Reserved Housing Workshops Underway for Ward Village
Ke Kilohana, the newest addition to the 60-acre Ward Village master-planned community, will begin marketing condominium residences early this year, according to the developer, The Howard Hughes Corporation.
Carrie Gorospe, Director of Ward Village Residential Marketing, said, “Ke Kilohana adds to the diversity of housing opportunities available at Ward Village. We are currently offering workshops for prospective buyers to acquaint them with qualifications to become eligible for reserved housing and coordinating with our project lenders First Hawaiian Bank and Honolulu HomeLoans.
“We want our buyers to be ready to take advantage of this new homeownership option as soon as the units go on the market. These workshops have resulted in an overwhelming response with over 2,500 people in attendance over the past month.”
The 43-story highrise at 988 Halekauwila at the corner of Ward will include 375 units reserved for qualified Hawaii residents and 49 market-priced units. Residences will include one, two and three bedrooms and range from 461 to 2,106 square feet. The project’s unique program calls for reserved housing opportunities with prices starting in the $300,000s for one-bedrooms. The sales process will open with Notice of Sale ads, which will be published in the Honolulu Star-Advertiser.
Designed by the award-winning architecture and design firm AC Martin and Honolulu-based architecture firm CDS International, Ke Kilohana will include a private movie theater, fitness center, keiki playroom, a co-working space, a music studio and karaoke room, dog stop, landscaped sky deck with barbecue grills, sky lanais overlooking the ocean, and indoor/outdoor lounges for dinner parties and casual events.
Basic buyer eligibility requirements for reserved housing include adjusted household income equal to or less than 140 percent of the Area Median income level and the buyer must not have owned or have a majority interest in a principal residence or a beneficial interest in a land trust or a principal residence within or outside the State for a period of three years immediately prior to the date of application. Also, the buyer must be a bona fide resident of Hawaii, a citizen of the U.S. or a resident alien, of legal age, and owner/occupant of the reserved housing unit.
“Ke Kilohana’s reserved housing will provide affordable options for Hawaii residents who wish to live in a vibrant master-planned community that is close to business districts in downtown Honolulu and Waikiki, as well as Kakaako,” Gorospe said. “Living in Ward Village means that everything you need is just steps from home, including terrific restaurants, shopping, and a future four-acre park that will become a neighborhood gathering place. It’s a new way of living in Honolulu with less commuting and more time doing what you enjoy.”
The Star-Advertiser newspaper announcements also will cover the application pickup and submittal period, the lender qualification period, the lottery drawing and unit selection.
To attend a Ke Kilohana reserved housing workshop, sign up online at kekilohana.com/ workshop or call 369-9601. Limited seating is available.