Castle & Cooke, Kamehameha Schools to add 183 workforce housing units in Kakaako

Feb 26, 2014, 1:16pm HST
Duane Shimogawa Reporter – Pacific Business News

This three-dimensional endering shows a workforce housing complex being developed by Castle & Cooke Homes Hawaii and Kamehameha Schools in the Honolulu neighborhood of Kakaako.

This three-dimensional endering shows a workforce housing complex being developed by Castle & Cooke Homes Hawaii and Kamehameha Schools in the Honolulu neighborhood of Kakaako.

Castle & Cooke Homes Hawaii and Kamehameha Schools officially unveiled their respective mixed-use residential projects in Kakaako on Wednesday that will cost $60 million to develop and add a total of 183 rental and for-sale workforce housing units to the area known by some as the “Third City.”

The project, which will be located on the block bounded by Auahi, Keawe and Pohukaina streets, will include 88 rental units developed by Kamehameha Schools and 95 units developed by Castle & Cooke.

The Castle & Cooke portion of the project, which will be located on the makai end of the block at 400 Keawe St., will occupy 1.5-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 $400,000s to mid-$700,000s.

The building will include 10,000-square-feet of commercial space.

Meantime, Kamehameha Schools’ project, which it will develop itself, encompasses the remainder 2.8-acres of the block with workforce rentals in a 65-foot building comprised of four floors of residential units and three levels of parking.

The 88 units, which will include 40 studios, 16 one-bedroom units, 16 one-bedroom-plus-den units, eight two-bedroom units and eight three-bedroom units, are expected to be rented to middle-income workers and their families.

Rents for these units are expected to range from $1,100 per month to $1,800 per month, Paul Quintiliani, senior director of Kamehameha Schools’ commercial real estate division, told PBN.

The two-story, 24,000-square-foot building at 458 Keawe St., formerly used by Alu Like, will be used as commercial space.

Kamehameha Schools, which said that Alu Like will be relocated to another location, noted that the project will include 28,600 square feet of open areas that will feature a 14,500-square-foot plaza.

Additionally, the project will include a dog run, bicycle parking and a mid-block pedestrian passage that will run to and from a planned Honolulu rail transit station planned for one block away on Halekauwila Street.

Both projects are to be built at the same time, with construction starting later this year and an expected completion date of 2016.

No construction firm has been selected yet for the developments, although the project is expected to create hundreds of construction jobs.

The project, which was first reported by PBN, is part of Kamehameha Schools’ “Our Kakaako” master plan, which includes nearly 30 acres and nine full-block parcels with 2,750 residential units and commercial space.

Castle & Cooke, which is mostly known for building single-family residential projects such as Mililani and the recently approved 3,500-home Koa Ridge project, both in Central Oahu, would be stepping into somewhat uncharted waters with this residential project.

Bruce Barrett, executive vice president of residential operations for Castle & Cooke Homes Hawaii, said that this project is the developer’s first mid-rise development.

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

Honolulu public space project ‘Kakaako Agora’ designed by Japan’s Atelier Bow-Wow

Feb 4, 2014, 2:19pm HST
Duane Shimogawa Reporter – Pacific Business News

Wei Fang, principal of Interisland Terminal, poses for a photo by a model of the "Kakaako Agora," a public space in Kakaako that will be located in a 3,225-square-foot warehouse on Cooke Street. Tokyo-based architectural firm Atelier Bow-Wow, known for building and designing public and commercial buildings, is the architect on the project.

Wei Fang, principal of Interisland Terminal, poses for a photo by a model of the “Kakaako Agora,” a public space in Kakaako that will be located in a 3,225-square-foot warehouse on Cooke Street. Tokyo-based architectural firm Atelier Bow-Wow, known for building and designing public and commercial buildings, is the architect on the project.

Kamehameha Schools and Interisland Terminal, a Honolulu-based collective that presents international exhibitions and programs in contemporary art, design and film, unveiled plans on Tuesday for the “Kakaako Agora,” a public space in the Honolulu neighborhood designed by famous Tokyo-based architectural firm Atelier Bow-Wow.

