By Liviu Oltean, Associate Editor<\/p>\n
The Hawaii Community Development Authority (HCDA) will file RFQs in January for\u00a0the 690 Pohukaina project.<\/p>\n
The project is comprised of two towers: The first one encompasses 300 affordable residential units, while the second tower includes 500 market price residential units. The second tower will be 650 feet high, making it the tallest building in Hawaii \u2013 250 feet more than the First Hawaiian Center, the Pacific Business News reports.<\/p>\n
The project is funded through a combination of public and private partnerships involving the Hawaii Housing Finance and Development Corp. of Land and Natural Resources and the Department of Commerce and Consumer Affairs. It will be developed as a mixed-use complex containing\u00a0housing and commercial space.<\/p>\n
\u201cThis development will provide housing choices and opportunities for a variety of people and families,\u201d said Governor Abercrombie. \u201cBut the first thing 690 Pohukaina does is create jobs in construction and business sectors. This is a combination of growing our economy and the creation of a thriving community.\u201d The HCDA estimated that the project will reinforce the state\u2019s economy with $500 million over the next seven years. In addition, during the construction process, more than 500 construction related jobs will be generated, with an additional 1,000 indirect jobs.<\/p>\n
The 690 Pohukaina will be developed in three phases:
\n\u2022 1st Phase – affordable rental housing complex that will break ground in February 2011.
\n\u2022 2nd Phase – affordable and market housing units with community spaces.
\n\u2022 3rd Phase – a high tech business incubator and innovation space for broadband capability.<\/p>\n
Projected construction completion date is in 2019. The project is also developed as a Transit Oriented Development, optimizing access to public transportation and incorporating amenities that will encourage the use of public transit.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Liviu Oltean, Associate Editor
\nThe Hawaii Community Development Authority (HCDA) will file RFQs in January for\u00a0the 690 Pohukaina project.
\nThe project is comprised of two towers: The first one encompasses 300 affordable residential units, while the second tower includes 500 market […]<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[],"class_list":["post-1004053679","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"\n