New Condo Projects Coming to Honolulu

Up-to-date map on new condo projects in Honolulu.

News on Condo Developments in Honolulu

Ward Village Update (Jan 14, 2015)
Waiea ~85% sold out and Anaha ~75% sold out. Howard Hughes has obtained permits for 2 x Gateway Towers (ultra-luxury) and approvals with permits pending for the "WholeFoods" project  (permits expected to come through soon) and Block I (Marukai Market) project - sales also expected to begin around summer time. In the IBM building (where Howard Hughes has their showrooms for all projects) the Waiea showroom is expected to come down in about 2 weeks time and the WholeFoods Projects will take over that location for its showroom. On the 3F in the building construction is under way to set up the showroom for the Gateway Towers. 

Here is a brief video we put together of the condo development plans in Ward Village.

- See details on upcoming Ritz-Carlton Waikiki project.
01/09/2014 - Ultra-luxury Park Lane condo at Ala Moana will tomorrow - Jan 10 - begin the owner-occupancy sales with pricing in the ~ $1.2M - $28M range (1BR - 5BR).
01/07/2014 - Waihonua has recorded on about 1/3 of all units. Remaining 2/3 of units expected to close over next 4 weeks.
12/12/2014 - Howard Hughes is planning to submit plans, which would replace the Marukai Market with a tower boasting a mix of residential and commercial units. Project would come after the planned project on the old Nortdstrom Rack lot, which will include a Whole Foods store.
11/25/2014 - Ultra-luxury Gateway condo project (2 towers with commercial space on lower floors) received approval from Hawaii regulators to built on the existing Ward Warehouse lot, along Ala Moana Blvd, next to upcoming Waiea. Sales anticipated to begin spring / summer 2015.
11/20/2014 - Ultra-luxury Park Lane unofficialy sales ongoing for investors - average around $2,400 / sq ft. 
11/18/2014 - One Ala Moana (luxury condo on parking lot by Nordstrom in Ala Moana Shopping Center) is completed and owners are picking up keys this week.
11/13/2014 - Ultra luxury Waiea is about 80-85% sold out and Anaha about 75% sold out.
11/10/2014 - Gateway is the name for ultra-luxury condo expected to come for sale mid 2015, located on Ala Moana Blvd west of Waiea. Architect is world renowned Richard Meier.
11/05/2014 - Keauhou Lane condo project sales expected to begin end 2014 / early 2015. Project is mid-range with 1BR expected to start a little over $400K and 3BR starting at ~ $850K. High-rise tower and townhomes.
10/07/2014 - Lottery deadline for 400 Keawe St project by Castle and Cooke and Kamehameha Schools is just around the corner. 
09/26/2014 - Supposedly plans are ready for 2 new luxury condos west  of Waiea on Ala Moana Blvd and an additional 2 more towers behind Waiea for a total of 4 new condos coming to Kakaako, by Howard Hughes.
09/22/2014 - Plans to built a 466 unit highrise on the current location of Nordstrom Rack in Kakaako. More details expected November.
8/12/2014 - Howard Hughes in early stage planning to replace Ward Warehouse with condo projects - read more.
7/9/2014 - Ultra luxury condo Park Lane Ala Moana and luxury Anaha condo - both in Kakaako - to begin construction within the next few months. 
6/27/2014 - Howard Hughes Leases Kewalo Basin Harbor, which probably means a revitalizaion and upgrading of the harbor.
6/25/2014 - Luxury project dubbed "Vida at 888 Ala Moana" coming to Kakaako. Read more here.

Upcoming New Condos in Honolulu

It seems every time you turn around there are new condos in Honolulu going up. It's an exciting time for Oahu's 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. There are also development plans in Waikiki, though on a much smaller scale.

The creation of this burgeoning neighborhood, Kakaako, 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 the historic IBM Building (Queen St) - the easternmost area, closest to Ala Moana - known as the 'Super Block', due to its density of development. The Super Block is made up of 6 popular high-rise condos: Hokua (2006), Koolani (2006), Nauru Tower (1990), Hawaiki Tower (1999), Waihonua (2015) & 1350 Ala Moana (1968).

Together Kamehameha and Hughes are 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 roughly defined by Ward Ave on the West (including a few lots west of Ward Ave), 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.
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For more information
call (808) 943-9000 or use contact form.

Kristian Nielsen, Owner (RA)

Originally from Denmark, Kristian has spent his entire adult life overseas. His career took off in the financial market in London, followed by 10 years in Tokyo, where he established and ran a leading executive search firm. He was trusted by several clients to facilitate senior and challenging hiring needs, demanding superior negotiation skills.

Kristian has studied and followed Oahu's real estate market for more than a decade and in 2008 he invested in his first oceanfront condo in Diamond Head. He has a wealth of knowledge on the local market and excels at the negotiation table, navigating even the most complex and challenging situations with a calm and steady hand. 

Kristian had a vision to create a different kind of real estate firm, utilizing the Internet to offer more insight to Oahu's real estate. He had an idea to offer content in a format digestible for the beginner, yet educational for the savvy investor. The thoughts lead to the creation of Honolulu HI 5.

Kristian lives by Diamond Head with his family and when he isn’t working you will often find him walking his Newfoundland dog by Kapiolani Park or going for a swim at Kaimana Beach. He is also the owner of Hawaii Job Engine - an online job board free to the local community.

George Krischke, Principal Broker (R)

Originally from Germany, George moved to Los Angeles in 1985 and has been a resident of Hawaii since 1991. With a strong entrepreneurial background and a keen sense for analyzing properties George started as a real estate investor over 20 years ago and has been a licensed Realtor in Hawaii since 1995.

Due to his acknowledged work ethic, problem solving skills and extensive experience in Oahu's real estate market, George has successfully built a professional reputation for excellent service. He has earned a strong client base through repeat business and referrals from his many satisfied clients. He attributes his success to experience, integrity, market knowledge, hard work and commitment to excellent service, representation and client satisfaction.

George has continuously been at the pinnacle of production in general real estate brokerage as well as a number of developer project sales, including Lanikea at Waikiki and Moana Pacific.

George lives with his wife and young daughter at The Watermark and during his pastime you might see him running and swimming at Ala Moana Beach.

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