Jan 8, 2014, 3:57pm HST
Duane Shimogawa Reporter – Pacific Business News
The Hawaii agency in charge of overseeing the redevelopment of Kakaako on Wednesday approved another condominium project — 803 Waimanu St. — for Oahu’s so called Third City.
The Hawaii Community Development Authority unanimously approved the scaled-down project that’s being developed by California developer Franco Mola, by a vote of 7-0, according to a spokeswoman for the HCDA.
The project by Mola’s MJF Development Corp. consists of a 65-foot seven-story building with 153 market-priced residential units and includes a mix of studios, one- and two-bedroom units.
The development also will have a mechanized ground-floor parking system with 92 parking stalls.
The HCDA held an initial public hearing regarding the project on Nov. 6.
PBN first reported that Mola submitted a scaled-down proposal for the 803 Waimanu St. project in August.
Mola’s original plan, which was withdrawn in July, called for 217 workforce units in a 250-foot tower.