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The Central Ala Moana
1391 Kapiolani Boulevard, Ala Moana

The Central Ala Moana Units for Sale


Key Details

Condo
Sold Out
Completion: 2021
513 Units
43 Stories

Pricing

Maintenance Fee: $0.69/sf
Price Range: Affordable Units $286K - $708K,
Market Units $580K - $1.398M

UPDATE: This project sold out of predevelopment units.

The Central Ala Moana at Ala Moana Overview

The Central Ala Moana is a 43 story glass and concrete high-rise structure that features 512 residences with 310 affordable units reserved for individuals who qualify under the HHDFC Rules for income and asset restrictions. 

The Central has an improved location, more amenities and most importantly, more affordable units. Over half (60%) of the 512 residences will be reserved for those who qualify under the HHDFC (Hawaii Housing Finance & Development Corporation) program requirements. This is the largest offering of affordable housing ever in Honolulu and tons of people will be jumping at the chance to get in.

The Central Ala Moana Condo

The Central Ala Moana Condo

Pricing

As of 11/7/18, price ranges have been confirmed as follows: 

HHFDC Affordable Housing Program (310 Units):

Studios:

$286,000 - $399,500

One Bedroom:

$396,000 - $566,000

Two Bedroom:

$493,000 - $637,000

Three Bedroom:

$700,000 -$708,000

Market Rate Units (202 Units):

One Bedroom:

$580,000 - $630,000

Two Bedroom:

$777,000 - $998 000

Three Bedroom:

$990,000 - $1,398,000

Maintenance fees throughout the building are currently set at $0.69/sf.


Amenities

The Central Ala Moana features an amenity deck located on the 11th floor of the building and provides residents a multitude of outdoor activity options. Amenities for residents include a spacious infinity pool, playground and kids pool perfect for family time, a recreational center, barbecue areas, cabanas ideal for intimate gatherings and a fitness center for those who don’ t feel the need to travel to the nearest gym.

The Central Ala Moana Amenities

Amenities include:

Swimming Pool

Hot Tub

Kid's Play Area and Pool

Gym

BBQ, 9 Grilling Stations

Party Room

Dog Park

6 Cabanas

Building Features:

10-Story Detached Parking Garage with Covered Pedestrian Walking Bridges

Electric Vehicle Charging Stalls Available

LED Light Fixtures

Elevator Lobby: 5 Elevators (1 Service)

Ground Level Commercial Spaces

FOB Entry Key System

Closed-Circuit Television Security System

Reception Desk and Mailroom

Residence Bicycle Storage

Designated Ground Level Loading Zone with Direct Access to Service Elevator


Residences

The residences feature spacious, efficient floor plans that all come with floor-to-ceiling glass and spacious lanais to enjoy the view. The building is pet-friendly and there will be at least 1 parking space assigned to every unit. Inside the residences you'll find Samsung kitchen appliances, Washer/Dryer, Cable and Wifi and split A/C systems.

Square Footage:

Studios:

469 - 518 sf

One Bedroom:

766 - 770 sf

Two Bedroom:

1,055 - 1,131 sf

Three Bedroom:

1,317 - 1622 sf

Floor Plans

To view the Central's floor plans, please click on the layout buttons below.

A A1 B C D E F G G1 H I J K L M N O O1 O2


Location

1391 Kapiolani Blvd

The Central Ala Moana Condo

For Street View Click Here

The Central Ala Moana is at 1391 Kapiolani Boulevard, in the heart of the upcoming Ala Moana TOD redevelopment which has been nicknamed "Midtown Ala Moana". Perfectly located between the famous beaches of Waikiki to the busy financial district of downtown Honolulu, it is also adjacent to the Ala Moana Shopping Center, Wal-Mart and a few blocks away from Ward Village and the Ward Entertainment Center.

Commuting will be easy for the residents of The Central Ala Moana as the new Honolulu Area Rapid Transit (HART) rail station terminus is basically next door. The Central Ala Moana is also located in one of the most walkable and bike-friendly areas of Honolulu. But for those who prefer to take their own transportation, there is easy access to Ala Moana Boulevard and Kapiolani Boulevard for speedy entry to the highway for further commutes.

