WHAT YOU NEED TO KNOW
WHAT IS ALL THE BUZZ ABOUT
One of the newest planned projects in the Midtown Ala Moana district is Ke'eaumoku Towers. Ke'eaumoku Towers is slated to be a 400-foot tall twin-tower complex with each tower providing approximately 482 units for a total of 964 residential units in the project. It is projected that 836 units sold at market price and the remaining 128 units to be sold as affordable housing units under the Honolulu Affordable Housing Guidelines with restrictions on income and occupancy. The building is a mix-use project and will incorporate commercial retail space on the lower levels of the building. There will also be a park on the frontage on the corner of Ke'eaumoku and Rycroft Streets.
WHERE IS KE'EAUMOKU TOWERS
As with most projects, details slowly leak into the public space as developers make their way through the permitting and approval process. Here is what we know so far. Ke'eaumoku Towers doesn't exist yet. However, the project will be coming up right across of the HMSA building and just a few blocks away from Ala Moana Shopping Center. Ward Village in Kakaako will be a short ride from the planned Ala Moana Rail Station. Arguably one of the largest projects in the Midtown Ala Moana neighborhood, Ke'eaumoku Towers will sit on 3 1/2 acres which are now twelve separate existing parcels. The Ke'eaumoku Towers project will border, Ke'eaumoku Street, to the west, Rycroft Street, makai, Liona Street, mauka, and Ahana Street on the east side, however, the project will not touch Ahana Street as there are some existing buildings that are not part of the 3.53-acre space. Ke'eaumoku Towers will likely be the crown jewel of Midtown Ala Moana. Ke'eaumoku Towers is just one of many new projects moving into the Midtown Ala Moana neighborhood. In recent years, there have been 5 other new highrises approved in the neighborhood; Two recently completed projects, Kapiolani Residence, and One Ala Moana have gotten a lot of interest, and Azure Ala Moana, Sky Ala Moana, and The Central Ala Moana are all currently under construction as well. The transformation of this old neighborhood into a modern urban core is spurred by the infusion of high-rises which will bring a variety of businesses back to the neighborhood. Expect to see more restaurants and retail establishments return to the area. Of course, with growth comes change. Ke'eaumoku Towers will replace a few favorite local eateries such as Asahi Grill, Sorabol, and Yogurstory, but we hope to see these businesses rise again in the new commercial spaces in the project or around the neighborhood. The Honolulu City Council has also approved a height variance from 180 feet to 400 feet, for Ke'eaumoku Towers as it is within Honolulu's Transit-Oriented Development (TOD) zone.
MIDTOWN ALA MOANA LIVING
Midtown Ala Moana has been revitalized with all the new construction going on. With Ke'eaumoku Towers being the new kid on the block, so to speak, the neighborhood is transforming and becoming a new goto area in a new and revitalized Honolulu and is rivaling the transformation of nearby Kakaako; a neighborhood that shares that urban-Honolulu feel. Midtown Ala Moana finds itself within the city's TOD Zone which calls for the development of planned pedestrian-friendly infrastructure promoting walkability, biking, ride-share, and mass-transit usages like bus routes and the Rail.
Residents at Ke'eaumoku Towers will realize a huge benefit from this TOD planning, especially as some of the other projects in the neighborhood are completed. Ala Moana Shopping center is few blocks down Ke'eaumoku Street and offers world-class shopping, dining, retail, and entertainment. Looking to venture out of the neighborhood? MidTown Ala Moana residents will be able to utilize the future planned Ala Moana Rail station for ease of commuting through Ward Village in Kakaako and beyond, alleviating the need for a car.
Why is Midtown Ala Moana experiencing a rebirth? All of this development is happening and made possible because of TOD. The Ala Moana Rail Station is the last planned stop of our soon to be live rail system and will be located near the intersection of Ala Moana Blvd and Ke'eaumoku Street. The area surrounding Ke'eaumoku has benefitted from the zoning changes allowing more density with looser parking requirements. The whole idea behind developing around mass transit infrastructure is to reduce the urban sprawl which is happening on our island. By going up inside our urban core, around rail stations and other mass transit routes, it will promote the use of rail to commute, walking, or riding a bike with future residents. The goal being to get people out of their cars and using other forms of transportation is part of the bigger picture, after all, who really does want to sit in traffic for 3 hours a day?
WHAT TYPE OF UNITS WILL BE AVAILABLE
The project will provide studios, one, two, and three-bedroom units. Early plans show that every unit is will have a lanai and will also come with at least 1 or 2 parking stalls. The breakdown of the units is as follows --
Affordable Housing Units: 128 Units. Prices & Restrictions - Coming Soon
Market Units: 836 Units. Prices - Coming Soon
- Studios (380-425 sq ft)*
- 1-bedrooms (580-710 sq ft)*
- 2-bedrooms (780-950 sq ft)*
- 3-bedrooms (1,245 sq ft)*
*Square footages are proposed sizes set by the developer according to the Department of Planning and Permitting. The actual square footage may vary and/or change at any time subject to the discretion of the developer and DPP.
Total Units: 964 Units
Maintenance Fee: TBD
The project itself, as previously mentioned, will be displacing some local favorites, however, as far as commercial space goes, there are plans for as much as 88,000 square feet designated for commercial spaces of varying sizes that will be the future home of retail shops, offices, restaurants, and other eateries, coffee shops, and possibly even a small grocery store. Included in the plans is an adjacent 12 story parking garage that will be built to more than satisfy the residents and the guests of the commercial spaces.
Based on the initial application to the Department of Planning and Permitting, Ke'eaumoku Towers appears to follow in the footsteps of other recent new construction projects by incorporating commercial retail space on the lower levels of the building. There will be a park on the corner of Ke'eaumoku and Rycroft Street which will span over 1/2 acre as well as a shared amenity deck topping the parking structure. A full list of amenities haven't been released yet, but may include a swimming pool, recreation area, and playground/tot lot. The project will also have car-sharing spaces and bike-share stations, the final number which hasn't been determined yet.
The project is tentatively set to be introduced at the end of 2020 with sales beginning early to mid-2021 but may change due to COVID-19 and other factors.
HOW DO I PURCHASE A UNIT AT KE'EAUMOKU TOWERS
Obviously, the building isn't for sale yet; but as developers push through the planning process, we will eventually get more information as it comes down the pipe when the project starts gearing up for launch. For now, the best way to keep informed is to join our Interest List below where we will send out real-time updates including new artist renderings, availability of Model Home Tours, Official Pricing, Floor Plans, Sales Launch Dates, and other Developer News! Be the first to hear about breaking news on Ke'eaumoku Towers.
Purchasing a new construction home can be a foreign process, especially given the number of options available today. Our job is to help you cut through "the noise" and determine which building(s) best reflects your needs and lifestyle.
DISCLAIMER: YOURNEWHOMEINHAWAII.COM IS NOT THE OFFICIAL WEBSITE FOR THE PROJECT.
Lester A. Salazar (RA) and YourNewHomeInHawaii.com CURRENTLY DOES NOT represent the Developer/Seller but is providing this information as a Buyer's Agent with respect to any sale within the project. As a buyer's agent, Lester will be there to help you every step of the way and will look after your best interests. Lester is a full-time real estate agent in the state of Hawaii and an independent contractor with Coldwell Banker Realty and the Lead Agent of THE WAIKELE GROUP.
All information and renderings have been pulled from public records and are subject to change by the developer. In order to position yourself with the best possible chance of securing a unit, please register or contact us for updates.