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The city is buying two properties where it will add affordable housing, both near a planned rail station on Dillingham Boulevard: one a $51.5 million, 3.8-acre warehouse complex on Iwilei Street, Diamond Head-side of the Dole Cannery complex; the other an $8.4 million former First Hawaiian branch building on North King Street, just south of Liliha. ....
This transaction will convert the existing center now home to warehouses, loading docks, offices for lease as well as more than two dozen commercial tenants to a new, city-owned affordable housing development, the city says. ....