Developer Peter Savio has announced that he will be taking the Newtown Square office complex in Aiea and converting it into a condominium for medical professionals. Savio purchased the property from Kamehameha Schools for $15 million and will spend approximately $30 million on renovations as well as building a new 300 stall parking garage. According to Savio, 80 to 90 percent of the units have already been committed to doctors, dentists and other medical professionals who wish to own their own office space. The building will be renamed the Mary Savio Medical Plaza at Newtown, after the developer’s late mother.
Source: Honolulu Star Advertiser, 8-4-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
