HONOLULU — The city has completed acquisition of a pair of properties in Iwilei and Downtown that will play key roles in its plan to expand affordable housing, complete streets and new connectivity to the Kuwili Skyline station in Honolulu.
What You Need To Know
In what the mayor’s office hailed as a “momentous” transaction, the city closed on $51.5 million deal for the Iwilei Center, located on a 3.8 acre parcel at 866 Iwilei Road, 850 Iwilei Road and 505 Kaaahi Street
The property, identified as an “activity node” in the Downtown Neighborhood Transit-Oriented Development Plan, sits adjacent to the planned Kuwili Skyline station
The city also completed a $8.4 million purchase of the First Hawaiian Bank building at 445 N. King Street, which was identified in the Downtown Neighborhood TOD Plan as a site of “critical infrastructure” that will support future affordable housing and TOD projects
Blangiardi assured minimal disruption to business operations and said the city will provide relocation assistance to qualified tenants
