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Ward Village

Condos Local Real Estate Stories

Kapiolani Residence: Everything you need to know

With all the new construction projects going on in Kakaako and urban Honolulu, developers are realizing there is a real need, and demand, for moderately priced housing. The HCDA does a great job ensuring that at least 20% of the housing built in the Kakaako neighborhood is allocated toward reserve housing units, and recent sales at Ke Kilohana prove that there is so much more demand then there is supply. Kapiolani Residence will hopefully ease some of that demand by providing 292 affordable housing units in the Ala Moana neighborhood. The project being developed by Sam Koo Pacific, a well-known developer from South Korea, will be located at 1631 Kapiolani Boulevard featuring a 45-story mixed use residential tower with commercial space on the ground floor.

Kapiolani ResidenceKapiolani Residence will have approximately 292 affordable housing units including 53 studio units, 107 one-bedroom units, 105 two-bedroom units, and 27 three-bedroom units. The affordable housing units will be reserved for residents of Hawaii making less than 120% of the AMI or area median income.

Kapiolani Residence

 

Along with the 292 affordable housing units, 193 moderately priced market rate units will be made available for sale. 35 studio units, 69 one-bedroom units, 72 two-bedroom units, and 17 three-bedroom units will be offered. The breakdown for unit size, number of units on each floor, approximate interior square feet, estimated price ranges, and number of both affordable and market units available in the building is listed below.

There are restrictions with the reserve housing units which include a 10-year term where the HHFDC (Hawaii Housing Finance and Development Corporation) has the first right of refusal for a buy back on the unit. There will also be a shared equity component when reselling the unit down the road. Details about the specifics on the shared equity will be made available at a later date and possibly through an informational seminar by the project broker. Kapiolani Residence

Ke Kilohana, a reserve housing project in Kakaako with similar buyer restrictions, recently had 900 applications submitted for 375 units. Over 500 people went on the waiting list and it’s likely most of the applicants who were unsuccessful at Ke Kilohana will try their luck once more with this project.  Projects like Kapiolani Residence and Ke Kilohana offer local residents an opportunity to live in Oahu’s urban core for prices below market value.

If you would like to receive updates regarding Kapiolani Residence, please let me know by filling out our form below. Although it is too late to enter the lottery for this building, please fill out the form below to be put on our list of interested buyers for future reserve housing and affordable housing projects in the area.

Update – October 5, 2016

Market rate release is right around the corner! Read our most recent post about the market unit release here.

Kapiolani Residence Reserve List

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LIfestyle News Stories

Kakaako Named One of the Best Neighborhoods in America

Trulia, the mammoth real estate search website, recently named Kakaako one of the best neighborhoods in America. The study was completed by population size and demographics of a certain area, with the Kakaako – Ala Moana neighborhood topping the “neighborhoods with the best amenities” in a small city list. The ranking metrics were based on restaurants, beauty establishments, nightlife, trails, playgrounds, pediatricians, childcare, and percentage of quiet streets per square mile. Categorizing the Kakaako – Ala Moana area as a “small city” meant that it had to have fewer than one million people.

The Kakaako – Ala Moana neighborhood also ranked second for “neighborhoods with the best amenities for families” which used similar metrics for calculation.

If you’ve ever visited or driven by Kolowalu Park, the park at the corner of Queen street and Waimanu street behind Koolani, at anytime during the day, it’s apparent there are a lot of families that already live in the Kakaako neighborhood. Families wanting the convenience and comfort of condo living are overlooking the suburbs and willingly settling in Oahu’s urban core.

So what does this all mean? I think the article shows that Kakaako isn’t just going to be great when all these developers finish what they’re doing, or when all these amazing new restaurants open up shop, or when all of the new stores, boutiques, and coffee shops open in the area. What it shows is that Kakaako is great right now, even in the midst of all this construction, road closures, sewer rehabilitation and all, Kakaako is an amazing place to call home. Kakaako truly is one of the best neighborhoods in Honolulu and beyond.

Read more about Trulia’s report here and see what other cities made the list!

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Condos Real Estate Stories Videos Ward Village

Anaha Model Unit: Video Tour

Anaha, Howard Hughes’ second tower in it’s phase one of development, has recently broken ground on construction in Ward Village of Kakaako. The 283 unit tower featuring studio, one-, two-, and three-bedroom units along with 73 townhomes, will strive to meet LEED certification standards. Using high-efficiency air conditioning, hot water systems, and LED lighting will help Howard Hughes achieve this goal. Another great feature of Anaha is it’s close proximity to Kakaako’s flagship Whole Foods Market, located directly across the street on ground level. Ahaha is also located across the street from Ward Theaters which is a gathering place for locals, the complex also features some great restaurants and shops.

