Hawaii Construction Boom: New Developments Coming to Honolulu, North Shore, Central, West and Windward Oahu
New developments are changing the face of Honolulu—find out what’s coming.
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Cheap rents on the park
Built to satisfy the Hawaii Community Development Authority’s requirement for affordable rental housing, this building’s 204 units are for workers whose income is no more than 60 percent of Honolulu’s median annual income. For a single person, that would be $41,000. Units range from studios to three-bedroom apartments. At press time, developer Stanford Carr was putting the finishing touches on the building, which shares its block with Mother Waldron Park.
Halekauwila Street at Keawe Street, Rentals from $956–$1,389, 19 stories, 2014
A shrunken giant
Community outcry forced California-based developer Franco Mola to scale back his planned building from 400 feet to a measly 65 feet. Residents of Imperial Plaza—a building just 39 feet away—still complain that their neighbor to be is too close for comfort. Nonetheless, construction is set to begin later this year. Prices for the 153 studios and one- and two-bedroom units range from affordable to market-rate. An automated parking garage (think car elevator) puts a twist on parking.
$200K–$450K, 7 stories, 2016
Business and housing
A new piece from the “Our Kakaako” development plan came to light recently with the announcement of Castle & Cooke’s plan to create a mix of commercial and residential space at Auahi and Keawe streets. The ground floor will feature 10,000 square feet for businesses. Ninety-five one- to three-bedroom condos will occupy floors two through six. All of it is just a half block from Waterfront Plaza.
$400K–$700K, 6 stories, 2016
TROUBLE FOR THE HCDA
The intensifying pace of high-rise construction in Kakaako has set off a backlash against the Hawaii Community Development Authority, the state agency in charge of redeveloping the area. Driven by fears of over-development and the sense among many Kakaako residents that the agency puts the interests of developers ahead of their neighborhood, an anti-HCDA movement has arisen. It has produced picket lines at construction sites, calls to rein in the agency or abolish it altogether, and three grassroots organizations: Kakaako United, Kakaako Cares and Kakaako Do It Right.