Kakaako Agora, which is scheduled to be completed in early June, has a scheduled public hearing set for Wednesday with the Hawaii Community Development Authority.

Located inside a 3,225-square-foot warehouse on Cooke Street, the project includes transforming the vacant space into a free, open to the public, community gathering spot with a mezzanine level that will add 687 square feet to the space.

Landowner Kamehameha Schools and Interisland Terminal said they will work together to seek out creative partnerships that ensure the space is being utilized to its full potential.

“We are extremely excited that the founders of Atelier Bow-Wow will be bringing their unique architectural approach to Our Kakaako,” Kamehameha Schools Senior Asset Manager Christian O’Connor said in a statement. “Creating an engaging public space for Our Kakaako will generate opportunities for people to collaborate and to continue to foster creativity within the community.”

Founded in 1992 by architects Yoshiharu Tsukamoto and Momoyo Kaijima, Atelier Bow-Wow has designed and built houses, public and commercial buildings as well as innovative public spaces around the globe.

The married couple is best known for their idiosyncratic yet functional residential projects in dense urban environments and coined the term “pet architecture” to describe the odd but functional little buildings wedged into tiny sites around Tokyo.

“Through our relationship with Interisland Terminal, the Kakaako Agora project will able to show an alternative way to create a public space in an industrial area,” Tsukamoto said in a statement. “Gradually, small visions and conversations are turning into real projects and real buildings. It is also exciting that this is an opportunity to take traditional architectural work in a whole new direction.”

Atelier Bow-Wow will be working with several local organizations on the project, including Collab Studios, Sunworks Construction, Heavy Metal Hawaii, and the University of Hawaii School of Architecture.

Castle & Cooke to develop condo project in Kakaako on Kamehameha Schools land

Dec 6, 2013, 2:25pm HST UPDATED: Dec 6, 2013, 2:40pm HST

Duane Shimogawa Reporter – Pacific Business News

Castle & Cooke Inc. will join Hawaii developers such as Alexander & Baldwin Inc. and Stanford Carr Development in developing a residential condominium project in Kakaako as part of landowner Kamehameha Schools’ “Our Kakaako” master plan.

Anthony Ching, executive director of the Hawaii Community Development Authority, the state agency charged with redeveloping Kakaako, confirmed to PBN that Castle & Cooke would build reserved housing units along Keawe Street between Pohukaina and Auahi streets, Diamond Head of Waterfront Towers.

Castle & Cooke, which is best known for building single-family residential projects, such as Mililani and the recently approved 3,500-home Koa Ridge project, both in Central Oahu, would be stepping into somewhat unchartered waters with this condo project.

“Castle & Cooke being interested shouldn’t be surprising,” Ching said. “Everyone needs to produce inventory to sell. You have to put stuff in the pipeline.”

He also pointed out that the demand for housing is at a fever pitch and that more inventory is greatly needed.

“Urban Honolulu is going to be an attractive area,” Ching said. “Many of our local developers are not into luxury, maybe mid-market or low market.”

The parcel currently has several businesses on it, including Volcanic Rock Gym.

Kamehameha Schools recently presented the plan to the Ala Moana/Kakaako Neighborhood Board.

Larry Hurst, chairman of the board, told PBN that the planned project isn’t a high-rise, and instead consists of six stories.

“It’s a good thing,” he said. “They’re looking for a variance on their parking structure.”

Kamehameha Schools did not immediately responded to a request for comment by PBN.

But Bruce Barrett, executive vice president of Castle & Cooke Homes Hawaii, told PBN that the developer is in discussions with Kamehameha Schools for the Keawe Street project.

“Discussions are ongoing and we expect to be able to make a formal announcement within the next 60 days,” he said in an email statement to PBN.

The Kamehameha Schools’ Kakaako master plan, which includes nearly 30 acres and nine full-block parcels with 2,750 residential units and commercial space, is beginning to take shape.

In September, PBN first reported that MK Development, a joint venture of well-known Hawaii developers the Kobayashi Group and The MacNaughton Group, is purchasing six acres in Kakaako to develop two luxury mixed-use housing projects totaling about 500 units.

