Brookfield breaks ground on Lilia Waikiki rental apartments

By Janis L. Magin  – Real Estate Editor, Pacific Business News Sep 11, 2019, 7:37am HST Updated Sep 11, 2019, 7:56pm EDT

Brookfield Properties broke ground on its 455-unit Lilia Waikiki project Tuesday, the first new rental apartment building in Waikiki in decades, which will include 91 affordable apartments for tenants making no more than 80% of the area median income.

Dene Oliver, founder of OliverMcMillan — which announced the project two years ago before being acquired by Brookfield Properties last year — acknowledged the project would be the last started under OliverMcMillan.

He told a crowd of more than 100 assembled beneath a large banyan tree at the construction site that the finished project will be “spectacular and a tribute to Queen Emma.” The name Lilia Waikiki refers to the Hawaiian word for lily, the queen’s favorite flower.

Read more:

https://www.bizjournals.com/pacific/news/2019/09/11/brookfield-breaks-ground-on-lilia-waikiki-rental.html

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