Ward Village launches sales for Ke Kilohana

Ke Kilohana at Ward VillageThe Howard Hughes Corporation (NYSE: HHC) announced Friday that it is launching sales for the reserved housing program in its newest Ward Village project, Ke Kilohana at 988 Halekauwila St.

Applications will be available from Saturday, March 26 until Sunday, April 3, at the Ke Kilohana Sales Gallery in the IBM Building at 1240 Ala Moana Boulevard, open daily from 10 a.m. to 5 p.m. Completed applications must be returned in person between April 8 and April 13. Buyers will be selected in a lottery to be held April 15 via webcast, with home selection beginning on April 16 based on lottery placement and running throughout April.

In a statement, Ward Village explains, “The lottery will simply assign an appointment date, according to the selected order, for the buyer to come in to select his/her home and complete the contracting process. Buyers will be informed of their appointment time via email.”

There are 375 reserved housing residences reserved for qualified buyers in the 43-story, mixed-use condominium high-rise. These include one-bedrooms priced from $323,475 to $442,246, two-bedrooms priced from $473,789 to $538,612, and three-bedrooms priced from $521,774 to $560,774. The tower also includes 49 market-priced residences.

Competition for the reserved housing units may be stiff — Ward Village notes that more than 3,500 people attended informational seminars on Ke Kilohana in over December, January and February.

A. Kam Napier
Editor-in-Chief
Pacific Business News


 

Ke Kilohana at Ward VillageReserved Housing Application packets may be obtained from the Ke Kilohana Sales Gallery starting Saturday, March 26, 2016 at 10:00 a.m, and will be available for pickup through Sunday, April 3, 2016 at 5:00 p.m. Applications will not be available for pickup after Sunday, April 3, 2016 at 5:00 p.m. Prospective purchasers should carefully review the information contained in the Reserved Housing Application packet to determine whether all eligibility requirements are met.

The earliest date that completed Reserved Housing Applications will be accepted is Friday, April 8, 2016 at 10:00 a.m. Reserved Housing Applications will not be accepted prior to this time. Applications must be hand-delivered to the Ke Kilohana Sales Gallery between Friday, April 8, 2016 at 10:00 a.m. and Wednesday, April 13, 2016 at 11:59 p.m. to be eligible to participate in the Lottery. Only substantially complete applications will be accepted. Applications delivered by email, facsimile, mail or courier will NOT be accepted.

Completing the application packet will include;
1. Notarized Affidavit of Intent to Purchase and Reside in a Designated Owner-Occupant Reserved Housing Residential Unit;
2. Notarized Affidavit of Eligibility to Purchase a Reserved Housing Unit in the 988 Halekauwila Condominium Project;
3. 988 Halekauwila Registration Agreement – Reserved Housing Owner-Occupant; and
4. Loan Pre-Qualification Letter provided by Honolulu HomeLoans or First Hawaiian Bank.

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Ke Kilohana at Ward Village

Workshops scheduled on Ward Village affordable condo units in Kakaako

CaptureThe Howard Hughes Corp. on Tuesday said it will hold educational workshops next week for buyers interested in the 375 affordable units that will be built at its 43-story, mixed-use Ward Village tower called Ke Kilohana at 988 Halekauwila.

The project, which will be located at the corner of Ward Avenue and Halekauwila Street and have a Long’s Drugs store on the ground floor, will have a total of 424 residential units, including 375 reserved, or affordable, units for local residents and 49 market-priced units.

The one-, two- and three-bedroom units will range in size from 461 square feet to 2,106 square feet, and prices will start in the $300,000s.

The developer plans to hold four workshops on Jan. 10 at the Hawaii Convention Center. Workshops held last month drew more than 1,000 residents and brokers, the developer said.

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