Kaliu at "Our Kakaako"
Kaliu is a new high-rise luxury condo project slated for development in the Our Kakaako neighborhood of Kakaako. This project will be located on Block G which is a 2.42 acre site that sits adjacent to the popular SALT shopping complex. Kaliu, at completion, will be a 400 foot tower with 294 residential condo units. Kamehameha Schools, one of the largest landowners in the state and the masterplan developer of Our Kakaako has chosen ProsPac Development to build on this highly desired parcel of land.
Developer: ProsPac
Architect: Design Partners Inc.
Landscape Architect: TBD
On the ground floor of Kaliu there will be roughly 40,000 square feet of commercial space with plans for a large grocery store tenant. Ground floor commercial will also include retail space for shops and restaurants along Cooke st. and Auahi st.. The area is already a food and shopping destination with both locals and tourists, so I can see there being a lot of demand for these ground-floor retail spaces. Parking for the commercial spaces will be located on the 2nd floor with more residential parking from the 2nd floor up to the 5th floor. The amenity deck is located on the 6th floor.
The current site is a mix of single-story retail and warehouse space.
Video Overview
Below is a short clip of me going over everything we know so far about Kaliu. The video is about all of the new projects launching in 2023. If you're looking at others projects coming up in Honolulu, this is a must watch.
Project Location
Kaliu is located in west Kakaako in the Our Kakaako masterplan neighborhood. From this location you're a 10 minute walk from Ala Moana Beach Park, a 7 minute walk to Ward Village, a 10 minute walk to Downtown Honolulu, and you're across the street from SALT.
History of the Neighborhood
The last project that was completed in Our Kakaako was Keauhou Place back in 2017 which was the last project for Phase I of the masterplan. Phase II of the masterplan started early last year with the start of sales at Alia, which is an ultra-luxury high-rise a couple of blocks east of Kaliu. Alia launched sales back in 2023 and sales have been very strong. Construction on that project is underway. Kahuina is another project coming to the area, which will bring a mix of affordable (for sale), affordable (rentals), and market-rate housing. That project which was scheduled to launch at the end of 2023 is delayed. Several other projects are planned for phase II but nothing concrete has been announced yet.
Amenities
The amenity deck for Kaliu is on the 6th floor. Some of the amenities offered at Kaliu include an infinity edge swimming pool, fitness center, indoor movie theater, guest suites, spa, indoor and outdoor lounge, dining room with kitchen, pickle ball court, and more. The total recreation space provided will be roughly 40,000 sqft.
Our Kakaako, Phase II Development
Taking another look at the map above, all of the parcels in black are part of phase II in the development of Kamehameha Schools' masterplan. Alia, which started sales at the beginning of 2023, is likely to be the first project completed in phase II, with Kaliu or Kahuina likely to be next. Phase II will have a total of five projects providing a variety of residential units, from affordable housing to luxury high-rises. Phase II completion will bring an end to high-rise development in the Our Kakaako masterplan.
Who is ProsPac Development?
ProsPac is a Honolulu-based real estate developer that was formed back in 2016. Their most recent project, Azure Ala Moana, was a huge success and of the most desirable projects in the Midtown Ala Moana neighborhood today. On Azure, Propac worked closed with Design Partners Inc, a prominent local architecture firm, to design the project. This fruitful partnership was a huge success which is why Prospac has chosen Design Partners as the architect for Kaliu.
When will sales start for Kaliu?
Sales were originally planned for summer/fall of 2023 but the project has been delayed. The developer is hoping to start sales this year in 2024 but a start date has yet to be confirmed.
When will Kaliu be completed/built?
Per the developer, if they are able to start sales in early 2024 they can start construction by the end of 2024. With that timeline, the completion date should be somewhere at the end of 2026. The developer's timeline provides 2 years of construction and 1 year of sales before starting construction.
Why doesn't Kamehameha Schools develop their own land?
Kamehameha Schools (KS) is one of the largest landowners in the state of Hawaii. They own property in Waikiki, Kakaako, Kapalama and many other high value neighborhoods, and that's just on Oahu. Developing their own property might seem like the smart thing to do, but instead, they partner with experienced residential developers to help bring these projects to life. Kamehameha Schools provide guidelines for their developer partners so they can help deliver the KS vision for the area, these guidelines include ample ground floor commerical (which KS retains ownership of), walkable wide sidewalks, and to provide a range of various housing options (i.e. affordable, rental, market rate units).
Will there be affordable housing at Kaliu?
No, there will be no affordable units at Kaliu. The developer plans to purchase affordable housing tax credits from other affordable housing developers in the KS masterplan.
