Asset Development Projects
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The Iwilei Center property was acquired by the Department of Land Management (DLM), located at 866 Road, 505 Kaaahi Street, and 850 Iwilei Road, Honolulu, Hawaii 96817 to support the creation of affordable housing and a new transit-oriented development community in the area. The location is adjacent to the planned Kuwili Skyline station. The project will support mid – and high-rise development of affordable housing and improve connectivity between communities by linking Iwilei with Kalihi, Palama, and Liliha.
The Department of Land Management (DLM) completed the purchase of the former First Hawaiian Bank building King-Liliha Branch site located at 445 North King Street, Honolulu, Hawaii 96817. The property is identified in the Downtown Neighborhood Transit-Oriented Development (TOD) Plan as a site of “critical infrastructure” that will support future affordable housing and TOD projects.
The Department of Land Management (DLM) successfully completed the strategic real estate acquisition of 734 & 735 Kihapai Place in Kailua, expanding the city’s property portfolio and paving the way for the creation of much-needed affordable housing in the Kailua area. We will issue a solicitation seeking a public-private partnership with a developer to construct, operate, and maintain the project through a ground lease. The partnership will ensure the effective construction, management, and rental of the units to eligible individuals and families, primarily at or below 80% of the median income. The RFP Solicitation is now available at https://hands.ehawaii.gov/hands/opportunities/opportunity-details/23785
The Project is located at 1331 River Street Honolulu, HI 96817. The proposed Project will include a 17 Story building with 156-units with 51 parking stalls, and is developed in partnership with the Michael’s Group. For the online application to Halewai’olu Senior Residences follow the link. http://www.liveathsr.com/
The project is part of the Aiea Town Center Master Plan and will be located at 99-385 Pohai Place Aiea, Hawaii 96701. The proposed Project will consist of (1) 3 story multifamily residential building with approximately 139 units that are low income senior rentals with Halewiliko Highlands LP.
This project is located in Ewa Villages, Hawaii 96706. The City has entered into a development agreement with Savio/Hawaii Habitat Varona Village LLC as of October 15, 2020, to provide affordable housing opportunities to the tenants of record of Varona Villages and their families, as well as the public at large. Tenants of record will have existing homes repaired and renovated, and up to 88 new affordable homes will be constructed as part of the project.
The project is located at 98-130 Lipoa Place Aiea, Hawaii 96701 and near the Pearlridge station of the Honolulu Rail Transit System. The Project is a 3-story apartment building with a current total of 30 units and will be redeveloped for affordable housing for qualified individuals who are earning 60% area median income.
