Kamehameha Schools has announced a new luxury condominium in Kakaako. Located at 888 Ala Moana Blvd on a site currently occupied a Cutter automobile dealership, the condominium tower is tentatively named Vida. It will be a 38-story tower with a total of 265 two-bedroom and three-bedroom units. The Kobayashi Group and The MacNaughton Group will be developing the 3.4 acre property, and have stated that the units will range from $900,000 to about $4.7 million. Duncan MacNaughton, the chairman of the MacNaughton Group, stated that Vida will be an "understated, yet superb" residential tower. MacNaughton added, "We've built a reputation on our uncompromising standards of quality, and Vida at 888 Ala Moana will set another benchmark of excellence for future residential communities in Hawaii."
The developers will still need to obtain a permit from the Hawaii Community Development Authority, but it should be approved considering that Vida is part of Kamehameha School's master plan called Our Kakaako. Our Kakaako as a whole has been approved to build up to seven towers with 2,750 units within nine contiguous blocks.
Source: Honolulu Star Advertiser, 6-26-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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