Latest real-estate & development news and updates
The first phase of the Leiwili Kapolei mixed-use development in Kapolei, West Oahu, has secured funding for 342 affordable rental units, marking a significant step toward addressing the area's housing needs. This project, part of a larger plan, aims to provide much-needed housing options for families and workers in a rapidly growing community.
Pacific Retail Capital Partners, along with its joint venture partners, is undertaking a significant renovation of the Kings' Shops in Waikoloa, Hawaii Island. The project aims to elevate the shopping and dining experience, creating a premier destination for both residents and visitors and demonstrating a strong commitment to the island's economic future.
The Maui County Council's Water Authority, Social Services and Parks Committee has greenlit a resolution paving the way for a park assessment agreement with Waiʻale 905 Partners LLC, the developer behind the Waikapū Country Town project. This move indicates potential progress for the large-scale residential development and its implications for local business and investment.
The state of Hawaii has issued a fine to a developer for the improper disposal of debris in a wetland area, highlighting the importance of environmental compliance. This action serves as a reminder to developers and investors of the stringent regulations in place and the potential financial repercussions of non-compliance.
The U.S. Senate has approved a measure authorizing the acquisition or lease of land used by the armed forces in Hawaii. This decision, impacting various Department of Defense projects, will have significant implications for local businesses, real estate, and future development projects in the islands.
Recent discussions on Hawaii's housing crisis highlight the necessity of collaboration across different viewpoints. This approach, championed by organizations like the Grassroot Institute of Hawaii, aims to foster progress by identifying shared goals and working together to improve Hawaii's housing market.
Community members opposing the Hale Mahaolu Ke Kahua affordable housing project in Waiʻehu have filed a Sunshine Law complaint against the Maui County Council, alleging violations in the decision-making process. The 119-unit project, which has faced significant debate, recently received key procedural exemptions and loan flexibility.
The opening of Kaiāulu o Kūku‘ia in Lahaina marks a significant milestone in Maui's recovery efforts, providing 200 units of permanent affordable housing for families impacted by the 2023 wildfires. This project, the first of its kind to open since the disaster, offers much-needed relief to the local community and presents opportunities for investors and businesses involved in the rebuild.
The City of Honolulu is exploring the creation of a pedestrian mall on Chaplain Lane as part of a broader strategy to revitalize the downtown area. This initiative, aimed at reducing crime and boosting economic activity, is gaining traction amidst concerns about the area's challenges following the pandemic.
The rebuilding of the affordable housing complex on Front Street in Lahaina, destroyed by the 2023 wildfires, is underway with an expanded scope. However, a four-year timeline creates uncertainty for former residents facing the expiration of their temporary FEMA housing.
Hawaii County is moving forward with a new affordable housing project on nearly 61 acres of land near the Hilo Benioff Medical Center. This initiative reflects the growing need for affordable housing options in the region and provides potential opportunities for developers and investors.
A Kaneohe developer faces a hefty $2.4 million fine from the Hawaii Department of Health for unlawfully discharging soil and construction materials into wetlands. This significant penalty highlights the stringent environmental regulations impacting the real estate and development sectors in Hawaii.
A Kaneohe developer has been fined $2.4 million by the Hawaii Department of Health for unlawfully discharging soil and construction materials into protected wetlands. This substantial penalty underscores the state's commitment to environmental regulations and has significant implications for developers, investors, and the broader real estate landscape in Hawaii.
The Maui real estate market is showing signs of a shift, with single-family home sales holding steady while condo sales decline, and both property types experiencing price corrections. This presents both challenges and opportunities for investors, real estate professionals, and potential homebuyers on the island.
The grand opening of Kaiāulu o Kūku‘ia marks a significant moment in West Maui's recovery, becoming the first permanent affordable housing project to open since the devastating wildfires. This development provides much-needed homes and includes Hawai'i's first Bezos Academy preschool, offering crucial support for families.
Legislative initiatives across all four of Hawaii's counties signal a potential turning point in addressing the state's severe affordable housing crisis. These measures aim to increase housing supply, protect renters' rights, and offer incentives for local residents, creating both challenges and opportunities for businesses and investors.
James Jannard, the founder of Oakley, has sold his last beachfront property in Hanalei, Kauai, for $32 million. This sale continues the trend of high-value real estate transactions in Hawaii and highlights the enduring appeal of the islands' luxury market.
The Maui Planning Commission has recommended that the County Council approve a bill increasing building height limits in the Lahaina National Historic Landmark District to 35 feet. This decision, along with proposed parking reforms, aims to facilitate the rebuilding efforts following the devastating wildfires that ravaged the historic town.
Ala Moana Center in Honolulu is expanding its retail offerings with the addition of five new stores, representing a significant investment in the local economy. Public permits for these new businesses and relocations total over $3.5 million, signaling confidence and growth within the commercial center.
The newly blessed Hale Na Koa 'O Hanakahi, a 92-unit affordable housing complex in Hilo, marks a significant milestone in addressing the Big Island's housing needs, particularly for seniors and veterans. This project, which has been in development for several years, represents a major investment in the local community and a commitment to providing much-needed housing options.