The Hawaii Community Development Authority has given their approval for both 400 Keawe St and 440 Keawe Street in Kakaako. The two mid rise buildings will be a 95-unit condominium project and an 88-unit rental complex respectively, and will be located on the square block that is currently bordered by One Waterfront Towers, Keawe St, Auahi St, and Pohukaina St. 400 Keawe St will be developed by Castle & Cooke Homes Hawaii, while Kamehameha Schools will develop the apartment complex. There will also be some retail space and a restaurant located between the two buildings.
According to Castle & Cooke, prices are expected to range from the high $300,000s to the mid-$700,000s for one to three bedroom units. Twenty of the 95 units will be restricted to buyers earning no more than 130 percent of Honolulu's median income. Executive Vice President of Castle & Cooke, Bruce Barrett, commented, "We think there's a lot of demand for these price points. We have a project that differentiates itself. It's on a smaller and more human scale."
Source: Honolulu Star Advertiser, 6-11-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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