Update on 803 Waimanu in Kakaako

MJF Development Corp has submitted a new application with the Hawaii Community Development Authority to build a seven-story building with 153 units at 803 Waimanu in Kakaako.  Previously, the company had proposed to build a 27-story tower with 192 units, but that plan was rejected by the HCDA after receiving a lot of opposition for residents of neighboring Imperial Plaza condominium tower.  Imperial Plaza residents argued successfully that the originally planned 803 Waimanu tower was too tall and too close their building.

Under the new proposal, a total of 117 of the 153 units will be studios, approximately 384 sq ft in size.  The rest of the units will be a mix of one-bedroom and two-bedroom units.  It should be noted that there will be only a total of 92 parking stalls in the project, many of which will be in a mechanical lift system.  As a result, not of the units will be conveyed with parking.  MJF Development Corp will make a presentation of their proposal to the HDCA on November 6.  The public would be allowed to attend this meeting and provide testimony.

Source: Honolulu Star Advertiser, 10-8-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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