The Hawaii Community Development Authority, the state agency responsible for regulating development in Kakaako, has announced that they are considering building a new parking structure and other public facilities on a 5-acre lot located next to the University of Hawaii's John A. Burns School of Medicine in Kakaako. The lot, which is bordered by Keawe Street and Ilalo Street, was originally planned to serve as the home for the school's cancer center, but the University had decided to build the $120 cancer center on the ocean side of the medical school's campus.
Executive Director for the HCDA, Anthony Ching, stated, "As we believe that the university still has room for expansion, and as we believe in that vision and support it, we've entered into discussions where we would master-develop the lot. While we develop appropriate university facilities there, we would also look to develop an appropriate regional parking facility and other uses like an innovation and technology park and perhaps some other public-facility-type uses, alongside what the university envisioned at that site. The advantages to the HCDA serving as master developer is that we're a sister (state) agency not looking to profit, but support the development of university facilities. We're doing it as part of our function as a community redevelopment agency. Development is our expertise. We'll leave to the university what educational developments would be appropriate and needed at that site, which is their expertise."
Source: Honolulu Star Advertiser, 7-16-2013, 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
