Here are some updates:
Aloha Kai
Honolulu condo project on YMCA site near Ala Moana Center to start construction in early 2016
Aug 4, 2015, 12:06pm HST
Duane Shimogawa
Reporter
Pacific Business News
The 117-unit, 37-story “Aloha Kai” condominium project planned for the site of the YMCA of Honolulu Central branch on Atkinson Drive across from Ala Moana Center is expected to start construction by early 2016, the developer of the project confirmed to PBN Tuesday.
Aloha Kai encountered a delay after the developer asked for a zoning change that included increasing the its height limit to 350 feet from 150 feet.
Source:
Pacific Business News
Kakaako development plan includes hotels, high-rises
Jul 10, 2015, 12:30pm HST
Duane Shimogawa
Reporter
Pacific Business News
The Honolulu neighborhood of Kakaako — one of the communities that’s a part of the city’s transit-oriented development plan — could be getting a limited number of hotels and a maximum of three high-rise residential condominiums with heights up to 700-feet, according to public documents.
The Hawaii Community Development Authority, the state agency regulating development of Kakaako, released its final environmental impact statement for the area’s transit-oriented development overlay plan. Among other things, the plan identifies specific properties for public/private development partnerships, allows and promotes a mix of building types, increases opportunities for both affordable housing and for overall development capacity while reducing parking requirements.
The plan also promotes transit-friendly and community-supportive land uses to encourage “around the clock” activity in and near transit stations, establishes an incentive program to trade developers higher capacity and taller buildings in exchange for providing more open space, and provides landscaped "green connections" and mid-block paths when parcels are consolidated for redevelopment.
Source:
Pacific Business News
803 Waimanu
Kakaako condo builder touts prices
As little as $240,000 will fetch purchasers an 803 Waimanu unit, a report tells the state
By Andrew Gomes
POSTED: 01:30 a.m. HST, Jun 15, 2015
The views aren't great, living spaces are mostly small and in some cases there's no parking. But the price may be unbeatable at an upcoming condominium in Kakaako where million-dollar homes in swanky towers abound. The developer of the planned midrise called 803 Waimanu, which was approved by the state last year, has projected potential prices described as among the lowest on the market for the most economical units in the 153-unit condo.
The views aren't great, living spaces are mostly small and in some cases there's no parking. But the price may be unbeatable at an upcoming condominium in Kakaako where million-dollar homes in swanky towers abound.
The developer of the planned midrise called 803 Waimanu, which was approved by the state last year, has projected potential prices described as among the lowest on the market for the most economical units in the 153-unit condo.
Source:
Honolulu Star Advertiser
South Korean developer has big plans for Kapiolani
A 485-unit tower would rise about 400 feet and would be available to mostly moderate-income buyers
By Andrew Gomes
POSTED: 01:30 a.m. HST, Mar 30, 2015
A South Korean company that owns two lots on Kapiolani Boulevard hopes to use the state affordable-housing law to build a pair of condominium towers that would be largely reserved for moderate-income buyers and would be bigger than zoning rules permit. SamKoo Pacific LLC shared plans for an initial 485-unit tower with the Ala Moana-Kakaako Neighborhood Board last week.
A South Korean company that owns two lots on Kapiolani Boulevard hopes to use the state affordable-housing law to build a pair of condominium towers that would be largely reserved for moderate-income buyers and would be bigger than zoning rules permit.
SamKoo Pacific LLC shared plans for an initial 485-unit tower with the Ala Moana-Kakaako Neighborhood Board last week.
Source:
Honolulu Star Advertiser
Chinese developer may build high-rise residential project near Honolulu's Ala Moana Center
Apr 3, 2015, 11:21am HST
Duane Shimogawa
Reporter
Pacific Business News
A Chinese developer has purchased property along Kapiolani Boulevard near Ala Moana Center in Honolulu, with possible plans to build a high-rise condominium project, the seller and the firm representing the buyer of the property confirmed with PBN on Friday.
Hong Kong’s Qinghua International Holdings Ltd. closed on the purchase this week of a nearly 30,000-square-foot parcel at 1338 Kapiolani Blvd. for about $15.4 million, nearly triple the amount four Hawaii partners paid for the property 10 years ago.
Ron Lee, a principal for Honolulu-based Real Estate Inc. Hawaii, who is one of the partners for the sellers, told PBN that the Chinese developer is also under contract to buy the next-door property to possibly build a residential project in a joint venture with a local developer.
Source:
Pacific Business News
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