HCDA accepts application for 2nd tower at 801 South St
Updated On: Oct 02 2013 12:24:38 PM HST
The first workforce housing condominium development in Kaka'ako is set to include two high-rise towers at the corner of Kapiolani Boulevard and South Street.
An application for the second tower at 801 South St. was accepted this week by the Hawaii Community Development Authority.
The building will be similar to the first tower with 635 apartments approved by the HCDA last year. More than 6,000 interested buyers visited the sales office during the fourth-month period from March to June this year.
Developer Marshall Hung of Downtown Capital LLC said, because of the strong demand, an application for the second tower was submitted in June as Phase Two of the 801 South St project.
The first building provided a mix of studio, one and two bedroom homes priced between $250,000 to $550,000. The Phase Two tower will add 410 units, including one, two, and three bedroom apartments. The preliminary prices for the one and two bedrooms are between $360,000 to $575,000 with three bedroom units between $576,000 to $692,000.
Together, the two towers will provide 1,045 condominium units, all sized and priced for middle-income families in Honolulu.
The 801 South St project will be designed with energy efficiency features, and maintenance fees are expected to range between $275 and $350 a month.
Construction began Aug. 1 for the first tower. HCDA will schedule public hearings for the second building application. It includes a partial demolition of the back portion of the old Advertiser news building, but the historically significant features of the building will be restored.
The 801 South St project is a $400 million project that the developer says will create jobs for 350 construction workers and 50 companies that will design, supply, and manufacture materials for the project.
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