Search This Blog

Showing posts with label Jeff Stone. Show all posts
Showing posts with label Jeff Stone. Show all posts

Tuesday, December 30, 2014

Ihilani Resort to Stay Open Until April 5

Developer Jeff Stone has announced that the JW Marriott Ihilani Ko Olina Resort and Spa will be staying open until April 5, 2015, three months longer than initially anticipated.  The resort will be undergoing a complete remodel and will be re branded as a Four Seasons resort.  Stone commented, "We want to preserve as many jobs as possible. The decision was made based on the need to keep people working when you can. Hawaii's running over 95 percent occupancy in Honolulu. We have a lot of events. One of our biggest issues is we have Disney (next door). You start tearing up the front, putting in pools, making a lot of ruckus, it will definitely alter the vacation for a lot of people. We don't want to do anything that will damage Disney's reputation."

The hotel is expected to be closed for about a year while it undergoes the first phase of the $500 million renovation.

Source: Honolulu Star Advertiser, 12-30-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Wednesday, October 15, 2014

Ihilani Resort Will Probably Be Converted into a Condominium

While developer Jeff Stone has not officially announced what he plans to do with the JW Marriott Ihilani hotel at Ko Olina Resort & Marina, a condominium registration report has been filed by one of Stone's subsidiary companies  with the Hawaii Real Estate Commission.  The report states that the 387-room hotel will be converted into 206 residential resort units and the sales of the units will be managed by the Ko Olina Realty LLC, a brokerage firm affiliated with Jeff Stone.  Additional work may be completed to the Ihilani, including demolishing part of the banquet pavilion to build a new residential tower or towers. It is generally believed that the Four Seasons will take over as the management company for the Ihilani once it finishes its condominium conversion process, through, neither Jeff Stone nor the Four Seasons has confirmed that.  However, in the designs provided in the condominium registration report, it does specifically list drawings that state "new exclusive Four Seasons entrance" would be located along the Ihilani's entry road.

No price range for the units have been mentioned, though industry experts believe that they will be similar to those of the Ritz Carlton Waikiki Project, which ranged from $568,800 for a studio to $20 million for a penthouse unit.  The report did note that the majority of the units would be studios ranging from 428 sq ft to 929 sq ft in size.  There will also be 12 one-bedroom suites, and a presidential suite that will have 2,948 sq ft of living space.

Source: Honolulu Star Advertiser, 10-15-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Thursday, August 14, 2014

Ko Olina Resort's Ihilani Hotel to Close Next Year - May Convert to Four Seasons

Jeff Stone, the developer for Ko Olina, has announced that the JW Marriott Ihilani hotel will be closing next year and the property will be converted to another luxury hotel, probably under the Four Seasons Name.  According to Stone, the property will be closed throughout 2015 and will reopen under "one of the top luxury resort brands in the world."  The 387-room Ihilani hotel was completed in 1999 and is still considered to be one of the top hotels in Hawaii, despite the fact that it is beginning to show its age.  Stone added, "I am deeply humbled by your support of our development plans throughout the years. We are confident this project will solidify West Oahu's recognition as a premier global resort location for future generations to enjoy and for your families to prosper."

Source: Honolulu Star Advertiser, 8-14-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Tuesday, March 12, 2013

City Suspends Building Permits for Jeff Stone’s Development in Aina Haina


Jeff Stone, a local real estate developer in Hawaii, had previously received all of the necessary permits from the City and County of Honolulu to build two single-family homes in Aina Hiana. However, after several state officials noted that there may be a historical or cultural site on the development, the city has temporarily suspended these permits.
Chairman of the Board of Land and Natural Resources, William Aila, had requested the city order that work be stopped at the project site until developer Jeff Stone completes an archaeological survey as requested by the State Historic Preservation Division. Aila wrote in an open letter, “The permit was not sent to SHPD prior to the issuance thus putting the division in the difficult position of having no opportunity to request an AIS (archaeological inventory survey) be conducted before the project started. Had SHPD been afforded an opportunity to review the permit, the city could have required that an AIS be done as a permit condition, avoiding the difficult situation we are now in.”
According to George Atta, the director designate of the city Department of Planning and Permitting, the property in Aina Haina was not flagged by State Historic Preservation Division and that no records were found in the Planning Department’s files of historic sites of cultural significance on the property.
Source: Honolulu Star Advertiser, 3-13-2013, 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

Monday, March 4, 2013

Jeff Stone Project Maybe Halted Until Archaeological Survey Completed


Local developer Jeff Stone had planned to build two single-family homes at 1055 and 1057 Hao Street in the Aina Haina neighborhood. The Honolulu City Planning and Permitting Department has stated that the developer has met all requirements for obtaining building and grading permits. However, the Office of Hawaiian Affairs and the Aina Haina Community Association are now requesting that all development be halted until an archaeological survey is completed of the area. The OHA and the AHCA believe that there may be some sacred cultural sites on the property that should not be disturbed.
Fabrizio Medosi from Pacific Atelier International LLC, the architectural firm hired by Stone, noted that only the State Historic Preservation Division can recommend that the developer conduct a survey. Medosi added that they will not halt construction and that, “The work we’re doing right now is all permitted.” Director designate of the Department of Planning and Permitting, George Atta, added, “The site hasn’t been officially inventoried in the past. It wasn’t mapped. While (the State Historic Preservation Department) does not have the authority to issue a stop work order since this is a city permit, it is the official agency regarding historic sites and its request would be a good enough basis for the city to issue a stop work order.”
Source: Honolulu Star Advertiser, 3-4-2013, 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

Wednesday, February 13, 2013

Developer Jeff Stone Plans to Build Two Homes in Aina Haina


Real estate developer Jeff Stone would like to construct two single family homes at 1055 and 1057 Hao Street in Aina Hiana on the island of Oahu. Each home will be two stories tall and the Planning Department has already issued building and grading permits for these two houses. However, members of the Aina Haina Community Association have raised a series of objections and concerns including fears that additional homes would be building on the 9.5 acres of land that Jeff Stone owns. Community Association members note that there are some soil concerns in the area and that building new homes may also nursery the neighborhood’s drainage system.
The City Planning Department believes that these objections are not enough to warrant a delay in the project. Acting planning director, Jiro Sumada, stated, “These permits are ministerial in nature. As long as they meet the requirements and codes for the city, we will issue a building permit. If there are any measures to be taken to minimize and eliminate any soil conditions, that will be taken care of by the on-site inspector.”
Source: Honolulu Star Advertiser, 2-13-2013, 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

Saturday, March 31, 2012

Jeff Stone to Sell Makaha Valley Country Club

Jeff Stone, a Hawaii developer, has announced that he plans to sell the Makaha Valley Country Club to Pacific Links Hawaii for an undisclosed purchase price.  This news is being met by mixed reaction from the community.  In 2010, Stone had stated that he was going to donate the same property to Kamehameha Schools and the state Department of Hawaiian Home Lands for education and affordable housing.  Jeff Stone was quoted on April 2010 as saying, “This is a pure gift to Kamehameha Schools and DHHL with no strings attached.  This will change the lives of future generations of this community.”  However, the contract was not legally binding and several months later, Stone told the Department of Hawaiian Home Lands and Kamehameha Schools that he was canceling his agreement.
Source: Honolulu Star Advertiser, 3-31-2012, 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