The Central Ala Moana
History
The building is located in the Ala Moana district of Honolulu, in the proximity of the Ala Moana Beach Park. Due to it's location, the building's neighbourhood neighborhood directly benefits from state requirements with HHFDC and HCDA, where the developers need to negotiate with the state on how many affordable units they would provide out of their projects. It has been a standard established to a 60/40 ratio, from Affordable to Market units. It was this case for Kapiolani Residences and will also be the case for the Central Ala Moana project development.
The Central Ala Moana was created through a state affordable-housing initiative that granted the tower's builder density and height incentives along with approximately $13 million in fee exemptions in exchange for ensuring that 60% of the 512 units remain affordable for moderate-income families. The tower was inaugurated in 2021.
See also
References
- ^ "The Central Ala Moana". CTBUH Skyscraper Center. Retrieved 13 November 2024.
- ^ "The Central Ala Moana". Emporis. Archived from the original on March 11, 2022. Retrieved 2022-03-10.
{{cite web}}: CS1 maint: unfit URL (link) - ^ Sandy Harjo Livingston (March 22, 2024). "Honolulu has more of these than any other U.S. city". khon2.com. KHON-TV. Retrieved November 12, 2024.
- ^ "Ala Moana Regional Park". honolulu.gov. Honolulu City Council. Retrieved November 12, 2024.
- ^ "The Central Ala Moana Affordable Housing Release". smartlivinghi.org. Smart Living Hawaii. Retrieved November 12, 2024.
- ^ Gomez, Andrew (May 27, 2024). "Hawaii Legislature aims to alter affordable-housing program, possibly at expense of counties". hawaiitribune-herald.com. Hawaii Tribune-Herald. Retrieved November 12, 2024.
External links
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