The Hawaii Community Development Authority has announced that several developers have submitted competing proposals to build a new 650 foot tall condominium tower on state land in Kakaako. The property would be located on a 2.2 acre lot and is tentatively called 690 Pohukaina, or its potential property address. The proposals would be reviewed an be open for public hearings either in December 2012 or January 2013.
Currently, there is a height limitation for buildings in Kakaako of 400 feet. However, the Hawaii Community Development Authority is considering increasing this to 650 feet to help decrease urban sprawl. However, several environmental groups have expressed their concerns and have openly opposed this plan. These groups have stated that they would fight the proposal to increase the maximum height of buildings in court, if necessary.
Source: Honolulu Star Advertiser, 9-1-2012, 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
