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Thursday, November 7, 2013

803 Waimanu Update - Residents in Imperial Plaza Still Not Satisfied

The developer of the 803 Waimanu building, Franco Mola of MJF Development Corp, had recently revised his plans for the building in an effort to comply with height and spacing rules and to appease opposition from residents in the Imperial Plaza condominium.  Originally, Mola had proposed that 803 Waimanu would be a 27-story building with 192 units, which would have significantly blocked views of Imperial Plaza.  In his most recent proposal, Mola had reduced the height of the building to 7-stories with 153 residential units.  However, during a round of public testimony, it is clear that the neighbors are still not satisfied.

Residents of the Imperial Plaza are still concerned that 803 Waimanu would create significant strains on the city's sewage systems and storm drains. There is also concern about the additional vehicular traffic that 803 Waimanu would create.  The Hawaii Community Development Authority, which is the state agency responsible for regulating the redevelopment of the Kakaako neighborhood, has scheduled two additional public comment sessions on November 16th and November 19th.  The HCDA is scheduled to meet on January 8, 2014 and will make a decision about if the project will be allowed to proceed.

Source: Honolulu Star Advertiser, 11-7-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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