17_19-05-2014_8225Anaha will feature 9 foot ceilings in all of it’s residences, with 10 foot ceilings in the penthouse units. Miele kitchen appliances come standard, along with polished quartz composite counters, and spacious master bedrooms with free standing bathtubs. The video below illustrates the quality of the materials, spaciousness of the units, and the expertise of the design team.

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Anaha is a truly amazing project and although most of the building is sold out, units are still available. (The project is roughly 80% sold out) Two-bedroom high-floor units are on the market for roughly $2,000,000.  The Gateway is another project located a few hundred yards down the road, designed by star-architect Richard Meier. The project is ultra modern and features unobstructed views of the pacific ocean. One-Bedroom units in The Gateway start at around 1.5 million so don’t wait because the one-bedroom units typically sell fast.  If this opportunity sounds enticing to you please don’t hesitate to reach out to me. Mahalo and I look forward to hearing from you. Email me at Holden@Kakaako.com.

Please feel free to comment in the section below. What are your thoughts about Anaha? Can you see yourself living in Ward Village? Mahalo!

Real Estate Stories Videos Ward Village

Inside look: Video tour of Ward Village

Over the past couple of years I’ve been covering the Kakaako real estate scene. I’ve covered all the latest residential towers past, present, and future including some of the up and coming restaurants in the area. Writing about Kakaako is easy for me because I am very passionate about the neighborhood and all the potential it holds. I work closely with the great people at Howard Hughes as they are one of Kakaako’s largest landowners and are responsible for many residential towers coming up in Kakaako’s near future. Below is a video that Howard Hughes produced to help introduce people to their vision for the neighborhood.  If you were a bit confused about the difference between Ward Village and Kakaako, this video does an amazing job of clearing the air. Enjoy!

Now that you know everything there is to know about Ward Village, you’re probably ready to pull the trigger on purchasing something in the area right? Keep in mind Ward is just a small part of Kakaako and opportunities are available beyond Howard Hughes’ 60 acre parcel.  For more information about the area or if you had a questions about the future of Ward Village please feel free to contact me at Holden@Kakaako.com.

Mahalo!

 

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Ae’o: Owner-occupant lottery starts this Saturday

Ae’o, one of Howard Hughes’ latest condominium developments, will start sales for owner-occupants units this coming Saturday 1.18.15. Howard Hughes, the Dallas based developer, has seen great success thus far with Waiea and Anaha very close to 100% sold. Gateway which is another condominium development by Howard Hughes,  recently started sales too though the price point for the project is two to three times that of Ae’o. The selling point behind Ae’o is there relatively affordable priced units compared to that of Waiea and Anaha, both of which are less than a few hundred feet away. Imagine moving in to Kahala or Diamond Head for Kaimuki prices.

There seems to be a lot of buzz around Ae’o and I can see sales going really well for Howard Hughes. Pricing for studios will start at $410,000, one-bedrooms starting at $573,000, two-bedrooms starting at $860,000, and three-bedrooms starting at $1,390,000.  A brand new flagship Whole Foods Market will be located on the ground floor, Ala Moana beach park is just a few minutes walk away, and a brand new elevated rail system is just a few minutes walk down the road. Ae’o offers convenience and luxury in an affordable price range. Read more about the project here.

The lottery will take place this Saturday so all buyers must enter no later than Friday at midnight. Please contact me for floor plans and more information about how to enter the lottery.

I’ve worked closely with Howard Hughes as well as other developers in the Kakaako neighborhood and understand the sales process very well. I’ve sold in everything from Keauhou Place to The Collection and even Vida at 888 Ala Moana. I work hard to get you what you want so that you don’t have to. Give me a call today or email me to set up an appointment or showing. Mahalo! Holden@Kakaako.com or (808)387-3366.

Townhomes Interest

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Ae’o at Ward Village: The Whole Foods Tower

Ae’o or more commonly known as the “Whole Foods Project” is finally upon us. With sales started in July of 2015, Ae’o, located at the corner of Kamake’e and Queen street, will feature a Whole Foods Market along with relatively affordable market rate residential units.  Studio units started at $410,000 and sold out almost immediately. One-bedroom units started at $560,000 and a large majority sold out in the first week or so, I think a few higher floor (and therefor higher priced) units are available. Two-bedroom units started from $860,000 and all of the units listed under $1,000,000 sold very fast. There are a bunch still available in the $1,400,000 to $1,800,000 range. Three-bedroom started at around $2,000,000 and there are still a lot of options available.

