An environmental impact statement has been completed by TRG IMP LLC, the developer of a new $300 million retail complex in Waikiki. The proposal would be to demolish the International Market Place, the Waikiki Town Center and the Miramar Hotel and create a three-story complex with approximately 355,000 sq ft of leasable retail space. If the state approves the environmental impact statement, TRG IMP will begin filing for the necessary permits to begin demolition and construction.
According to the environmental impact statement, “The project is intended to become a world-class retail, entertainment and dining destination infused with Hawaiian culture which meets the demands of today’s urban resort destination visitor and renews the appeal of (the International Market Place) to local residents.” During construction, 2,435 jobs would be created or supported, and once the center has been built, 2,590 jobs would be available.
Source: Honolulu Star Advertiser, 7-29-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
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