July 26, 2013
Contributed by ksinfo
The plan includes a variety of housing options, including rental apartments, lofts, townhomes, a high-rise tower and live-work spaces, and retail shops to include plans for a neighborhood grocery. Literally meaning a "new era," the name harkens back to Keauhou Lane, a historical private lane that once ran through the property.
An estimated 40 percent of the housing units at Keauhou Lane will be reserved for middle-income workers. Renters can earn up to 100 percent of Honolulu's median income, and fee simple buyers can earn up to 140 percent to qualify. Overall, the project is being designed for the local market.
"I commend Kamehameha Schools and Stanford Carr Development for their efforts to build a residential community for the people of Hawai'i, and fulfilling our goal of making Kaka'ako a diverse and accessible environment," said Governor Neil Abercrombie. "Kaka'ako is a vital component of Hawai'i's economic development plan, where local families will be able to live, work and play in Honolulu's urban core."
Offering a wide selection of well-priced units, Keauhou Lane will provide a variety of choices for individuals, couples and families interested in living within one of urban Honolulu's most exciting new mixed-use neighborhoods. It is located on the block bound by South, Halekauwila, Keawe and Pohukaina Streets, also known as "Block A" of the Kamehameha Schools' Our Kaka'ako master plan.
Development work for Keauhou Lane will be a collaboration between Stanford Carr Development and Kamehameha Schools. Stanford Carr's portion will comprise approximately 93,002 square feet of the property and include a 40-story tower called Keauhou Place, as well as a parking structure for all uses on the block that will be lined with townhomes along South and Pohukaina Streets. Kamehameha Schools' plans for approximately 69,387 square feet of the property include live-work units, rental apartments and ground floor commercial. Combined, the projects are anticipated to contain almost 50,000 square feet of recreational spaces for the project residents, as well as over 65,000 square feet of open spaces, including fully landscaped sidewalk areas enhanced with features consistent with the City's "complete streets," making KS's overall vision of a walkable neighborhood come to life.
"This master planned, neighborhood block is designed for the local market. We are excited to have this opportunity to work with KS and continue to be a part of the new urbanism of Kaka'ako with this latest development endeavor," said Stanford Carr Development president Stanford Carr. "Our goal is to bring out the history of this wonderful area, celebrating it through architecture. The diversity of architectural vernaculars that will be layered into the neighborhood will be influenced by historical eras in Hawai'i as well as modern architecture."
Our Kaka'ako is quickly becoming Honolulu's new urban-island neighborhood as it once was in the early 20th Century where residents can enjoy shopping, eating, entertainment, great neighbors, and even work within close proximity to their homes. Residents of Keauhou Lane will enjoy its vibrant location, and will be joining a small, active hui of entrepreneurs, chefs, artists and innovators who share a strong sense of community, and that are helping author Kaka'ako's future.
Our Kaka'ako is currently well into its transformation, offering monthly evening events, progressive local eateries, unique retail experiences, art, fashion and entrepreneurship. Keauhou Lane will provide residents with additional business and shopping options with its planned ground floor retail spaces, and will also be just a short distance from Kamehameha Schools' planned retail village, Salt at Our Kaka'ako.
"Today's announcements mark yet another incredible milestone in the overall master plan of Kamehahmeha Schools' Our Kaka'ako project," said Paul Kay, director of real estate development at Kamehameha Schools. "In October of last year we announced our first residential redevelopment project with the completion of Six Eighty Ala Moana. In April we announced A&B Properties' The Collection, and in June we formally presented the Salt at Our Kaka'ako project. These newest offerings are a wonderful addition to the neighborhood, and we are extremely excited to be a part of this fantastic project."
Alakea Design Group has been retained to ensure integration between the project components. This includes the creation of a mauka to makai promenade that creates a mid block connection and lies roughly where Keauhou Lane, the project's namesake, used to exist within the block.
"Naming the area Keauhou Lane provides a nice connection to the history of the area," added Carr. "Keauhou means 'new era,' which seemed like a fantastic way to honor the history of the area, while maintaining a focus on an urban expression of Hawai'i's lifestyle and island culture."
Groundbreaking and construction are targeted for mid to late 2014.
For more information on Kamehameha Schools Kaka'ako master plan and a list of events, retailers and restaurants, visit www.OurKakaako.com.
About Our Kaka'ako
Our Kaka'ako is a mixed-use, urban-island community by Kamehameha Schools on nine contiguous city blocks in the heart of Honolulu, between South Street and Ward Avenue. The community, which is currently in the beginning stages of a multi-year redevelopment, will contain a mixture of low-rise and high-rise structures, a range of housing types, open spaces, a central gathering place, and a neighborhood supportive of commercial and industrial uses. Part of the vision for Our Kaka'ako is that it will continue to grow as a progressive catalyst for innovation and become the epicenter of urban-island culture, and the lifestyle that it represents. To learn more, please visit www.OurKakaako.com.
About Stanford Carr Development
Stanford Carr Development, LLC is a local development firm headquartered in Honolulu. Founded in 1990, our mission is to develop quality residential communities, commercial projects and special needs housing that achieve strong market acceptance and provide long-term value. For more information, visit StanfordCarr.com.
About Kamehameha Schools
Kamehameha Schools is a private, educational, charitable trust founded and endowed by the legacy of Princess Bernice Pauahi Bishop. Kamehameha Schools operates a statewide educational system enrolling over 6,900 students of Hawaiian ancestry at K-12 campuses on O'ahu, Maui and Hawai'i and 30 preschool sites statewide. Over 40,400 additional Hawaiian learners and caregivers are served each year through a range of other Kamehameha Schools' outreach programs, community collaborations and financial aid opportunities in Hawai'i and across the continental United States. Income generated from its Hawai'i real estate, as well as diverse investments, fund the Schools' educational mission almost entirely. For more information, please visit www.ksbe.edu.
Media contact: Erin Kinney, erkinney@ksbe.edu
Kamehameha Schools’ policy is to give preference to applicants of Hawaiian ancestry to the extent permitted by law.
