Alexander & Baldwin Inc. has announced that they are planning to build another high rise condominium tower in Kakaako. The property will be located at 604 Ala Moana Blvd, Honolulu, HI 96813, on the site where the now closed CompUSA megastore is located. The land is currently owned by Kamehameha Schools schools, but an Alexander & Baldwin subsidiary has purchased an option to buy the land for an undisclosed price. As of this writing, no time table has been set as to when construction or predevelopment sales would occur.
Paul Kay, Kamehameha School’s Director of Commercial Development, stated, “Kamehameha has long envisioned a 21st-century neighborhood that brings excitement and comfortable living in an urban setting. For our master plan vision to be realized, we need a proven community developer, and A&B Properties is the perfect choice.” An executive Vice President for Alexander & Baldwin, Mike Wright, added, “We’re very pleased to be working with Kamehameha Schools and being part of their vision for Kakaako.”
Source: Honolulu Star Advertiser, 2-4-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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