Honolulu seeks developer for strategic housing initiative

The City of Honolulu is looking for a partner to convert an old warehouse into transit-oriented affordable housing. The city recently issued a Request for Qualifications (RFQ) for a development firm to help redevelop the Iwilei Industrial Center in downtown Honolulu, which it acquired in January 2024 for $51.5 million.

The RFQ submission deadline is April 30. Written requests for clarifications should be submitted no later than March 28.

The goal is to create a walkable community connected to public transit, Mayor Rick Blangiardi said.

The selected developer will oversee master planning, environmental clearance, architectural design, entitlement, financing, construction, lease-up and operations.

In return, the developer will receive a development contract and a 75-year ground lease. Interested developers must demonstrate experience in mixed-use urban redevelopment, financial capability and a commitment to community engagement, the city said.

“This transformative project is a pivotal step in reimagining Iwilei as a thoughtfully designed, transit-oriented neighborhood that puts affordability, sustainability and quality of life at the forefront,” Blangiardi said.

The project’s goals include:

Delivering hundreds of housing units to expand housing options for O’ahu residents.

Developing a vibrant, mixed-use, walkable community with seamless integration of affordable housing and transit access.

Stimulating economic development by introducing commercial, recreational and retail opportunities.

Image by user32212 from Pixabay

The post Honolulu seeks developer for strategic housing initiative appeared first on Government Market News.