{"id":154228,"date":"2022-01-13T09:57:45","date_gmt":"2022-01-13T19:57:45","guid":{"rendered":"https:\/\/www.hawaii.edu\/news\/?p=154228"},"modified":"2023-07-25T10:32:42","modified_gmt":"2023-07-25T20:32:42","slug":"uh-breaks-ground-on-rise","status":"publish","type":"post","link":"https:\/\/www.hawaii.edu\/news\/2022\/01\/13\/uh-breaks-ground-on-rise\/","title":{"rendered":"<abbr>UH<\/abbr> breaks ground on <abbr>RISE<\/abbr> entrepreneurship, student housing facility"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><div class=\"responsive-video-wrap-post\"><figure class=\"wp-block-embed wp-block-embed-youtube is-type-video is-provider-youtube epyt-figure\"><div class=\"wp-block-embed__wrapper\"><div class=\"epyt-video-wrapper\"><iframe  id=\"_ytid_13677\"  width=\"676\" height=\"676\"  data-origwidth=\"676\" data-origheight=\"676\" src=\"https:\/\/www.youtube.com\/embed\/v9CtzVz7Mbk?enablejsapi=1&origin=https:\/\/www.hawaii.edu&rel=0&autoplay=0&cc_load_policy=0&cc_lang_pref=&iv_load_policy=1&loop=0&fs=1&playsinline=0&autohide=2&theme=dark&color=red&controls=1&disablekb=0&\" class=\"__youtube_prefs__  no-lazyload\" title=\"Â鶹´«Ã½breaks ground on RISE entrepreneurship, student housing facility\"  allow=\"fullscreen; accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen data-no-lazy=\"1\" data-skipgform_ajax_framebjll=\"\"><\/iframe><\/div><\/div><\/figure><\/div>\n<p>The <a href=\"https:\/\/manoa.hawaii.edu\/\">University of <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span> at M\u0101noa<\/a> broke ground Thursday, January 13 on the Residences for Innovative Student Entrepreneurs (<abbr>RISE<\/abbr>), an innovation and entrepreneurship center\/student housing facility on the site of the former Atherton <abbr title=\"Young Men's Christian Assocation\">YMCA<\/abbr> across University Avenue from <abbr title=\"University of Hawaii\">UH<\/abbr>\u2019s flagship campus.<\/p>\n<p>Scheduled to be completed in 2023, the $70 million live-learn-work facility will have 7,263 square feet of multi-purpose co-working, meeting, lab and classroom space, as well as 374 student housing beds for undergraduate and graduate students from across the <abbr>UH<\/abbr> System.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2021\/11\/manoa-shidler-pace-rise-asb-rooftop-300x169.jpg\" alt=\"building rendering\" width=\"300\" height=\"169\" class=\"alignright size-medium wp-image-151438\" srcset=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2021\/11\/manoa-shidler-pace-rise-asb-rooftop-300x169.jpg 300w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2021\/11\/manoa-shidler-pace-rise-asb-rooftop-130x73.jpg 130w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2021\/11\/manoa-shidler-pace-rise-asb-rooftop.jpg 676w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><abbr>RISE<\/abbr> is being built under a public-private partnership between <abbr>UH<\/abbr>, <abbr>UH<\/abbr> Foundation and Hunt Companies. Moss is the general contractor on the project, The Wilhelm Group is the construction manager and Design Partners <abbr title=\"Incorporated\">Inc<\/abbr>. is the lead architect.<\/p>\n<p>&ldquo;It has taken extraordinary leadership and commitment on the part of all of the key partners to collaborate in new ways so we can begin construction of the university&#8217;s first major new construction <abbr title=\"Public Private Partnership\">P3<\/abbr> project,&rdquo; said <abbr>UH<\/abbr> President <strong>David Lassner<\/strong>. &ldquo;The outpouring of support from our community validates our shared vision to build this innovative facility that will help us nurture the next generation of student entrepreneurs, who will help transform <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span>&#8216;s economy.&rdquo;<\/p>\n<p>The <a href=\"https:\/\/pace.shidler.hawaii.edu\/\">Pacific Asian Center for Entrepreneurship<\/a>, located in <abbr>UH<\/abbr> M\u0101noa\u2019s <a href=\"https:\/\/shidler.hawaii.edu\/\">Shidler College of Business<\/a>, will operate the entrepreneurship program at <abbr>RISE<\/abbr>, while <abbr>B.HOM<\/abbr> Student Living, which manages 28,000 beds at 24 universities in the U.S., will manage the day-to-day operations of the student housing facility.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2021\/11\/manoa-shidler-pace-rise-hei-entry-way-300x169.jpg\" alt=\"rendering of building\" width=\"300\" height=\"169\" class=\"alignright size-medium wp-image-151435\" srcset=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2021\/11\/manoa-shidler-pace-rise-hei-entry-way-300x169.jpg 300w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2021\/11\/manoa-shidler-pace-rise-hei-entry-way-130x73.jpg 130w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2021\/11\/manoa-shidler-pace-rise-hei-entry-way.jpg 676w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&ldquo;We are thrilled to be a partner in this bold new vision of economic diversification, supporting and building a pipeline for new ventures through an entrepreneurial ecosystem that\u2019s accessible to all majors, at all campuses, across <abbr>UH<\/abbr>,&rdquo; said <strong>Vance Roley<\/strong>, dean of the Shidler College of Business. &ldquo;We are extremely grateful for the long-standing support of the business community, donors, alumni and friends who have led the way and helped us lay a solid foundation for entrepreneurship education at <abbr>UH<\/abbr>. We could not be here today without their support.