Think Howard Hughes Corp. is Kakaako’s largest landowner? Guess again

Sep 6, 2013, 12:52pm HST

Duane Shimogawa  |  Reporter- Pacific Business News

Who owns the most land in Kakaako? If you answered Dallas-based The Howard Hughes Corp. or Kamehameha Schools, you’d be dead wrong.

Nearly 200 small landiowners own the majority of the land in Honolulu's Kakaako neighborhood, which is undergoing a major redevelopment.

Nearly 200 small landiowners own the majority of the land in Honolulu’s Kakaako neighborhood, which is undergoing a major redevelopment.

I actually thought the same thing, too.

Instead, there are nearly 200 small landowners, mostly industrial-type businesses, that own about 20 percent of Kakaako.

By comparison, Howard Hughes Corp. (NYSE: HHC) owns 19 percent and Kamehameha Schools owns 17 percent of land in Kakaako.

And with the major redevelopment of Kakaako into the “Third City” on the horizon, with some 17 or so high-rise condominiums planned, these small landowners are facing a bit of a quandary — do they sell, stay or even a better question, how much will it take for them to sell?

Most owners I spoke with say that they’re not willing to sell and would like to be in Kakaako through its redevelopment stage.

Some will change their business models to include more services that are needed by some of the new residents to the area.

Besides these landowners, which also occupy their spaces with their businesses, there are also tenants who lease their spaces.

Take, for instance, Linda Kano, owner of Interior Showplace Ltd. at 956 Queen St., whose lease is up next year with The Howard Hughes Corp., which owns the land and building in which she runs her business.

She told PBN that her lease will be renewed for at least another five years.

After being in business for 35 years and at the same location for a little more than a decade, Kano feels that change is inevitable and that it will make the entire area very different.

In her case, she hopes to stay in Kakaako, but not so much so she can cater to the new residents, since her firm caters more to businesses.

“We go to customers,” Kano said. “I have to have a showroom, but don’t cater to residents.”

Nearly 200 small land owners own the majority of the land in Honolulu’s Kakaako neighborhood, which is undergoing a major redevelopment.

Governor Abercrombie, Kamehameha Schools, and Stanford Carr Development announced a new mixed-use Kaka‘ako residential project today.

From the press release:

Groundbreaking and construction are targeted for mid to late 2014

An estimated 40 percent of the housing units at Keauhou Lane will be reserved for middle-income workers. Renters can earn up to 100 percent of Honolulu’s median income, and fee simple buyers can earn up to 140 percent to qualify. Overall, the project is being designed for the local market.

Keauhou Lane

Keauhou Lane

“I commend Kamehameha Schools and Stanford Carr Development for their efforts to build a residential community for the people of Hawai‘i, and fulfilling our goal of making Kaka‘ako a diverse and accessible environment,” said Governor Neil Abercrombie.  “Kaka‘ako is a vital component of Hawai‘i’s economic development plan, where local families will be able to live, work and play in Honolulu’s urban core.”

Offering a wide selection of well-priced units, Keauhou Lane will provide a variety of choices for individuals, couples and families interested in living within one of urban Honolulu’s most exciting new mixed-use neighborhoods. It is located on the block bound by South, Halekauwila, Keawe and Pohukaina Streets, also known as “Block A” of the Kamehameha Schools’ Our Kaka‘ako master plan.

Development work for Keauhou Lane will be a collaboration between Stanford Carr Development and Kamehameha Schools. Stanford Carr’s portion will comprise approximately 93,002 square feet of the property and include a 40-story tower called Keauhou Place, as well as a parking structure for all uses on the block that will be lined with townhomes along South and Pohukaina Streets.  Kamehameha Schools’ plans for approximately 69,387 square feet of the property include live-work units, rental apartments and ground floor commercial. Combined, the projects are anticipated to contain almost 50,000 square feet of recreational spaces for the project residents, as well as over 65,000 square feet of open spaces, including fully landscaped sidewalk areas enhanced with features consistent with the City’s “complete streets,” making KS’s overall vision of a walkable neighborhood come to life.

