A new mix-used 42-story building will soon grace the Kaka‘ako skyline, offering mountain, ocean and city views for a few lucky residents. Residing in the urban, commenter-friendly Kaka‘ako neighborhood, Illilani condo residents will enjoy diverse eateries, hip nightlife, fun festivals, and internationally-famous outdoor murals. Even more future development is expected in the live-work-play neighborhood, as the Honolulu rail will have a Kaka‘ako stop, making commutes to the airport easy.
Ground broke on this 328-unit condo building in October 2019, led by developer Kenneth Kai Chang. The tower will join recently constructed 400 Keawe, Keauhou Place, Keauhou Lane, and The Collection, and will also offer 165 affordably priced units.
What is it like to live in Ililani in Kakaako?
Kaka‘ako is hip and hospitable – with beautiful apartments, a convenient waterfront location, excellent eats, fun festivals, and cultural events. Located between Waikiki and downtown Honolulu, the old warehouses of Kaka‘ako are adorned in extravagant murals, many of which were painted by local and global artists during the yearly POW! WOW! festival. There continues to be an influx of trendy businesses, like microbreweries, hidden speakeasies, luxury shops, and more.
Live, work, and play in Kaka‘ako, or explore the many options nearby. A quick drive or leisurely stroll away is the world’s largest open-air mall, Ala Moana Shopping Center, with over 350 shops and restaurants. Down Pohukaina Street is a state-of-the-art gym, UFC GYM BJ Penn. Ride a bike or walk a few blocks to the Kaka‘ako Waterfront Park, Kewalo Basin Park, or Ala Moana Regional Park – where the pristine Pacific waters can be enjoyed while surfing, snorkeling, SUPing, or simply relaxing. Only a 130 yard walk away will be the soon-to-be-built Kaka‘ako rail stop, easing a trip to the airport or to the west side of O‘ahu.
What are the unique building features of Ililani?
The 42-story Ililani will offer 328 affordable and market-rate condos in the heart of Kakaako. One- and two-bedroom units will feature lanais and natural light. Each unit is stylishly designed with efficient layouts. Clean, contemporary finishes and top-end GE and Samsung appliances make these units seem much posher than their price – all within the hot Honolulu neighborhood of Kakaako.
One-bedroom, one-bathroom units range from 520 to 560 square feet with around 70 square feet of lanai space. The two-bedroom, two-bathroom units range from 750 to 830 square feet and also feature around 70 square feet of lanai space.
What amenities will Ililani offer?
Ililani’s amenities create a vertical community aimed at ensuring residents enjoy living within the building and are equipped to work and play in the Kakaako neighborhood. For fun inside the building, Ililani will feature a recreational deck atop its parking structure on the 9th floor – with a splash pool, relaxation areas, and barbeque grills. An outdoor cinema will offer frequent movie viewing evenings, and a community garden will enable residents to grow their own fruits, vegetables, and herbs.
To facilitate working, socializing, and exercising, Ililani offers additional amenities. On Ililani’s second floor, there will be two large spaces: 1) an E-longue with Wi-Fi access, conference tables, sound-insulated work booths, presentation tv’s and a coffee bar; and 2) A multipurpose room that could host catered first birthday parties or even large business meetings. And on the ground floor, there will be bike and surfboard working stations to ensure you can fix equipment to enjoy the Hawaii waves and Honolulu bike paths.
What is the construction status of Ililani?
After 564 applications were submitted to enter the lottery to buy the 165 one- and two-bedroom affordably priced units, ground broke on the Iilani condo in October 2019. The developer gained initial approval from the state for breaks in regulatory fees and zoning regulations.
However, when Ken Chang, the developer, began writing the sales contracts in February 2020, the global coronavirus pandemic began, causing buyers to become reluctant about proceeding. As of late May 2020, the developer had 101 sales contracts for the 328 units, causing the project’s lender to halt the release of the money for construction. Thus, construction has not begun as planned, and most likely the building will not be completed in 2022 as planned.
The developer is considering plans to re-price the market-priced units to secure more sales contracts and also thinking about altering the parking structure to save costs and add additional parking for units. The estimated cost to build Ililani is $176 million as of July 2020.
I want to live in an Ililani condo for sale! How can I learn more about Ililani in Kakaako?
There are seven real estate salespeople who assist potential buyers with purchasing an Ililani condo for sale. Because of coronavirus restrictions, they are currently offering customized digital tours. Ililani hopes to reopen their showroom once the coronavirus pandemic ends.
If you would like to stay up-to-date and learn more about living in Ililani condos for sale, fill out the form at the right.