A Workforce Residence in Urban Honolulu

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1 A computer rendering from Ewa Obtain the Property Report required by federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of this property. A Workforce Residence in Urban Honolulu

2 SOUTH STREET KAWAIAHAO STREET Project DEscription 46-STORY TOWER WITH 635 RESIDENTIAL UNITS (90) STUDIOS (271) 1-BEDROOM, 1-BATH UNITS (46) 2-BEDROOM, 1-BATH UNITS (45) 2-BEDROOM, 1-1/2 BATH UNITS (183) 2-BEDROOM, 2-BATH UNITS 11-STORY PARKING GARAGE WITH 915 STALLS CONNECTING LOBBY WITH MANAGEMENT AND SECURITY AT ENTRANCE WELL-LIT GROUNDS WITH POLE LIGHTING FOR STREET SIDEWALKS LEGEND Future Project Signs (2) Lamp Posts (14) Camera Surveillance (11) Wall-mounted Lights (14) Parking Gates (4) Secured Stairwell Exits (3) Card Key Entry Doors (3) Security Office Visitor Lobby Lobby Bathroom Coffee Counter Management Office Street Sidewalk Service Driveway Garage Driveway South Street Pedestrian Entry is a 100% Non-Smoking Building Residential Building, Meeting Room and Parking Garage Pedestrian Walkways Driveways Technical Facilities The Developer reserves the right to discontinue, substitute, or change products or design shown without notice or obligation.

3 A computer rendering from Mauka/Ewa LOCATIONS within 1 mile: 1. City, State and Federal Buildings 2. Downtown Honolulu 3. Queen s Medical Center 4. Kaka ako Waterfront Park 5. Neal S. Blaisdell Center 6. Ward Entertainment Center

4 Building FEatureS for Safety, security & function Concrete walls between every condominium unit Double pane exterior windows and doors Awning windows for bedroom natural ventilation Fire sprinkler system for entire building Wet stand fire pump system for fire hose connectivity on each floor 6,400 square foot Meeting Room with kitchen, bathrooms and large wall TV Spacious main lobby with seating areas Left: 4-Foot high frosted lanai glass railing Right: Parking garage gate with fob-key activation Left to right: Smoke detectors, audio alarm and sprinklers Security office and enter-phone at secured fob-key lobby entrance Storage for bicycles and surfboards Below: Outdoor pole lighting with security cameras Right: Wet stand fire pump system for fire hose connectivity on each floor Shown here are features from former projects 215 N.King St. and CCV6. However, these features will be improved in 801 South St and the Developer reserves the right to make necessary changes as manufacturers and specifications are updated. Above: Emergency backup generator for safety and security systems

5 A computer rendering from Mauka/Diamond Head LOCATIONS within 2 miles: 1. Royal Elementary School 2. Ka ahumanu Elementary School 3. Central Middle School 4. McKinley High School 5. Chinatown 6. Ala Moana Center

6 COMPARISON for NEW AND OLD BUILDINGS ENERGY SAVINGS IMPROVED BUILDING FEATURES Inset lanai doors for natural air ventilation. Double pane exterior windows and door for sound reduction. Awning windows for all bedrooms. Plumbing fixtures meeting new government standards. Appliances meeting new government energy efficiencies. Electrical fixtures with energy efficiencies. SUMMARY Laws for lower or alternative energy have not been passed to upgrade buildings over 20 years in age. It is estimated that on Oahu at least 80% of all buildings are 20 years and older. However, because of new technologies, new buildings can use much less energy than older buildings. MAINTENANCE FEES FOR NEW BUILDINGS BUILDING Moana Pacific Keola Lai Pacifica Honolulu 909 Kapiolani BUILDING Moana Pacific Keola Lai Pacifica Honolulu 909 Kapiolani SUMMARY 1 BEDROOM MAINTENANCE FEE COMPARISON RECENT PROJECTS MAINTENANCE FEE $460 $489 $400 $400 MAINTENANCE FEE $600-$790 $565-$760 $570-$670 $635-$835 Luxury buildings are developed with special amenities that are built for that particular market and therefore require higher consumption for central air-conditioning, pools, fitness rooms, etc. Further, the energy use for cooling is subject to the entire apartment unit and/or even the entire building. BUILDING 1133 Waimanu 215 North King St. Country Club Village 6 Proposed Project 2 BEDROOM MAINTENANCE FEE COMPARISON RECENT PROJECTS DEVELOPER S PROJECTS BUILDING 1133 Waimanu 215 North King St. Country Club Village 6 Proposed Project MAINTENANCE FEE $275 $265 $226 $250 DEVELOPER S PROJECTS MAINTENANCE FEE $375 $308 $291 $300 The stated maintenance fees are from recent budget reports and are subject to line item increases for each specific building. Split air-conditioner condenser and blower The proposed workforce housing project will have split air-conditioners for each apartment. It will be the fourth high-rise building in Honolulu with this technology. The split system allows for the option to use natural ventilation on cooler days and the cooling system on hot days. It also allows for cooling by individual rooms and can be turned off when not occupied.

7 A computer rendering from Makai/Diamond Head LOCATIONS within 3 miles: 1. Hawaii Convention Center 2. Waikiki 3. Costco, Home Depot, Lowe s Iwilei 4. Honolulu Community College

8 DEVELOPMENT TEAM DOWNTOWN CAPITAL LLC Developer KAZU YATO & ASSOCIATES Project Architect HAWAIIAN DREDGING CONSTRUCTION COMPANY, INC. General Contractor Seated left to right: Kenneth Matsuura, Kazu Yato, Marshall Hung, Colbert Matsumoto, Franklin Tokioka and Bill Wilson Standing left to right: Ryan Harada, Vito Galati, Alan Hinahara, Bruce Nakaoka, Eric Hashizume and Newton Chung REcent Projects Top left: COUNTRY CLUB VILLAGE 6, Honolulu 269 Residential Condominiums, Completed in 2009 Bottom left: 215 N. KING ST., Honolulu 251 Residential and 3 Commercial Condominiums, Completed in 2005 A Workforce Residence in Urban Honolulu Website: 801SouthSt.com

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