The Honolulu City Council gave final approval today to concessions that will allow for the construction of the Sky Ala Moana condo-hotel on Kapiolani Boulevard at the site of the current Kenrock complex.
The $510 million project is expected to deliver 300 condominium hotel units and 474 condominium units, of which 84 will be affordably priced.
In exchange for building those units in a Transit Oriented Development zone because of its proximity to the city’s upcoming 20-mile rail line, Avalon will be allowed to build up to 400 feet in height, up from the existing 250 feet, as well as decreased setbacks.
Resolution 18-248 passed 9-0.
Avalon Group President and CEO Christine Camp said condominium hotel units and market-priced units are expected to range from $650,000 to $850,000.
The development also is expected to create up to 810 construction jobs and, upon opening, 540 permanent full-time jobs, 150 of which will be on-site, she said. Avalon hopes to have the first units occupied by 2023.