Robertson Properties has won final approval from the Honolulu City Council to build their new project called Live Work Play Aiea. Located on the former Kam Drive-In site across from the Pearlridge Center, the plan calls for building a total of 1,500 residential units, retail and office space, a senior living facility and a limited service hotel. One concession that the developer agreed to make was to build 450 affordable housing units in the area, or at least in the vicinity of other hubs along the Honolulu Rail Project line. At least half of those affordable housing units would have to located at Live Work Play Aiea.
Some residents currently living in the neighborhood are concerned about the increased traffic and the possible loss of view planes. According to Robertson Properties, there will be a total of five towers. Two of the towers will be 150 feet tall, while the other three can be a maximum of 250 feet, 300 feet and 350 feet respectively. Robertson Properties will also spend several million dollars to improve the roads in the surrounding area.
Source: Honolulu Star Advertiser, 4-17-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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