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Thursday, January 22, 2015

Update on Artspace in Kakaako

The Hawaii Community Development Authority has voted 6-0 in favor of issuing the non-profit Artspace to build an eight story building in Kakaako.  Under Artspace's proposal, their building will feature a total of 84 rental lofts that will serve as housing for artists.  Monthly rents will range from $437 to $1,334 per month and will target those households earning between 30 percent to 60 percent of Honolulu's median income ($20,150 for a single person or $40,260 for a family of four on the low end).  "Art" for the Artspace project is defined broadly and can include literature, photography, architecture, singing, dancing, film-making and acting.  Even technicians, administrators and teachers who support art can qualify.  The quality of the art produced will not be a factor in deciding occupancy.  The building should be finished by the end of 2016.

Source: Honolulu Star Advertiser, 1-22-2015,
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC