THE FIRST RESERVED HOUSING OPPORTUNITY AT WARD VILLAGE
LOCATED AT 988 HALEKAUWILA STREET
1, 2, AND 3 BEDROOM RESIDENCES FOR AN URBAN, MODERN LIFESTYLE
DESIGNED BY AWARD-WINNING ARCHITECTURE AND DESIGN FIRM, AC MARTIN AND HONOLULU-BASED ARCHITECTURE FIRM, CDS INTERNATIONAL
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Everything You Need to Know About 988 Halekauwila
Howard Hughes is moving forward on the highly anticipated 988 Halekauwila, now to be renamed “Ke Kilohana.”
The Hawaii Community Development Authority (HCDA) gave its final approval in late July on The Howard Hughes Corporation’s Kakaako residential project at 988 Halekauwila Street. The Texas-based developer plans to start construction on the mostly affordable for-sale condominium tower across from the Ward Ave Sports Authority by late 2016, according to senior leadership at the company. Originally approved as a For-Sale development, the project was then proposed by the developer as a Rental project for fifteen years. However, the HCDA board struck down that request, requiring a period of thirty years as a Rental. As a result of this requirement, The Howard Hughes Corporation decided to stay with its original plan for the building to be a For-Sale project.
Its original permit includes building a tower with 424 For-Sale units, which is made up of 375 “Below-Market” Reserved residences designated for those Buyers who are:
- At least 18-years of age
- U.S. Citizens (Green Card holders included)
- State of Hawaii Residents
- First-Time Buyers (or those who have not owned real estate for the last 3 years)
- Make no more than 140% of Honolulu’s Median Income per the federal Department of Housing and Urban Development (HUD) guidelines for 2016 (yet to be released) for their household size
and 49 Market residences open for anyone to purchase at Current Market Prices w/no restrictions.
The Good News is that the Ke Kilohana Reserved residences will also have units for those who make no more than 100% and 120% (as well as 140%) of the Honolulu Median Income, making it potentially more “affordable” than many of the most recent Reserved Housing residences offered in other new condos in Kaka’ako. There are other requirements to qualify for and specific procedures to purchase any of the “Below-Market” Reserved Housing residences. For further details, or if you have any questions, please contact me below under Register Your Interest.
The project, which is being planned for the former site of the Kanpai Bar & Grill, Dixie Grill, and California Rock ‘N Sushi, is part of The Howard Hughes Corporation’s first phase of its 60-acre Ward Village master plan.
Under the current rules, Howard Hughes can’t move people into its Waiea and Anaha luxury condos, which are also part of phase one, until it puts financial assurance that it will build Ke Kilohana (988 Halekauwila), or starts construction on the project.
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For more information, simply call me at 808-372-2274 or email me at email@example.com.