A $75 million, 17-story senior-living facility on Kalakaua Avenue near the Hawaii Convention Center that will officially begin construction next week, is expected to create a total of 460 jobs, including 160 permanent full-time jobs when the project is completed in early 2016.
Louis Leong, vice president for San Francisco, California-based Island Paradise Investments, the developer of “Kalakaua Gardens,” told PBN this week that it is planning a “very aggressive” construction schedule, expecting to be finished with the project at 1723 Kalakaua Ave. in 15 months.
“We are aiming towards an aging-in-place mission,” he said. “Our residents, because of our four levels of care, can stay at our location for a very long period of time.”
The project will include a total of 168 rental units with 216 beds, consisting of 136 independent and assisted living beds, 23 memory care beds and 49 skilled nursing beds.
In terms of staffing, it will have about 20 management level positions, 80 in-care and support staff jobs and 60 positions in dining, housekeeping and support staff.
Leong said that it will begin outreach for pre-leasing eight to six months before completion of the project.
He declined to specify rates, although he noted that it will be market rents that are very competitive with other projects.
“Our concentration will be to get this community to be a success,” Leong said. “We are definitely looking at other potential sites, but not actively, because we want to make sure this one is running the right way first.”
He pointed out that Palolo Chinese Home, a provider of long-term care services to seniors and their families, helped Island Paradise Investments with help for the project, including design, financial analysis and programming.
Avalon Health Care has been selected as the management firm for Kalakaua Gardens.
Honolulu-based Architects Hawaii Ltd. designed the project with San Francisco-based Swinerton Builders as the general contractor.
Kalakaua Gardens is located at the same location as the 1723 Kalakaua project, a 16-story, 110-unit residential condominium that at one time drew hundreds of prospective buyers. Island Paradise Investments switched gears three years ago to develop Kalakaua Gardens.
Duane Shimogawa Reporter – Pacific Business News