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Wednesday, November 21, 2012

Forest City Enterprises and Lend Lease Willing to Build 400 Foot Towers Instead of 650 Foot Tower

The Hawaii Community Development Authority had originally hoped to construct a 650 foot tower in Kakaako at 690 Pohukaina Street and had solicited bids by both Forest City Enterprises and Lend Lease to come up with designs.  The concept of creating extra tall mega towers was championed by Hawaii Governor Neil Abercrombie, who felt that it would benefit the city’s urban design and allow developers to deliver affordable housing to Hawaii’s population.  However, the thought of building a tower 250 taller then the current tallest building has generated a lot of public outcry.  As a result, both Forest City Enterprise and Lend Lease have public stated that they would be willing to build towers at 400 feet, is that is decided by the Hawaii Community Development Authority.
Forest City commented that they have three proposals submitted and have no preference on which one is selected.  The first would be to build one 650 foot tower.  The second would be to create a 560 foot tower and a 400 foot tower.  The third plan would be to build two towers at 400 feet each.  Lend Lease has proposed building two towers, with one being 400 feet tall and the second, if approval is given, being 650 feet tall.  However, they could easily reduce the height if the second tower to 400 feet.
Source: Honolulu Star Advertiser, 11-21-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
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