HawaiiWritten by Jason Ubay On 15 October 2012
Renovated 54-unit Kakaako loft space now open

The following blog post is by Beverly Creamer.

Kamehameha Schools opened the doors today to 54 newly renovated units at 680 Ala Moana Blvd – the first of the 2,750 housing units the institution plans for Kakaako over the next 15 years.

The cover story in the September issue of Hawaii Business magazine focused on the revitalization efforts now underway in Kakaako, and plans by Kamehameha Schools are a major part of them.

These studio and one-bedroom units come at affordable prices – anywhere from around $1100 to $1400 amonth, designed for those making up to a median income. That’s pegged at $57,890 for one; $66,160 for two; and $74,430 for three.

The units, created from a gutted office building, have 12-foot ceilings and are built in loft style, with open floor plans and stainless steel appliances.

The development – officially called Six Eighty – makes good on requirements by the Hawaii Community Development Authority that landowners provide 20 percent of their development at affordable prices.

Kamehameha Schools has 29 acres in Kakaako that it plans to offer in a wide variety of housing options, ranging all the way from street-level urban townhomes to high-rise condo units.

This is the first of its major construction projects.

Rental applications are available today from the building’s property manager, online at www.680AlaMoana.com, via email at 680AlaMoana@cirrusami.com or by phone at 808-226-9876. Completed rental application packages will be accepted at Cirrus Asset Management beginning Oct. 29 at 9 a.m. Move-in starts in early November.

The development includes 8,600 square feet of ground floor commercial space. Starbucks Coffee has already moved in and opened.

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Managing Editor, Hawaii Business magazine. He's also representing the mag on Facebook and Twitter at @hawaiibusiness. You can follow him on Twitter at @jubay.

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