&rdquo;<\/p>\n<p><abbr>UH<\/abbr> Foundation purchased the one-acre property on University Avenue in 2017 for $8 million. To date, $2 million has been raised from individuals, corporate and foundation donors, including Walter <abbr>A<\/abbr>. Dods <abbr title=\"Junior\">Jr<\/abbr>., Rich and Eileen Wacker, American Savings Bank, First Hawaiian Bank Foundation, Hawaiian Electric and Island Insurance Foundation. The funds will be used for the <abbr>RISE<\/abbr> center\u2019s furnishings, fixtures and equipment along with operational programs and student scholarships over the first 10 years.<\/p>\n<p><span class=\"blocklink\">Read more about the <a href=\"https:\/\/www.hawaii.edu\/news\/tag\/rise\/\"><abbr>UH<\/abbr> M\u0101noa <abbr>RISE<\/abbr> center.<\/a> <br \/>To apply, visit the <a href=\"http:\/\/rise.hawaii.edu\">RISE website<\/a>.<\/span><\/p>\n<p>&ldquo;It is gratifying to see this important milestone happen after five years of thoughtful planning,&rdquo; said <strong>Tim Dolan<\/strong>, <abbr title=\"Chief Executive Officer\">CEO<\/abbr> of <abbr>UH<\/abbr> Foundation and <abbr title=\"Vice President\">VP<\/abbr> of advancement at <abbr>UH<\/abbr>. &ldquo;The donors\u2019 generosity and hard work of our partners to make <abbr>UH<\/abbr>\u2019s first <abbr>P3<\/abbr> a reality is inspiring. Mahalo to everyone who has worked to get us to this day.&rdquo;<\/p>\n<p>The $70 million construction cost is being funded primarily by tax-exempt bonds, which will be repaid with student housing fees. No taxpayer funds will be used for the project.<\/p>\n<p>&ldquo;Our team is honored to play a role in the development of <abbr>RISE<\/abbr>, which has established a model for <abbr>P3<\/abbr> projects in the state of <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span>,&rdquo; said Steve Col&#243;n, president of Hunt&#8217;s <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span> Development Division. &ldquo;This <abbr>P3<\/abbr> will deliver a first-of-its-kind project that is absolutely unique in <span aria-label=\"Hawaii\">Â鶹´«Ã½<\/span>. We look forward to future students at <abbr>RISE<\/abbr> helping transform the state\u2019s economy because of their experiences in this innovative new center.&rdquo;<\/p>\n<p>Demolition of the existing Mary Atherton Richards House at the corner of University and Seaview avenues was completed in November 2021, and interior demolition of the historic Charles Atherton House followed.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2022\/01\/manoa-shidler-pace-rise-groundbreaking-ceremony.jpg\" alt=\"several people turning dirt with wooden poles\" width=\"676\" height=\"381\" class=\"alignleft size-full wp-image-154259\" srcset=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2022\/01\/manoa-shidler-pace-rise-groundbreaking-ceremony.jpg 676w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2022\/01\/manoa-shidler-pace-rise-groundbreaking-ceremony-300x169.jpg 300w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2022\/01\/manoa-shidler-pace-rise-groundbreaking-ceremony-130x73.jpg 130w\" sizes=\"auto, (max-width: 676px) 100vw, 676px\" \/><\/p>\n<p>This project is an example of <abbr>UH<\/abbr> M\u0101noa\u2019s goal of <a href=\"https:\/\/manoa.hawaii.edu\/wp\/wp-content\/uploads\/2020\/12\/manoa-2025-strategic-plan.pdf#page=20\">Enhancing Student Success<\/a> (<span class=\"small-text\"><abbr title=\"Portable Document Format\">PDF<\/abbr><\/span>) and <a href=\"https:\/\/manoa.hawaii.edu\/wp\/wp-content\/uploads\/2020\/12\/manoa-2025-strategic-plan.pdf#page=25\">Excellence in Research: Advancing the Research and Creative Work Enterprise<\/a> (<span class=\"small-text\"><abbr title=\"Portable Document Format\">PDF<\/abbr><\/span>), two of four goals identified in the <a href=\"https:\/\/manoa.hawaii.edu\/wp\/wp-content\/uploads\/2020\/12\/manoa-2025-strategic-plan.pdf\">2015&#8211;25 Â鶹´«Ã½<\/a> (<span class=\"small-text\"><abbr title=\"Portable Document Format\">PDF<\/abbr><\/span>), updated in December 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><abbr>RISE<\/abbr> is being built under a public-private partnership between <abbr>UH<\/abbr>, <abbr>UH<\/abbr> Foundation and Hunt Companies.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,12],"tags":[734,1466,1363,425,1593,146,9,56],"class_list":["post-154228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academic-news","category-video","tag-entrepreneurship","tag-manoa-enhancing-student-success","tag-manoa-research","tag-pacific-asian-center-for-entrepreneurship","tag-rise","tag-shidler-college-of-business","tag-uh-manoa","tag-video-2","entry","has-media"],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/154228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/comments?post=154228"}],"version-history":[{"count":12,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/154228\/revisions"}],"predecessor-version":[{"id":180826,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/154228\/revisions\/180826"}],"wp:attachment":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/media?parent=154228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/categories?post=154228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/tags?post=154228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}