Waikīkī Vista
The Administration completed its first successful acquisition in October 2022, when it acquired Waikīkī Vista. This represents the largest affordable housing purchase ever made by the city.
The 19-story, 172,036-square-foot building is located at 2241 Kapi’olani Boulevard in Mōʻiliʻili. Waikīkī Vista formerly housed Tokai University and Hawai’i Pacific University. The building contains 108 studio apartments, commercial/office space, classrooms, an auditorium, kitchen, and dining facilities.
The property was purchased for $37,750,000, with funds from the American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program.
DCS is overseeing the property. Long-term plans for the project include providing housing for low- to moderate-income households, including families transitioning out of homelessness, and other supportive services.
DCS is currently in discussions with a service provider to operate a portion of the building and is also researching the cost to renovate existing residential units to conform to code and address ADA accessibility requirements. The building is located in the Kapiʻolani corridor in close proximity to schools, public transportation, and employment centers.