Jul 23, 2013, 7:01am HST
Duane Shimogawa | Reporter- Pacific Business News
Stanford Carr Development is planning to build a mixed-use high-rise residential project in Kakaako that would include 600 residential units, including townhomes, live-work units, rental apartments and ground floor commercial space.
It will be located in an empty parking lot along South Street, adjacent to Carr’s Halekauwila rental development and bounded by Halekauwila and Pohukaina streets as well as South and Keawe streets.
The project involves landowner Kamehameha Schools and the Hawaii Community Development Authority, the state agency charged with overseeing development in areas such as Kakaako.
A Honolulu Authority for Rapid Transportation rail transit station is located right near this planned development but Carr declined comment on the prospects of it being a part of the new residential project.
“We’re trying to integrate everything,” Carr told PBN. “We challenged ourselves to go before agencies and say, ‘let’s collaborate.’”
PBN first reported this planned development, which will most likely include a neighborhood grocery store as one of its ground-floor commercial components.
Carr told PBN that the project is expected to include a total of 600 units, with 400 units for sale and 200 rental units.
Gov. Neil Abercrombie, Paul Kay, director of real estate development for Kamehameha Schools, and Carr are expected to make an official announcement regarding the project on Friday.
The development is part of Kamehameha Schools’ “Our Kakaako” master plan, which includes 29 acres on nine city blocks, seven residential towers that include 2,750 units and 300,000 square feet of commercial space.
Search properties for sale at KakaakoProperties.com
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