Frequently Asked Questions

INQUIRIES

For residential leasing inquiries, please contact Dana Cutwright: Dana.Cutwright@brookfieldpropertiesdevelopment.com

For leasing inquiries please contact Heaven Yoshino: Heaven.Yoshino@brookfieldpropertiesdevelopment.com

For community and construction inquiries, please contact Kirra Downing: kirra@dtlhawaii.com

ADDRESSING A HOUSING CRISIS

Lack of housing supply in Hawai‘i is an enormous issue affecting residents with the State reporting that over 22,000 additional housing units in Honolulu County are needed by 2025 to meet projected demand.

For most people in Hawai‘i, Hawai‘i’s high median housing price and the difficulty of securing a large down payment puts home ownership out of reach for most households earning workforce incomes. Without inheritance of a family home or other assets, their only realistic option is to rent. Rentals are necessary to help solve the housing crisis because they can cater to both families and can also house groups of un-related individuals in one unit.

Brookfield Properties is building desperately needed rental housing in urban Honolulu, especially providing an opportunity for so many of those who work in Waikīkī to live in Waikīkī. Figures show that while Waikīkī is a major employment area with a daytime working population of over 44,000, many people within this workforce do not reside in Waikīkī.

Līlia Waikīkī will include a 28-story, high-rise residential tower with 401 rental units, along with the initial 53 rental units located within three low-rise apartments of the Kānekapōlei Collection. In total, this project offers 454 rental units within four separate buildings containing rental housing.

BUILDING AFFORDABLE RENTALS FOR LOCAL PEOPLE

Most cities, states, as well as planning groups refer to workforce housing as housing for “essential workers.”  In Honolulu, this group includes those households who earn between 80% of the Area Median Income (AMI) to 140% of the AMI. However, the State of Hawai’i recently reported that approximately 70 percent of the 2025 projected housing demand is needed by households earning 80% of the AMI or less.

Because this is a rental project, there is no affordable housing requirement. Despite no mandated affordable housing requirement, Brookfield Properties will provide 20% of the project’s total unit count for households earning less than 80% of the Area Median Income (AMI), equating to over $20M in community benefit by delivering this deed-restricted affordable housing.

According to 2020 Housing and Urban Development (HUD) guidelines, 80% of the AMI equates to an annual income of $70,500 for a household of 1-person, $80,600 for a 2-person household, $90,650 for a 3-person household, and $100,700 for a family size of four.

To play a role in addressing the need for affordable housing rentals in Honolulu, Brookfield Properties is building 91 units, or 20% of the project’s total unit count, for households earning up to 80% of the AMI.

This project will offer a total of 91 affordable units, a mix of studios, 1-bedrooms and 2-bedroom affordable rental units.

Opened in late 2020, Kānekapōlei Collection, located across from the planned high-rise tower, was the initial phase of Līlia Waikīkī, comprised of 53 affordable rental units, consisting of 44 one-bedrooms averaging 500 sf and 9 two-bedrooms averaging 900 sf within the three fully renovated low-rise apartment buildings. Brookfield Properties preserved these healthy unit sizes and did not divide the units into smaller micro-housing. These brand new apartments are occupied by households earning less than 80 percent of the area median income.

To provide a balanced affordable housing unit mix offering, the remaining 38 affordable housing studio units averaging 385 sf will be in the new tower on levels 3-8, where the studios are spread amongst other market-rate rental units on those floors, scheduled to open 2022.

Per 2020 HUD affordable rent guidelines, affordable rents set at 80% of the AMI would equate to $1,473 per month for a studio, $1,640 for a 1-bedroom, and $2,160 per month for a 2-bedroom. HUD affordable rent guidelines include the cost of certain utilities, such as water, sewer and electricity. Brookfield Properties is unable to provide rental housing below 80% AMI without public housing subsidies.

Premiering 2022, the 38 affordable units in the high-rise tower will be offered in the latter half of 2021. Brookfield Properties will conduct a lottery process to determine unit selection prior to project opening and have all interested parties submit rental applications and affordable housing qualification documentation. Please provide your contact info to stay in touch!

ESTABLISHING A MIXED-USE COMMUNITY

Brookfield Properties is building a vibrant mixed-use residential and retail development in the heart of Waikīkī, Hawai‘i’s most well-known destination and the State’s primary employment area of retail, lodging, dining and commercial entertainment.

Located at 2370 Kūhiō Avenue, Honolulu, HI 96815, the project sits along Kūhiō Avenue, and includes seven parcels totaling 109,774 SF. There are five lots on the Diamond Head side of Kānekapōlei (ABC Store, Waikīkī Regents Apartments, Queen Emma Apartments and Beachside Apartments 1 & 2) and two parcels that comprise the ‘Ewa lots where the Food Pantry grocery was located and where an existing exceptional Banyan tree will be preserved and enhanced.

The project’s residential component will comprise a new-construction, 28-story multifamily rental tower with 401 units. In addition, 53 units within three existing low-rise apartments at Kanekapolei Collection were fully renovated and currently operating as deed-restricted affordable housing rentals. At the base of the new tower, the project will also include approximately 42,000 sf of new retail located on two levels situated along Kūhiō Avenue.

Brookfield Properties is honored and excited to be part of a local team that will redevelop legacy lands owned by the Queen Emma Land Company (QELC), a local nonprofit organization established to support and advance health care in Hawai‘i, primarily through The Queen’s Medical Center and its affiliates.

