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Monday, April 30, 2012

Symphony Tower Developer Request Exemption

Oliver McMillan, the developer of the new Symphony Tower, which will be located on the corner of Kapiolani Blvd and Ward Avenue, is requesting an exemption regarding the direction of where the building would face.  Under the current state rule, the long side of the tower must be parallel to Ward Avenue with a maximum of 20 degrees of deviation to reduce the impact of mountain and ocean views for other properties surrounding the site.  This requirement was set in place for the dense high-rise developments of Kakaako to protect view channels.  The appeal is being made to the Hawaii Community Development Authority, and a variance is being requested for the $380 million luxury condominium project.
One concerned resident, Michelle Matson, stated her opinion against the developer and noted, ”When you crack the door open to variances that are counter to public policies and regulations, how many more times do you go through that before policies and regulations mean nothing?  These developers always seem to contrive reasons to run counter to policies and benefit their own interests. They should reduce the size of their project.”
Source: Honolulu Star Advertiser, 4-30-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
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