{"id":1004058099,"date":"2013-01-21T08:24:44","date_gmt":"2013-01-21T16:24:44","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=95689"},"modified":"2020-04-13T01:35:13","modified_gmt":"2020-04-13T09:35:13","slug":"state-agency-green-lights-student-housing-for-aloha-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/state-agency-green-lights-student-housing-for-aloha-tower\/","title":{"rendered":"State Agency Green-Lights Student Housing for Aloha Tower"},"content":{"rendered":"<p><em><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Aloha-Tower.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-95690\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Aloha-Tower.jpg\" alt=\"\" width=\"300\" height=\"209\" \/><\/a>By Adriana Pop, Associate Editor <\/em><\/p>\n<p>Hawaii Pacific University (HPU) has gained approval from the Aloha Tower Development Corp. (ATDC) to repurpose the Aloha Tower Marketplace in downtown Honolulu into a 300-unit student dormitory and multi-use complex.<\/p>\n<p>According to the <a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2013\/01\/14\/hawaii-pacific-university-gets-ok-for.html\" target=\"_blank\" rel=\"nofollow\"><em>Pacific Business News<\/em><\/a>, the $30 million project to create a 160,000-square-foot, two-story waterfront marketplace would put student housing on the upper floor, with retail, dining and entertainment options on the first floor.<\/p>\n<p>\u201cWe\u2019re delighted with the actions taken today by ATDC and excited about our ability to move forward with a project that we believe has tremendous implications for the university, for our downtown merchants and community, and for all of Honolulu,\u201d said HPU President Geoffrey Bannister on the occasion of the announcement.<\/p>\n<p>The university now plans to pursue permits and seek bond financing. Demolition and renovation could begin later this year, with completion scheduled for the fall of 2014.<\/p>\n<p>The Aloha Tower Marketplace sits on state-owned land. Last year, the property was purchased by Ed Bushor, the founder of eRealty Fund, through an entity called Hawaii Lifestyle Retail Properties. AREA Property Partners sold the marketplace for $14 million. Through the entity, HPU now owns 80 percent of the project, while Bushor owns the other 20 percent.<\/p>\n<p>In other news, the Hilton Hawaiian Village Waikiki Beach Resort has completed a seven-month, $25.5 million refurbishment of its beachfront Alii Tower. The renovation included upgrades to the property\u2019s 322 guest rooms, a reconfiguration of its 12 suites and lobby, as well as new bathrooms and corridors.<\/p>\n<p>Hilton Hawaii Area Vice President Jerry Gibson told the <em><a href=\"https:\/\/www.bizjournals.com\/pacific\/blog\/2013\/01\/hilton-hawaiian-village-in-waikiki.html\" target=\"_blank\" rel=\"nofollow\">Pacific Business News<\/a><\/em> that the new design maintains the Alii Tower\u2019s tradition of grandeur, while also creating a vibrant, modern look. Ann Matsunami, partner at Pacific Asia Design Group in Honolulu, along with Jonathan Staub of Philpotts &amp; Associates were the project\u2019s designers.<\/p>\n<p><em>Photo credits: www.alohatower.com <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hawaii Pacific University (HPU) has gained approval from the Aloha Tower Development Corporation (ATDC) to repurpose the Aloha Tower Marketplace in downtown Honolulu into a 300-unit student dormitory and multi-use complex. According to the Pacific Business News, the $30 million project for the 160,000-square-foot, two-story waterfront marketplace would bring student housing on the upper floor, along with retail, dining and entertainment options on the first floor. &ldquo;We&rsquo;re delighted with the actions taken today by ATDC and excited about our ability to move forward with a project that we believe has tremendous implications for the university, for our downtown merchants and community and for all of Honolulu,&rdquo; said HPU President Geoffrey Bannister on the occasion of the announcement.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[1815],"class_list":["post-1004058099","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>State Agency Green-Lights Student Housing for Aloha Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/state-agency-green-lights-student-housing-for-aloha-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State Agency Green-Lights Student Housing for Aloha Tower\" \/>\n<meta property=\"og:description\" content=\"The Hawaii Pacific University (HPU) has gained approval from the Aloha Tower Development Corporation (ATDC) to repurpose the Aloha Tower Marketplace in downtown Honolulu into a 300-unit student dormitory and multi-use complex. According to the Pacific Business News, the $30 million project for the 160,000-square-foot, two-story waterfront marketplace would bring student housing on the upper floor, along with retail, dining and entertainment options on the first floor. &ldquo;We&rsquo;re delighted with the actions taken today by ATDC and excited about our ability to move forward with a project that we believe has tremendous implications for the university, for our downtown merchants and community and for all of Honolulu,&rdquo; said HPU President Geoffrey Bannister on the occasion of the announcement.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/state-agency-green-lights-student-housing-for-aloha-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-21T16:24:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-13T09:35:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Aloha-Tower.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-agency-green-lights-student-housing-for-aloha-tower\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-agency-green-lights-student-housing-for-aloha-tower\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"State Agency Green-Lights Student Housing for Aloha Tower\",\"datePublished\":\"2013-01-21T16:24:44+00:00\",\"dateModified\":\"2020-04-13T09:35:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-agency-green-lights-student-housing-for-aloha-tower\\\/\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-agency-green-lights-student-housing-for-aloha-tower\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/01\\\/Aloha-Tower.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Honolulu\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-agency-green-lights-student-housing-for-aloha-tower\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-agency-green-lights-student-housing-for-aloha-tower\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-agency-green-lights-student-housing-for-aloha-tower\\\/\",\"name\":\"State Agency Green-Lights Student Housing for Aloha Tower - 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