September 4, 2018
OliverMcMillan doubles affordable time for Waikiki rental project
Pacific Business News
OliverMcMillan has doubled to 30 years the amount of time that 91 affordable rentals in the developer’s planned mixed-use apartment tower and redeveloped low-rise buildings in the center of Waikiki — newly named Lilia Waikiki — will remain affordable.
The developer appeared before the City and County of Honolulu’s Department of Planning and Permitting Tuesday for a public hearing on its request for a planned development-apartment and Waikiki special district permit, major, for the 28-story, 285-foot tower on Kuhio Avenue and for the redevelopment of four low-rise buildings across Kanekapolei Street.
The Lilia Waikiki project is planned to have a total of 455 units, which includes 402 units in the mixed-used tower on 1.6 acres bounded by Walina Street, Kuhio Avenue and Kanekapolei Street and 53 units in the four low-rise buildings. The final environmental assessment was published in July.
The developer said 91 of the units — 38 studios in the tower and 53 one- and two-bedroom units in the low-rise buildings, will be affordable for people earning 80 percent of the area median income. OliverMcMillan is committing to keep the units affordable for 30 years, which is double the 15 years originally proposed.
OliverMcMillan's Lilia Waikiki mixed-use apartment tower will have 402 rental units, including 38 studios with affordable rents for those making 80 percent of the area median income.
Kris Hui, OliverMcMillan’s director of development in Honolulu, said City Councilman Trevor Ozawa, whose district includes Waikiki, encouraged the developer to make the commitment to keeping the units affordable for 30 years, despite no requirement for the project, which is privately funded.
The affordable studio units in the tower — 38 of a total 102 studios — will be 385 square feet, while the 44 one-bedroom units, spread over two of the low-rise buildings, are 500 square feet and the nine two- bedroom units in the mauka low-rise building are 905 square feet. One unit in the low-rise buildings is being converted to a community laundry area.
9/5/2018 OliverMcMillan doubles affordable time for Waikiki rental project Lilia Waikiki - Pacific Business News
The tower will also have 179 one-bedroom, 99 two-bedroom and 22 three-bedroom apartments at market rents. The first two floors will include retail and restaurant space, including a grocery store on the second floor. Food Pantry currently occupies a space on the corner of Kuhio and Walina streets, but OliverMcMillan has not disclosed which operator will occupy the new building.
The DPP director is to issue a decision on the planned development-apartment permit by Oct. 28, and Hui expects a decision on the Waikiki special district permit after that. The project must also pass through the City Council’s zoning committee and the full council.
“Our hope is to appear before the council by the end of the year,” he told Pacific Business News after the hearing.
Construction on the project is projected to start in mid 2019 with completion targeted for 2021. A 65-year lease with the landowner, the Queen Emma Land Co., will commence when construction starts.
Solomon Cordwell Buenz is the design architect and Honolulu-based Benjamin Woo Architects is the project architect on the project. OliverMcMillan is currently in the process of selecting a general contractor, Hui said.