{"id":1004094560,"date":"2014-04-13T22:28:00","date_gmt":"2014-04-14T06:28:00","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=253855"},"modified":"2020-04-27T23:22:50","modified_gmt":"2020-04-28T07:22:50","slug":"developers-plan-condo-hotel-tower-at-kings-village-in-waikiki","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/developers-plan-condo-hotel-tower-at-kings-village-in-waikiki\/","title":{"rendered":"Developers Plan Condo-Hotel Tower at King\u2019s Village in Waikiki"},"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 \/>\n<w:ValidateAgainstSchemas\/><br 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\/>\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 href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/King\u2019s-Village-in-Waikiki-Honolulu.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-253856\" title=\"King\u2019s Village in Waikiki, Honolulu\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/King\u2019s-Village-in-Waikiki-Honolulu.jpg\" alt=\"\" width=\"300\" height=\"224\" \/><\/a>By Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">A local development partnership between BlackSand Capital, Kobayashi Group and The MacNaughton Group is planning the construction of a new mixed-use high-rise in Waikiki, on a site currently occupied by the King&#8217;s Village retail complex. Black Sand purchased the property in 2012 for $41.25 million.<br \/>\n<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">According to the <a href=\"https:\/\/www.staradvertiser.com\/s?action=login&amp;f=y&amp;id=254694111&amp;id=254694111\" target=\"_blank\" rel=\"nofollow\"><em style=\"mso-bidi-font-style: normal;\">Star-Advertiser<\/em><\/a>, plans call for a multilevel building, with heights ranging from Waikiki\u2019s current limit of 240 to 350 feet. If approved, the project would bring a 256-unit condominium hotel, a parking deck, a retail and office center and a small park. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In order to clear the site for the new development, the King&#8217;s Village shopping center will be demolished, along with Prince Edward Apartments and Hale Waikiki. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In exchange for exceeding the area\u2019s height and density requirements, the developers have agreed to contribute more than $1 million in community spending, including $500,000 for Waikiki beach replenishment, support for the area\u2019s homeless community, operation of Waikiki public bathrooms after 10 p.m., construction of Americans with Disabilities Act improvements at Waikiki Community Center, and the development and maintenance of a &#8220;pocket park&#8221; on Prince Edward Street.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">An environmental assessment for the project will be filed in the coming months, Elton Wong, vice president of Kobayashi Group, told the newspaper.\u00a0 The developers expect to break ground by 2016,\u00a0 <\/span><span lang=\"EN-US\">once entitlements, design and permitting are in place.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In other news, the <a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2014\/04\/07\/the-plaza-assisted-living-breaks-ground-on-waikiki.html\" target=\"_blank\" rel=\"nofollow\"><em style=\"mso-bidi-font-style: normal;\">Pacific Business News<\/em><\/a> reports that construction has begun on The Plaza at Waikiki, a 152-unit seniors housing project at 1812 Kalakaua Ave. in downtown Honolulu.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Developed by The Plaza Assisted Living, the community will offer specialized levels of care from independent living to assisted living, memory care for residents with dementia and short-term services. Construction is scheduled for completion by the end of 2015. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">MW Group, the builder of the complex, is also the owner of the site, which it acquired for $3.5 million from PBS Hawaii.<\/span><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\">Photo credits: www.tripadvisor.com<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A local development partnership between BlackSand Capital LLC, Kobayashi Group and The MacNaughton Group is planning the construction of a new mixed-use high-rise in Waikiki, on a site currently occupied by the King&#8217;s Village retail complex. Black Sand Capital purchased the property in 2012 for $41.25 million.<\/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-1004094560","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>Developers Plan Condo-Hotel Tower at King\u2019s Village in Waikiki - 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\/developers-plan-condo-hotel-tower-at-kings-village-in-waikiki\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developers Plan Condo-Hotel Tower at King\u2019s Village in Waikiki\" \/>\n<meta property=\"og:description\" content=\"A local development partnership between BlackSand Capital LLC, Kobayashi Group and The MacNaughton Group is planning the construction of a new mixed-use high-rise in Waikiki, on a site currently occupied by the King&#039;s Village retail complex. 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