12/6/24 #kihei
This morning in central Kihei, we had the blessing of phase 2 (of 3 phases) of Hale O Pi‘ikea, a 100% truly affordable rental project.
The blessing was held on the North side of Pi’ikea in this open lot, the expected site of the Downtown Kihei project from Krausz
Mayor Richard Bissen and Chris Flaherty of ‘Ikenakea Development
Chris Flaherty conducted the proceedings
County Council Member Tom Cook
This second phase is for our kupuna, with 96 units, a mix of studio and one bedroom units, with rents projected to commence at $558.00. Located on the South side of Pi‘ikea, makai of the roundabout. It is estimated to be completed in February 2026. The entire project has 223 units, all 100% affordable rental and all LEEDS Gold. Phase one is already going vertical (in the background of the pictures).
Construction was ongoing during the cereminy
Towering over phase one construction we see Hale ʻO Lāʻie (formerly Haggai Institute) which is being converted to more affordable housing
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I see no need for the snark in the headline, “not investors.” I am a KCA Member, a local kupuna, and an investor. Glad to see this affordable housing going in that great big empty space. Would appreciate KCA treading lightly on those of us who help the economy everyday with “investment” ownership.
Mahalo for the reasonable comment. Kathy. When written the “target” were the major international corporations offering the multimillion $$ home projects constructed for wealthy guys who do not live here, However it could be read to mean folks like you, but this was not the intent. We will work to be more explicit to for greater clarity Aloha