Two Japanese wedding companies, Goodluck Corp, and Take and Give Needs Company, have both submitted proposals to lease state land fronting Kewalo Basin Harbor in Kakaako. The land in question was previously occupied by McWayne Marine Supply, but is currently vacant. The two companies are seeking a 25-year lease and would build a 25,000 sq ft venue complete with a restaurant and bar. The Hawaii Community Development Authority, who owns the Kewalo Basin Harbor, has agreed to allow their staff to negotiate terms for a potential lease. Final approval would not be given until a more detailed presentation is given by the two companies. A public hearing, environmental review and community consultation would also need to be completed by all interested parties.
There is actually quite a bit of precedence for these types of projects. Honey Bee USA Inc., another Japanese wedding company, is under contract with the state Department of Land and Natural Resources to build a $20 million wedding facility at the Ala Wai Small Boat Harbor. In 2012, the Hawaii Community Development Authority agreed to the building of 53 By The Sea, a $16 million wedding venue with a restaurant and bar on the site of the old John Dominis Restaurant near the entrance of Kewalo Basin Harbor.
Source: Honolulu Star Advertiser, 8-22-2013, 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
