What looked like a promising, affordable housing conversion has slowed to a halt. Developer Mr. Peter Savio is now second in line for his greatly anticipated purchase, rehab, and release of some 1,450 homes in the Ewa Beach location.
According to Pacific Business News, developer Peter Savio has rejected the counter offer restrictions for the $330 Million dollar purchase of 1,450 1960’s era subdivision homes. He now stands in second place, while developer Hunt Development Group negotiates with new prospects.
Insiders say the 2-3 bedrooms were to be sold for around the $200K price point range. This sure would be a nice opportunity for many medium to low income families to make a first time purchase here on Oahu.