New affordable project by SamKoo starts next month

New affordable project by SamKoo starts next month. The project is located near Atkinson Drive and Kapiolani Blvd. The Korean Developer plans a 45-story building with 484 units. A total of 60% of the units will be considered affordable.  The units will include studio, one bedrooms, two bedrooms, and three bedrooms ranging in size from 460 square feet to 1331 square feet.  Affordable unit pricing starts at $272,000.  The affordable units are geared towards those individuals and families earning 80 to 120% of the average median income for Honolulu.

SamKoo Pacific LLC has partnered with the Hawaii Housing Finance and Development Corp. (HHFDC) which helps create affordable housing for the people of Hawaii.  SamKoo is also planning a tower at 1391 Kapiolani Blvd.

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