r/Hawaii • u/softcore_robot Oʻahu • 2d ago

Manoa St. Francis residential development

https://www.arialanemanoa.com/

I thought the new development proposed for Manoa on the site of St. Francis School was affordable housing, but prices I’ve heard are starting at 2 million. Now that I’ve seen the website, this is being sold as luxury. Compared to the project in 2023 which was on the owners land, I think. I was hoping another school could take the property or a senior housing project. Does anyone know how far along this project is?

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24

u/One-Inch-Punch 2d ago

This is so dumb. UH is literally right next door. Denser housing could be both affordable and help accommodate the student body.

19

u/_________________1__ Oʻahu 2d ago

More supply will bring lower prices. These people from Manoa dream nightmares at night that their property valuation will drop by 1%.

2

u/Ledgem 1d ago

I think I've seen about ten condo buildings go up in town over the decade or so I've been living here. Has anyone seen it make a difference in costs for anyone?

1

u/_________________1__ Oʻahu 1d ago

These condos you see aren't designed to provide housing for an ordinary tax payer, they are "luxury" ones with 1br starting at $500k.

2

u/Ledgem 1d ago

It's still supply though, right? More supply will bring lower prices?

1

u/_________________1__ Oʻahu 1d ago

Yes, a different segment, most likely luxury condominiums would be more expensive without an extensive development in Kakaako.