Coastal Rim Properties, Inc
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General Information
Locality: Honolulu, Hawaii
Phone: +1 808-744-8072
Website: www.coastalrim.com/
Likes: 83
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Why doesn't affordable housing have as much parking as other condos? Read about it in this MFE Article... "When developments are required to include more parking than they need, there’s a higher cost to the project. We’re artificially increasing the cost of housing because jurisdictions demand all this parking; however, we now have evidence to suggest that minimum parking requirements produce far more parking than is actually needed, while also hindering affordable housing and infill development, Kang says. http://www.multifamilyexecutive.com//california-developers
"With monthly rents to range from $503 to $1,294, depending on the size of the apartment and the income of the resident, this development would provide needed housing for a growing segment of Hawaii’s population: senior citizens on fixed incomes. At or near retirement age, these folks would be far less likely to be joining the stressed-out, rush-hour motorists clogging west side roads headed to and from work in Honolulu."
They're calling 803 Waimanu a "shrunken giant," and we're pretty happy with that. Small and mighty.