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).
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!