Latest real-estate & development news and updates
Governor Josh Green is accelerating efforts to find alternate sites on Mauna Kea for the Thirty Meter Telescope (TMT) project. This move could reshape the landscape for businesses and investors in Hawaii, particularly those involved in real estate, construction, and tourism.
Honolulu's city government is exploring the redevelopment of Kamalii Mini Park in downtown Honolulu into affordable housing units. This initiative, spearheaded by the city in collaboration with non-profit developers, aims to address the critical need for affordable housing options for residents, with a focus on supporting individuals with disabilities.
A recently proposed update to the condominium database in Hawaii could significantly reduce legal costs and improve self-governance for condo associations, potentially saving owners and associations millions of dollars. This initiative arrives amidst ongoing legislative efforts to modernize condo regulations.
The Hawai'i Community Development Authority (HCDA) is actively seeking a developer for a new senior housing project in Kakaako, Honolulu, promising independent living with on-site support services. This project presents a significant opportunity for developers and investors while addressing the growing need for affordable senior housing in the urban core.
Kapolei is set to welcome Laulima Gateway Center, a new shopping center anchored by a grocery store, promising to enhance the retail and dining options in West Oahu. This development reflects the ongoing growth and evolving consumer needs of the area.
Grace Bible Church has made a significant investment in the Aiea commercial real estate market, purchasing approximately six acres of commercial property within the Newtown Business Park for around $26 million. This strategic acquisition signals confidence in the local market and presents potential opportunities for the church and the wider Aiea community.
A new $62 million affordable senior housing complex, Aloha Iā Halewilikō, has begun leasing in Aiea, Oahu, addressing the critical need for affordable housing options for Hawaii's kupuna population. This development provides much-needed rental units with amenities promoting independent and healthy living, influencing local real estate trends and presenting opportunities for investors and developers.
A proposed gondola project on Oahu's North Shore is facing strong opposition from local residents and community members, raising concerns about its potential impact on tourism and the environment. This development draws attention to the balance between economic growth and preserving the unique character of one of Hawaii's most treasured areas.
A new $62 million affordable senior housing complex, Aloha Iā Halewilikō, has opened in Aiea, Oahu, providing much-needed affordable rental units and amenities for Hawaii's growing senior population. This project addresses the critical housing shortage while potentially creating business opportunities in property management and related services.
Across Hawaiʻi, a renewed focus on restoring and revitalizing the land, or ʻāina, is generating fresh opportunities for entrepreneurs, investors, and community members. This movement presents a unique intersection of sustainability, cultural preservation, and economic development in the islands.
Tochigami, a new AI-driven real estate platform, is launching in Honolulu with the goal of revolutionizing the homebuying experience. The app aims to provide a 'Hinge-like' matching system, connecting buyers with properties and agents in a more intuitive and efficient way.
West Oahu is poised for significant residential expansion over the next ten years, with thousands of new homes planned across various price points. This surge in development presents opportunities and challenges for local businesses, investors, and the overall real estate market.
Recent office foreclosures are creating new opportunities in Hawaii's commercial real estate market, particularly with advancements in artificial intelligence and the emergence of quantum computing. This convergence is poised to reshape strategies for local real estate investors and entrepreneurs.
Unlikely political alliances in Hawaii are driving significant reforms to tackle the affordable housing crisis, with potential benefits for entrepreneurs, investors, and the overall business environment. These reforms aim to streamline permitting processes and address the high cost of living, fostering economic growth and opportunity.
U.S. Treasury Secretary Scott Bessent expressed concerns that high interest rates may have already triggered a housing recession in the U.S., potentially impacting Hawaii's real estate market and broader economy. Bessent's statements underscore the significance of federal monetary policy on local business conditions and investment prospects.
A recently listed vacant lot in Honolulu's Kuliouou neighborhood, priced at $599,000, highlights potential investment in the area's real estate market. The listing, emphasizing future value appreciation, reflects the ongoing development and demand within Honolulu's residential sector.
The Honolulu City Council is taking a stand against the proposed Kamananui agribusiness and gondola project on Oahu's North Shore, requesting the Department of Planning and Permitting to revoke its permit. This decision reflects growing community opposition to the project and signals potential challenges for developers and investors in the region.
Stanford Carr Development has commenced sales for the Lamaku tower, part of the Kahuina project in Honolulu's Kakaako district. This mixed-use development, a key component of Kamehameha Schools' master plan, features both market-rate and affordable housing units, reflecting the ongoing evolution of Honolulu's real estate market.
Commercial units within Kakaako's prestigious Hokua tower have been listed for $31 million, signaling a continued boom in Honolulu's real estate market and offering a significant investment opportunity. This move highlights the ongoing transformation of Kakaako into a premier urban destination, attracting both investors and businesses.
A Maui County Council committee will convene on November 5th to discuss proposed zoning amendments for the Pulelehua and Hoʻonani Village mixed-use projects. These meetings are crucial for developers, investors, and community members as they shape the future of real estate and development on the island.