{"id":8534,"date":"2024-04-02T02:32:39","date_gmt":"2024-04-02T12:32:39","guid":{"rendered":"https:\/\/demo.oceanshawaii.com\/?post_type=project-details&p=8534"},"modified":"2024-05-21T17:23:10","modified_gmt":"2024-05-22T03:23:10","slug":"1427-ernest-bill7","status":"publish","type":"project-details","link":"https:\/\/backup.oceanshawaii.com\/ja\/project-details\/1427-ernest-bill7\/","title":{"rendered":"1427 Ernest St 25 units Honolulu Bill 7 Project"},"content":{"rendered":"

In 2021, Oceans Capital LLC embarked on its first foray into affordable housing development. Despite the prior passage of Bill 7, regulatory hurdles persisted, with only two permits in progress at DPP and minimal approvals. Undeterred, we recognized the necessity of assembling a seasoned team to navigate the intricacies of real estate development effectively. Fortunately, we had the privilege of collaborating with the city’s finest Bill 7 development team, comprising a team lead, architect, construction manager, general contractor, attorney, and realtor.<\/p>\n<\/div>

<\/i><\/i><\/span>Show more<\/span><\/a><\/h4><\/div>
\n

Our meticulous approach to design, undertaken in the face of inflationary pressures, ensured the viability of our debut affordable apartment project. Spanning three stories, our inaugural Bill 7 apartment complex accommodated 24 studios and 2 one-bedroom units.<\/p>\n

Completed in November 2023, the project achieved full occupancy within a remarkably short period of approximately 60 days, signaling a real need for affordable housing units.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>

\t\t\t\t\t