Kakaako is a mixed-use neighborhood of Honolulu that is located between Ala Moana and Downtown Honolulu. The Kakaako neighborhood is one of the fastest growing areas in Honolulu, with many luxury mid-rise and high-rise condominiums either built, being built or planned for the future. There are a number of developers in the Kakaako neighborhood who envision building up to 30 mid-rise to high-rise buildings over the next 20 years. Kakaako neighborhood of Honolulu is a great place to live if you want a new condominium with the convenience of being close to shops, restaurants, a movie theater, Ala Moana Beach and the Ala Moana mall.
Howard Hughes corporation and Kamehameha Schools are the largest property owners in the Kakaako neighborhood. Howard Hughes is planning on building up to 16 buildings in the Kakaako neighborhood. Waiea is Howard Hughes first project that was developed by Howard Hughes. Its new residence will feature an infinity pool, hot tub, fitness center, dog park, indoor simulated golf range, and a theater.
In addition to luxury high-rise condo buildings, developers plan on building affordable and mid-range housing in the Kakaako neighborhood. So those people that cannot afford the high prices of luxury high-rise condos also have a chance of purchasing condos in this up and coming area. For example, the Ke Kilohana, being developed by Howard Hughes, is a high-rise condo development for first-time homebuyers. There will be approximately 375 units in this building that will be priced below market. There are income restrictions and other restrictions though, for those who are interested in buying in this development.
See video below of Howard Hughes future plans for the Kakaako neighborhood of Honolulu.