Keeaumoku Towers - Almost 1000 units will be planned for Midtown Ala Moana
The Midtown Ala Moana neighborhood will soon be home to a brand new 400 ft twin tower building dubbed Keeaumoku Towers. This project will have a total of 964 units (836 market-priced units and 128 affordable housing units). There will be a mix of studios, 1-bedroom, 2-bedroom, and 3-bedroom units. Keeaumoku Towers will have a shared amenity deck on top of the parking structure, a 26,000 park on the ground floor, and commercial retail planned for the lower levels of the project.
Affordable Housing Units
Affordable Housing units are one of the most highly sought after components of any new project. The prices are determined by the State based on the area median income for the given year of when the project is introduced and usually offered through a lottery. It is hard to say what type of units will be offered under affordable housing but it is pretty safe to assume there will at least be affordable studios and 1-bedrooms available among the 128 affordable units. Prices and the occupancy restriction have yet to be established, but it is rumored they could see a 30-year occupancy period. Ililani and The Central Ala Moana were the most recent affordable housing projects to be introduced to the Ala Moana neighborhood and both had affordable housing units with a 10-year occupancy period.
When will this project be introduced and completed?
Keeaumoku Towers doesn't have a set launch date, but rumors have indicated that it is aiming to be introduced at the end of 2020. This, of course, is subject to change and may be delayed due to the Covid-19 situation. Since there is no set launch date, there is definitely no set completion date. If we base the project off of other new projects, it should take anywhere from 2 to 3 years from the time the project has its ground-breaking ceremony.
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