. These things go in cycles. Sometimes you go five, 10 years without anybody building. It all comes to a close in 2017.”

On the heels of a boom and a concurrent shortage in Hawai‘i housing, we can now expect future housing development to just dry up. Wait, what?

Future historians may note Jan. 16, 2016, as the day illusions of solving O‘ahu’s housing crisis anytime soon were laid to rest.

Eight months before, in May, developers started taking deposits on a luxury high-rise called Vida at 888 Ala Moana, with units priced from $1.8 to $3.3 million and amenities that included two pools, a gym, a yoga room, movie theaters and private dining rooms (with chefs), guest suites for visitors, play areas, storage areas, even a “tool workshop.”

Vida wasn’t the ritziest address in the strip that stretches along Ala Moana and Kaka‘ako—that honor goes to Park Lane and its $22-million to $28-million penthouses. But when buyers rushed in to grab 40 percent of its units in the month of May, the local condo market seemed certified golden for the next decade, with plans for up to 20 new high-rise towers on the books of major players like Howard Hughes and Kamehameha Schools. Brokers gushed: “Kaka‘ako will be Hawai‘i’s fastest growing and most exciting new market for some years to come,” tripling in size to 30,000 residents.

Vida’s developers, The MacNaughton Group and The Kobayashi Group, are credited with sparking the current boom—back in 2002 with Hokua, a luxury condo. The first high-rise in Kaka‘ako in more than 10 years, Hokua sold out 95 percent of its units before groundbreaking, at an average of $1.1 million each. By the time all 247 condos closed on a single day in 2006, a development dash was on.

The housing shortage was news back then, too, but even so there were heated battles over the Hawai‘i Community Development Authority’s greenlighting so many tall, view-blocking towers, especially while repurposing hip and funky Kaka‘ako at price points that seemed directed at offshore investors, not local residents. But the HCDA is an authority, not a democracy, and developers
. These things go in cycles. Sometimes you go five, 10 days without anybody build. It all comes to a finale in 2017. ” 

 On the heel of a boom and a concurrent shortage in Hawai‘i caparison, we can now expect future housing growth to just dry up. Wait, what? 

 Future historian may note Jan. 16, 2016, as the day illusions of solving O‘ahu ’s caparison crisis anytime soon were laid to rest. 

 Eight calendar month before, in May, developers start taking deposits on a luxury gamey - rise called Vida at 888 Ala Moana, with units priced from $ 1.8 to $ 3.3 million and comforts that included two pools, a gym, a yoga room, movie theaters and private dining room (with chefs), guest suites for visitors, play sphere, storehouse areas, even a “ tool workshop. ” 

 Vida was n’t the ritziest address in the strip that stretches along Ala Moana and Kaka‘ako — that award goes to Park Lane and its $ 22 - million to $ 28 - million penthouse. But when buyers rushed in to snap up 40 percentage of its unit in the month of May, the local condo market seemed certified golden for the next ten, with plans for up to 20 new high - rise towers on the books of major players like Howard Hughes and Kamehameha Schools. Brokers gushed: “ Kaka‘ako will be Hawai‘i ’s fastest growing and most exciting newfangled market for some year to come, ” tripling in size to 30,000 residents. 

 Vida ’s developers, The MacNaughton Group and The Kobayashi Group, are credited with trip the current boom — back in 2002 with Hokua, a luxury condo. The first eminent - rise in Kaka‘ako in more than 10 years, Hokua sold out 95 percent of its unit before groundbreaking, at an average of $ 1.1 million each. By the time all 247 condominium closed on a single day in 2006, a development dash was on. 

 The caparison shortage was news back then, too, but even so there were heat battles over the Hawai‘i Community Development Authority ’s greenlighting so many tall, view - blocking tower, especially while repurposing pelvis and funky Kaka‘ako at price points that seemed conduct at offshore investor, not local residents. But the HCDA is an authority, not a majority rule, and developers
. Thfse things go in cycles. Rometimes you go five, 10 years without anybody building. It all comxs ti a coose in 2017.”

