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10/27/22
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Work has begun on Kaulana Mahina Apartments, a 324-unit affordable housing project in Central Maui. The community is a development of a Legacy Partners-led venture that includes the AFL-CIO Building Investment Trust and others.
The project represents the first major investment of AFL-CIO Building Investments Trust in Hawaii in affordable workforce housing. The fund, a commingled fund of more than 250 union pension plans, invests in commercial real estate nationwide. In Hawaii, AFL-CIO members include the Hawaii Government Employee Association (HGEA), Hawaii’s largest public-sector labor union, and all the Hawaii building and construction trades, numbering in the hundreds of thousands of workers.
Kaulana Mahina expects to begin delivering homes in the late summer of 2023, with a lottery process opening in the months prior. The project includes a mix of studios and one- to three-bedroom units. The professionally managed project will have many amenities for its residents—a gym, a pool, a yoga room, a resident lounge and a dog park.
The development site is bound by Waiale Road to the east, Kuikahi Drive to the north, and Honoapi‘ilani Hwy to the west, at the intersection diagonal to Long’s and Walgreen’s.
Following section 2.96 of the Maui County Code, the development is 60% affordable and is a 201H affordable housing project. The developer is BIT Wailuku LLC, comprised of PNC Realty Investors Inc, managing member Legacy Partners, Pacific Coast Capital Partners, Dowling Company, Pier Investments, and Schatz Collaborative LLC. The construction and design team includes Moss & Associates, Clifford Planning & Architecture, Warren S. Unemori Engineering Inc, and Group Pacific. The project is a collaboration with the County of Maui, the Mayor’s Office and Maui County Council, as well as Hawaii Housing Finance Development Corporation.
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