Kamehameha Schools’ $90M Keauhou Lane

Kamehameha Schools’ $90 million Keauhou Lane mixed-use project is scheduled to break ground next month in the Honolulu neighborhood of Kakaako, the developer said Monday. It includes 209 rental units and about 32,300 square feet of restaurant and retail space

Oregon-based Gerding Edlen is developing the project on behalf of the state’s largest private landowner, which also will include 280 parking spaces.

Keauhou Lane will include a blend of studios, one-bedroom and two-bedroom rentals aimed at individuals and families earning up to $67,000 annually and $95,000 annually, respectively.

A key part of the project will be the pedestrian paseo that will connect Keauhou Lane and Keauhou Place residential lobbies, the various restaurant and retail establishments and the Honolulu Authority for Rapid Transportation’s new civic center station.

Stanford Carr Development’s Keauhou Place, which is located on the same block at 500 South St. and 500 Keawe St., includes 388 residential units in a 400-foot tower, along with 35 townhome units in a 42-foot mid-rise tower. The project, which includes a rail transit station, has already started construction.

Keauhou Lane is in the process of obtaining LEED for Homes Gold certification.

Both projects are expected to be completed around the same time, which is roughly the second or third quarter of 2017.

Pacific Business News
http://www.bizjournals.com

Stanford Carr prepares to launch newest project

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This architect’s rendering previews the look of the Keauhou Lane residential high-rise.

Stanford Carr Development is slated to start construction on its Keauhou Lane project in Kakaako in late March or early April of 2015.

The project includes 388 residential units in a 400-foot high-rise tower and 35 townhouse units in a 42-foot mid-rise tower. Alakea Design Group and Richard Matsunaga & Associates are the architects and Hawaiian Dredging Construction Co. Inc. is the general contractor.

In an exclusive interview with PBN this week, Stanford Carr, president and founder of the Hawaii-based firm that bears his name, talked about how the transformation of Kakaako is going, as well as updates on his projects across the state.

A Keauhou Lane sales office opened recently in a former U.S. Department of Housing and Urban Development office at Waterfront Plaza.

“We’re just giving the consumer options,” Carr said of his project. “The people who come in are local families, couples. There must have been 40 people at one time that I’ve seen. It’s exciting and there’s lots of energy.”

Sales of Keauhou Lane, which will be near a Honolulu rail transit station, are expected to begin in early January.

“We’re closing on our construction loan [soon], and we’re already going for [building] permits,” Carr said.

The block at 500 South St. and 500 Keawe St. includes a project by Oregon-based developer Gerding Edlen on behalf of landowner Kamehameha Schools. That project includes 209 residential units in a 65-foot mid-rise building and 39,145 square feet of ground-floor commercial space.

“There’s already pent-up demand from the last four years, starting in 2008,” Carr said of the housing market in Hawaii. “What The Howard Hughes Corp. is offering satisfies a sector, what [Alexander & Baldwin Inc.], we and Marshall Hung are offering also satisfies a sector of the market.

“Hawaii’s got a bright future ahead of itself,” Carr said. “We have seen the cycles of the last 30-plus years. History will repeat itself. There’s a lot more confidence [these days].”

The entire development will be located on the site of a surface parking lot adjacent to Carr’s Halekauwila rental project and bounded by Halekauwila, Pohukaina, South and Keawe streets.

Combined, the projects will have about 50,000 square feet of recreational space and more than 65,000 square feet of open space.

Carr’s portion will take up about 93,000 square feet of “Block A” of Kamehameha Schools’ “Our Kakaako” master plan, which includes 29 acres on nine city blocks, seven residential towers that include 2,750 units, and 300,000 square feet of commercial space.

Gerding Edlen’s portion includes 69,387 square feet of property with live-work units, rental apartments and ground-floor commercial space. The six-story building will have a mix of studios, one-bedroom and two-bedroom units.

Duane Shimogawa Reporter – Pacific Business News

Kakaako rental building plans advance

By Star-Advertiser staff

POSTED: 01:50 p.m. HST, Feb 07, 2014
LAST UPDATED: 03:01 p.m. HST, Feb 07, 2014

Kamehameha Schools has lined up a developer for a planned apartment building in Kakaako adjacent to a previously announced 40-story condominium tower.

Oregon-based firm Gerding Edlen will develop the rental complex with 209 units, a 280-stall parking garage and commercial space for retailers and a restaurant next to the condo tower Keauhou Place.

The two projects on a block bounded by South, Pohukaina, Halekauwila and Keawe streets will be known as Keauhou Lane and separated by a pedestrian promenade that is envisioned to connect to a rail station planned by the city.

