Good news for those looking to buy or invest in the dynamic and fast-growing neighborhood of Kakaako – the condominium project at 803 Waimanu St. is moving forward. The project is being developed by California-based MJF Development Corp. and will feature a seven-story condominium including 153 market-rate units. Buyers can expect to see studio, one- and two-bedroom units.
Construction is slated to begin later this year with an estimated completion in 2017.
If you've missed out on sales for Keauhou Place or timing simply wasn't right for you this is another great option.
In addition to 803 Waimanu, MJF Development Corp. has plans to build another condominium project on a 14,400 square-foot parcel located at nearby 929 Pumehana St. called “Ohana Hale.” The project will be a 21-story, 180-unit project including affordable and workforce units. About 60 percent or 108 of the project’s units will be priced in the affordable range for households earning between 100 percent and 120 percent of the area median income for Honolulu.
Construction on Ohana Hale is also planned for later this year, and will feature studio, one- and two-bedroom units.
Starting prices for both projects have yet to be announced. If you would like more information on these condos as soon as it is released, or information on other projects in the area, please email me at Holden@HiResidential.com.
With Keauhou Place reserve unit sales happening this weekend I've had a lot of interested parties contacting me trying to get their hands on a reserving housing packet. With the last packet being handed out last week most of them were simply out of luck. For 803 Waimanu I encourage you to contact me early so that I can make sure that you get a reserve packet as soon as they become available. If you let me know that you're interested I will keep track of the sales timeline for the project so you don't have to.
Thank you and I look forward to hearing from you!