The project will feature 65 studios, 220 one-bedroom units, 125 two-bedroom units, and 56 three-bedroom units. Sales took place on two different stages. They first launched a owner-occupant lottery with more than 550 entries. I was lucky enough to have four buyers with three of them getting great picks. Phase two was for investors and selection went to owners of Waiea and Anaha units first. Next were people who submitted non-binding pre-registration a few weeks earlier, you were called in to the sales office in the order you submitted the NPA. (NPA’s were time stamped) With this launch and other similar projects, lower priced units are the first to sell. (Note: In the future, if you’re looking for a unit on the lower end of the price range, make sure you notify me very early on).

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The Whole Foods Market will be located on the ground floor and will be roughly 50,000 square feet making it the largest Whole Foods Market in the state. With no other large grocery store in the neighborhood, Whole Foods will be a hub for the many residents and future residents that call Ward Village and Kakaako home, ever increasing the walkability of the growing neighborhood.

Being within walking distance to the great restaurants of Ward Village, Ward Theaters,  and now the convenience of doing all your grocery shopping foot steps from your front door, Ae’o offers true urban island luxury living.

If this project or any of the other projects in the Kakaako neighborhood are of  interest to you, please email me at Holden@Kakaako.com. If you have any questions please feel free to comment below or email me directly.  Mahalo and Aloha!

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The Gateway at Ward Village

With more and more condos on the rise in the Kakaako neighborhood, developers are constantly trying to differentiate their projects from other buildings. In the case of Howard Hughes, they must differentiate each of their condos with unique selling points and amenities. Whether it be through a prime location like Park Lane, seemingly endless amenities in Waiea, or maybe it’s competitive pricing while not comprising luxury as is the case with Vida. Next on the horizon is Howard Hughes’ latest proposed condominum tower, The Gateway, designed by world-renowned architect Richard Meier.

Situated on the Ward Warehouse block in Ward Village, The Gateway will consist of an Ewa tower and a Diamond Head tower. Located between the two towers will be a nearly one-acre central plaza designed by Richard Meier, the famous architect behind The Getty Center. The plaza will feature pedestrian walkways, native plants, water features, and passage from the heart of Kewalo basin to the center of Ward Village. The Gateway at Ward Village

A few of the notable amenities beyond your typical luxury condominium include a wine tasting room and cellar, pet spa, veranda bar and four luxury guest suites so your friends from out of town can enjoy Kakaako from the luxury of their own suite.

All of the residences at The Gateway will feature 10-foot ceilings, Gaggeneau appliances, wine refrigerators, motorized window shades, and much more. I was able to get a private tour of the model unit on the first day of sales and Howard Hughes has really outdone themselves with the finishes.

“Overall wellness, health and balance can be seen in every design element in Gateway, from the private yoga rooms and ocean view fitness centers to the sprawling public living rooms and infinity-edged lounge pools,” per the developer.

With all of the luxury condominiums on offer in the Kakaako area today, there is a condo for every buyer. Howard Hughes has certainly outdone themselves with this project and the awe-inspiring design by world-renowned architect Richard Meier is a sight to be seen. If this project interests you or if you’e curious about what other projects are available in the Kakaako area, please contact me at Holden@Kakaako.com.

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Units still available at Anaha and Waiea

Anaha 1Happy New Year to all of our loyal followers!

If 2015 is the year to make the big step forward, and Kakaako is neighborhood where you want to be, then perhaps Howard Hughes can help provide you with the solution. Having started sales last year on their two luxury project Anaha and Waiea, Howard Hughes have seen sales soar. Anaha, located at 1108 Auahi street, boasts both ocean and diamond head views. The floor to ceiling windows, along with wide open floor plans, will your new home in the sky the go to spot for get togethers.

If views, views, views, are what interests you then Waiea is the perfect fit for you. Located at 1118 Ala Moana Boulevard, Waiea featured unobstructed views of the vast Pacific Ocean. Waiea offers true luxury island living with most amenities imaginable. One of the few condominiums in Kakaako that offer four bedroom units and LEED platinum certification. So while you’re sitting back poolside, sipping mojitos, you can rest assured that the environment was top of mind throughout the entire development process.

Prices for Anaha start in the mid $900,000’s and go up from there. Waiea starts in the mid $1,000,000’s for a low floor one bedroom and can go up to $6,300,000 for a three bedroom three bath unit on the 14th floor with ocean views.

