Ala Moana is getting a new high-rise, one that its developer says is aimed to be affordable for residents.
Kapiolani Residence will be located at 1631 Kapiolani Boulevard, across the street from 24 Hour Fitness.
It will be 45 stories tall with 292, or 60 percent, affordable units.
“We really feel this is the right market to go as one of the reasons why we’re confident and proud of the project. We’re able to provide those people who are in need (in that) gap group,” said Timothy Yi, SamKoo Pacific president.
The developer is holding a seminar on Saturday, June 25, at 3 p.m. (limited openings). More seminars will be held in July and August, with details to come.
Kapiolani Residence is slated to open in 2018.
Anticipated price range for affordable units (starting from):
- Studio: $272,000
- 1-Bedroom: $308,000
- 2-Bedroom: $418,000
- 3-Bedroom: $587,000