The Hawaii Community Development Authority, a state agency responsible for the redevelopment of the Kakaako Neighborhood, has given developer Alexander & Baldwin approval to build The Collection high-rise condominium on the site of the former CompUSA store on Ala Moana Blvd. However, residents and owners in the neighboring One Waterfront Towers have filed a lawsuit against The Collection and HCDA and are stating that the land is reserved primarily for commercial use and a new tower should not be allowed. Alexander & Baldwin's senior vice president, Rick Stack, commented the One Waterfront residents are misinterpreting HCDA rules or are citing rules that do not apply. Stack stated, "We believe our project and the minor variances approved by the HCDA board comply completely with the applicable HCDA rules and regulations." The HDCA spokesperson stated that they will not make any comments on the lawsuit until their legal council has had an opportunity to review it.
Source: Honolulu Star Advertiser, 9-10-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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