The State of Hawaii's Department of Business, Economic Development and Tourism issued a report on Kakaako, hoping to give the general public a better idea about why its redevelopment is both a good thing and a much needed project for Oahu. According to the report, the development of Kakaako would help ease the housing shortage on Oahu as well as generate $5 billion worth of economic impact for the state. DBEDT notes that once the first 11 residential condominium towers are completed over the next five years, the population of Kakaako will approximately double to just over 20,000 people.
Source: Honolulu Star Advertiser, 7-8-2014, 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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