Forest City Hawaii’s planned 499-unit Kapolei Lofts mixed-use apartment rental complex in West Oahu is expected to start construction soon, a contractor for the $140 million project told PBN.
Peter Kwan, vice president of Operations for Kapolei-based Delta Construction Corp., said that it should be starting soon on site work for the project, which includes one-, two- and three-bedroom units, ranging from 400 square feet to 1,200 square feet, to be located near the Foodland-anchored Kapolei Village Center.
“We are doing the horizontal work for this project,” he told PBN.
The project, which was first reported by PBN, also includes commercial space, a community center/clubhouse, a one-acre linear park and parking.
It is expected to take about two years to complete.
Of the total apartment units, 100 units will be targeted for households at 80 percent and below the area median income as determined by the U.S. Department of Housing and Urban Development, while 200 units will be targeted for those at 140 percent and below the area median income and the remaining balance of units will be offered at market rents.
In March, Forest City cleared a key environmental hurdle for the project.
Duane Shimogawa Reporter – Pacific Business News