It seems every time you turn around there are new condos in Honolulu going up. It's an exciting time for Oahu real estate
, as these new condo developments in Honolulu are breaking ground or being planned at a rate not seen in decades. It's also an extremely confusing time for those who want to jump in with so many different projects and intense competition to own these new units.
What should you do?
In this accelerating development era it's vital that you have both a solid strategy and expert guidance. Without that, you can be left empty-handed or, worse, pay too much due to 'auction fever'. Avoiding one of these outcomes starts with learning something about the growth that's got the market in an uproar.
Get background and information about what's happening in Kakaako. What are your best options for buying? How can you get the most for your money? Is there a condo project that fits your lifestyle best - one that you haven't heard about yet? Will the condo have forever unobstructed ocean views? While buying here is generally a smart decision, it's not smart to put down money on a place just to be in the market. That's how investments go bad.
We can give you advice about your options and guide you to where you should be. Not where the developer wants you to be. We don't have an interest in any one condo project, so we're free to tell you what's best for you in the long-term, as a Kakaako resident or investor.
Feel free to contact us to ask the questions you need answers to, so your time, and money, are well spent. We can help identify the best new condo developments in Honolulu, suitable for your lifestyle.
Where are the New Condo Developments in Honolulu?
Without question, the name on everyone's minds is Kakaako, which, ironically, means slow in Hawaiian. This mainly industrial area is just beginning the transformation that will turn it into a dynamic neighborhood that promises the best in urban outdoor lifestyles, luxury living and a perfect location bridging Downtown and Ala Moana.
The creation of this burgeoning neighborhood is primarily the work of 2 major entities - Kamehameha Schools and the Howard Hughes Corporation. Howard Hughes owns 19% of the land in Kakaako, while Kamehameha has 17%.
Kamehameha will be transforming 29 acres of their land here, under a project called 'Our Kakaako', which make up the western section, closest to downtown, of the entire redevelopment. Lying next to it on the East is Hughes' 'Ward Village' concept, spread over 60 acres total (red line in below picture shows the area of Ward Village).
There's actually a 3rd major section, aside from the Hughes & Kamehameha communities, which takes up the property between Piikoi St and Hokua (Queen St). It will be the easternmost area, closest to Ala Moana & Waikiki, of the Kakaako redevelopment. This is known as the 'Super Block' due to not only the density of development, but also the number of different developers working within that piece of land.
Together they're expected to build close to 30 new Kakaako condo towers in the coming years (~ 22 condo buildings by Howard Hughes in "Ward Village" and ~ 7 condos on land owned by Kamehameha Schools in "Our Kakaako"). Many will take their place among the finest Honolulu luxury condos, once completed. Keep in mind, though, these new condo developments in Honolulu will ultimately include a broad range of units, including affordable and mid-range housing.
Insight to Kakaako
Residents will enjoy broad pedestrian paths & boulevards all over the district. Enjoy a refreshing stroll at the end of the workday or walk to an enticing new restaurant nearby you've been always wanting to try. Alongside convenient shopping, you'll also find senior centers, recreation areas and playgrounds. All ages can find a new condo in Kakaako that feels welcoming and like home.
Here is a picture showing how Howard Hughes envisions the future of condos in Kakaako will look within the Ward Village.
Along with this smart development you get the best of nature's treasures as well. Soft, enveloping beach, the infinite blue ocean, wide green parks - they're all within your reach now. No climbing once again into the car every time you need to just get out for a while. Kakaako’s new development is built around easy access to every aspect of life.
The Collection - Something for Every Taste
One example that embodies what's happening here is a planned complex called The Collection, which will stand upon the former CompUSA location on Ala Moana Blvd. It'll satisfy numerous tastes at once with a 43 story/397 unit tower, 54 more units in a low-rise 4 story building plus one more unique touch; 16 3-story townhouses.
Shops and eateries will take up space in one other structure that'll also provide parking. It's Kakaako in miniature with its convenience, open spaces, a choice of living options and everything you need right on your doorstep. As you can see, this is not a renovation, it is a rejuvenation of and in the life of Kakaako.
Ward Village - Urban Development Guided By a Vision
Another significant new neighborhood will be Ward Village, being built on land owned exclusively by Howard Hughes. The neighborhood will be defined by Ward Ave on the West, Ala Moana Blvd on the South and Queen St as both eastern and northern borders due to its curved path.
The fact that the company owns all of this land makes certain that its vision of integrated shopping and services, such as grocery stores, parking structures and dining options will be a certainty. These elements are an integral part of the Kakaako 'outdoor living space' lifestyle, rather than afterthoughts added wherever they could be fit in - something that happens too often in fast developing Honolulu.
Howard Hughes has also made clear their intentions to build luxury units that, at least in some cases, will raise the bar in Hawaii. One in the works is a penthouse property with almost 20,000 sq ft of space over 2 floors, complete with its own private pool. So far that's all the details they've given, other than a promise that living there will be an unprecedented experience.
All of Ward Village, when completed, will contain about 20 condo projects, but will not be defined by concrete sprawl. Hughes has planned a 4 acre park so the community will have ample room to breathe and enjoy the beauty of this place. The defining concept Kamehameha Schools, the other major landowner, and Hughes have jointly set down is that Kakaako will be a place to Live, not just reside. There's a big difference.
The utter commitment by Howard Hughes to this project is unmistakable if only from the approximate $20 million they've spent remodeling the landmark IBM Building into an Information & Sales Center specifically for this undertaking.
Be a part of this incredible community that will only get better and better. Make sure you get the timing right and end up in the best condo for you and your lifestyle. Feel free to contact us and learn what you need to know about making your home a new condo in Kakaako or one of the other new condo developments in Honolulu.