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Tuesday, November 27, 2012

North Shore Real Estate – Turtle Bay Resorts Hopes to Start New Construction in 2014

Turtle Bay Resorts has announced that they have finished filing a supplemental environmental impact statement with the city and hopes that they will now receive approval to start several new construction projects in 2014.  The plan is to add two new hotels with a total of 625 rooms and an additional 750 new residences to the 880-acre property on the North Shore of Oahu.  The project would cost approximately $770 million and take about 10 years to complete.  Resort officials stated that their environmental study produced no real surprises and felt confident that everything would eventually be approved by the city.
However, many North Shore residents are concerned that this expansion would significantly increase traffic and reduce the “country feel” of the North Shore.  The public will have several weeks to review the documents and make comments.  The owner of the Turtle Bay Resort would then have to respond to those comments and include those responses in his final supplemental Environmental Impact Survey for the city’s review.
Source: Honolulu Star Advertiser, 11-27-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
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