{"id":1004121298,"date":"2015-06-16T18:35:14","date_gmt":"2015-06-17T02:35:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=353112"},"modified":"2021-05-14T17:57:13","modified_gmt":"2021-05-15T01:57:13","slug":"affordable-options-for-kupuna","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/affordable-options-for-kupuna\/","title":{"rendered":"Affordable Options for Kupuna"},"content":{"rendered":"

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

\"Kulana<\/a>Franco Mola\u2019s California-based Coastal Rim Properties Inc. is planning a January construction start for Kulana Hale II at Kapolei, a mixed-use residential and retail project on West Oahu. Construction is scheduled for completion by July 2018.<\/p>\n

According to the Pacific Business News<\/a><\/em>, the $111.5 million development will be built in three phases on approximately three acres of vacant land in downtown Kapolei. The property is currently owned by Goodwill Industries of Hawaii Inc.<\/p>\n

The first component of the project will bring a 13-story residential tower with a floor area of 41,131 square feet. It will include 154 affordable senior rental units and ground-floor retail space. The apartments will be reserved for senior households earning between 30 percent of area median income (which amounts to $20,150 annually for a single person) and 60 percent (or $40,260 annually for a single person).<\/p>\n

The next phase of the development will add a second 13-story, 44,310-square-foot high-rise with 143 affordable and market-rate condominium units, above more ground-floor retail space. About half of these residences will be reserved for buyers in the 140 percent area median income range and below (equivalent to a single person\u2019s annual income of $93,940 or less).<\/p>\n

The third phase of the project will consist of a single-story retail building of 46,788 square feet.<\/p>\n

Developer Franco Mola is also building two condominium projects<\/a><\/em> in Honolulu: the 153-unit, 65-foot building at 803 Waimanu St. and the 180-unit Ohana Hale high-rise at 929 Pumehana St.<\/p>\n

Photo credit: www.coastalrim.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Franco Mola’s California-based Coastal Rim Properties, Inc. is planning a January construction start for Kulana Hale II at Kapolei, a mixed-use residential and retail project on West Oahu.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"closed","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-1004121298","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"\nAffordable Options for Kupuna - 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\/affordable-options-for-kupuna\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Affordable Options for Kupuna\" \/>\n<meta property=\"og:description\" content=\"Franco Mola’s California-based Coastal Rim Properties, Inc. is planning a January construction start for Kulana Hale II at Kapolei, a mixed-use residential and retail project on West Oahu.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/affordable-options-for-kupuna\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-17T02:35:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T01:57:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Kulana-Hale-II-at-Kapolei.png\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/affordable-options-for-kupuna\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/affordable-options-for-kupuna\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Affordable Options for Kupuna\",\"datePublished\":\"2015-06-17T02:35:14+00:00\",\"dateModified\":\"2021-05-15T01:57:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/affordable-options-for-kupuna\\\/\"},\"wordCount\":244,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/affordable-options-for-kupuna\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/06\\\/Kulana-Hale-II-at-Kapolei.png\",\"articleSection\":[\"Honolulu\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/affordable-options-for-kupuna\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/affordable-options-for-kupuna\\\/\",\"name\":\"Affordable Options for Kupuna - 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