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.
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.