Construction is expected to begin early next year if approval is obtained by the Hawaii Community Development Authority, a state agency regulating development in Kakaako. The two housing projects could be completed by 2016.

Developers will discuss plans for two Kakaako condo projects

Feb 12, 2014, 6:15am HST
Staff: Pacific Business News

Portland-based Gerding Edlen Development will develop a 209-unit workforce housing project adjacent to Stanford Carr Development's Keauhou Lane project on South Street in Kakaako.

Portland-based Gerding Edlen Development will develop a 209-unit workforce housing project adjacent to Stanford Carr Development’s Keauhou Lane project on South Street in Kakaako.

The Hawaii Community Development Authority has scheduled public hearings in March and April for two planned Kakaako residential projects that sit on the same parcel.

One is at 500 South St. — Hawaii developer Stanford Carr’s Keauhou Lane project — and the other is at 500 Keawe St. — Oregon-based developer Gerding Edlen’s project.

The first public hearing at 9 a.m. Wednesday, March 19, will give developers an opportunity to officially present their plans.

The second hearing, which is scheduled for 9 a.m. Wednesday, April, will give the public another opportunity to voice their opinions about the project with the possibility of the HCDA making a decision at that time.

Both hearings will take place at the HCDA’s office at 461 Cooke St. in Honolulu.

The request is for a joint development permit for two separate mixed-use residential, commercial/retail development projects being built at the same time by Carr and Gerding Edlen.

Keauhou Lane’s portion of the project includes a mix of 388 residential units, which will have one-, two- and three-bedroom units in a 400-foot high-rise building, along with a mix of 35 townhouse units that will have two- and three-bedroom units in a 42-foot mid-rise tower, as well as 2,854 square feet of ground-floor commercial space, 1,038 square feet of vehicle stalls in a 72-foot parking structure, about 13,000 square feet of open space and 31,400 square feet of recreation space.

The Gerding Edlen project, which is being developed on behalf of landowner Kamehameha Schools, includes a mix of 209 residential units that will have studio, one- and two-bedroom units in a 65-foot mid-rise building, 39,145 square feet of ground-floor commercial space, four loading stalls, about 13,600 square feet of open space and 11,500 square feet of recreation space.

Off-street parking for the project is expected to be provided in a parking podium constructed as part of the Keauhou Lane development with facilities such as loading areas, open space and recreation space being shared between both projects.

Keauhou Lane is requesting a modification from the Mauka Area Rules to increase the podium’s height to about 72 feet and cause a partial obstruction of the South Street view corridor.

Gerding Edlen is asking for a modification from the same rules to increase the podium’s height to about 65 feet

Keauhou Place – 555 South St.

KLane01

Planned Year Built: 2017
Stories: 40
Units: 600

The project, part of Kamehameha Schools’ extensive Our Kaka‘ako master plan, will be constructed at 555 South St., the parking lot where Eat the Street now takes place.

Keauhou Lane — located on the block bound by South, Halekauwila, Keawe and Pohukaina Streets — will break ground sometime in late 2014 and take appromixately 15-20 months to complete.

The neighborhood will feature walkable “complete streets” part of a new urban neighborhood vision of Kamehameha Schools. The redevelopment of the entire 9 Block neighborhood will take place over 15-20 years.

Stanford Carr will develop approximately 93,000 square feet of the property, including a 40-story tower called Keauhou Place (with 400+ residential units), as well as a parking structure for all uses on a block that will be lined with some 35 townhomes along South and Pohukaina streets. Kamehameha Schools, meanwhile, will develop about 70,000 square feet of the property, including some 150-170 live-work units and rental apartments, along with ground floor retail spaces.

“Developer Stanford and Kamehameha Schools on Friday formally announced plans for Keauhou Lane in Kakaako, a project that includes a 40-story tower consisting of 600 residential units as well as a low-rise mixed-use residential project with 200 workforce rental apartments.

The $300 million project, which will be located on the site of a surface parking lot along South Street, adjacent to Carr’s Halekauwila rental project and bounded by Halekauwila and Pohukaina streets as well as South and Keawe streets, includes a variety of housing options such as rental apartments, lofts, townhomes, a high-rise tower and live-work space and retail shops and a neighborhood grocery store.

Carr’s Stanford Carr Development would develop the 600 units in the tower, while Kamehameha Schools would develop the workforce rental apartments.

An estimated 40 percent of the housing units at Keauhou Lane will be reserved for middle-income workers. To qualify for a unit, renters may earn up to 100 percent of Honolulu’s median income and fee-simple buyers may earn up to 140 percent to qualify, Carr and Kamehameha Schools said.” Pacific Business News July 26, 2013

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