Construction of Residences for Innovative Student Entrepreneurs (RISE), a 374-bed, mixed-use student housing development underway in Honolulu, is on track for a fall 2023 completion.
A public-private partnership between the University of Hawaii, UH Foundation and Hunt Cos. broke ground on the $70 million project in January. The development team also includes The Wilhelm Group as construction manager and Moss as general contractor, with Design Partners Inc. leading the architectural efforts.
Upon delivery, the six-story building will comprise student-dedicated single and double-bedrooms, as well as a 7,263-square-foot innovation and entrepreneurship center. Community amenities will include a resident lounge, barbecue grills, community kitchens, laundry facilities and onsite dining spaces.
B.HOM Student Living will manage the property’s student housing component. In addition, Pacific Asian Center for Entrepreneurship in the Shidler College of Business will operate the coworking space, meeting rooms and prototyping labs available on the bottom floors.
Located at 1810 University Ave. less than 3 miles from downtown Honolulu, the development is within walking distance of the University of Hawaii at Mānoa campus and half a mile away from the University of Hawaii at Mānoa Athletic Complex Studios. Interstate H1 is within half a mile of the property.
A total number of 19,098 students are enrolled at the institution, National Center for Education Statistics data shows. Currently, there are 3,272 on-campus beds available for the students, in addition to the 10,220-bed estimated off-campus housing, according to Yardi Matrix data.