{"id":1004087460,"date":"2013-10-21T19:29:02","date_gmt":"2013-10-22T03:29:02","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=201024"},"modified":"2020-04-01T06:39:48","modified_gmt":"2020-04-01T14:39:48","slug":"city-council-green-lights-central-y-property-redevelopment-downtown","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/city-council-green-lights-central-y-property-redevelopment-downtown\/","title":{"rendered":"City Council Green-Lights Central Y Property Redevelopment Downtown"},"content":{"rendered":"<p><!--[if gte mso 9]><xml><br \/>\n<o:OfficeDocumentSettings><br \/>\n<o:AllowPNG\/><br \/>\n<\/o:OfficeDocumentSettings><br \/>\n<\/xml><![endif]--><\/p>\n<p><!--[if gte mso 9]><xml><br \/>\n<w:WordDocument><br \/>\n<w:View>Normal<\/w:View><br \/>\n<w:Zoom>0<\/w:Zoom><br \/>\n<w:TrackMoves\/><br \/>\n<w:TrackFormatting\/><br \/>\n<w:HyphenationZone>21<\/w:HyphenationZone><br \/>\n<w:PunctuationKerning\/><br 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Name=\"Book Title\"\/><br \/>\n<w:LsdException Locked=\"false\" Priority=\"37\" Name=\"Bibliography\"\/><br \/>\n<w:LsdException Locked=\"false\" Priority=\"39\" QFormat=\"true\" Name=\"TOC Heading\"\/><br \/>\n<\/w:LatentStyles><br \/>\n<\/xml><![endif]--><!--[if gte mso 10]><\/p>\n\n\n\n\n<style>\n \/* Style Definitions *\/\n table.MsoNormalTable\n\t{mso-style-name:\"Table Normal\";\n\tmso-tstyle-rowband-size:0;\n\tmso-tstyle-colband-size:0;\n\tmso-style-noshow:yes;\n\tmso-style-priority:99;\n\tmso-style-parent:\"\";\n\tmso-padding-alt:0cm 5.4pt 0cm 5.4pt;\n\tmso-para-margin-top:0cm;\n\tmso-para-margin-right:0cm;\n\tmso-para-margin-bottom:10.0pt;\n\tmso-para-margin-left:0cm;\n\tline-height:115%;\n\tmso-pagination:widow-orphan;\n\tfont-size:11.0pt;\n\tfont-family:\"Calibri\",\"sans-serif\";\n\tmso-ascii-font-family:Calibri;\n\tmso-ascii-theme-font:minor-latin;\n\tmso-hansi-font-family:Calibri;\n\tmso-hansi-theme-font:minor-latin;\n\tmso-fareast-language:EN-US;}\n<\/style>\n\n\n\n\n<p><![endif]--><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\"><a lang=\"EN-US\" href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/10\/401-Atkinson-Drive-Honolulu.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-201039\" title=\"401-Atkinson-Drive-Honolulu\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/10\/401-Atkinson-Drive-Honolulu.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a><\/span><\/em><\/p>\n<p><em>By Adriana Pop, Associate Editor <\/em><\/p>\n<p>Plans for the redevelopment of the current YMCA of Honolulu facility are moving forward.<\/p>\n<p>According to the <a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2013\/10\/11\/ymca-of-honolulu-moving-forward-with.html\" target=\"_blank\" rel=\"nofollow\"><em>Pacific Business News<\/em><\/a>, the Honolulu City Council has approved a zoning change that would allow San Francisco-based developer MB Property Acquisitions L.L.C. to build the 128-unit \u201cAloha Kai\u201d condominium high-rise at the site. Plans also call for a smaller adjacent Y building that would offer 30,000 square feet of space across three floors.<\/p>\n<p>YMCA of Honolulu president &amp; CEO Michael Broderick told the newspaper that the new facility would feature a swimming pool and an aqua facility that would cater particularly to seniors.<\/p>\n<p>\u201cPart of the Y will be focused on catering to seniors because that\u2019s the trend, and we will continue to take care of our youths with a youth center,\u201d Broderick told the newspaper.<\/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.<\/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. The old structure is expected to come down by the fall of 2014 and the new Y is scheduled to open after 18 to 24 months. Architects Hawaii Ltd. will design the project; Hawaiian Dredging Construction Co. will build it, while Prudential Locations L.L.C. will market the condominiums.<\/p>\n<p>In other news, the <em><a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2013\/10\/10\/pacific-office-properties-puts.html\" target=\"_blank\" rel=\"nofollow\">Pacific Business News<\/a><\/em> reports that the Clifford Center office building in downtown Honolulu is back on the market.<\/p>\n<p>In February, the approximately 72,000-square-foot property was in the process of being acquired by A&amp;B Properties, the real estate arm of Alexander &amp; Baldwin Inc., for $11.2 million. The company canceled the transaction in April.<\/p>\n<p>Honolulu\u2019s Sofos Realty Corp. and global service provider Cushman &amp; Wakefield are currently marketing the 10-story building, which is about 70 percent leased.<\/p>\n<p><em>Photo credits: www.buildingsearch.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plans for the redevelopment of the current YMCA of Honolulu facility are moving forward.<\/p>\n","protected":false},"author":260,"featured_media":1004506124,"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-1004087460","post","type-post","status-publish","format-standard","has-post-thumbnail","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) - 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