Hawaii Pacific University has announced that they are currently in negotiations with Hawaii Lifestyle Retail Properties, LLC who owns the Aloha Tower Marketplace and may one day soon house approximately 250 students in lofts built over the shops and restaurants. In recent years, the Aloha Tower Marketplace has been struggling financially and has been exploring new opportunities to generate revnue. Hawaii Pacific University currently has no student housing for its downtown campus.
President of Hawaii Pacific University, Geoffrey Bannister, stated, “Hawaii Pacific University is extremely interested in the proposed redevelopment of the Aloha Tower Marketplace. It would be an ideal opportunity to strengthen our downtown presence, provide students with an optimal living-learning environment, and create the kind of urban campus experience that will be essential to the university’s future.”
Source: Honolulu Star Advertiser, 2-22-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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