The Hawaii Community Development Authority has announced that they will be making their decision about whether or not they will give approval for developers Howard Hughes and MK Vida LLC to build a total of three new condominium towers in Kakaako by November 25, 2014. The significance of this date is that when the new governor takes office on December 1, 2014, four of the nine board members of the HCDA could be replaced by new appointees. This might delay approval, as the new board members would have to be brought up to date on the entire development process. Real estate experts believe that the plans for the three new towers will be approved in their entirety in November.
Source: Honolulu Star Advertiser, 10-28-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