Are You Qualified?

Here are the eligibility requirements established by the HHFDC in order to apply for Affordable Housing Units:

(please scroll down for market-rate unit application process)

  • A citizen of the U.S. or resident alien
  • At least 18 years of age
  • A legal resident of the State of Hawaii who physically resides in the State.
  • Shall physically reside in the Unit to be purchased 
  • Does not own a majority interest in a fee simple or leasehold property anywhere in the world.
  • Must qualify for a loan from a project lender, if receiving financing to complete the purchase.

(Project lenders will be Bank of Hawaii, First Hawaiian Bank, Central Pacific Bank, Prime Lending, Home Street, Compass Home Loans, and American Savings Bank.)

If you are a Qualified Resident, you then need to meet the “ Household Income Limit” . This means the maximum income allowed per household. For The Central, the income eligibility will be between 80% - 140% of the area median income.

Below are the 2018 income guidelines by family size.

If your income is within 80% -140% according to your family size, then you qualify as an “ eligible purchaser” , it’ s that simple. 

Next let's go over the application timeline step-by-step:

People often ask how the public drawing works and it works just like a lottery system. Numbers are put into a bowl and picked out in random. This is all done publicly to ensure fairness and is overseen by people of multiple agencies.

If you are lucky enough to have your number drawn, next is the property selection ranking. The HHFDC will assign you a priority ranking, which means that they will assess your priority based on income, family size, etc. and make their best judgment as to which slot you will be able to pick a unit come selection day.

Finally, you pick a unit and sign your contract. Deposits for the Central will be 5% of your purchase price.

There is definitely some luck involved but the key to getting in is awareness and preparedness. The first thing you can do is to get a pre-qualification letter ready. Please contact us, we can get you in touch with a project lender that is working on The Central.

Please note: the HHFDC has two required programs you must agree to in order to purchase an affordable unit.

1) Buyback Agreement

Buyback Program requires that the owner occupy the unit purchased as its primary residence (owner occupancy) for 10 years or the duration of the program. 

2) SAE Agreement

SAE Is Shared Appreciation Equity. It is an agreement to share net appreciation in the unit with HHFDC in exchange for the buyer's opportunity to purchase the unit at below market prices.

Market Rate Units:

Market rate means priced according to the market and will be available to owner-occupants first. 

Here is the step by step process for market rate: 

  1. There will be a newspaper announcement
  2. Pick-up Qualified Resident Affidavit 
  3. Meet with a Lender for a pre-qualification letter
  4. Submit Completed Qualified Resident Affidavit 
  5. Unit Selection: The Central will send out a registration link. You must register your place online as soon as you receive the link. It is on a first come, first serve basis! Meaning the order you register determines the order you select a unit. Very Important!
  6. Contract Signing

For immediate questions please call Isaiah at (808) 721-3747 or email info@condokakaako.com.

 

 

Units Available

1391 Kapiolani Boulevard Unit 2312, Honolulu image
1391 Kapiolani Boulevard Unit 2312, Honolulu — The Central Ala Moana $1,850,000 ▲

Situated in the Heart of Honolulu sits The Central Ala Moana #2312, a newly completed 3 bedroom, 2 bath luxury high-rise residence. This high floor corner unit enjoys a m...

  • 3 Beds
  • 2 Baths
  • 202214243 MLS
  • FS - Fee Simple Tenure
  • The Central Ala Moana Bldg.
  • 202 DOM
1391 Kapiolani Boulevard Unit 3607, Honolulu image
1391 Kapiolani Boulevard Unit 3607, Honolulu — The Central Ala Moana $1,420,000 ▼

Rarely available, high floor, Mauka-corner end unit with wrap around lanai with incredible mountain, city and partial Ocean views! Enjoy cool breezes and an open concept...

  • 2 Beds
  • 2 Baths
  • 202301958 MLS
  • FS - Fee Simple Tenure
  • The Central Ala Moana Bldg.
  • 53 DOM

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Isaiah Yuuki Block (R) | RB-21893
Ph: (808) 721-3747
Email: info@condokakaako.com

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Honolulu, HI 96813
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