78
COURTESY IMAGE
This image shows a rendering of the Sky Ala Moana project against neighboring buildings.
COURTESY IMAGE
A rendering of the Sky Ala Moana project
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.
By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines.
Having trouble with comments? Learn more here.