Three More Towers Receive Approval in Kakaako

The Hawaii Community Development Authority has approved two new towers for developer Howard Hughes and the tower Vida, which will be located just one block Ewa of Ward Avenue on Ala Moana Blvd.  Tentatively, the new Howard Hughes towers will include  a 28-story tower with 123 units and a 35-story tower with 113 units. Both towers will be fronted by low-rise townhomes along Ala Moana Boulevard and retail space along Auahi Street. Vida will be a 39-story tower with 265 units, and is projected to sell for $900,00 to $4.7 million.  It will be located at 888 Ala Moana.  This project will be developed by MK Vida LLC, a partnership between local development firms Kobayashi Group and The MacNaughton Group.  Sales for Vida are expected to begin in March 2015.

Source: Honolulu Star Advertiser, 11-26-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Update on Vida at 888 Ala Moana

Developer MKVida LLC is proposing to build a 39-story luxury tower, called Vida at 888 Ala Moana, with 265 units priced between $900,000 to $4.7 million in Kakaako. Representatives of the project met with members of the Hawaii Community Development Authority and noted that they did find iwi kupuna, or Hawaiian burial remains, in the archaeological survey. However, the developer stated that they have already started meeting with the appropriate parties and will build the Vida tower away from this area.  There will be an open space including a protected area over the graves.

Source: Honolulu Star Advertiser, 11-13-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Vida - A New Luxury Condominium in Kakaako Announced

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
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com