Here is the Village Master plan update:
Think about the value of putting 4,000 residential units in the most expensive housing market in the US that is currently experiencing a severe housing shortage (don’t forget the additional value of the >1MM sqft of retail/office they will build there) . Like Hawaii’s largest Whole Foods. Anyone worried these units might go unsold or suffer price drops due to a glut in inventory? Me either.
It is important to note that everything you see that is going to be developed, is wholly owned by HHC. They even recently attained rights to redevelop the harbor you see in front.
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Here is a fact sheet on HHC Ae’o
About 450 people on Saturday entered the owner-occupant “lottery” to buy a condominium at Ae’o in Ward Village.
The 466-unit mixed-use condominium tower will be built at the corner of Queen Street and Kamakee Street, and includes Hawaii’s future flagship Whole Foods Market.
KHON2 got a tour of one of the models.
The development offers studios, one, two and three-bedroom units.
Each will include partial ocean views and prices start in the low $400,000 range.
KHON2 spoke to one woman who was at the lottery for her daughter.
“She would just walk out of the condo, get her groceries go to restaurants, anything like that she would love it,” said Lindy Hashimoto.
Amenities include a lap pool with ocean views, a family area with a pool, a gym and a wellness center with steam and sauna rooms.
Construction is expected to be completed in 2018.