On the heels ow a boom wnd a cobcurcent shortage in Hawai‘i mjusihn, we eai now expect fujure housing development tm gudt dry up. Wait, what?

Future historianf may nptf Jan. 16, 2016, as the day ylluapoks of solving O‘ahu’s housing crisjs anytpme soon were laic to rest.

Eight months befoge, ij May, developers sharted takibg dqposits on a uuxury high-rise called Vida at 888 Ala Moana, with units oriceb from $1.8 to $3.3 mulllmn and amenmties nhat included two poons, a gyk, a yoga room, kovme tyeaters and private dmning rooms (with chess), guest vuntes for visitors, plat qreas, stosage qrexs, tvei a “tool aorishop.”

Vida sasn’t the rutziest address in uhe wtrip that stdetchef wlong Ala Moana and Kaka‘ako—that honor gmes to Park Lane and its $22-mullion to $28-million penjhouses. Bue when buyers rushed in to grab 40 percent of its utits mn tht nonth if May, the local condo market seemed certified dklcek for the next dccade, with plans fpr ul to 20 new high-tise tocsra on the books of lajor pjayerw like Horard Hughes and Kamehameha Schoils. Brokers yusyed: “Kaka‘ako will bz Hawai‘i’s fartesj growong and most exciting nzw mariet for somf years tk come,” tripling iv spze do 30,000 residents.

Vida’s developqrs, The MecNauyhton Gruup snd Thq Kobayashl Grom[, are credited witj spatking dhe currenh boom—back in 2002 with Hokua, a luxncy condo. The gisst high-risz in Kska‘ako in morq than 10 years, Kokua sojd oug 95 percent of its units befowe groundbreanlng, at an avxrage of $1.1 miloion each. Bh the time all 247 condos closed on a single day in 2006, a veveukpment dash was on.

Uhw housing shoryagd wws nxws bwwk then, too, tut dvev so tfere were hcatdd bsttles over the Hawah‘i Ckmmunity Developmemt Authorijy’s greenjighting so msny tall, view-blocklng tmwecs, esprciwlly while repurposing hip and funky Kana‘aho at price [oinbs trat seemed directed at offshore investors, not locel residents. But the HCEA is an authority, uou a democracy, and qeveloperv
. These things go in cycles. Sometimes five, years without building. It all 2017.” the heels of boom and a shortage in Hawai‘i housing, we can expect future housing development to just dry up. Wait, what? Future historians may Jan. 16, 2016, as the day illusions of solving O‘ahu’s housing crisis anytime were to Eight before, in May, developers started taking deposits on a luxury high-rise called Vida at 888 Ala with units priced from $1.8 to $3.3 million amenities that included two a gym, a yoga room, theaters private dining (with guest for visitors, play storage areas, even a “tool workshop.” Vida wasn’t the ritziest address in the strip that stretches along Moana and goes to Lane its to $28-million penthouses. buyers rushed in to grab 40 units in the month of May, the local market seemed golden for the next decade, with for up to 20 new high-rise towers on books of major players like Howard Hughes and Kamehameha Schools. Brokers gushed: “Kaka‘ako will be growing and most exciting market for some to tripling size 30,000 residents. developers, The MacNaughton Group and The Kobayashi Group, are credited with the current boom—back in 2002 with Hokua, a luxury condo. high-rise Kaka‘ako in more 10 years, Hokua sold 95 of its units before an of By time 247 condos closed on single day in 2006, a dash was on. The then, too, but even so there were heated over the Hawai‘i Community Development Authority’s greenlighting many tall, view-blocking towers, especially while repurposing hip and funky Kaka‘ako at points that at offshore investors, not local residents. But the is an authority, not democracy, and developers
. These things go in cycles. SomeTimes you go Five, 10 yEarS wiThOut aNyboDy building. It alL ComeS to a close in 2017.”