Brookfield Properties was selected to be the developer and operator through a competitive Request for Proposal (RFP) process. Brookfield Properties and QELC has entered into a Lease Purchase Agreement which provides Brookfield Properties the rights to a 65-year ground lease, which commenced in mid-2019 at the start of construction. During the time of planning, outreach and permitting, QELC remained the landlord to the existing Tenants (Food Pantry, low-rise apartment buildings, food truck operator, etc.).

Along Kūhiō Avenue, residents and visitors will enjoy a dynamic retail environment of shops and services anchored by “Waikīkī Market,” Waikīkī’s only full-service locally owned grocery store. This rental project designated the entire 20,000 + sf second floor for Waikīkī Market which customers can access through a ground floor Kūhiō Avenue entrance.  

The balance of the ground level retail will be leased with a tenant mix geared toward neighborhood-serving needs. Brookfield Properties strongly believes in the redevelopment of Kūhiō Avenue encouraging positive activity with neighborhood and placemaking elements. Lastly, the city bus stop located on Kūhiō Avenue fronting the project will remain.

DESIGNING FOR THE COMMUNITY

The property is zoned Apartment Mixed-Use (AMX), which allows for the development of an apartment rental project with mixed-use commercial components. Queen Emma Land Company will retain fee-simple ownership in their land.

Given the small lot sizes and depth, coupled with the desire to stay within the low-rise scale of that portion of the neighborhood, it made sense to keep the existing structures and fully renovate the buildings while honoring the past. Sidewalks and landscape have been studied and designed so that the project has an appearance of one cohesive project on both sides of Kānekapōlei Street.

The tower will be oriented in a mauka-to-makai axis and specifically situated in-line between the Ohana Waikiki East and Aqua Aloha Surf hotels. Further, this will also allow for maximum distance between the existing Hilton Garden Inn hotel and our new building.

Brookfield Properties is building a 28-story tower up to 285-feet (plus the additional allowable elevator roof overrun). While a 350-foot height limit is allowable under the PD-A process, Brookfield Properties is only seeking a 25-foot height increase above an existing allowable 260 ft. height limit to allow the tower rental units to be developed with 9-foot clear ceilings, something rarely done in the rental market that will provide a more comfortable living space for its residents.

A loading dock for commercial deliveries and Residential move-ins/outs are internalized within building parking podium to address existing community noise concerns over early morning deliveries and traffic congestion related to large delivery trucks. This private loading and service alley will have an entrance gate on Walina Street and an exit gate on Kānekapōlei Street. Back of house facilities (trash, electric room, generator, and water pump room) will be located within the building’s ground floor attached parking structure.

The residential porte cochere will be located with access from Kānekapōlei Street and be sized to provide for onsite queueing of vehicles, ride sharing, and taxi. The porte cochere was designed to wrap around and preserve a large, existing Monkeypod tree on Kānekapōlei Street.

The project will provide parking for both residents and commercial spaces. Residential parking for the tower will meet city codes related to parking ratio requirements of 1 parking stall to each 1 residential unit (total 401 residential stalls). The commercial and residential singular parking entrance is located on Walina Street with a comprehensive traffic impact study completed.

Brookfield Properties will preserve and enhance the exceptional banyan tree. Brookfield Properties has received an exceptional banyan tree pruning permit and has begun a phased enhancement process by which the tree will be trimmed and shaped under the guidance of a certified arborist to improve the health of the tree, including continued maintenance of the tree after project opening in 2022. Furthermore, the asphalt paving located under the tree will be removed, allowing the banyan tree to better thrive.

EMBRACING CHANGE FOR THE FUTURE

There is one existing business on the project site – ABC Store on the corner of Kānekapōlei Street and Kūhiō Avenue that remains in place under its current lease. When construction commenced, the 20,000 sf Food Pantry closed and will reopen with a new concept, full-service grocery store, called Waikīkī Market that will be a new place of modern convenience to serve and cater to tenants, locals, and visitors for years to come.

During construction, there are various boutique grocers such as Duke’s Lane and Mitsuwa market across the street, as well as a Food Pantry one mile away on Hobron, Dean & DeLuca Kūhiō Avenue and several ABC Stores in the area.

Queen Emma Land Company and Brookfield Properties have maintained communication with the existing residential tenants, including providing two-year notice before the proposed project construction in mid-2019. Tenants have also been notified of the upcoming redevelopment and predevelopment timeline. While it is unfortunate that the existing tenants must vacate, some of the units were in dire need of repair, and the residents have been cooperative of our efforts.  Upon completion of the project in 2022, we would like to see them return as renters in the new project.

Brookfield Properties understands that the neighborhood is concerned with parking and we will work with the general contractor to find a solution that minimizes the inconvenience to the community who utilize on-street parking.

Brookfield Properties will work with the selected General Contractor and associated subcontractors to properly communicate construction progress to the neighbors.

Brookfield Properties is delivering a much-needed rental housing project, which includes an affordable housing component of 20% of the units (91 units) designated for households earning less than 80% of AMI. The community benefit of delivering this affordable housing exceeds $20M.

This revitalization is estimated to create 600 development and construction jobs, as well as 90 permanent operational positions through a professionally managed residential apartment building and mixed-use retail center to the community, providing long-term economic stimulus.

As a rental project with no condo presale requirement required to start construction, Līlia Waikīkī will deliver a mix of 363 market rentals and 91 affordable units into the housing market much quicker into Waikīkī, one of the largest employment centers in our state.