The master planned, pedestrian-oriented city of Kapolei, near Honolulu, Hawaii, will soon see the opening of a luxury senior living community. Developed by Carlsbad, California-based Kisco Senior Living, ‘Ilima at Leihano will feature 84 units of independent living, assisted living and memory care on 3.8 acres of the 40-acre that Kisco purchased to develop a mixed-use community called Leihano. The Leihano project has been in the works since before the Great Recession, with the company closing on the land only in the last four years, including selling two parcels to First Hawaiian Bank and home furnishings company C.S. Wo & Sons. Monthly rents at the senior living community will range from $5,805 for a 410-square foot studio, up to $7,675 for a 995-square foot two-bedroom unit. Kisco began preleasing in November of last year, and plans to open the community this coming November. The construction cost is estimated to be approximately $30 million, or $357,100 per unit.
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