Recently, the University of Hawaii Residences for Innovative Student Entrepreneurs announced that it had reached a major construction milestone by topping off the two six story buildings opposite the UH Manoa Campus. According to an announcement, the $70-million project is expected to be completed by the end July to allow for student residents to move in in August 2023.
John Han, Vice President for Administration and Chief Financial Officer of the University of Hawaii Foundation told Pacific Business News that topping off the building is a crucial milestone. "There's so much work involved in building the infrastructure, or the foundation," he said. "Topping off" is the process of putting on a roof, protecting it from the elements and making it weatherproof.
As reported previously by PBN, construction on RISE started in January 2022 as part of a public-private collaboration between the University of Hawaii, the UH Foundation which owns the land, and Hunt Cos. RISE, located on the former Atherton Youth Center site, is the first student housing built at UH Manoa in eight years. The 219 rooms are now available for lease. They will accommodate 374 students across all UH campuses who are interested in "innovation, entrepreneurship and entrepreneurial thinking," according to the announcement.
RISE, in addition to a community kitchen and cafe, will have classrooms, meeting rooms, co-working spaces, and makerspaces for the programs run by Pacific Asian Center for Entrepreneurship, at the Shidler College of Business. According to an announcement, more than $5000 in scholarship money remains available for students who decide to live at RISE. This can be accessed via the PACE site.
This project is a positive step towards adding student housing, which we desperately need. Han stated that this particular project was exciting not only because we are building it via a public-private partnership but also because the partnership includes PACE. It's a great opportunity for students and community," Han said.