The State of Hawaii has opened up to receive proposals to build 2 towers on the property located at 690 Pohukaina Stree in Honolulu. Kakaako is slated to be the future for much development as the old warehouse district is likely converted to high rises. The state has proposed using the site for 2 towers. One tower would be for low-income housing and the other for a regular condominium. The catch is that the condominium can be up to 25 feet tall that the First Hawaiian Bank Building in downtown Honolulu. Currently, the First Hawaiian Bank building is the tallest building in Hawaii at almost 429 feet tall. The Hawaii Community Development Authority will accept proposal until May 29th, 2012.
Kakaako is the likely focus for developers as it is primarily warehoused and it is sandwiched between Downtown Honolulu and ala Moana Center and Waikiki. Several new condominiums have been built here over the past decade or two. The list includes the Hokua, the Koolani, The Hawaiki, the Nauru, Imperial Plaza, One waterfront towers, Keola Lai, and 909 Kapiolani Blvd.
If you need help finding a property or would like some suggestions to consider in the condominium market, please don’t hesitate to contact me, Malia L. Meenderman, R, at 808-394-9779 or contact me here.