A group of residents living in Royal Capital Plaza in Kakaako, are protesting the building of a second tower at 801 South Street. The Hawaii Community Development Authority, which is a state agency tasked with regulating the development of Kakaako, has already given approval for developer Downtown Capitol LLC to build the first tower at 801 South Street, but is still deciding if a second tower would be allowed. Under the proposal, there will be 635-units in the first tower, and an additional 410-units built in the second tower. Tentatively units in the first tower will be priced between $250,000 for a studio to $550,000 for a two-bedroom. The second tower would have one bedrooms starting at $360,000 to three bedrooms at around $690,000.
Source: Honolulu Star Advertiser, 9-29-2013, 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
