Kamehameha Schools breaks ground on Kakaako apartment building
GEORGE F. LEE / GLEE@STARADVERTISER.COM
Kamehameha Schools trustee Robert Nobriga, left, Kahu Kekoa Cordell and Kelly Saito of Gerding Edlen were on hand for today’s ground break of Keauhou Place located at Keawe and Pohukaina Streets in Kakaako.
Kamehameha Schools and an Oregon development firm kicked off construction today on an affordable rental apartment and retail complex in Kakaako that represents a unique endeavor for the trust.
With a toss up of dirt and a blessing given by Kamehameha Schools chaplain Kordell Kekoa, representatives of the development team along with local government officials celebrated starting the project called Keauhou Lane that will feature 209 apartments reserved for residents earning up to Honolulu’s median income.
“A‘ohe hana nui ke alu ‘ia — many hands make light the heavy load,” said Robert Nobriga, chairman of the trust’s board.
Kamehameha Schools, which owns the 1.6 acre-project site bordered by Pohukaina, Halekauwila and Keawe streets, made a unique arrangement with Portland, Ore.-based development and investment firm Gerding Edlen to produce Keauhou Lane.
The trust leased the land to Gerding Edlen and invested in the project in a partnership that has Gerding Edlen developing the property and managing the apartments and retail when completed. The setup is a first for Kamehameha Schools, the state’s largest private landowner.
4 responses to “Kamehameha Schools breaks ground on Kakaako apartment building”
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Looking forward to the lottery for a chance to rent…………..who will be in the retail space(s)?
..and, the rents will be(?)(Drum-roll Please..)
(How did they get away without having to include “Kirk” in the photo?)
Hawaiian Homelands condo please. Hawaiians like live Kakaako too you know.
how about kamehameha schools build housing for the Hawaiians, and not just the rich ones and their buddies. the ones that actually need it