HCDA Approves Keauhou Lane Project in Kakaako

The Hawaii Community Development Authority has voted to approve the Keauhou Lane project in Kakaako. According to Stanford Carr, the local developer who is in charge of the tower portion of the project, the complex will feature a 43-story tower with 388 condominium units as well as a six-story rental building with 209 apartments.  There will also be a total of 35 town homes and additional restaurant and retail space on the ground floors.  Keahou Lane will be built adjacent to a planned city rail station, making it the first transit-oriented-development project in Honolulu.  Carr stated, "It's going to be urban living at its best."

Several owners living in One Waterfront Tower are concerned that Keauhou Lane would significantly block views for their building and therefore decrease property values.  Other residents argue that the 400 ft tower of Keauhou Lane would block tradewinds and therefore result in higher temperatures on their recreation deck.

Source: Honolulu Star Advertiser, 5-1-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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