A master plan by Kamehameha Schools to remake 29 acres of its land in Kaka'ako into a largely high-rise residential community was approved yesterday by the state agency that oversees the area. The approval will allow Hawai'i's largest private landowner to break ground as early as next year....the buildout of the nine blocks between Restaurant Row and Ward Centers mauka of Ala Moana is anticipated to take 15 years and produce up to 2,750 homes with seven towers as well as low-rise buildings, some retail and park space.
--Honolulu Advertiser
This development will hopefully come as a relief for those searching for affordable housing. 55 homes will be "affordable" for those earning the median income while 395 homes will be available for those earning 140% of the median income. It will create thousands of full-time jobs and nearly ten thousand temporary jobs, as well as being home to a few local businesses.Full Article...
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