Kaiāulu ʻo Kakaʻako Master Plan | Our Kakaako
Things are heating up in Our Kakaako as land owner Kamehameha Schools begins awarding guest developers with contracts to develop the remaining blocks that are slated for redevelopment. Currently, The new plans outline 6 additional towers in the Our Kakaako neighborhood just east of SALT.
The newest towers announcements have been Kahuina and Alia. Kahuina will be more focused on workforce affordable housing units while Alia will be predominantly focused on luxury with a small amount of HCDA affordable condo units to satisfy the requirements set fourth by the City & County.
What does this mean for Our Kaka'ako?
The new 29 acre 9 city block plans really do portray an attractive and bright future for the now mostly warehouse laden neighborhood. SALT was the initial staple development for Our Kakaako which set the tone for the entire community - fun, artistic, modern & energetic. The plans would not only echo the existing vibrancy of Our Kakaako but add an incredible amount of new families, businesses and opportunity to the area.
What is the timeline for the rest of Our Kaka'ako Master Plan?
Currently, 4 out of the 9 block redevelopment plans have been completed since the plan had been approved by the Hawaii Community Development Authority (HCDA) back in 2009 during Increment I phase of development. The remaining blocks C, D, G, H & I will be completed under Increment II and it will begin in 2022 with sales for both Kahuina and Alia expected to hit the market and construction of those two towers slated to start in 2023.
The first phase of Increment II is anticipated to be complete by summer of 2026. Based on this timeline we could expect to see another tower or two possibly announced in 2023 with construction slated for the following year 2024 or 2025.
Will Our Kaka'ako Master Plan have more access to affordable housing?
Kamehameha Schools has been committed to bringing more affordable housing options to market through the Master Plan. In the first phase of development Increment I, KS was able to provide above 30% of the homes under the affordable housing category which is above the states requirements. KS has committed to offering at least 2 of the 5 for affordable / workforce housing.
The future of Our Kakaako is certainly a bright one. We are very pleased to see an emphasis put on workforce housing by KS which is a huge need in the community. More housing and more commercial opportunities means more jobs and better quality of life for the community as a whole.