Ward Village Ke Kilohana Condominiums
BUILDING THE DREAM OF HOME OWNERSHIP
Kakaako, Honolulu, HI Homes for Sale
The Ke Kilohana condominium development is located at 988 Halekauwila St, in the Kakaako neighborhood, which is the former site of the Dixie-Grill restaurant and across the street from Sports Authority. It’s part of the 60-acre Ward Village project with a lottery for the reserve units.
The development is expected to be completed in late 2018 or early 2019 and will be located on the proposed rail line. At the base of Ke Kilohana will be a 23,000-square-foot Longs Drugs store, which will be the only commercial tenant for the building. Ke Kilohana is being constructed by the Howard Hughes Corporation and their first development in Ward Village.
The development targets Oahu’s working-class and first-time buyer community and sales are expected to start anytime, while the popularity of pre-sale workshops suggested strong demand for the project. Additional information for first-time home buyers can be found by working with your real estate agent.
The Ke Kilohana development is staged as a 43-story tower and will have one, two, and three-bedroom units. Of the 424 residences included in the development, 375 are expected to be priced from the $300,000s to the $500,000s, while the remaining 12 percent of units have yet to be announced.
The vast majorities of units are priced below market value, but carry restrictions on selling and renting, so be sure to read the development’s Covenants, Conditions, and Restrictions, and any Bylaws the developer creates.
They Ke Kilohana development is one of several multi-family solutions Oahu is look at for affordable housing options and offered to qualified first-time home buyers who are Hawai‘i residents and fall within certain income requirements.
The Reserve Housing Program was designed by the Hawaii Community Development Authority to encourage home ownership and help working-class residents who can’t afford market prices housing, and not eligible for many government programs that could assist them with their housing needs.
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WHERE HOME OWNERSHIP HAPPENS IN HAWAII KAI HONOLULU
Information posted on realtyuniversal.com by Wes McKibbon at The Home Buyer’s Korner are for educational purposes only. Every situation can be different and can be unique to a reader’s particular needs; do not consider anything you read on realtyuniversal.com as absolute or partial advice for your specific needs. Seek the advice of a qualified and suitable professional in your area for advice particular to your situation. The advice given may not produce the same results in your area and the information given here is not intended to cover all aspects of any given topic. Nathalie Mullinix REALTY UNIVERSAL, Inc., cannot be held responsible for the opinions and advice posted from by Wes McKibbon at The Home Buyer’s Korner, nor can we or do we validate the accuracy. The Home Buyer’s Korner is not a real estate brokerage, mortgage lender, general contractor, lawyer, accountant, appraiser, surveyor or any other licensed based professionals, but is an industry leader and a highly respected retired FHA underwriter. If you have a specific question regarding one of those areas, you should seek advice from a licensed member of that particular profession. This page and all other pages posted by Wes McKibbon are intended for educational purposes only including discussion, suggestions, ideas, etc., to better serve interested parties that have chosen independently to engage in active participation
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