{"id":1004068108,"date":"2013-03-03T20:52:45","date_gmt":"2013-03-04T04:52:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=106047"},"modified":"2020-05-19T00:37:00","modified_gmt":"2020-05-19T08:37:00","slug":"central-y-property-redevelopment-brings-condominiums-smaller-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/central-y-property-redevelopment-brings-condominiums-smaller-facility\/","title":{"rendered":"Central Y Property Redevelopment Brings Condominiums, Smaller Facility"},"content":{"rendered":"<p><em><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/401-Atkinson-Drive-Honolulu.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-106064\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/401-Atkinson-Drive-Honolulu.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>By Adriana Pop, Associate Editor <\/em><\/p>\n<p>San Francisco-based MB Property Acquisitions L.L.C. is planning a new 150-unit condominium high-rise at the site of the current YMCA of Honolulu facility, as well as a smaller adjacent building that would better suit the needs of the nonprofit organization.<\/p>\n<p>According to the <a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2013\/02\/19\/ymca-of-honolulu-moving-forward-with.html\" rel=\"nofollow\"><em>Pacific Business News<\/em><\/a>, the developer has asked the Department of Planning and Permitting to approve a zoning change that would allow for the development of a high-density apartment mixed-use tower with a height limit of 350 feet. The area\u2019s current limit is only 150 feet.<\/p>\n<p>Last year, MB Property Acquisitions purchased approximately 1.5 acres of the YMCA\u2019s nearly 1.8-acre lot across from Ala Moana Center for an undisclosed amount. The non-profit is using the proceeds from the sale to fund the construction of its new building on the remaining land. Plans call for a three-story, 30,000-square-foot facility that will include a health-and-fitness center, a swimming pool, locker rooms and a youth center that will offer preschool, after-school and summer child care.<\/p>\n<p>In order to clear the way for the new developments, the 60-year-old building at 401 Atkinson Drive will be demolished. Architects Hawaii Ltd. will design the project; Hawaiian Dredging Construction Co. will build it and Prudential Locations L.L.C. will market the condominiums. Construction is expected to be complete by 2016.<\/p>\n<p>In regional news, Concierge Auctions has announced that a designer furnished a 1.33-acre estate in the Hualalai Resort on the Big Island that will sell at a live auction on March 18<sup>th<\/sup>. The sale will be conducted in cooperation with Hawaii Life Real Estate Brokers.<\/p>\n<p>Known as &#8220;Hale Ku Mana,&#8221; or &#8220;House of Spiritual Healing,&#8221; the 10,056-square-foot custom home includes five bedrooms, four of which have ocean views, and five-and-a-half indoor\/outdoor bathrooms. The property also boasts a gourmet chef&#8217;s kitchen, a butler&#8217;s kitchen with a separate entrance, a garden with native rare Hawaiian plants and privacy walls, six ponds, an outdoor grill and a stone-tiled saltwater pool with unrivaled views of the ocean and the island of Maui.<\/p>\n<p><em>https:\/\/www.buildingsearch.com\/HI\/honolulu\/Land-Listings\/401-Atkinson-Drive<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Francisco-based MB Property Acquisitions LLC is planning a new 150-unit condominium high-rise at the site of the current YMCA of Honolulu facilities, as well as a smaller adjacent building that would better suit the needs of the nonprofit organization.<br \/>\nAccording to the Pacific Business News, the developer has asked the Department of Planning and Permitting to approve a zoning change that would allow for the development of a high-density apartment mixed-use tower with a height limit of 350 feet. The area&rsquo;s current limit is only 150 feet.<\/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-1004068108","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>Central Y Property Redevelopment Brings Condominiums, Smaller Facility - 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\/central-y-property-redevelopment-brings-condominiums-smaller-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Y Property Redevelopment Brings Condominiums, Smaller Facility\" \/>\n<meta property=\"og:description\" content=\"San Francisco-based MB Property Acquisitions LLC is planning a new 150-unit condominium high-rise at the site of the current YMCA of Honolulu facilities, as well as a smaller adjacent building that would better suit the needs of the nonprofit organization.  According to the Pacific Business News, the developer has asked the Department of Planning and Permitting to approve a zoning change that would allow for the development of a high-density apartment mixed-use tower with a height limit of 350 feet. The area&rsquo;s current limit is only 150 feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/central-y-property-redevelopment-brings-condominiums-smaller-facility\/\" \/>\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=\"2013-03-04T04:52:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T08:37:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/401-Atkinson-Drive-Honolulu.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\\\/central-y-property-redevelopment-brings-condominiums-smaller-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/central-y-property-redevelopment-brings-condominiums-smaller-facility\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Central Y Property Redevelopment Brings Condominiums, Smaller Facility\",\"datePublished\":\"2013-03-04T04:52:45+00:00\",\"dateModified\":\"2020-05-19T08:37:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/central-y-property-redevelopment-brings-condominiums-smaller-facility\\\/\"},\"wordCount\":357,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/central-y-property-redevelopment-brings-condominiums-smaller-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/02\\\/401-Atkinson-Drive-Honolulu.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Honolulu\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/central-y-property-redevelopment-brings-condominiums-smaller-facility\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/central-y-property-redevelopment-brings-condominiums-smaller-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/central-y-property-redevelopment-brings-condominiums-smaller-facility\\\/\",\"name\":\"Central Y Property Redevelopment Brings Condominiums, Smaller Facility - 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