The Central Ala Moana is the next high-rise condominium to be developed by SamKoo Pacific, LLC, the reputable South Korean developer of Kapiolani Residence which sold out in a matter of months. The Central Ala Moana will be adjacent to world famous Ala Moana Shopping Center and a few minutes walk to Ala Moana Beach Park and the Ward Entertainment Center.
The Central Ala Moana has a total of 512 residences (310 of these residences will be designated for those who meet the residency, income & asset restrictions of HHFDC’s Affordable Housing Program for those earning no more than 100-140% AMI. There will tentatively be approximately 96 studios, 140 1-bedrooms, 226 2-bedrooms & 50 3-bedroom residences. Sizes will range from ~389 sq. ft. for the smallest studio up to as large as ~1540 sq. ft. for the largest 3-bedroom.
The building will be an “upgraded” version of The Kapiolani Residence with larger units, equal or “superior” finishes & more amenities. Sales at The Central Ala Moana are expected to start in late 2018 or early 2019, assuming the developer obtains all of the required governmental approvals, with completion expected sometime in 2021.