Below are the projects that have been announced by Kamehameha Schools.
SALT Retail Complex - Kamehameha Schools has already announced the building of a retail complex called SALT, which would be created by renovating old buildings in the neighborhood.
The Collection - Land has also been sold to developer Alexander & Baldwin, who proposes to build a high-rise tower and a low rise building with a total of 470 units called The Collection. Alexander & Baldwin are still awaiting approval from the Hawaii Community Development Authority before proceeding with the project.
555 South Street - Developer Stanford Carr has announced that he will be developing a 40-story building at 555 South Street. The tower will have a total of 600 units and Carr hopes to get approval and start building by the end of 2014. The property will be mixed use and will feature the high-rise condominium, low-rise townhouses, live-work units, rental apartments and rental spaces. 555 South Street will cost about $300 million to develop.
Keauhou Place - Developer Stanford Carr plans to build another tower called Keauhou Place, which would have 450 units. The building would be a mixed-use project with both rental units and fee simple units reserved for middle income units. Plans call for rental units priced between $1,050 to $1,300 per month and units for sale starting in the high $300,000 range. In order to qualify to rent one of the units, a tenant would have to earn less than 100 percent of the median income of Honolulu. In order to buy a unit, the buyer would have to earn a maximum for 140 percent of the median income of Honolulu.
Halekauwila Place - Carr will also be building another tower called Halekauwila Place, which would be an affordable rental apartment tower next to Mother Waldron Park. All units in the building will be rentals and none will be for sale.
SALT Retail Complex - Kamehameha Schools has already announced the building of a retail complex called SALT, which would be created by renovating old buildings in the neighborhood.
The Collection - Land has also been sold to developer Alexander & Baldwin, who proposes to build a high-rise tower and a low rise building with a total of 470 units called The Collection. Alexander & Baldwin are still awaiting approval from the Hawaii Community Development Authority before proceeding with the project.
555 South Street - Developer Stanford Carr has announced that he will be developing a 40-story building at 555 South Street. The tower will have a total of 600 units and Carr hopes to get approval and start building by the end of 2014. The property will be mixed use and will feature the high-rise condominium, low-rise townhouses, live-work units, rental apartments and rental spaces. 555 South Street will cost about $300 million to develop.
Keauhou Place - Developer Stanford Carr plans to build another tower called Keauhou Place, which would have 450 units. The building would be a mixed-use project with both rental units and fee simple units reserved for middle income units. Plans call for rental units priced between $1,050 to $1,300 per month and units for sale starting in the high $300,000 range. In order to qualify to rent one of the units, a tenant would have to earn less than 100 percent of the median income of Honolulu. In order to buy a unit, the buyer would have to earn a maximum for 140 percent of the median income of Honolulu.
Halekauwila Place - Carr will also be building another tower called Halekauwila Place, which would be an affordable rental apartment tower next to Mother Waldron Park. All units in the building will be rentals and none will be for sale.
Source: Honolulu Star Advertiser, 7-27-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
