Kamehameha Schools, together with Castle & Cooke Homes Hawaii Inc., recently unveiled plans for a $60 million mixed-use residential project in Kakaako. The project will add 183 rental and for-sale workforce housing units to the booming Kakaako market.
The project will be located on block B bound by Pohukaina, Keawe and Auahi streets. The project will include 88 rental units developed by Kamehameha Schools, 95 for-sale units developed by Castle & Cooke, along with roughly 10,000 square feet of commercial space.
Castle & Cooke project 400 Keawe will sit on the makai end of the block occupying 1.52 acres and include a 65-foot, six-story mixed-use building with 75 market price units and 20 workforce units. One- to three-bedroom units will be available with prices ranging from the low $400,000s to mid $700,000s.
Kamehameha Schools will develop a 65-foot building on the the rest of the 2.81-acre block including four floors of residential rental units. Rent for the studio, one-, two-, and three-bedroom units, will range from $1,100 to $1,800 a month, targeting middle-income workers and their families. Income restrictions similar to that of workforce housing will be in place.
The two-story, 24,000-square foot building at 458 Keawe, formerly used by Alu Like, will be used as commercial space.
Upon completion, the development will boast more than 28,600 square feet of open, public areas and feature a 14,500-square foot plaza, bicycle parking, a convenient dog run, mid-block pedestrian passage and streetscapes. It will also serve as a pathway to and from the future Honolulu rail transit station located just one block away on Halekauwila Street.
No sales dates have been released. For more information about all things Kakaako development, contact Holden at Holden@Kakaako.com.