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Saturday, November 10, 2012

Redevelopment Plan for Waikiki Boat Harbor Approved


The State of Hawaii’s Department of Land and Natural Resources has given their approval to Honey Bee USA to redevelop a section of  the Ala Wai Small Boat Harbor in Waikiki.  The project, which is tentatively named Waikiki Landing, will cost approximately $20 million and would add two wedding chapels, several restaurants, retail and office spaces, a boat repair facility and a fuel dock next to the Hawaii Prince Hotel. Honey Bee representatives hope that construction could begin as early as January 2013 and be completed by August of the same year.
Not all the harbor’s tenants are happy with this proposal.  Les Parsons, a current small boat tenant, commented, "To be blunt:  Wedding chapels are neither needed or wanted here.  A  truly competent and responsible state boating regulatory agency would never have approved such a nonsensical scheme as has been proffered by a foreign-owned developer.”  Honey Bee responded by stating that adding two wedding chapels and the commercial spaces were needed to subsidize the boat repair and fuel docks.  Honey Bee officials stated, ”A marine supply store does not have the sufficient ‘critical mass’ to be profitable, as demonstrated by the failure of Ala Wai Marine.”
Source: Honolulu Star Advertiser, 11-10-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
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