“This master planned, neighborhood block is designed for the local market.  We are excited to have this opportunity to work with KS and continue to be a part of the new urbanism of Kaka‘ako with this latest development endeavor,” said Stanford Carr Development president Stanford Carr.  “Our goal is to bring out the history of this wonderful area, celebrating it through architecture.  The diversity of architectural vernaculars that will be layered into the neighborhood will be influenced by historical eras in Hawai‘i as well as modern architecture.”

Stanford Carr’s Kakaako condo project would add 600 residential units, commercial space

Jul 23, 2013, 7:01am HST
Duane Shimogawa  |  Reporter- Pacific Business News

Stanford Carr Development is planning to build a mixed-use high-rise residential project in Kakaako that would include 600 residential units, including townhomes, live-work units, rental apartments and ground floor commercial space.

This map shows the location of Stanford Carr Development's planned 600-unit mixed-use project in Kakaako.

This map shows the location of Stanford Carr Development’s planned 600-unit mixed-use project in Kakaako.

It will be located in an empty parking lot along South Street, adjacent to Carr’s Halekauwila rental development and bounded by Halekauwila and Pohukaina streets as well as South and Keawe streets.

The project involves landowner Kamehameha Schools and the Hawaii Community Development Authority, the state agency charged with overseeing development in areas such as Kakaako.

A Honolulu Authority for Rapid Transportation rail transit station is located right near this planned development but Carr declined comment on the prospects of it being a part of the new residential project.

“We’re trying to integrate everything,” Carr told PBN. “We challenged ourselves to go before agencies and say, ‘let’s collaborate.’”

PBN first reported this planned development, which will most likely include a neighborhood grocery store as one of its ground-floor commercial components.

Carr told PBN that the project is expected to include a total of 600 units, with 400 units for sale and 200 rental units.

Gov. Neil Abercrombie, Paul Kay, director of real estate development for Kamehameha Schools, and Carr are expected to make an official announcement regarding the project on Friday.

The development is part 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.

This map shows the location of Stanford Carr Development’s planned 600-unit mixed-use project in Kakaako.

Kamehameha Schools to unveil third Kakaako development project

Kamehameha Schools is moving forward with plans for a third piece of its Kakaako redevelopment master plan that will include a residential tower involving local developer Stanford Carr.

The trust is scheduled to announce the plans Friday.

 COURTESY IMAGE Honolulu real estate company Alexander & Baldwin Inc. announced plans to develop the former CompUSA site on Ala Moana Boulevard into a condo tower complex called The Collection, which will also include retail shops and restaurants. It's one of three development projects on Kamehameha Schools Our Kakaako master plan. A third project will to be announced Friday.


COURTESY IMAGE
Honolulu real estate company Alexander & Baldwin Inc. announced plans to develop the former CompUSA site on Ala Moana Boulevard into a condo tower complex called The Collection, which will also include retail shops and restaurants. It’s one of three development projects on Kamehameha Schools Our Kakaako master plan. A third project will to be announced Friday.

The project will include a residential tower, townhomes, live-work units, rental apartments and commercial space, Kamehameha Schools said in an announcement Monday.

Other details including the site location were not disclosed.

Kamehameha Schools launched two pieces of its Our Kakaako master plan earlier this year.

The first piece is being developed by local development firm Alexander & Baldwin Inc., which is buying the former site of a CompUSA store at the makai end of South Street from the trust and proposing a tower and low-rise buildings with 470 condominiums.

The second piece is a retail complex with a parking garage dubbed SALT on an adjacent block to The Collection that will be created mostly by renovating old buildings on the site.

Both The Collection and SALT are pending approval by the Hawaii Community Development Authority.

The Our Kakaako master plan covers 29 acres spread over nine blocks, and allows up to 2,750 residential units, seven towers and 300,000 square feet of commercial space.

By Star-Advertiser staff

POSTED: 03:32 p.m. HST, Jul 22, 2013
LAST UPDATED: 03:50 p.m. HST, Jul 22, 2013

Company Disclaimer: Information is deemed reliable but not guaranteed.