Uraku Tower is a time capsule into the exuberance of the late 1980s Japanese real estate bubble. Common areas remain dated and stuck in the original time period while the extravagant services also remain. These include complementary limo service for residents, full service concierge, weekly apartment cleaning, and much more. At any given time there are 3-4 staff in the lobby. All this costs money of course which is why the monthly aoao fee in 2023 is north of $2 per square foot or approx $2300 for a typical 2 bedroom condo. These rent for $4000 or so a month which means after taxes and fees cash owners aren't making much money at all. This all affects the value of these condos. My suggestion would be to trim the amenities to lower the fee and this could be an amazing building due to its location straddling Ala Moana and Kakaako. Values would likely increase as a result. read more