Last year, Hawaii Pacific University took control of the Aloha Tower Marketplace shopping center and stated at that time that they would be working to improve the first-floor retail component of the property and add student housing on the second floor. However, under a modified proposal, it now appears that HPU will be taking over a significant part of the first floor space for their own facilities and offices. This would include adding a library, a computer lab, housing office, fitness center, pool hall, graduate center, classrooms and an admissions and welcoming center to the first floor.
One item that was previously proposed, but is no longer being considered, was the building of an indoor sports and entertainment complex at Pier 10. The plan was to build a facility that would seat between 1,000 and 2,000 fans, and be the home court for the school's basketball and volleyball programs, as well as concerts, performances and other community events. However, the University has decided that the site would be too small for such an undertaking and could not be expanded further.
There is some concern from the public that the school has significantly changed their proposal and would not be able to provide much revenue to the state, who owns the land under the marketplace. The Aloha Tower Development Corp, the state agency that manages the state-owned land under the marketplace, would have to approve any proposed changes by Hawaii Pacific University.
Source: Honolulu Star Advertiser, 10-9-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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