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Pacrep to Revise Design for Ritz-Carlton Hotel Condo in Waikiki

Pacrep to Revise Design for Ritz-Carlton Hotel Condo in Waikiki

The Honolulu Department of Planning and Permitting has granted conditional approval to the proposed $275 million Ritz-Carlton condominium hotel project in Waikiki. The Pacific Business News reports that California developer Pacrep LLC will need to revise the design of the 37-story tower known as 2121 Kuhio, in order to reduce…

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Plans Move Forward for $72M Mixed-Use Project on Maui

Plans Move Forward for $72M Mixed-Use Project on Maui

The Maui Planning Commission has recently approved the final environmental assessment for a $72 million mixed-use development in Kihei, one of the island’s most populated communities. According to the Maui News, Krausz Companies Inc. will not need to conduct an environmental impact statement for the 250,000 square-foot Downtown Kihei project.…

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Howard Hughes Expects $66M Profit from ONE Ala Moana Condominium

Howard Hughes Expects $66M Profit from ONE Ala Moana Condominium

In a letter to shareholders, Howard Hughes Corp. CEO David Weinreb has announced that the ONE Ala Moana ultra-luxury condominium tower in downtown Honolulu is expected to generate a total profit of $66 million. The Dallas-based company is building the new high-rise in partnership with local developers Kobayashi Group and…

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Robertson Properties Group’s Mixed-Use Development Under Review

Robertson Properties Group’s Mixed-Use Development Under Review

The Honolulu Department of Planning and Permitting is currently reviewing Robertson Properties Group’s plans for a $767 million, 1,500-home mixed-use project in Aiea. Called “Live, Work, Play Aiea,” the project will be developed on the site of the former Kamehameha Drive-in property across from Pearlridge Center. It will also include…

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Central Y Property Redevelopment Brings Condominiums, Smaller Facility

Central Y Property Redevelopment Brings Condominiums, Smaller Facility

San Francisco-based MB Property Acquisitions LLC is planning a new 150-unit condominium high-rise at the site of the current YMCA of Honolulu facilities, as well as a smaller adjacent building that would better suit the needs of the nonprofit organization. According to the Pacific Business News, the developer has asked…

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Bank of Hawaii Waikiki Center Changes Owners

Bank of Hawaii Waikiki Center Changes Owners

Shoei USA Inc. has acquired the Bank of Hawaii Waikiki Center from Honolulu-based Pacific Office Properties Trust Inc. and its Mainland partner. According to the Pacific Business News, NAI ChaneyBrooks represented the buyer in the transaction. Financial terms of the deal were not disclosed. Located at 2155 Kalakaua Avenue near…

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Planned 459-Key Condo-Hotel in Waikiki Gains Preliminary Approval

Planned 459-Key Condo-Hotel in Waikiki Gains Preliminary Approval

The Honolulu City Council has approved a height variance for the proposed $275 million Ritz-Carlton condominium hotel project in Waikiki. According to KHON, the 350-foot tower planned for a vacant 1.4-acre parcel at the corner of Kuhio Avenue and Kalaimoku Street will exceed the site’s standard limit by 50 feet.…

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Plans for the Future of Hawaii’s Pineapple Island Unveiled

Plans for the Future of Hawaii’s Pineapple Island Unveiled

Oracle Corp. CEO Larry Ellison is planning to revitalize Lanai’s hospitality industry by upgrading its existing properties and by adding a third luxury hotel. According to the Pacific Business News, the island's billionaire owner also intends to expand the 1.5-megawatt La Ola solar farm, invest in desalination technology and improve…

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A&B Properties Acquires West Oahu Shopping Mall for $29.8M

A&B Properties Acquires West Oahu Shopping Mall for $29.8M

A&B Properties Inc., the real estate subsidiary of Honolulu-based Alexander & Baldwin, has acquired the 170,275 square-foot Waianae Mall in Leeward Oahu from TNP Strategic Retail Trust Inc. The $29.8 million purchase price included the assumption of a $19.7 million mortgage, at a 5.4 percent interest rate. "The Waianae Mall…

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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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