Castle & Cooke Homes Hawaii Inc. officially started construction Friday on its $50 million, 400 Keawe mixed-use project in the Honolulu neighborhood of Kakaako, which includes 95 units and 10,000-square-feet of commercial space on the ground floor of a low-rise tower.
Located on the corner of Keawe and Auahi streets on a 1.5-acre site, the six-story project will include 75 market-priced and 20 reserved housing units in one- to three-bedroom floor plans ranging from 581 square feet to 1,327 square feet.
Prices will range from the high $300,000s to the high $700,000s with maintenance fees ranging from about $285 a month to about $650 a month.
“Castle & Cooke is proud to be able to offer new homeownership opportunities for working professionals who want to live in urban Honolulu,” said Harry Saunders, president and CEO of Castle & Cooke Hawaii, in a statement. “We are honored to be working with Kamehameha Schools on their master planning of ‘Our Kakaako,’ and towards the continued transformation of this community.”
The project will share a community courtyard and pedestrian walkway that will connect to the eventual Honolulu rail transit line. Design Partners of Honolulu is the architect and Honolulu-based Hawaiian Dredging Construction Co. Inc. is the general contractor for the project, which is expected to create 50 construction jobs.
The 400 Keawe project, which is expected to be completed in December 2015, is currently accepting pre-sale applications.
The project also includes landowner Kamehameha Schools’ 88 workforce housing condominium units.
Kamehameha Schools, through a spokesman, told PBN this week that it has issued a notice to proceed with construction on Monday to Hawaiian Dredging Construction Co. Inc.
Duane Shimogawa Reporter – Pacific Business News