Ālia is a planned mixed-use project that will offer 477 units.
The Kaka‘ako area continues to host new residential developments located close to beaches, parks, and shopping centers. Kahuina at Our Kaka‘ako is particularly unique because it will offer units at a variety of price points, including affordable housing, workforce housing, and market rate housing, expanding opportunities for future homeowners.
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Kahuina Kaka‘ako will be a part of Increment II of the master-development and is currently in the planning phase. Although some of the details have not yet been revealed, there is some information that is already available. The Kahuina project is by the Stanford Carr Developers and will feature a total of 859 residential units across 2 high-rise towers in the heart of Kaka‘ako.
The first tower, to be named Lamaku, will be 43 stories in height. Lamaku will have 120 workforce housing units and 329 market-rate units. The other tower, to be named Mamalu, will reach 32 stories, with 125 affordable housing units and 273 workforce units. Both towers will have use of the 9-story parking deck, which features more than 1,000 parking stalls. Additionally, there will be 12 live/work lofts as well as places for residents to gather together.
Construction for Kahuina Kaka‘ako is planned to begin near the end of 2023, and developers expect the project to be completed in 2026. While pricing has not been revealed at this time, 60% of the units will be reserved as affordable housing units. To qualify for this program, applicants must meet particular income requirements and must not be majority owners in a principal residence (either inside or outside of Hawai‘i). Additionally, applicants must be residents of Hawai‘i, US citizens, and at least 18 years of age. There will also be requirements to physically live in the unit purchased through the program for a particular amount of time (to be disclosed when further information is released).
This program is an excellent opportunity for first-time home buyers to invest in a home. To get an idea of potential pricing, we can look at other units in the area with plans that are similar to Kahuina. For example, typical floorplans in the area include studio (selling for $270,000 through $355,000), 1-bedroom (for $400,000 through $560,000), 2-bedroom (from $500,000 through $650,000), and 3-bedroom (from $550,000 through $720,000) units. More details about pricing that is specific to Kahuina are expected to be revealed over time.
Since Kahuina Kaka‘ako is still in the planning phase, some components of the development are not yet set in stone; however, there are building features of other places in the area that will likely be replicated in Kahuina. Future residents can anticipate beautiful ocean views that can be seen from individual private lanais.
Similar to the amenities of other units in the area, future Kahuina residents can expect to enjoy a fitness center with a yoga room as well as a pool and spa. Barbeque and patio areas are also likely to be included near the pool area. Most complexes feature a children’s play area and a dog park for the kids and the pets to expend their extra energy.
Since many people are now working from home, some buildings have started to provide co-working spaces as an additional amenity. Residents may also have access to lounge lanai and a community living room. These amenities provide additional spaces to relax without even having to leave the building, which is both convenient and cost-effective.
There are several master-planned communities coming about in the Honolulu region. Each development offers its own layout and cultural aspects, providing a “neighborhood feel” for residents. These developments are made to be walkable and bikeable, with a focus on physical activity (especially outdoor activity, given the beautiful weather) and environmental sustainability. The locations are unbeatable, with close access to parks and beaches in addition to opportunities for shopping and dining.
Our Kaka‘ako is a development that is currently underway, with the first increment having already been completed. Approved back in 2009 by the Hawai‘i Community Development Authority, Our Kaka‘ako will cover a total of 9 city blocks across about 29 acres of land. Increment I, which takes up the first 4 blocks, offers 1,336 residential units, with 34% of these homes being leased as rental units. This increment also includes 184,000 plus square feet of commercial space as well as 50,000 plus square feet of open space (or greenery, sidewalks, etc.). Installment I also features SALT at Our Kaka‘ako, a gigantic commercial establishment featuring restaurants and retail stores.
Like the first installment, Increment II plans to continue with the features Our Kaka‘ako is known for, including plenty of green space, walking paths, restaurants, and shopping centers. Increment II will cover the last 5 blocks of the planned development. The neighborhood will offer mixed-income housing, with opportunities to purchase or rent homes at affordable, workforce, or market rates. Our Kaka‘ako will feature both low-rise and high-rise buildings with top-notch amenities for residents. Given the variety of housing options that are planned or have already been established in the community, it is not surprising that the area has become more and more popular.
Like other master-planned developments in the area, the developers of Our Kaka‘ako have considered the convenience of the residents while making their plans. The neighborhood in itself is very walkable and is accessible to numerous restaurants and retail spaces. In fact, Kahuina is close to SALT at Our Kaka‘ako, a huge retail space featuring over 85,000 square feet of commercial space. SALT won the award for Shopping Center of the Year in 2018 and is a popular place to visit and spend time with friends.
Additionally, Kahuina will be close to plenty of outdoor attractions. The buildings will be constructed near Mother Waldron Park and an additional planned park to be named Makai Gateway Park. Furthermore, Kahuina will only be about a mile away from Ala Moana Beach.
As the Our Kaka‘ako master-planned community continues to make its way through the design and construction phases, the area becomes more attractive to future home buyers. With opportunities for families of different income levels, Kaka‘ako provides a wonderful foundation for investing in a new home!