Legal Petition Against 801 South Street's Second Phase

A legal petition against the Hawaii Community Development Authority has been filed in state court, and is asking that they invalidate a development permit for the second phase of the 801 South Street project. According to the AOAO of neighboring building Royal Capital Plaza, which filed the petition, the HCDA violated numerous state laws and agency rules.  The petition states, "The actions of HCDA in approving the Phase II permit were clearly erroneous, arbitrary and capricious, and characterized by both an abuse of discretion and a clearly unwarranted exercise of discretion."

801 South Street is being constructed by Downtown Capital, which is owned by local affordable housing developer Marshall Hung.  Under the current proposal, two towers (Tower A and Tower B) would be built. Tower A is already under construction and will have a total of 635 units in its 400 foot residential tower. Tower B, which has been approved by the Hawaii Community Development Authority, will also be 400 feet tall and would have another 318 units.

Source: Honolulu Star Advertiser, 1-17-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com