Defining Mixed-Use Development at Keauhou Lane
Stanford Carr Development has announced that sales of units in Keauhou Place, a 43-story condominium residence in the Keauhou Lane master-planned development, will begin in August with Pacific Island Realty and Prudential Locations serving as project brokers.
In addition to the high-rise, Keauhou Lane will include a six-story structure with 209 rental apartments, 39,000 square feet of commercial space containing a grocery and restaurants, 280 parking stalls and 20,000 square feet of recreation/open space. The Keauhou Lane mid-rise component is a project of Oregon-based Gerding Edlen Development.
Master-planned by the Alakea Design Group, the new urban community is located on a parcel of Kamehameha Schools property bounded by South, Halekauwila, Keawe and Pohukaina streets.
Keauhou Place, which is expected to break ground early next year, will consist of 388 one-, two-and three-bedroom condominium apartments priced from $350,000 to $1.3 million fee simple. Interiors will be designed with open floor plans and quality finishes. Units will have panoramic views with large plate glass windows as well as operable windows and lanais. Twenty percent of the units will be reserved for buyers earning between 100 and 140 percent of the median income for the area to satisfy HCDA requirements.
Designed by architect Michael Kujubu AIA, the Keauhou Place project will include a fitness center and community room located adjacent to a 23,900-square-foot recreation deck with swimming pool, spa, landscaped areas, barbecue facilities, water feature and a putting green. Seven levels of parking will include 755 stalls, comprising both assigned resident and guest parking. The garage will contain 2,800 square feet of street level commercial space to serve the future HART transit station.
Along Pohukaina and South streets, the parking garage will be tucked behind 35 two-and three-bedroom street-front condominium townhomes containing generous front yard landscaping. These condominium units, priced from $595,000 to $1 million fee simple, are designed to accommodate families desiring an in-town alternative to high-rise living.
Keauhou Lane developer Stanford Carr emphasized the convenience of the unique mixed-use pocket neighborhood situated in the booming Kakaako redevelopment area. He noted that the project is named for a street that once bisected the property.
“Keauhou translates to transformation, such an appropriate name for the renewed transformation of Kakaako back to a vibrant mixed use residential community where people live, work and play, as it was in the early through mid-1900s,” Carr said.