The King's Village Shopping Center was purchased last year by a local development partnership between BlackSand Capital LLC, Kobayashi Group and The MacNaughton Group. Located on the corner of Kailani Avenue and Koa Avenue, the retail complex is currently a low rise building that features approximately 35 shops and restaurants. However, according to the city zoning, the property does allow for buildings up to 240 feet tall. As a result, the development partnership is proposing to tear down the existing King's Village Shopping Center and build a new luxury condominium hotel in its place.
While the development group has not released any additional information about the type of building that would be created, they did state that they are working with the Oahu Island Burial Council to do an archaeological survey of the land. This would be the first step to finding out if there are any Hawaiian burials in the area and an important factor in planning the footprint of any new development.
Source: Honolulu Star Advertiser, 12-12-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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