said more details would be revealed as the time for new construction approached.

Other existing Andaz hotels are in West Hollywood; San Diego; New York (Wall Street and Fifth Avenue); and London. Besides Wailea, Andaz hotels are under construction in Amsterdam; Delhi; Sanya Sunny Bay, China; Providenciales, Turks & Caicos Islands; Papagayo, Costa Rica; and Shanghai. The Shanghai hotel will have its soft opening this week.

The Renaissance, originally just the Wailea Beach, initially was operated by Western International Hotels for its owner, Hong Kong-based Grosvenor International.

This Maui News Article is a great update on the new hotel being built 2012 Link to article above on Maui New Online

For updates on Wailea/Makena real estate
Contact EcoBroker, Realtor (S) Meghan Clair

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties-Shops at Wailea

Realtor Magazine says…Buyers Ready to Spend on Green


Here is a link to the Article in Realtor Magazine: LINK

“Energy efficiency is not on the wish list for home buyers in 2011—it is on the ‘must’ list,” writes Paul Cardis, CEO of Madison, Wis.–based AVID Ratings

Heating and cooling a home today is not cheap. But neither is purchasing a solar heating system, installing new double-pane windows, or replacing old appliances. For a long time, the high expense associated with “going green” has kept many home owners from embracing energy-efficient features…

But there are indications that more and more Americans are seriously considering green construction and adding new ­energy-­efficient upgrades—and determining that the cost is worth it.

“Expenditures on energy-efficient home improvements, which have been essentially flat over the last few years, will see a period of strong growth through 2014, reaching $50.2 billion in that year,” says the new Energy Efficient Homes report by Pike Research, a Boulder, Colo., market research and consulting firm focusing on clean technology.

Green Products Buyers Really Want
*High-efficiency insulation
*High-efficiency windows
*Double- and triple-glazed windows
*Tankless water heaters
*Water-conserving devices
*Products aimed at improving indoor air quality
*Renewable flooring products, such as bamboo and cork
Sources: American Institute of Architect’s Home Design Trends Survey

Maui’s EcoBroker, Meghan Clair of Coldwell Banker Island Properties is your Maui connection to all things GREEN for the home…whether you are interested in buying, selling, or just upgrading you home to be more energy efficient Meghan can help!


Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties-Shops at Wailea

DIY Solar Panels For Your Home How to Build Solar Panels

VIEW THE FULL ARTICLE AT AND OTHER INFO ON SUSTAINABLITY AND GREEN BUILDING: Do it Yourself Green Energy for Homes Website

Article from www.diygreenenergyforhomes.com

It is possible to save thousands of dollars annually with the utilization of free renewable energy. With increasing oil prices and depressing economic scenarios slowly being played out in the modern day, it would be wonderful to reduce expenses with the use of diy solar panels.

Do you know that thermal energy is available to us every day at no cost? The sun is the main source of energy for Earth and it could be your resource for free energy.

If the notion of replacing electric bills with free energy using solar power sounds great to you, learning how to build a solar panel is easy and isn’t rocket science.

Not only can you create solar panel sizes that can be tailored to fit your energy consumption, it is also possible to store trapped and converted solar energy with the proper setup.

A variety of solar panel kits can be used to achieve this process. But first, here is a brief run down on how homemade solar panels work. The solar panels comprise of a p-n junction in diodes created from semi conductors. When sunlight hits on these cells, solar power is generated and home equipment and appliances such as mixers, heaters can be run by this electricity generated. This will lead to a significant reduction in your electricity bill as you rely less on the power companies.


Installing solar power for homes can easily reduce electrical expenses by more than 80%. You can easily live off the grid by installing multiple home made solar panels and begin seeing huge savings as fast as 7 days of installation.

With that being said, green living at home not only enables you to save money in the long term but also gives you the sense of satisfaction that you had did your part in conserving the environment.

If do it your self projects aren’t for you, there are lots of great solar installation options on Maui:
www.risingsunsolar.com
www.gosolarmaui.com
www.haleakalasolar.com
www.mauisolarenergy.net
Just to name a few…

EcoBroker Meghan Clair specializes in assisting buyers and sellers curious about green building technologies in homes. Please contact her for more information or a free green assesments of your property if you are thinking about selling!


Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties-Shops at Wailea

Why Home Sales Will Rise This Year


Realtor Magazine
By Lawrence Yun | June 2011
Chief Economist-National Association of Realtors

The first quarter ended with decent home sales activity… but the rest of the year should be even better. Here’s why.

The first quarter ended with decent home sales activity, with existing homes selling at an annualized pace of 5.1 million. The remainder of the year should be better still for the following reasons:

•More jobs
•Rising stock market wealth
•Rising apartment rents
•Continuing high affordability conditions
•Home values at historically justifiable levels
•Investors looking to hedge against inflation
•Foreigners buying U.S. homes on the cheap

Other potential contributing factors, although they’re not happening yet, are huge bank profits translating into more desire to lend and some reduction to market friction as lenders’ short sale approval processes improve and appraisals become less of an issue.

So, if existing-home sales either hold at the 5.1 mil­lion pace of the first quarter or improve on that, then the annual sales tally will easily exceed the 4.9 mil-lion home sales we saw last year.

LINK TO WAILEA HOMES FOR SALE

Contact Maui EcoBroker Meghan Clair for a custom Homes search Island Wide

EcoBroker, Realtor(S) Meghan Clair of Coldwell Banker-Wailea Shops Office specializes in assisting Buyers find THE BEST South Maui Oceanfront and Luxury Investments.

She is pleased to represent you as a Buyer’s Agent on any unique Maui home or condo.

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties-Shops at Wailea

Hawaiian Real Estate Market Activity

MAUI
–Residential unit sales rose 17% from 2009 to 2010.
The average sold price for 2010 was $747,891 (+5%)
Total dollar volume sold = $608,783,134 (+23%).

– Condo unit sales increased (39%)
The average sold price for 2010 was $648,043
Total Condo dollar volume sold = $743,305,403 (+25%).

BIG ISLAND
– Medium Home Prices dropped 7.27% last year but the multimillion dollar market thrived.
– 17 Sold in 2009 while 23 properties sold in 2010 ($5 M and up).
– 21 out of 23 homes priced at $10m and up were cash purchases

OAHU
– The number of single family sales increased 11.2% from Jan 2011 versus January 2010.
– Median Prices decreased for homes 4.2% and 2.7% for condos compared to the same market last year.
– The supply of single family homes dropped to 6.4% this January. This is well below the 2009 supply of homes which was nearly 11 months of inventory remaining.
– Multi-million dollar market Solds for January 2011 – 29 Properties vs 23, and 13 in 2010 and 2009 respectively

KAUAI
– There was a 20% increase in sale volume from 2009 to 2010.
– Median price increase 2.93% from 2009 to 2010.
– Multi-million dollar market had a 15% increase in number of sales from 2009 to 2010
– Highest sale in 2009 was $28 million and in 2010 the highest sale was $21 million.

Overall – All islands are experiencing more activity. Prices remain flat but inventory low with demand increasing. It is a great time to sell with buyers back in the market… but it’s also a good time to buy with prices not at the levels back in the height of the market.

CONTACT MAUI’S ECOBROKER MEGHAN CLAIR FOR MORE INFO ON LUXURY AND OCEANFRONT HOMES ON THE ISLAND OF MAUI!

Meghan ClairRealtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties

$200k Price Reduction on Luxury Wailea Vacation Rental Condo

Ho’olei Villa 55-5
$200,000 Price Reduction
Now offered at $2,200,000

The Ho’olei community is located directly across the street from the Grand Wailea Resort and Spa. Relax with the ability to “lock and go” while at the same time enjoy the comforts of a condominium designed to feel like a stand-alone home. Residence 55-5 is the last available Maile floor plan offered in the highly sought after second row of the neighborhood.

Interior appointments include a private elevator, a gourmet Studio Snaidero kitchen with Wolf and Sub Zero appliances abundant. On-site amenities include one of the most impressive pools in the Wailea Resort, 24 hour security, shuttle service to the Grand Wailea Resort, a vast pavilion area, as well as a state-of-the-art fitness facility.

This villa is being sold completely “turn-key”. All furniture, electronics, and house ware items are to be included in the purchase price. Don’t miss out on this excellent opportunity


Master Bedroom with Private Lanai

LINK TO MORE PHOTOS AND INFO ON HO’OLEI VILLA #55-5

Includes Access to the Ho’olei Pool and Ammenites…

AND the Grand Wailea Resort and Spa!!!

