PACREP LLC, the developer for the new Ritz-Carlton condominium-hotel in Waikiki, is requesting a height exemption from the Honolulu City Council Zoning and Planning Committee. Currently, the height restriction is 300 feet for the Waikiki Special Design District. However, PACREP would like to build a 37-story building at 350 feet tall. The 3.5 acre property is located at 2121 Kuhio Avenue on the site of the Old Waikiki Market. PACREP is expected to spend $275 million to develop the property which will have a total of 351 units inside.
Source: Honolulu Star Advertiser, 1-24-2013, 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
