Approval Given for The Collection and SALT

The Hawaii Community Development Authority has given their approval for two new projects in Kakaako: The Collection and SALT.  The Collection is being developed by Alexander & Baldwin and will feature a total of 467 condominium units.  A total of 397 units will be located in a 43-story tower, while 54 will be built in a four-story low rise.  There will also be 16 three-story townhouses in the complex.  The Collection is located on the corner of Ala Moana Blvd and South Street, where the old CompUSA store was once located.  The Collection is expected to be completed in December 2016.

The SALT project will convert several old buildings into a hip and trendy retail complex.  Located just one block Diamond Head of The Collection, SALT will be bordered by Ala Moana Blvd, Coral Street, Keawe Street and Auahi Street.  The project will have between 35 and 50 retail and restaurant tenants and a 267-stall parking garage.  Kamehameha Schools has the legal right to develop a high-rise condominium above the SALT site, but has stated that they have no immediate plans to do so.

Kamehameha Schools has stated that they hope to build three additional luxury condominium towers on Ala Moana Blvd, on the three blocks Diamond Head of the SALT retail project. There are also plans to build a moderate-priced tower with 600 units on the mountain side of Waterfront towers at 555 South Street. However, detailed plans for these four new towers have not been submitted to the Hawaii Community Development Authority as of yet.

Source: Honolulu Star Advertiser, 8-8-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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