New Summer, New Home

It's summertime and for many, it's time to buy real estate. We've been waiting for better interest rates and deals, but we both know it's impossible to time the market. In this summer edition of the New Homes Hawaii Report, we'll cover Mahana Ward Village plus 5 upcoming projects on Oahu that are most likely to release during the next 3 months. And as usual, we'll also give you the latest updates on inventory and pricing for Hawaii's most enticing new construction deals.

It's important to note that if you initiate your search for a new home now, it is likely that the actual move-in date will be further down the line. Therefore, if you need to find something quick, we suggest referring to our Hawaii Housing Market Report as well.

Featured

Mahana Ward Village

On May 30th, HCDA released Victoria Ward Limited's latest permit application for Mahana Ward Village, the 12th of 16 planned towers in Ward Village. The official proposal hearing is scheduled for July 5, 2023, and the approval hearing will be held on September 6, 2023.

Looking through the application, we found that Mahana will be designed by Solomon Cordwell Buenz, Tihany Desig, and VITA Planning & Landscape Architecture. It'll have a unique style compared to some of the other Ward Village towers. First of the all, the shape of the block of land has an unusual boundary. It almost appears triangular. Secondly, this will be the first tower with a modern colonnade style, giving a nod to the historic architecture at the Hawaii State Capitol. The architects of Ward Village have used a proven formula time and time again where they choose surrounding architecture with either historic or cultural significance and modernize it. You can see what I mean by "colonnade style" by looking at the released rendering below.

In terms of size, Mahana will have 34 floors with 340 units. Keeping in mind that it'll be built on the intersection of Halekauwila Street and Ward Avenue, they made sure to include an excess of parking stalls and bike racks.

While no pricing has been released yet, we expect Mahana Ward Village to range similarly to Aalii's market-priced condos. Mahana will not have any reserved housing units.

• Total # of units: 340 units
• Floors: 34
• Unit mix: 56 studios, 156 1-bedrooms, 76 2-bedrooms, and 52 3-bedrooms. The units will be spread between the tower and the podium.
• Location: 423 Ward Ave, Honolulu, HI 96814. Mahana Ward Village will be located on the intersection of Halekauwila Street and Ward Avenue in Ward Village, Kakaako.
• Floor plans, pricing, and launch dates have not been released yet.

Potential Summer Releases

Anticipating summer releases is difficult, but we expect Malu Koa West, Kaulu by Gentry, and The Bluffs at Nanaina, with a chance of Kahuina and Kaliu. If you never heard of these projects or have been waiting for their debut, you can start preparing and narrow down your selection using the infographic below.

Updates

• 5/30/23 - Walea at Koa Ridge sold out.
• 5/17/23 - Another round of condos released at at Nahele at Hoopili.

New projects and communities coming soon

• Pulelehua - A master-planned community between Kaanapali and Napili, Maui. Affordable units are prioritized.
• Koa Waena - An affordable housing project by Peter Savio available to Maui residents only.
• Paradise Ridge Estates - Phase 2 is now under construction.
• Kuikahi Village - A workforce community being constructed for Maui residents.

Proposed

• Modea - Davies Pacific Center Conversion - Avalon Group recently purchased Davies Pacific Center and plans to convert two-thirds of it into residential condos.
• Elm Street Development - An unnamed project by Twenty Lake Holdings that will be located near Walmart by Ala Moana.
• 1538 Kapiolani Tower - The newest TOD project has its application in review. It'll replace CPB on Kapiolani Blvd.
• 1500 Kapiolani - A delayed development project that will replace Heald College. Rumor has it that it was canceled, but recent updates emerged that it's searching for investors.
• The Launiu Ward Village - A front-row mixed-use condo tower featuring 486 condos, commercial spaces, and scenic views of the ocean and Diamond Head, inspired by mid-century coastal design.
• Mahana Ward Village - A proposed mixed-use development in Ward Village, offering 340 condos across 34 floors with unique architecture, recreational spaces, and pedestrian-friendly amenities.