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HCDA selects two downtown parcels for 99-year leasehold condominium pilot; board approves site selection
Summary
The Hawaiʻi Community Development Authority on June 4, 2025, selected two HCDA-owned parcels — 873 Kapiolani Boulevard (TMK 12-1-049-080) and 610 Ward Avenue (TMK 12-1-049-063) — for a 99-year leasehold residential condominium pilot under HRS 206E-282(b).
The Hawaiʻi Community Development Authority on June 4, 2025, selected two HCDA-owned parcels — 873 Kapiolani Boulevard (TMK 12-1-049-080) and 610 Ward Avenue (TMK 12-1-049-063) — as the development site for a 99-year leasehold residential condominium pilot project, as provided in HRS 206E-282(b).
Deepak Nupani, Program Specialist 5, presented the staff report (tab 3 of the board packet) and summarized predevelopment work with a developer, including unit mix, affordability levels, financing considerations and next steps. Nupani said the project concept currently envisions roughly 251–351 units, with about 60% of units affordable at or below 140% of area median income (AMI) and some 1‑bedroom units at 80% of AMI. He said the developer expects many market-rate units to be priced above those…
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