Honolulu Mayor Approves Koa Ridge Project

Honolulu Mayor Kirk Caldwell has signed a bill allowing Castle & Cooke Hawaii to start work on their Koa Ridge project which will provide 3,500 new homes in the central Oahu community. Caldwell stated, "The only way we're going to deal with our skyrocketing housing prices is by building more products and more units. The more that go on the market, that's going to control the increase in price. I'm 100 percent on board with trying to figure out ways to make housing more affordable." Opponents of the Koa Ridge project are still concerned that the new development would destroy important agricultural land in the region and also create even worse traffic problems along the H-2 freeway corridor.

Source: Honolulu Star Advertiser, 11-28-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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