{"id":1004056586,"date":"2012-12-25T21:22:33","date_gmt":"2012-12-26T05:22:33","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=90563"},"modified":"2020-04-01T11:26:23","modified_gmt":"2020-04-01T19:26:23","slug":"forest-city-hawaii-to-develop-690-pohukaina-mixed-use-project-in-honolulu","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/forest-city-hawaii-to-develop-690-pohukaina-mixed-use-project-in-honolulu\/","title":{"rendered":"Forest City Hawaii to Develop 690 Pohukaina Mixed-Use Project in Honolulu"},"content":{"rendered":"

\"\"<\/a>By Adriana Pop, Associate Editor <\/em><\/p>\n

Forest City Hawaii has been selected by the Hawaii Community Development Authority (HCDA) to develop the $500 million \u201c690 Pohukaina\u201d mixed-use project in Honolulu’s Kakaako neighborhood.<\/p>\n

According to the Pacific Business News<\/em><\/a>, the developer has proposed the construction of 800 workforce rental housing units on the state-owned parcel located at 690 Pohukaina St. Pending further approvals, the public-private project could include Hawaii\u2019s tallest building at 650 feet. Plans also call for a commercial and civic building, a parking structure, a business incubator and offices for the state\u2019s library system and Friends of the Library.<\/p>\n

The state agency told the newspaper it had selected Forest City\u2019s proposal to develop rentals because it presented less financial risk than the competing bid submitted by the other finalist, Lend Lease. The Australian developer intended to sell the units as condominiums.<\/p>\n

The 690 Pohukaina project will be designed as a transit-oriented development, optimizing access to multiple forms of public transportation. Construction could start in 2015 or 2016, with completion scheduled for the summer of 2019. The state agency estimates that the new development would create 500 construction jobs and as many as 1,000 indirect jobs.<\/p>\n

In other news, Queen\u2019s Health Systems has acquired the former Hawaii Medical Center West campus from St. Francis Healthcare System of Hawaii. The company expects to spend more than $70 million on the property\u2019s acquisition and improvements. Upon completion in 2014, the new campus will reopen as Queen\u2019s Medical Center \u2013 West Oahu.<\/p>\n

\u201cTransferring the ownership of the West Oahu hospital assets to Queen\u2019s is an important milestone for St. Francis,\u201d Jerry Correa, St. Francis president & CEO, said in a press release. \u201cWe recognize the critical need to reopen hospital and emergency services in West Oahu.\u201d<\/p>\n

Photo credits: Forest City Hawaii<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Forest City Hawaii has been selected by the Hawaii Community Development Authority (HCDA) to develop the $500 million \u201c690 Pohukaina\u201d mixed \u2013use project in Honolulu’s Kakaako neighborhood.
\nAccording to the Pacific Business News, the developer has proposed the construction of 800 workforce rental housing units on the state owned parcel located at 690 Pohukaina Street. Pending further approvals, the public-private project could include Hawaii\u2019s tallest building at 650 feet. Plans also call for a commercial and civic building, a parking structure, a business incubator and offices for the state\u2019s library system and Friends of the Library. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":260,"featured_media":1004506050,"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-1004056586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"\nForest City Hawaii to Develop 690 Pohukaina Mixed-Use Project in Honolulu - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/forest-city-hawaii-to-develop-690-pohukaina-mixed-use-project-in-honolulu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forest City Hawaii to Develop 690 Pohukaina Mixed-Use Project in Honolulu\" \/>\n<meta property=\"og:description\" content=\"Forest City Hawaii has been selected by the Hawaii Community Development Authority (HCDA) to develop the $500 million \u201c690 Pohukaina\u201d mixed \u2013use project in Honolulu's Kakaako neighborhood. According to the Pacific Business News, the developer has proposed the construction of 800 workforce rental housing units on the state owned parcel located at 690 Pohukaina Street. Pending further approvals, the public-private project could include Hawaii\u2019s tallest building at 650 feet. Plans also call for a commercial and civic building, a parking structure, a business incubator and offices for the state\u2019s library system and Friends of the Library. 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