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State Agency Green-Lights Student Housing for Aloha Tower

State Agency Green-Lights Student Housing for Aloha Tower

The Hawaii Pacific University (HPU) has gained approval from the Aloha Tower Development Corporation (ATDC) to repurpose the Aloha Tower Marketplace in downtown Honolulu into a 300-unit student dormitory and multi-use complex. According to the Pacific Business News, the $30 million project for the 160,000-square-foot, two-story waterfront marketplace would bring…

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Alexander & Baldwin Completes Construction of Hawaii’s Largest Solar Farm

Alexander & Baldwin Completes Construction of Hawaii’s Largest Solar Farm

Alexander & Baldwin, Inc. (A&B) and Kauai Island Utility Cooperative (KIUC) have recently announced the completion of Hawaii's largest photovoltaic energy plant. The 6-megawatt solar farm is located on Kauai’s sunny south shore, on a 20-acre parcel of land owned by A&B nearby KIUC's Port Allen Station power plant. Electricity…

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Forest City Hawaii to Develop 690 Pohukaina Mixed-Use Project in Honolulu

Forest City Hawaii to Develop 690 Pohukaina Mixed-Use Project in Honolulu

Forest City Hawaii has been selected by the Hawaii Community Development Authority (HCDA) to develop the $500 million “690 Pohukaina” mixed –use project in Honolulu's Kakaako neighborhood. According to the Pacific Business News, the developer has proposed the construction of 800 workforce rental housing units on the state owned parcel…

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State Agency Green-Lights $200M Condo Project in Downtown Honolulu

State Agency Green-Lights $200M Condo Project in Downtown Honolulu

The Hawaii Community Development Authority has unanimously approved the construction of a $200 million condominium skyscraper on the site of the former Honolulu Advertiser building. The 46-story tower proposed at 801 South St. will be the first high-rise condo project in Kakaako in which all of its 635 units are…

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Waihonua at Kewalo High-Rise Receives Financing

Waihonua at Kewalo High-Rise Receives Financing

Alexander & Baldwin has announced that a portion of the $206 million cost of the planned Waihonua condominium high-rise in Honolulu will be financed through a $120 million construction loan from First Hawaiian Bank, Wells Fargo Bank, Bank of Hawaii and Central Pacific Bank. Alexander & Baldwin's subsidiary Waimanu…

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Sheraton Hotels & Resorts Completes $230M Renovation of Hawaiian Properties

Sheraton Hotels & Resorts Completes $230M Renovation of Hawaiian Properties

Starwood Hotels & Resorts Worldwide Inc. has announced the completion of an approximately $230 million renovation of four of its Sheraton properties in Hawaii. The multi-year revitalization project included the $188 million renewal of the Sheraton Waikiki resort on Oahu. The 31-floor hotel features 1,636 renovated rooms, new landscaping and…

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First Residents Moving into Kamehameha Schools’ Kakaako Development

First Residents Moving into Kamehameha Schools’ Kakaako Development

Kamehameha Schools’ Six Eighty apartment project in Honolulu recently welcomed its first residents. The newly renovated building is located at 680 Ala Moana Blvd. in Kakaako and offers 54 loft-style units affordably priced for median-income workers. On the ground floor, the project also includes 8,600 square feet of commercial space.…

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Ala Moana Center Redevelopment to Begin in Early 2013; New Residences Coming to Lahaina

Ala Moana Center Redevelopment to Begin in Early 2013; New Residences Coming to Lahaina

The $543 million redevelopment of the Ala Moana Center in Honolulu is expected to start early next year, the Pacific Business News reports. The completion date has been set for late 2015, General Growth Properties Inc. said in a filing with the U.S. Securities and Exchange Commission. The Chicago-based company…

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Luxury Condominium High-Rise Coming to Honolulu

Luxury Condominium High-Rise Coming to Honolulu

HHMK Development, LLC, comprised of landowner and developer The Howard Hughes Corporation and a joint venture of Honolulu development firms, The MacNaughton Group and Kobayashi Group, are developing a luxury residential tower above the existing Nordstrom parking structure at Ala Moana Center in downtown Honolulu. Called ONE Ala Moana, the…

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Developer Plans Large Mixed-Use Community in Downtown Kihei on Maui

Developer Plans Large Mixed-Use Community in Downtown Kihei on Maui

The Krausz Cos. is planning a 320,000-square-foot sustainable, mixed-use project in the city of Kihei, one of Maui's most populated communities. According to the Pacific Business News, the proposed Downtown Kihei project calls for a village square; more than 200,000 square feet of office, medical office, retail and restaurant space;…

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TNP Strategic Retail Trust Sells Waianae Mall, Acquires Lahaina Gateway

TNP Strategic Retail Trust Sells Waianae Mall, Acquires Lahaina Gateway

TNP Strategic Retail Trust Inc. of Irvine, Calif., has entered into an agreement to sell the Waianae Mall Shopping Center in Leeward Oahu to an unnamed buyer. The company acquired the property in June 2010 for $25.7 million. Built in 1981, the retail center comprises 11 buildings totaling 170,275 rentable square…

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Honolulu Officials Approve Leasehold Sale of City-Owned Affordable Housing

Honolulu Officials Approve Leasehold Sale of City-Owned Affordable Housing

The Honolulu City Council has approved Mayor Peter Carlisle’s plan to sell the city's 12 leasehold affordable rental complexes situated in various parts of Oahu to a private entity for $142 million. Called Honolulu Affordable Housing Partners L.L.C., the corporation comprises Highland Property Development L.L.C. of Arcadia, Calif.; Richard Gushman…

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