Developer MW Group has announced that they have purchased the vacant lot located at 1812 Kalakaua Avenue from PBS Hawaii for a total of $3.5 million. The MW Group plans to build an assisted-living facility for seniors, tentatively named Plaza @ Waikiki, on the 28,761 sq ft property. The Plaza @ Waikiki will be the fifth Plaza Assisted Living community on Oahu. MW Group plans to start construction of the facility in April 2014 and hopes to have the project completed by late 2015.
Source: Honolulu Star Advertiser, 12-7-2013, 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
