New Kakaako Tower Ready To Top Off
The highest floors are currently being added to the 400-foot Keauhou Place high-rise condominium located at 555 South St. According to developer Stanford Carr, the project is on schedule and topping off of the 43-story tower is set for March 7.
The 388-unit luxury high-rise will include one-, twoand three-bedroom units priced from $357,000 to $1.4 million, 35 two- and three-bedroom townhouses priced from $650,000 to just over $1.1 million, plus a 23,900 square foot recreation deck with swimming pool, spa, landscaped areas, barbecue facilities, fitness center and community room. Seven levels of parking with a total of 755 stalls will provide both assigned resident and guest parking. The garage also will contain 2,800 square feet of street-level commercial space to serve the future HART transit station.
Twenty percent of the residential units will be reserved for buyers earning between 100 and 140 percent of the median income for the area to satisfy HCDA requirements. Twenty-one units in the tower and four townhouses are still available. Eighty-nine percent of the units sold to date have been purchased by Hawaii residents, and the first buyers are expected to begin moving in this November.
Master-planned by Alakea Design Group, the new Keauhou Lane urban community is located on a block within Kamehameha Schools’ Kaiaulu O Kakaako Master Plan bounded by South, Halekauwila, Keawe and Pohukaina streets, and also includes a six-story structure with 209 rental apartments, 31,000 square feet of commercial space with a Down to Earth neighborhood grocery and restaurants, 280 parking stalls and 20,000 square feet of recreation/open space.
The neighborhood will feature walkable “complete streets,” which are part of a new urban neighborhood vision of Kamehameha Schools. The redevelopment of the entire nine-block neighborhood will take place over 15-20 years.
Sales are being handled by Locations and Pacific Island Realty. The sales center is located at 500 Ala Moana Blvd., Ste. 3A. For more information, call 439-8300 and visit the website at keauhouplace.com.