Kapolei’s First High-Rise Gets First Tenants
Hale Moena Kupuna, the 13-story senior living tower in Central Kapolei, welcomed its first residents in late June. The property has 153 affordable apartment homes in studio, one- and two-bedroom floor plans.
And management is already taking an interest list for Hale Moena ʻOhana, the 143-unit mixed-use family tower next door.
Apartments at Hale Moena Kupuna are still available for rent. If you’re interested in either tower, you have four options for getting in touch and starting the application process.
- Email: email@example.com
- Phone: 808-466-0801
- Web: https://www.oahuseniorrentals.com
- Facebook: https://www.facebook.com/hmkupuna
Per an August 4 Facebook post, Hale Moena Kupuna is offering enticements to potential residents. They are waiving their $50 application fee and offering a free tablet to new move-ins.
According to the post, current monthly rents are:
- Studios: $1,212 (for households earning 55% of median income)
- 1 Bed 1 Bath: $1,417 (for households earning 60% of median income)
- 2 Bed 1 Bath: $1,701 (for households earning 60% of median income)
The affordable housing project is reserved for households making 60% or less of our area’s median income. All residents must be 62 years of age or older.
Hale Moena Kupuna, which was developed by one of the nation’s premier affordable housing developers, Highridge Costa, in partnership with Coastal Rim Properties of Honolulu, offers unobstructed mountain and ocean views to its residents, along with on-site parking and outdoor community space on a podium deck. Other amenities include a community meeting room, picnic area, and a community workspace with high-speed Internet access. All units come equipped with an oven, stove, microwave and refrigerator.
Another feature of the tower — retail spaces on the ground floor. “The spaces are ideally suited for small retail, such as cafes, clinics, and convenience stores,” says Mohannad H. Mohanna, President and Managing Member of Highridge Costa. “Ownership is currently in discussion with multiple potential tenants and is excited to fill these spaces with businesses that serve not only the residents of the Hale Moena community, but also the surrounding Kapolei area.”
Tower Two: Hale Moena ʻOhana
The second tower under construction next door will be called Hale Moena ʻOhana, and will be affordable apartments for people of all ages. The tower is planned to be complete by March of 2021. Property developers Highridge Costa encourages individuals and families interested in becoming a resident or for further information to contact the management folks (same contact info as above) to be added to the property’s interest list.
When Hale Moena ʻOhana opens, a lottery will be held for those who would like to join the community as developers expect high demand.
Both towers are being developed as a partnership between private companies and the state and city government. A combination of tax-exempt bonds, tax credit equity, and a $10.7 Million Rental Housing Revolving Fund Loan from the Hawaii Housing Finance and Development Corporation (HHFDC) helped provide initial financing to complete construction.