HCDA Approves Workforce Housing Project For Kakaako

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The Hawaii Community Development Authority board on Wednesday (Dec. 5) approved the development permit for Kakaako’s first high-rise condominium project in which all 635 units are designated “workforce housing.”

According to a press release, the 46-story tower proposed at 801 South Street will provide a mix of studio, one and two bedroom units at prices between $250,000 to $550,000.

The developer is Honolulu-based Downtown Capital.

Colbert Matsumoto, a principal with South Street Towers, a member of Downtown Capital LLC said, “This project is feasible because of rules established in 2011 by the Abercrombie Administration to facilitate the construction of workforce housing in Kakaako.”

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HCDA Executive Director Tony Ching and a map of Kakaako, March 22, 2012.

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