Innovative Residential Community in Kakaako
I was able to attend the press conference for the new residential community planned within Kakaako yesterday, and was truly amazed by what is unfolding in “Our Kakaako” as it is fondly referred to. Kakaako is quickly becoming known for its hip eateries and entrepreneurial friendly working spaces, and this master-planned community will further transform Kakaako into a bustling urban neighborhood. I was impressed by the mix of housing types in a single project, which seems to fit right in with the redevelopment of Kakaako as a live-work community.
The project, to be called “The Collection” at 600 Ala Moana, is being developed by A&B Properties, Inc. and Kamehameha schools. It will include a 43-story high-rise tower featuring one-, two-, and three-bedroom apartments, a four-story mid-rise building featuring mostly studios, and town homes with individual garages and the feel of single family dwellings. The planned community will also feature new retail shops and restaurants, a mixed-use approach also seen in Kakaako in such recent projects as 909 Kapiolani and Hokua, meshing perfectly with the innovative industry, entrepreneurs, and diversity already found within Kakaako. The development neighborhood will feature landscaping and open spaces that double as outdoor living areas intended for neighbors to socialize with each other. The high-rise building, in addition to many units with ocean views, will also feature such luxury amenities as a pool, outdoor lounge, fitness center, clubroom, and even space for your canine friends to run and play.
Prices start in the high $300,000s for one-bedroom units, mid $500,000s for two-bedroom units, and mid $700,000s for three-bedroom units. The unique nature of this planned community is sure to attract local buyers who want to get in on the new Kakako experience early, and high owner-occupancy is expected. “The type of individual or family that would like to invest in this community is an innovator, someone who wants to transform themselves and their environment, and is excited to be part of this urban redevelopment”, said Peter Kay, director of development at Kamehameha Schools.
Whether young or young at heart, this community and Kakaako itself seems like a perfect fit for the individual who loves the convenience and diversity of city life, but also wants that good old neighborhood feel that comes from an active community and friendly neighbors.
Quick stats:
Total residential units: 2,700
Prices: $300,000-$800,000
Sales: High-rise tower will be offered first, estimated sales date summer 2013.
More info and project updates: thecollectionhonolulu.com.
