{"id":1004095864,"date":"2014-05-02T10:48:20","date_gmt":"2014-05-02T18:48:20","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=258549"},"modified":"2020-04-13T01:32:11","modified_gmt":"2020-04-13T09:32:11","slug":"state-agency-approves-joint-development-permit-for-two-mixed-use-residential-projects-in-kakaako","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/state-agency-approves-joint-development-permit-for-two-mixed-use-residential-projects-in-kakaako\/","title":{"rendered":"State Agency Approves Joint Development Permit for Two Mixed-Use Residential Projects in Kakaako"},"content":{"rendered":"<p><!--[if gte mso 9]><xml><br \/>\n<o:OfficeDocumentSettings><br \/>\n<o:AllowPNG\/><br \/>\n<\/o:OfficeDocumentSettings><br \/>\n<\/xml><![endif]--><\/p>\n<p><!--[if gte mso 9]><xml><br \/>\n<w:WordDocument><br \/>\n<w:View>Normal<\/w:View><br \/>\n<w:Zoom>0<\/w:Zoom><br \/>\n<w:TrackMoves\/><br \/>\n<w:TrackFormatting\/><br 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SemiHidden=\"false\"<br \/>\nUnhideWhenUsed=\"false\" QFormat=\"true\" Name=\"Book Title\"\/><br \/>\n<w:LsdException Locked=\"false\" Priority=\"37\" Name=\"Bibliography\"\/><br \/>\n<w:LsdException Locked=\"false\" Priority=\"39\" QFormat=\"true\" Name=\"TOC Heading\"\/><br \/>\n<\/w:LatentStyles><br \/>\n<\/xml><![endif]--><!--[if gte mso 10]><\/p>\n\n\n\n\n<style>\n \/* Style Definitions *\/\n table.MsoNormalTable\n\t{mso-style-name:\"Table Normal\";\n\tmso-tstyle-rowband-size:0;\n\tmso-tstyle-colband-size:0;\n\tmso-style-noshow:yes;\n\tmso-style-priority:99;\n\tmso-style-parent:\"\";\n\tmso-padding-alt:0cm 5.4pt 0cm 5.4pt;\n\tmso-para-margin-top:0cm;\n\tmso-para-margin-right:0cm;\n\tmso-para-margin-bottom:10.0pt;\n\tmso-para-margin-left:0cm;\n\tline-height:115%;\n\tmso-pagination:widow-orphan;\n\tfont-size:11.0pt;\n\tfont-family:\"Calibri\",\"sans-serif\";\n\tmso-ascii-font-family:Calibri;\n\tmso-ascii-theme-font:minor-latin;\n\tmso-hansi-font-family:Calibri;\n\tmso-hansi-theme-font:minor-latin;\n\tmso-fareast-language:EN-US;}\n<\/style>\n\n\n\n\n<p><![endif]--><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/05\/Keauhou-Lane-in-Honolulu.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-258551\" title=\"Keauhou Lane in Honolulu\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/05\/Keauhou-Lane-in-Honolulu.jpg\" alt=\"\" width=\"300\" height=\"232\" \/><\/a>By Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Two adjacent residential and commercial projects proposed by Hawaii developer Stanford Carr and Oregon-based Gerding Edlen in Kakaako have been approved by the Hawaii Community Development Authority, the <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/www.bizjournals.com\/pacific\/blog\/morning_call\/2014\/05\/hawaii-community-development-authority-approves.html\" target=\"_blank\" rel=\"nofollow\">Pacific Business News<\/a><\/em> reports. <span style=\"mso-spacerun: yes;\">\u00a0<\/span><span style=\"mso-spacerun: yes;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Known as Keauhou Lane, the new developments will bring a total of 632 rental and for-sale housing units on a 4.2-acre block bordered by South, Halekauwila, Keawe and Pohukaina streets. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Stanford Carr\u2019s project at 500 South St. will include a 400-foot tower with 388 one-, two- and three-bedroom residential units; a 42-foot mid-rise building with 35 two- and three-bedroom townhouses; 2,854 square feet of ground-floor commercial space; a 72-foot parking structure; 13,000 square feet of open space; and 31,400 square feet of recreation space. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Developed on behalf of landowner Kamehameha Schools, Gerding Edlen\u2019s portion of the project will rise at 500 Keawe St. Plans calls for a 65-foot mid-rise building with 209 studio, one- and two-bedroom residential units; 39,145 square feet of ground-floor commercial space; four loading stalls; about 13,600 square feet of open space; and 11,500 square feet of recreation space. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Construction on both projects is scheduled to begin later this year and be complete in 2016. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Keauhou Lane is part of Kamehameha Schools\u2019 \u201cOur Kakaako\u201d master plan, which currently includes three other developments: Six Eighty Ala Moana, A&amp;B Properties\u2019 The Collection and the Salt at Our Kakaako retail complex. Upon completion, the master plan will feature a total of seven residential towers on nine city blocks, offering a combined 2,750 residences and 300,000 square feet of commercial space.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In other news, the <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2014\/04\/23\/hawaii-developer-savios-honolulu-affordable.html\" target=\"_blank\" rel=\"nofollow\">Pacific Business News<\/a><\/em> reports that sales are underway for Rycroft Terrace, a 162-unit affordable housing complex developed by Peter Savio near Ala Moana Center in Kakaako. <span style=\"mso-spacerun: yes;\">\u00a0<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Priced between $123,480 and $274,990, the residences will first be available to applicants making 30 percent or less of the area median income. Sales will then continue for qualified buyers earning as much as 140 percent of the AMI, or $115,650 for a family of four.<\/span><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\">Photo credit: www.ourkakaako.com<\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two adjacent residential and commercial projects proposed by Hawaii developer Stanford Carr and Oregon-based Gerding Edlen in Kakaako have been approved by the Hawaii Community Development Authority, the Pacific Business News reports.<\/p>\n","protected":false},"author":260,"featured_media":1004506961,"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":[1815],"class_list":["post-1004095864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-honolulu","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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