Hawaii developer Stanford Carr’s Keauhou Lane project in the Honolulu neighborhood of Kakaako, which was slated to start construction in late March or early May, is now scheduled to begin construction in July, the developer confirmed to PBN this week.
The project, which is located on the 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.
Carr told PBN that his firm, Stanford Carr Development, is nearing the closure of the project’s construction loan and should be getting a foundation building permit soon.
Sales for the project have been good thus far, he said.
Keauhou Lane also includes another project being developed by Oregon’s 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. Hawaii Architecture and Hawaiian Dredging Construction Co. Inc. are architects and general contractor for that project.
Keauhou Lane also will include a planned rail transit station.
Alakea Design Group and Richard Matsunaga & Associates are the architects and Hawaiian Dredging Construction is the general contractor for the Keauhou Lane project.
Both projects are expected to be completed in 2017.
Duane Shimogawa
Pacific Business News