Document Actions
Keola Lai at 600 Queen Street
Construction has been completed on the Keola La'i residential project. The Hawaii Community Development Authority approved a Planned Development Permit for Keola Lai in July 2005.
It will consist of a 37-story residential tower on top of a five-level podium that will include parking and commercial storefronts at the street level. Keola Lai will have 352 one-, two- and penthouse units. A&B’s prices for Keola Lai units are expected to start at $340,000 for one-bedroom units, $445,000 for two-bedroom units and $695,000 for three-bedroom units. The developer will provide 63 reserved units for sale and pay a cash-in-lieu fee of approximately $1.2 million for the 7 reserved units it does not provide. The average price of the reserved one-bedroom units should be $290,643 and $358,317 for the reserved two-bedrooms. Reserved units are restricted to certain income and qualifications. The project also includes: 10,000 square feet of street-level commercial storefront space; and open space plaza; and 687 parking spaces. The developer will also be required to pay HCDA a public facilities dedication fee of $1,260,147. A&B started construction on Keola Lai in early 2006 with completion set for early 2008.