Proposed Honolulu Condo Towers – The List of 12

These days in Hawaii, one of the most common topics real estate appraisers are confronted with is: “Have you heard about that new tower they announced in Kakaako?”

Very often, I’m asked for specifics about a new high rise condominium development in Honolulu.  I decided to compile a concise list.

There is an enormous amount of development activity happening in Hawaii right now, especially in urban Honolulu.  Major developers, lenders, and landowners are involved, including: Alexander and Baldwin (A&B), Howard Hughes Corporation, The MacNaughton Group, Kobayashi Group, OliverMcMillan, Tradewind Capital, Kamehameha Schools, Stanford Carr, American Savings Bank, Bank of Hawaii, Central Pacific Bank, Wells Fargo, and First Hawaiian Bank.

As I started to put this list together, I quickly realized that the variety of residential projects being planned was staggering: High-rise condos, student housing, timeshare, hotel, high-rise apartments, low-rise condominiums, senior housing, and even affordable housing for artists!

Here are the parameters for inclusion in this article:

  • High-Rise Construction
  • Fee Simple Condominiums
  • Whole Ownership (No Timeshare)
  • An active development plan on track for approvals, financing, and construction.

12 Oahu towers made the cut, a total of 4,166 proposed units–web links and a brief summary of each project is included below:

2013 PROPOSED / COMPLETED HIGH RISE CONDOMINIUM TOWERS
Oahu, Honolulu, Hawaii
# Tower Name (click name) Stories Units Status / Timing
1 Holomua 23 176 Completed: Early 2013 
2 Waihonua at Kewalo 43 341 Under Construction
Completion: 2014 of 2015
3 ONE Ala Moana 23 210 Under Construction
Completion: Late 2014
4 Symphony Honolulu 45 388 Groundbreaking: Late 2013
Completion: 2015
5 801 South Street 46 635 Groundbreaking: “Mid-2013”
6 Ritz-Carlton Residences,
Waikiki Beach
36 309 Groundbreaking: Late 2013
Completion: 2016
7 The Collection
(3 buildings, 1 high rise)
43 460 Groundbreaking: Mid to Late 2014
Completion: Late 2016 to 2017
8 404 Ward Ave 38 424 Groundbreaking: Early 2014
Completion: 2016
9 Keauhou Lane in Kakaako 40 600 Groundbreaking: Mid to Late 2014
10 Aloha Kai 39 128 Completion: 2016
11 “Fishnet Tower” 38 177 Proposed
12 “Wave Tower” 38 318 Proposed
Compiled by: Chris Ponsar, MAI   4,166 Total Units

The map below shows the location of each project in urban Honolulu:

Oahu Condo Project Map - Chris Ponsar, MAI

Click HERE to view details in Bing Maps

This link: http://binged.it/13RCPpX takes you to an interactive Bing Map that shows photos and details of each project.  As shown, most of the activity is in Kakaako.

Want more details?

Here you go:

Proposed Honolulu Condo Towers - Detail

CLICK CHART TO ENLARGE

Comments and/or Questions?  Please leave them in the comments section below–I’d be happy to clarify or expand.

Aloha, Chris

About Chris Ponsar
I'm a commercial and high-end residential real estate appraiser in Hawaii. I'm passionate about appraisal and valuation issues in the same way some folks obsess over football, shopping, or bacon. I love this stuff.

2 Responses to Proposed Honolulu Condo Towers – The List of 12

  1. Dave Nat says:

    Great overview. I notice that sweet spot for the number of stories seems to be about 40. I was wondering what factors might be behind that in Honolulu. When I did property risk analyses at a few towers in Miami a couple of years ago, I noticed that there was a concentration of properties around the 400 foot range (33-40 floors) but also another group significantly taller, in the 500-650 foot range. Perhaps that’s another aspect of development priorities, but your comprehensive list made me wonder.

  2. Chris Ponsar says:

    There is a soft height limit of 400 feet in Kakaako, the area of Honolulu between Waikiki and Downtown. In Waikiki, the height limit is understood to be 350 feet, which was set to be a little less than half of the height of Diamond Head–the obvious intent was to preserve the classic Waikiki skyline.

    There is currently a 650-foot tower approved being developed in Kakaako: 690 Pohukaina

    http://www.bizjournals.com/pacific/news/2012/12/13/forest-city-hawaii-chosen-to-develop.html

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