A Partnership with Discovery Land

Ilima Ward Village partners with Discovery Land

About 8 to 9 months ago, Ward Village unveiled plans for Block D and Block E, the final two towers in its master plan. Recently, the names of these towers were revealed: Block D will be known as Ilima, and Block E as Melia.

Additionally, it was recently announced that Discovery Land Company and Howard Hughes have joined forces for the development of Ilima. This partnership signifies a collaboration that will elevate the residential experience to unprecedented levels. Ilima will feature Discovery Land Company's renowned concierge services, and both Ward Village and Discovery Land Company will work with Robert A.M. Stern Architects to curate amenities.

You can learn more about Melia and Ilima below:

Ilima Ward Village

• 33-story tower comprising 148 residences
  
• 92 two-bedrooms, 48 three-bedrooms, 6 four-bedrooms, and 2 five-bedrooms
• Co-developed with Discovery Land Company
• Ilima will be located next to the historic IBM Building

Melia Ward Village

• 35-story tower with 242 residences
• 79 one-bedrooms, 98 two-bedrooms, 62 three-bedrooms, and 3 four-bedrooms residences
• Melia will be located next to Diamond Head Plaza Park (Ka Lei Park)

Kuilei Place Pilot Program

In an effort to create more opportunities for local homeownership, HHFDC has designed a new program called the Dwelling Unit Revolving Fund Equity Pilot Program, also known as DEP.

If you're a nurse, teacher, police officer, or in the field of agriculture, you might qualify for a deeper discount. For example, a 2 bedroom at Kuilei Place would cost $523,400 instead of $626,700.

To check if you're eligible, see all the requirements below:

1. Eligible HHFDC buyer (Hawaii resident, HI withholding tax, income <140% AMI)
2. No gift funds
3. Profession qualifies
4. Cannot own any real property

Down payment required: 5%. Co-mortgagor/co-signor: Yes.

If you qualify, please call Shay at (808) 398-7429 and schedule a time to visit the Sales Gallery.

Launiu Owner-Occupant Sales Begin

While Launiu Ward Village was launched earlier this year, Owner-Occupant designated units didn't go on sale until last Tuesday, April 9th at 8:00am. To register for a sales appointment, please call Shay at (808) 398-7429 and we'll setup a visit at the Ward Village Sales Office.

Those who are interested in purchasing, you'll need to fill out an Owner-Occupant Affidavit, select a unit, execute a sales contract, and provide a 5% earnest money deposit via check.

The Owner-Occupant purchaser must be present to execute and notarize the Owner-Occupant Affidavit and sales contract. A government-issued photo ID is required.

Progress at Koa Ridge

Since the opening of Koa Ridge in 2020, a little over 500 homes were built. The entire master plan will include a total of 3,500 homes, so we're projecting another 9 years of development to go.

Currently, Waioha II and Nanea II are currently on sale. To reserve your home, all you need is a pre-approval letter, along with a $15k earnest deposit. You'll have 30 days to cancel your reservations with a $250 cancel fee, but that's the risk to take as all homes are offered as first-come, first-serve. There is a 1 year owner-occupancy requirement, but the good news is that maintenance fees are only $115 per month, with association dues at $71.10.

Lastly, it's been confirmed that Malu Koa West is coming this summer. It'll be available for sale to owner-occupants and investors and should take 1.5 years to build before completion.

Inventory

Click here to see all new proposed and approved new developments in Hawaii.