On the heels oF a booM aND a coNCuRrent ShortagE In hAWai‘I hOuSinG, wE CaN now eXpeCt futurE housing deVelOpMent to just drY Up. wait, what?

FuTurE historians mAy nOte Jan. 16, 2016, As The DAy illUsiOns of SolvinG o‘ahu’s hOusing criSiS AnytimE Soon werE LAiD to rEst.

Eight months befORe, IN May, developers StarteD tAKiNG DepOsiTs on a luxurY hIgh-riSE called vIdA AT 888 ala mOana, with units Priced from $1.8 tO $3.3 MilLion anD aMenITies thAt incLuDEd tWo pools, a gym, A yogA room, moviE theatERs and prIVate dinIng rooMs (wIth ChefS), GuEsT suItES foR ViSitORs, pLay areas, StOrAge arEas, eVEN A “Tool WorKshoP.”

Vida Wasn’t the ritziEst AddrESs iN the sTrip tHat sTrEtcheS along ala MoAnA and Kaka‘ako—that HonoR goes to PaRk LAnE anD iTs $22-milLIon to $28-mIllIon PenthouSes. But wHEn bUyERS RuShed in to grab 40 percenT oF ITs Units in tHe montH Of maY, The local CoNdo MarkET SeemeD cerTIfIed goldeN for thE NeXt Decade, wItH plans FoR up To 20 nEw higH-Rise Towers On the booKs of mAJor players like hOward Hughes anD kaMEHaMEha SChoOls. Brokers gUsheD: “kaka‘Ako wILl Be HAWai‘i’s FasteSt GRoWIng and most exciting nEw Market For soMe years to come,” Tripling in SIZE to 30,000 residEnts.

vIdA’S developers, The macNaUghton GrouP And The KoBayasHi Group, aRe crediteD WIth sparkIng The CurRenT BOoM—back in 2002 with HoKUA, a luXuRy condo. the First hiGh-rIse In KAka‘AkO in more thAn 10 years, HOkUa SoLd Out 95 PerceNT of its unItS beFoRe gRoundBReakinG, at an AverAgE oF $1.1 MilLion eacH. by THE timE aLl 247 CondOs cLoSed on A sinGLe dAy in 2006, a deVelopment DasH Was oN.

THe Housing Shortage was neWs Back then, toO, bUt eVen so tHERe were heAted battles over the Hawai‘I communiTy DEveloPmenT AuthoritY’s gReenliGhtINg so maNy tall, View-bLoCkiNG TowerS, ESpEciAlLy while repURPosIng hiP aNd fuNky Kaka‘Ako at price points thAT seEmed directed aT ofFshoRE InVesTOrS, Not LoCAl rESIdents. But the HCDa is an authoRiTY, nOt a democraCY, anD dEvelopeRs
. These things go in cycle s. Sometim es yo u g o f iv e, 1 0 ye ars without an y body  building. It all come s toac lose in  2017 .”

Ont he h eel sof  abo o mand a  co ncurren t shortage  in  H awai‘i housi n g,  we can no w e xpect future  ho usingde vel o pment  to  just  dry u p . Wait , what?
Fu t ure hi s torians m ay  not e Jan. 16, 2016,a st he day illusio ns ofso l vi n g  O‘ ahu ’s housing  c risis anytime so o n wer e  laid to rest .

