Aalii – “a small bushy tree native to Hawaii”
Each new project in Ward Village brings us one step closer to a complete walkable neighborhood in the heart of Honolulu. Aalii, was the latest project announced by Howard Hughes which will be a 42 story high-rise featuring 751 units. With the recent success of Ke Kilohana and closely watching sales trends of other buildings in Kakaako, Howard Hughes has recognized that there is a strong demand for smaller (lower priced) units in the area. The largest unit in Aalii will be 900 sqft., with studios as small as 300 sqft..
Aalii will feature 100 reserve housing units. Considerably less than what is required by the HCDA, which states all developers must designate 20% of residential units for reserve housing. That law allows developers to move reserve housing off site in to other buildings which is what they did with Ke Kilohana. Ke Kilohana houses the required reserve housing for Ae’o, Waiea, Anaha and I’m assuming some of Aalii. Ke Kilohana has a total of 424 units, 375 are for reserve housing.
Aalii will have studio, one-, and two-bedroom units. The project will feature 19,000 sqft. of open space and 15,000 sqft. of commercial space. The tower was designed by San Francisco’s Solomon Cordwell Buenz with local partner Ferraro Choi and Associates Ltd.. Aalii will be built parallel to Ward Avenue, aimed at preserving mauka (mountain) to makai (ocean) views. Amenities will include barbecue areas, a pool, fitness centers, private rooms and lounges, some of which will be located on the 42nd floor of the tower. Sales for the project most likely won’t begin until 2017.
With the project not starting sales until 2017 you have a lot of time to get your ducks in a row. If you’re interested in market rate units they will most likely be released on a first come first serve basis. It’s never to early to register your interest so please fill in your information below. If you’re a first-time home buyer and would like to get in to the reserve housing portion of the project, please also register your interest and indicate that you are interested in reserve housing. I will keep everyone posted as new information is made available. Thank you and please feel free to reach out to me with any questions Holden@Kakaako.com.
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