Kamehameha Schools announced Wednesday that it is collaborating with Castle & Cooke Homes Hawaii, Inc. to develop a mixed-use project in Our Kaka'ako that will add a total of 183 housing units to the island's urban housing market.
The project will be located on the block bound by Auahi, Keawe and Pohukaina streets.
"Castle & Cooke has been a part of Hawai‘i for more than 160 years. It’s wonderful to be able to collaborate with a company that has a long history of building homes for Hawai’i’s families," noted Elizabeth Hokada, Vice President for Endowment for Kamehameha Schools. "Castle & Cooke understands and shares our vision for Our Kaka‘ako and has a deep respect for Hawai’i’s culture and lands. We are extremely pleased to be collaborating with them."
On the makai end of the block, the Castle & Cooke project, 400 Keawe, will occupy 1.52-acres and include a 65-foot, six-story mixed-use building with 75 market priced and 20 workforce housing units in one- to three- bedroom floor plans ranging from the low $400,000s to mid $700,000s. The building will be wrapped with 10,000 square feet of commercial space that will be integrated with the liveable and walkable neighborhood.
"Castle & Cooke is pleased to partner with Kamehameha Schools on building a vibrant new community at Block B in Kaka'ako," said Bruce Barrett, Executive Vice President of Castle & Cooke Homes Hawaii. "Our residential units at 400 Keawe will provide new Block B home ownership opportunities for working professionals who want to live in urban Honolulu, close to downtown and the future rail transit line."
Kamehameha Schools is developing the remainder of the 2.81-acre block in workforce rentals. A 65-foot building comprised of four floors of residential rental units and three levels of parking is planned. The 88 residential units will include 40 studios, 16 one-bedroom units, 16 one-bedrooms plus den units, 8 two-bedroom units, and 8 three-bedroom units – all of which will be rented to middle-income workers and their families.
The two-story, 24,000-square foot building at 458 Keawe, formerly used by Alu Like, will be retained and used as commercial space.
The entire block will provide over 28,600 square feet of open areas accessible to the public that will feature a 14,500-square foot plaza, abundant bicycle parking, a doggie run, mid-block pedestrian passage and activated streetscapes. It will also serve as a public pathway to and from the future Honolulu rail transit station located one block away on Halekauwila Street. All open areas will be finished with specialty paving, landscaping that includes native species, and shaded by canopy trees.
This will be the fourth project in Our Kaka'ako that offers middle income housing for Hawai’i residents. Completion is anticipated in 2016.
For more information on 400 Keawe and to sign up for updates, visit www.400keawe.com and register for Castle & Cooke’s Web Advantage Program.
For more information on Kamehameha Schools Kaka'ako master plan and a list of events, retailers and restaurants, visit www.OurKakaako.com.