While Walmart representatives have not officially announced that they will be taking over the location of the closed Macy’s Store in downtown Honolulu, all indications point in that direction. A building permit was issued to renovate the space, any while a tenant was not named in the permit, plans indicated that the new store would include, “numerous merchandise racks, several grocery isles, a pharmacy, a photo lab, a jewelry counter, an electronics department, a money center and a McDonald’s McCafe. Furthermore, the plans were drawn up by Raymond Harris & Associates, a Texas based architectural firm that has had a long relationship with Walmart. The city estimates the value of the renovation work for the building permit at $6 million.
The former Macy’s has approximately 85,000 sq ft of retail space spread out on two floors. There is also a five-story parking garage above the store. Hawaii retail analyst Stephany Sofos stated that Walmart would do very well in downtown Honolulu. Sofos added, “It has a bit of everything for every consumer whatever socioeconomic level you’re on. You can buy everything you need.”
Source: Honolulu Star Advertiser, 3-28-2013, 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
