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COURTESY RENDERING
Workforce housing rules in Kakaako allow twice as much density for tower projects that receive no government financial assistance and make at least 75 percent of units affordable to households earning less than $120
A state agency approved a developer’s plan Wednesday to build a 410-unit "workforce housing" condominium known as 801 South St. Tower B at the Ewa end of Kapiolani Boulevard.
The board of the Hawaii Community Development Authority, the agency regulating development in Kakaako, voted 6-0 to allow the project proposed by developer Downtown Capital LLC led by Marshall Hung.
Tower B is the second phase of 801 South, where construction is underway on an initial tower with 635 units.
Both towers are aimed at moderate-income buyers under HCDA "workforce housing" rules.
Prices for Tower A units range from $250,000 to $500,000. Prices for Tower B range from $329,400 to $692,300.
