Location:  600 Queen Street
Developer:  A&B Kakaako LLC
Units:  352 condominiums (63 units to be sold at below-market prices)
Status:  Construction started in early 2006 with completion in early 2008

The Keola La'i residential/commercial development approved by the Hawaii Community Development Authority (HCDA) will provide 352 condominiums, 18 percent of which will be sold at below-market prices.  The developer will also contribute $1.3 million to help pay for public facilities and $1.2 million to HCDA's Reserved Housing Program.  A&B Kakaako LLC’s (A&B) Keola La‘i, a mixed-use high-rise complex will be located on a 2.7-acre site at the intersection of Queen and South Streets.  The developer will provide 63 reserved units for sale and pay a cash-in-lieu fee of approximately $1.2 million for the 7 required reserved units it does not provide.  The average price of the reserved one-bedroom units will be $290,643 and $358,317 for the reserved two-bedrooms.  Purchase of reserved units is restricted by income and other criteria.  The project also includes:  10,000 square feet of street-level commercial storefront space; an open space plaza; and 687 parking spaces. 

For units sales/availability information, call Tracy Yamato at (808) 591-9600.