Sales for affordable units have begun and applications are being accepted until August 24 at 5pm.
Another Kakaako condominium will soon etch its place in Honolulu’s skyline. Introducing Ililani, a 42-story condominium consisting of 328 units with a mix of one and two bedrooms. Located at the corner of Keawe and Halekauwila street, Ililani will be one block mauka of SALT Kakaako. The developers are two brothers from California, Kenneth and Henry Chang. Both have done several residential projects in California – San Francisco and Beverly Hills. This is their first residential development project in Hawaii. Kenneth and Henry are both architects and have partnered with CDS International to design the building.
The project will have 165 affordable and 163 market units. All one-bedroom and roughly 30 two-bedroom units will be affordable under Hawaii Housing Finance Development Corporation requirements. Applicants falling within 80-140% average median income (AMI) will be eligible for these units.
The affordable units will also have a 10-year buy back restriction. Proposed unit sizes will be 500-600SF for one bedroom and 700-800+SF for two bedrooms. All units will come with split AC in each room and a lanai.
Amenities will include:
- Barbeque Grills
- Great Lawn
- Citrus Grove
- Plunge pool
- Community gardens
- Relaxation area
- Workspace and Lounge
- Bike and surfboard storage
- Multipurpose room
- Ridesharing program allowing residents access to a private fleet of shared vehicles owned and managed by Ililani
There will be a few commercial spaces on the ground floor. Prices for Ililani start in the low $300K’s for the affordable units and starting at $600K’s for two bedroom market units. Maintenance fees are anticipated to be $.53/sq. ft.
If you would like to get more information on this project or visit the sales center, give our office a call at +1 808-753-9033.