By Liviu Oltean, Associate Editor<\/p>\n
Robertson Properties Group (RPG), one of the largest shopping center owners and managers in the U.S.,\u00a0recently downsized its master plan for a drive-in property in Aiea.<\/p>\n
Located at the corner of Moanalua Road and Kaonohi Street, the asset was purchased from Kamehameha Schools in 2007. According to the Pacific Business News<\/em>, the 14-acre commercial real estate property will be redeveloped\u00a0into 1,500 residential homes, about 220,000 square feet of commercial space that might include retail, office, hotel or senior residences and more than 3,000 parking units.<\/p>\n RPG representatives have disclosed that 30 percent of the residences will be affordable units under the guidelines of the City and County of Honolulu. In addition, the project features recreation areas and gathering spaces.<\/p>\n The key changes to the\u00a0original design\u00a0address environmental concerns. In an attempt to reduce the visual impact on the skyline, RPG proposed one 350-foot building and four other buildings that will range from 150 to 300 feet high, and\u00a0the five properties have a slimmer design. The number of residences has also been reduced from 1,800. RPG has declared that they have prepared an environmental impact statement draft that is currently pending for approval.<\/p>\n The estimated cost of the project ups to $777 million and is expected to\u00a0inject $2.3 billion into the\u00a0community\u2019s economy during the 13-year construction phase. The mixed-use project\u00a0is expected to\u00a0break ground in 2014, and it will add about 1,000 jobs in construction per year.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" By Liviu Oltean, Associate Editor
\nRobertson Properties Group (RPG), one of the largest shopping center owners and managers in the U.S.,\u00a0recently downsized its master plan for a drive-in property in Aiea.
\nLocated at the corner of Moanalua Road and Kaonohi Street, the […]<\/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-1004053681","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"\n