I'm writing this from the taxi on my way to catch a plane back to Maui, but wanted to post an update.
The confirmation hearing for the Residences on Kapalua Bay (formerly the Ritz-Carlton Residences, Kapalua Bay) took place this morning at the first circuit court. The judge first heard a motion to intervene on behalf of an original reservation holder in the developer sales. Three parties bid, with a starting bid of $60 million, bid up to $100 million in 22 increments.
We are hopeful that with this confirmation that matters will be resolved and sales of the remaining developer inventory will recommence.
For more information visit: The Residences at Kapalua Bay