Developers are requesting approval from the Honolulu City Council and the Hawaii Community Development Authority to create a total of six new residential towers in Kakaako. Howard Hughes Corp is asking to build a total of four new towers; two which would replace most of the Ward Warehouse along Ala Moana Boulevard, one which would be west of the Ward Entertainment Center theater, and the final tower would be next to the recently announced Whole Foods, just north of the theater. Kamehameha Schools is working with local development firm The Kobayashi Group to build a 265-unit tower on a 3.5-acre site on Ala Moana Boulevard, currently occupied by Cutter Nissan. The final tower (6th) would be built by SamKoo Development Company and would be located at 1391 Kapiolani Blvd, next to Ala Moana Center. This tower would be right next to the Ala Moana rail station terminal.
Real estate experts believe that the reason why developers are pushing to secure approval to build so quickly is because this is an election year.
Source: Honolulu Star Advertiser, 5-29-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
