1500 Kapiolani Boulevard
1500 Kapiolani Boulevard is a project ready to be built in Honolulu which has been zoned with a Floor Area Ratio (FAR) of 10.0, (over 700,000 square feet of building) allowing for the construction of 450 luxury condominiums with rare hotel entitlements. These entitlements permit owners to rent out their units as hotel rooms, allowing them to generate income while they are not using the property.
The Neighborhoods Transit Oriented Development (TOD) initiative is creating vibrant and walkable neighborhoods that encourage public transportation use. 1500 Kapiolani Boulevard’s excellent location is situated across the street from Ala Moana Center, a world-class shopping destination with all daily needs, from luxury retailers, restaurants and a grocery store. The project site is only a five-minute walk from the Ala Wai Yacht Harbor and Ala Moana Beach Park.
One of the key features of this project is the spectacular views of the ocean and Diamond Head that are unparalleled. The project has been designed with concierge services, resort spa facilities, two infinity swimming pools, and a sky amenity deck for the exclusive use of residents. The amenities add to the project’s appeal and make it an ideal location for those seeking a luxurious lifestyle.
The Honolulu condo market is thriving, with many new buildings selling out, even during the pandemic. The current six-story office building with retail spaces on the ground floor provides the owner with income while waiting for building permits.
The successful completion of nearby projects (Park Lane, Trump Tower, The Ritz Carlton Residences) demonstrates that there is strong demand for luxury living in Honolulu. The rare hotel entitlements, excellent location, and luxurious amenities make 1500 Kapiolani Boulevard a very attractive investment opportunity for a world class developer seeking an exciting commercial real estate development opportunity in Honolulu, Hawaii on the island of Oahu.