Oahu Real Estate: Where to Buy Now
The number of homes on the market has been remarkably small through the downturn, but prices are beginning to heat up. Here are three regions where your home-buying dollar might pay off more than others.
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Kakaako / Ward
In a few years, if everything develops in the same direction, Kakaako is expected to be an even more hip and vibrant area to live and work.
Through a gradual transformation with cool new businesses like the Whole Ox Deli and 808 Urban, and events like Pow Wow Hawaii and Eat the Street, Kakaako has become a happening place to be. Even some older bars in the industrial parts—Café Duck Butt, anyone?—have become hotspots with young socializers.
In a few years, if everything develops in the same direction, it’s expected to be an even more hip and vibrant area in which to live and work.
“If you look at Kakaako, you have to include the entire Ward area,” reminds Coldwell Banker Pacific Properties President Chason Ishii. “Kakaako doesn’t have the up-and-coming residential developments yet, but the commercial activity there is enhancing life for the residents in the adjacent area.”
In Kakaako itself, there are condos such as Royal Capitol Plaza, Imperial Plaza, 909 Kapiolani, Pacifica Honolulu, 1133 Waimanu, Waterfront Towers and Keola Lai, but Ishii points out that Hokua, Koolani, Nauru Tower, Hawaiki Tower and 1350 Ala Moana will also benefit from the renewed energy of the adjoining neighborhood.
It’s still a neighborhood to watch, as residential real estate continues to grow amidst the businesses, like A&B’s Waihonua condominium in the next few years, and Kamehameha Schools’ ultimate urban utopia planned for the more distant future.
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