September 15, 2017 Comments Off on $750M, Two-Tower, MXU Condo/Hotel Approved in Honolulu Views: 2824 Hawaii, National News, West

$750M, Two-Tower, MXU Condo/Hotel Approved in Honolulu

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Los Angeles-based Salem Partners received final approval from the Honolulu City Council to build a second major project under Honolulu’s Ala Moana Transit Oriented Development Plan. The proposed $750-million project at 1500 Kapiolani Ave. includes 450 hotel and residential units, as well as an innovative affordable housing plan for 78 units at the 1.42-acre site.

Salem Partners’ James Ratkovich says, “We have enthusiastically embraced the city’s new TOD plan, and look forward to the completion of the transit system in 2022. And we are very proud of the affordable housing plan we have created. It is an innovative solution for deeply needed affordable units in Honolulu.”

The 1500 Kapiolani project will include two mixed-use towers, one at 400 feet and the other at 350 feet, connected by an iconic bridge that spans from the 35th floor of the taller tower to the rooftop of the second.

Read more at Business Wire

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