{"id":1004111400,"date":"2015-01-18T21:18:10","date_gmt":"2015-01-19T05:18:10","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=318655"},"modified":"2020-05-12T02:32:08","modified_gmt":"2020-05-12T10:32:08","slug":"hcda-green-lights-stanford-carrs-new-affordable-apartment-complex-in-honolulu","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hcda-green-lights-stanford-carrs-new-affordable-apartment-complex-in-honolulu\/","title":{"rendered":"HCDA Green-Lights Stanford Carr\u2019s New Affordable Apartment Complex in Honolulu"},"content":{"rendered":"<p><em>By Adriana Pop, Associate Editor <\/em><\/p>\n<p>Hawaii regulators have approved a $50 million, 128-unit affordable rental project proposed by developer Stanford Carr near Ala Moana Center in Honolulu\u2019s Kakaako neighborhood.<\/p>\n<p>According to the <em><a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2015\/01\/07\/stanford-carrs-50m-honolulu-affordable-rental.html\" rel=\"nofollow\">Pacific Business News<\/a><\/em>, the upcoming development is meant to satisfy Alexander &amp; Baldwin Inc.&#8217;s affordable housing requirement for its nearby 43-story <em><a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2013\/01\/03\/alexander-baldwin-274-units-at.html\" rel=\"nofollow\">Waihonua at Kewalo<\/a> <\/em>condominium tower.<\/p>\n<div id=\"attachment_318673\" class=\"wp-caption alignright\" style=\"width: 208px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Waihonua-at-Kewalo-in-Honolulu4.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-318673\" title=\"Waihonua-at-Kewalo in Honolulu\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Waihonua-at-Kewalo-in-Honolulu4.jpg\" alt=\"\" width=\"198\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Waihonua at Kewalo in Honolulu<\/p>\n<\/div>\n<p>Scheduled to break ground in about a year, Carr\u2019s 11-story Hale Kewalo complex at the corner of Piikoi and Kona streets will feature 27 one-bedroom units, 72 two-bedroom units and 29 three-bedroom units. The project will cater to Hawaii residents earning between 30 and 100 percent of the area median income (which is less than $40,260 or $57,480 for an individual and family of four, respectively). Monthly rents are expected to range between $500 for a one bedroom and a little more than $1,389 for a three bedroom.<\/p>\n<p>Unanimously supported by the HCDA, Stanford Carr took over A&amp;B\u2019s reserved housing assignment at the end of 2013. &#8220;Essentially, A&amp;B had a partner who could not get financing for the project,&#8221; Anthony Ching, executive director of the Hawaii Community Development Authority, the state agency overseeing the redevelopment of Kakaako, <em><a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2013\/12\/06\/stanford-carr-to-develop-abs.html\" rel=\"nofollow\">told PBN<\/a><\/em>.<\/p>\n<p>Carr\u2019s other developments in Kakaako include the 204-unit <em><a href=\"https:\/\/www.multihousingnews.com\/cities\/honolulu\/stanford-carrs-halekauwila-affordable-rental-complex-in-kakaako-nears-completion\/1004098322.html\" rel=\"nofollow\">Halekauiwila Place<\/a><\/em> affordable apartment project (<em>pictured<\/em>), which opened last year, and the 600-unit Keauhou Lane residential tower, which is part of Kamehameha Schools\u2019 master plan for the neighborhood and is expected to break ground in the spring.<\/p>\n<p><em>Photo credit: Alexander &amp; Baldwin<\/em><\/p>\n<p><em><br \/>\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hawaii regulators have approved a $50 million, 128-unit affordable rental project proposed by Stanford Carr near Ala Moana Center in Honolulu&rsquo;s Kakaako neighborhood.<\/p>\n","protected":false},"author":260,"featured_media":1004505918,"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-1004111400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. 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