Hale O Piʻikea Project: A New Chapter in Maui's Housing Landscape
MATTHEW THAYER photo
Our Hale O' Pike Project has gained recognition in a recent news article, titled "Developer Breaks Ground on 223-Unit Rental Project," published by The Maui News. This groundbreaking ceremony, held on November 12, 2023, marks the commencement of an exciting new chapter in Maui's housing landscape.
The Hale O' Pike Project, comprising 223 rental units, is set to redefine the housing scenario on the island. With this ambitious venture, developers are aiming to provide a solution to Maui's longstanding challenge of finding affordable and quality rental housing.
here is an excerpt from the article:
KIHEI — A project that cut a movie theater and commercial space in favor of more housing broke ground in Kihei on Thursday, putting 223 affordable rental units on track to be ready by 2025.
“Fortunately we had been planning this before the fire, and it just happened to be that now these units are going to be coming on at a time when they’re going to be really, really needed,” said Chris Flaherty, co-managing general partner of ‘Ikenakea Development, the owner and developer of the project.
The $135 million Hale O Pi’ikea development will roll out in three stages. Phase 1 will include 90 units of one, two and three bedrooms in two four-story buildings. Five units will be for mobility-impaired residents, and two will be for hearing and vision-impaired residents. Phase 2 will feature 97 residential and commercial units, while Phase 3 will comprise 36 units in four additional buildings.
Located at the corner of Piikea Avenue and Liloa Drive in the southeast portion of the Kihei Downtown Project, the housing units will be open to to individuals, kupuna and families with incomes at or below 60 percent of the area median income. The first units are expected to be ready for residents to move in at the beginning of 2025, and the whole project is anticipated to be completed at the end of 2025, according to Flaherty.