Rising over Keeaumoku Street, The Park on Keeaumoku, will bring nearly 1,000 well priced market and affordable homes as well as retail space. The 3.5 acre site fronting Keeaumoku Street bounded by Rycroft and Liona st. will include two (2) 400 ft. towers with parking, retail, and a 0.5 acre park.
The two towers will included moderately priced market homes, and affordable homes. Buyers will have the option of purchasing Studios, 1 bedrooms, 2 bedrooms, 3 bedrooms and each home will include a lanai and least one assigned parking stall. The residences will have a modern design with sharp details and clean finishes. To keep things light and airy, owners will enjoy floor-to-ceiling windows. This will maximize natural light and views.
Kitchens will be outfitted with modern cabinets, crested with quartz counters-tops, stainless steel appliances, and modern plumbing fixtures. The flooring in the kitchen and living room will we luxury vinyl plank, while the bedrooms will have carpet, and porcelain tile in the baths.
The Park on Keeaumoku will feature one of the largest amenity decks in the area. Perched on the 15th floor above the parking structure the two towers will share an expansive deck that bring the residents together while keeping your maintenance fees to a minimum.
Some of the amenities slated for The Park are:
Over-sized Infinity Pool
Large Recreation Rooms
The affordable housing details have not been released, but it is rumored that there will be a 30 year regulated term restriction on the affordable housing units. Purchaser of an affordable housing unit in this project would have resale and rental restrictions for 30 years. You cannot rent it out or sell it at market prices until that 30 year period is up. The state's Affordable Housing Agency will set the resale price and only other eligible affordable housing buyers would be able to purchase.
Midtown Ala Moana is possibly the fastest growing walkable neighborhood outside of Kaka'ako. While the neighborhood still has a ways to go, many investors believe this brings great opportunity for appreciation. There are currently three condo projects under construction: The Central Ala Moana, Sky Ala Moana, and Azure Ala Moana. This will undoubtably transform the entire neighborhood by bringing thousands of new residences. In addition, the Mandarin Oriental Residences and Hotel, has already begun sales which will elevate the status of home ownership in the area.
Convenience is key for Midtown Ala Moana and the area offers a variety of dining and retail options being a 5 minute walk to Ala Moana Shopping Center (the largest outdoor mall in the world). For those who like to cook at home, there are multiple grocers at your fingertips: Walmart, Target, Sam's Club, Palama Market (Korean), Nyjiya (Japanese), and Foodland Farms.
Developers have been bullish on Midtown Ala Moana because of the upcoming Rail Station. You can forget about Honolulu Traffic or rides to and from the airport because the rail will allow you to forego the use of a car and ride convenient public transportation. This will increase convenience and value for the area.