CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM
The construction site of the complex was surrounded by a construction barrier Thursday.
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It is a strange housing crisis Hawaii has — that when there is a clear shortage of affordable units, there are any that go wanting for buyers. That’s what seems to be happening, though, judging by the 23 middle-income condos at Kuilei Place in Moiliili still unsold, despite pricing below market by developers BlackSand Capital and Kobayashi Group.
The developers are now tapping a new state program to add subsidies in hopes of bringing in more buyers. There’s got to be more marketing outreach done, too, rather than leaning so heavily on a state fund that really could be used for other projects.