If you want more information regarding either Anaha or Waiea please feel free to contact me at 808-387-3366 or Holden@kakaako.com. If Anaha and Waiea or slightly out of your price range and are interested to see what else is out there, please feel free to contact me and I would be happy to assist you.

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Keauhou Place: Everything You Need to Know

Units for The lofts at The Collection sold out in less than a day, with people waiting in line for more than 24 hours (including myself). What attracted so many buyers to the project was the low entry price for the units and the project’s close proximity to downtown.

WHO: Stanford Carr Development and Kamehameha Schools are developing the mixed-use project.

WHAT: A mixed-use residential commercial project including a 43-story main tower with 133 one-bedroom, 215 two-bedroom, and 40 three-bedroom units. Mid-rise town homes are also in the works with 20 two-bedroom and 15 three-bedroom units along South and Pohukaina Streets. A total of 85 units will be set aside for reserve housing*.

WHEN: An official start of sales date has not been announced, but we know it’s right around the corner. Contact me ASAP if you are interested.

WHERE: The project will be located 500 South street in the heart of Kakaako in the ‘Eat the Street’ parking lot bound by Skp_livingroom_400outh, Halekuwila, Pohukaina, and Keawe Streets.

WHY: What sets this project apart is its prime location — just steps from lively shops and restaurants located on the ground floor, a short drive from downtown, and in close proximity to a future rail station.

MY ADVICE: Reserved housing units will be sold based on a lottery system and I know this project will sell fast. If you missed out on 801 South or The Lofts at The Collection, don’t wait till the last minute to get pre qualified.   If you’re interested in this project, call me as soon as possible so that you won’t miss out on this great opportunity. You can reach me directly at Holden@Kakaako.com.

*Reserve housing is designed to provide affordable housing in the Kakaako area for buyers earning less than 140 percent of Honolulu Area Median Income (AMI). The current AMI is $82,600 and 140 percent of that is $115,640. All buyers will need to go through a qualifying process to ensure they meet the HCDA reserve housing requirements as well as lender requirements.

Events Howard Hughes News Stories Ward Village

Ready, Set, Glow at the Inaugural Ward Village NiteRun

Grab your running shoes and your glow sticks, because the countdown is on for the inaugural Ward Village NiteRun, kicking off September 20. The NiteRun is a 5k fun run that will raise funds and awareness for JDRF Hawai’i, who works to improves the lives of Hawai’i’s children, adults and families living with type 1 diabetes. You’re invited to partake in this family-friendly event, which will include donning headlamps and running or walking while taking in the sights of the dynamic neighborhood by foot.

“We’re excited to welcome the community to join us for our first ever Ward Village NiteRun, an event that truly epitomizes the fun and active lifestyle this neighborhood promotes,” said Katie Ka’anapu, Senior Marketing Manager of Ward Village. “We look forward to welcoming walkers and runners to Ward Village for this special evening under the stars while supporting diabetes research in Hawai’i.”

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The Ward Village NiteRun is open to all ages and is an untimed event which will start and finish at Kewalo Basin Harbor. The end of the race will feature a glow-in-the-dark street party with LED entertainment, food and beverages and live music by local musicians, including Paul Izak, Erika Elona, local jazz funk favorites The Deadbeats, Jerome James and Roothub and more. Festivities will include a costume contest with prizes, giveaways from Ward Village retailers and restaurants, and a selfie-wall (yes, you read it right, a selfie-wall) complete with props to share the fun.

“The Ward Village NiteRun provides a unique and easy way for our community to join us in honoring the courage and perseverance of those facing the everyday challenges of type 1 diabetes,” said Stacy Acma, executive director of JDRF Hawai’i. “Local partners such as Ward Village are critical to the progress in type 1 diabetes research, and we thank them for their support as we work to turn Type One into Type None.”

NiteRun was started in 2013 as a part of John Henderson’s Adventure Race Hawai’i, with the goal of creating an event that provides a fun and safe environment to promote health and well-being with a splash of adventure. Henderson and Race Director Chris Gardner have more than 35 years of combined experience directing races and other athletic events throughout Hawai’i.

To register or learn more about the Ward Village NiteRun, visit wardvillageniterun.com. Registration is $45 per person before Sept. 3, $55 after Sept. 3, and includes a headlamp, t-shirt and refreshments for each participant. A $10 discount is available for registrants with a military, student or HGEA ID. To register or find more information, visit  wardvillageniterun.com.