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Pagoda conversion counts toward trust's affordable housing obligation

By Andrew Gomes

POSTED: 01:30 a.m. HST, Aug 09, 2012

~~<p>A state agency gave Kamehameha Schools approval Wednesday to convert part of the Pagoda Hotel in Pawaa into residential condominiums, partially satisfying a requirement to produce affordable housing in nearby Kakaako.</p>
<p>One of the Pagoda's two buildings, a 162-unit low-rise called the Pagoda Terrace, will be modified into fee-simple condos priced from $118,000 to $263,950 and renamed Rycroft Terrace.</p>
~~

A state agency gave Kamehameha Schools approval Wednesday to convert part of the Pagoda Hotel in Pawaa into residential condominiums, partially satisfying a requirement to produce affordable housing in nearby Kakaako.

One of the Pagoda's two buildings, a 162-unit low-rise called the Pagoda Terrace, will be modified into fee-simple condos priced from $118,000 to $263,950 and renamed Rycroft Terrace. Login for more...



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