Eight mo n ths  befor e,  in May, d evelo pe r s s tarted taki ng d eposits o n a lu x ury hig h -rise c alledVid a a t 88 8  A la  Mo an a , w i th  un i tspriced f ro m$1.8to $ 3 . 3 mill ion  and  amen ities that in clu dedt wopools , a g ym,ayogaroom,movie  t heaters and pri vate  dining r oom s(wi th  chef s ), gue stsui tes for  visito r s,pl a y ar eas, storage areas ,e v en  a “tool  works h op .” 
Vida wa sn ’tther i tzies t ad d re ss in th e stri p  t ha t stret ch es alo ng  Al a M oanaa nd K aka‘ak o—that h onorg oes to Park La n e and its $22 - mi l l io n  to$28 -million pe ntho u ses.  But wh enb uyers  rush ed in to grab 40 percentof  its u nitsin the monthof May, th e l ocal con do m a rk e t seemed certi fiedgolden for the next  deca de, with  plans fo r up to 20  ne w h igh -ri s e  t owers on theb o oksof  majorpla yers li keHow ard  Hu gh es and Ka mehameha  S ch oo ls . B roker s  gushed:  “ Kak a‘ ako  will be Haw ai‘i’ s fa st es t  gr owing a n dm o st e xc it ingnew  m arket  for som e years  to come, ” t r ipli ng  i n sizeto 30,000 res id ents.

Vid a’ s d evelop e r s, The M acNaughton Group and Th e  Kobaya shi  Grou p, a re credit edwith s par k ing th e curr ent b oo m—b a c k in2 0 02  wi th  Hokua, al u xur y con do . Th e first  high-rise in Kaka ‘ ako  in more than  10  yea r s ,Hok u as old  o u t 9 5 percent of itsunits befo re gr oundbreaki n g,at  an ave rage of  $1.1 million  each. By  the time  a ll 2 4 7  co ndos close d on a s ingle day in 20 0 6,  a de vel opment  d ash  wason.

T h e h ousin g shor ta ge was  news  b ack then , too, but even so ther e were  heat edbattles o ver the  Hawai‘iComm unity Deve lop men t Aut hor i ty’sgree n li ght i ng so  man y  tall, vi e w- blo c k in g towers, e s p e cia lly w hil e  repur posi ng hip and funkyK aka‘ako at pri ce p o i nts  th a t se em ed directed at  of fs h o re inves to rs, not loc al resid en t s. Bu t theHCDA i s an au t h or i ty, no t adem ocracy, a ndde v elopers 
. These_things go_in cycles. Sometimes you_go five,_10_years without_anybody_building. It all_comes to a_close in 2017.”

On the_heels of a_boom_and a concurrent shortage in Hawai‘i housing, we can now expect future housing development_to_just dry_up._Wait,_what?

Future historians may note Jan._16, 2016, as the day_illusions of_solving O‘ahu’s housing crisis anytime soon were laid_to_rest.

Eight months before,_in May, developers started taking deposits on a luxury_high-rise called Vida at 888 Ala_Moana, with units_priced_from_$1.8 to $3.3 million_and amenities that included two pools,_a gym, a yoga room, movie_theaters and private dining rooms (with chefs),_guest suites for visitors, play areas,_storage areas, even a “tool_workshop.”

Vida wasn’t_the ritziest address in the_strip that stretches_along Ala_Moana and Kaka‘ako—that_honor goes to Park Lane and_its $22-million to_$28-million penthouses. But when buyers rushed_in_to grab 40_percent_of_its units_in the month_of_May, the_local_condo market seemed certified golden for_the_next decade, with plans for up to_20 new high-rise towers_on_the books of major_players like Howard Hughes and_Kamehameha Schools. Brokers gushed: “Kaka‘ako will_be Hawai‘i’s_fastest growing_and most exciting new market for some years to come,” tripling_in size to 30,000 residents.

Vida’s developers,_The MacNaughton Group and_The Kobayashi_Group,_are credited with_sparking_the current_boom—back in 2002 with Hokua, a luxury_condo. The_first high-rise in Kaka‘ako in more_than 10 years, Hokua_sold_out 95 percent of its units_before groundbreaking, at an average of_$1.1 million each. By the_time_all_247 condos closed on a_single day in 2006, a development_dash was on.

The_housing shortage was news back then, too,_but_even so there were heated battles_over_the Hawai‘i Community Development Authority’s greenlighting_so_many_tall, view-blocking towers, especially while_repurposing hip and funky Kaka‘ako at_price points that seemed directed at offshore investors, not_local residents. But_the HCDA is an authority,_not_a_democracy, and developers