Ililani in Kakaako | Now Selling

Ililani is Kakaako's newest high rise condominium coming to Kakaako located at 615 Keawe Street. Ililani will be a 42 story 400 foot tall highrise that will feature a mix of affordable housing and market units. Just about half of the building will go towards affordable housing. It will be located in between Keauhou Place and Keola Lai near SALT and Mother Waldron Park in Kakaako. The building is designed by Kenneth Kai Chang and developed by Kam Development LLC. The building will feature a wide array of amenities and will have commercial retail on the ground floor. Ililani in Hawaiian means "Heavenly piece of land." The showroom is now open so register your interest down below if you are interested in either the affordable or market unit release. Contact Jonathan Pang at 808.753.7048 or at jon@homesearchoahu.com and we can set up a time to see the showroom. In the interim, feel free to VIEW ALL UNIT FLOOR PLANS. 

*Market Units Just Announced VIEW THE PRICE SHEET HERE (9/6/2019)*

Affordable Housing Application Submissions are now over. A total 566 applications have been submitted to HHFDC (8/24/2019)

**Showroom Available - Register below to set up an appointment.**

Units Pricing and Breakdown  

Ililani will have 328 units. Every single home will have a lanai and will come with at 1 parking stall. There will be a few high floor two bedroom units that will have a tandem parking stall. Listed below is a breakdown of the unit price ranges. As a reminder, the developer does reserve the right to change prices as they see fit. CLICK HERE TO VIEW THE PRICE SHEET

Affordable Units: 165 Units - $312K - $657K - A few units remaining

• 1-bedrooms: 511 - 578 sq ft Lanais: 63-89 sq ft | $312,000 - $584,000 (131 units)
• 2-bedrooms: 772 - 826 sq ft Lanais: 67-89 sq ft | $373,000 - $657,000 (34 units)

Market Units: 163 Units - $700,500 - $900,500 - Units available

• 1-bedrooms No One Bedroom Market Units
  
• 2-bedrooms (772 - 826 sq ft) Lanais: 67-89 sq ft | $665,000 - $904,500 (163 units)

Total Units: 328

Maintenance Fee: Estimated $0.58 Per Sq Ft (covers sewer, water, and the common area amenities)

Ground Floor Commercial Retail

Official Ililani Prices - Market Units

As of 1/23/2020 the price sheet has changed (shown above). Contact me if you would like to know the 11/25/19 price list or the original market unit pricing. 

Official Ililani Prices - Affordable Housing 

Residence Renderings

View Planes For Ililani

The Amenity Deck

Ililani will feature a wide variety of amenities. The building will have some unique features like their community garden, citrus grove, and relaxation areas. There will also be an e-lounge/shared work area with high speed internet and tv screens that residents may use. In addition, the building with have a 10 car electric vehicle ride share fleet that only the residents may use and there will be an app that they can use to reserve a car. There will also be a 3 car HUI ride share program downstairs that residents or the neighborhood may use. The building's ride share fleet will be cheaper than the HUI ride share program. 

Tower Floor Plate

Ililani's main tower floor plate will be from floors 16-42. The lower floor plans vary as the lower level Diamond Head/East side connects to the parking structure. The Unit Floor Plans will have a Letter and sometimes followed by an "L" or "U" which means lower or upper. You will see that they vary slightly. The floor plate shown below shows the typical upper floor plate minus the U and L just so you can see where the units are positioned and so you can know each unit variation goes. 

(Upper Level Floor Plate)

(Lower Level Floor Plate)

Ililani Unit Floor Plans (Click any floor plan to view in detail) 

Plan AL (2Bed) Floors 2-9

Plan A (2Bed) Floors 10-15

Plan AU (2Bed) Floors 16-42

Plan BL (2Bed) Floors 2-8

Plan BA (2Bed) Floor 9

Plan B (2Bed) Floors 10-42

Plan CL (1Bed) Floors 2-8

Plan C (1Bed) Floors 9-42

Plan DL (2Bed) Floors 2-8

Plan D (2Bed) Floors 9-15

Plan DU (2Bed) Floors 16-42

Plan EL (1Bed) Floors 2-8

Plan E (1Bed) Floors 9-42

Plan FL (1Bed) Floors 2-8

Plan F (1Bed) Floors 9-42

Plan GL (1Bed) Floors 2-8

Plan G (1Bed) Floors 9

Plan HL (2Bed) Floors 2-8

Plan H (2Bed) Floors 9

Plan J (1Bed) Floors 11-42

Plan K (2Bed) Floors 11-42

Plan M (2Bed) Floors 10-15

Plan MU (2Bed) Floors 16-42

 

Affordable Housing Information - Qualifications 

The affordable housing units at Ililani will have 2 main requirements. One will be that the applicant(s) need to be under the 140% Area Median Income shown on the table below and will be based on household size. HHFDC (Hawaii Housing Finance and Development Corporation) will then determine if you are qualified. You will also have to meet the following requirements:

• US Citizen or permanent resident alien
• At least 18 years of age
• Resident of the State of Hawaii who currently resides in the State of Hawaii
• Shall physically reside in the unit purchased
• Does not own a majority interest (more than 50%) in a fee simple or leasehold property anywhere in the world 
• Has sufficient gross income to qualify for the loan to finance the purchase

These affordable units will also have a 10 year hold restriction where the owner must live in the unit for that time frame (if you need to sell, HHFDC has the first right to buy it back) and the second restriction is the SAE (shared appreciation equity) portion. This is the sharing of the property’s net appreciation with the HHFDC in exchange for the buyer’s opportunity to purchase at below market prices. The SAE percentage is calculated prior to closing and once determined, does not change.

You will also need to turn in the following documents to an approved project lender for your pre-qualification letter (half of the application):

• 2 Years of Tax Returns
• 2 Years of W2s
• 2 paystubs
• 2 months of checking/savings statements

Project Lenders

Ililani Project Location

Ililani will be located at 615 Keawe Street right between the Keauhou Place and Keaola Lai in Kakaako near SALT and Mother Waldrons Park. It will also be near the future HART Rail station which will connect Ala Moana all the way to Kapolei. 

Watch this 59 second video to get a quick overview of Ililani in Kaka'ako

Register My Interest