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Historic Ala Moana Pumping Station
The final KIA Networking Event for 2012 will be held Thursday, October 25th in the Kewalo Conference Room of the Ward Warehouse. Bring-your-own-lunch at 11:30am and stay until 1:00pm (members may stay longer if they want to connect with a KIA member whose products or services are needed).
A presentation was made regarding 801 South Street (a new development on the corner of South and Kawaiahao Streets) by Ryan Harada of Downtown Capital, an LLC with members Workforce Kakaako LLC and South Street Towers, an Affiliate of Tradewind Capital Group Inc. The development entity will be led by Marshall Hung (Marshall Realty has been a longtime KIA member). Mr. Harada said that this will be a workforce housing condominium project. The 46-story tower will include a mix of studio, one-bedroom, and two-bedroom units, with 915 parking stalls. All 635 fee simple units will be priced between $250,000 and $550,000. Each unit will have split air conditioning, a lanai, and one parking stall, with two bedroom units being able to purchase an additional stall.
The 801 South Street project is proud to have an “all local” project team which includes Hawaiian Dredging Construction Company for the construction, Kazu Yato, AIA & Associates for design, and Marcus & Associates for sales and marketing.
The project will be designed with sustainable and energy efficient systems to reduce the cost of operations and maintenance. Monthly fees will range from $225 for studios to $300 for two-bedroom units, considerably lower than other area condominiums because there is no pool or gym. There are plans for a photovoltaic system for the common areas and electric car charging stations in the parking garage.
There will be a public hearing at the Hawaii Community Development Authority on November 8th, and a decision made in December 2012. It is hoped that sales will begin in early 2013, with construction to begin in mid-2013 and a 21-month construction period.
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