CONTACT MEGHAN CLAIR FOR MORE INFORMATION

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties

*Villa is Listed with Hawaii Life Real Estate Services LLC. Coldwell Banker Island Properties agent Meghan Clair Realtor (S), EcoBroker may represent you as a BUYERS AGENT on this property*

Meghan Clair named “Stanford Who’s Who” Member for 2010

Coldwell Banker Island Properties Realtor(s), EcoBroker Meghan Clair is named a member of the Stanford Who’s Who Black Book for 2010/2011

The Stanford Who’s Who Marketing and Research Department looks for accomplished individuals they feel are on a path to future success either because of their past accomplishments, status in their field or their credentials.

A variety of resources are used to identify Stanford Who’s Who candidates. Individuals who are affiliated with professional associations and societies, attend core events within their field or subscribe to certain periodicals are ideal candidates, as they have sought enrichment within their career fields and participate in activities that extend beyond the workplace. These are the executives, professionals and entrepreneurs who we actively seek out and select as candidates for the Stanford Who’s Who Registry.


View Meghan Clair’s Profile at: www.StanfordWhoswho.com

Inclusion in The Who’s Who Black Book is highly coveted, and only offered to those individuals who complete our competitive evaluation process. It serves as a reference and a guide, but is also a symbol of achievement and status.


Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties

Realtor Magazine: 5 Reasons to Own vs Rent

Here is a link to ALL the Ocean view homes on the island of Maui priced under $500,000!

The seemingly endless run of bad housing news is discouraging some potential home buyers from considering a purchase. But the truth is that the advantages of homeownership have very little to do with investment gains. The best things about owning a home have a lot more to do with personal comfort and satisfaction.

Here are five reasons:
1. Be your own landlord. The bank can only kick you out if you don’t pay; a landlord can be much less dependable – deciding to sell the property or choosing to live there themselves.

2.Paying the principal is forced savings. Yes, it’s possible that home prices will fall further. It is also possible that your 401(k) will lose value. But over the long haul, both are likely to enjoy modest gains in value.

3.Fixed-rate mortgages never rise – and eventually you pay them off. With mortgage rates at record lows, people who buy now are locking in real bargains.

4. Good schools. Family-sized rentals are harder to come by in areas with excellent public schools.

5. Spacious properties in pleasant neighborhoods. Sizable homes in attractive communities are almost always owned – not rented.

CONTACT MEGHAN CLAIR FOR MORE INFO ON ALL SOUTH MAUI PROPERTIES!!!

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties

Source: The New York Times, Ron Lieber
Daily Real Estate News | August , 2010
Realtor Magazinie Online
Link to article

South Maui Property for Sale NOW!


Here is the most up to date information on Condos, Homes, and Vacant Land for sale in South Maui.

1. South Maui Condominiums

For Sale: 487 (ranging in price from $110,000 to $5,490,000)
Short Sales: 39 (ranging in price from $120,000 to $1,150,000)
REO Listings: 27 (ranging in price from $110,000 to $1,195,000)

Wailea Palms For Sale


Wailea Beach Villas For Sale

2. South Maui Homes
For Sale: 185 homes (ranging in price $218,000 to $19,000,000)
Short Sales: 23 (ranging in price from $218,000 to $2,188,000)
REO Listings: 10 (ranging in price from $307,900 to $850,000)

Makena Place Homes for Sale


Wailea Golf Course Homes for Sale

3. South Maui Vacant Land
For Sale: 79 parcels (ranging in price from $198,000 to $13,000,000)

Keawakapu Oceanfront Lot $13m
LINK TO VIEW LOT


Black Sands Gated Community Oceanfront Lot, Makena $12.8m
LINK TO VIEW LOT

CONTACT MEGHAN CLAIR FOR MORE INFO ON ALL SOUTH MAUI PROPERTIES

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 874-8668 Office Phone
Coldwell Banker Island Properties

New Upcountry EcoFriendly Home for Sale $675k

CLICK HERE TO WATCH VIDEO

LINK TO 49 HIWALANI LOOP,PUKALANI MAUI

*Property is listed with Coldwell Banker Island Properties. EcoBroker, Meghan Clair can assist you as a Buyer’s representative for inquires with this or any other property for sale on Maui.

Visit www.LuxuryGreenRealEstateMaui.com to see ALL Maui Property for Sale

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 874-8668 Office Phone
Coldwell Banker Island Properties