{"id":1004113462,"date":"2015-02-15T22:17:42","date_gmt":"2015-02-16T06:17:42","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=325621"},"modified":"2020-04-28T00:38:34","modified_gmt":"2020-04-28T08:38:34","slug":"developers-unveil-scaled-back-version-of-kings-village-redevelopment-in-waikiki","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/developers-unveil-scaled-back-version-of-kings-village-redevelopment-in-waikiki\/","title":{"rendered":"Developers Unveil Scaled-Back Version of King\u2019s Village Redevelopment in Waikiki"},"content":{"rendered":"<p><em>By Adriana Pop, Associate Editor <\/em><\/p>\n<div id=\"attachment_325711\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Kings-Village-in-Waikiki-Honolulu.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-325711\" title=\"Kings-Village-in-Waikiki-Honolulu\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Kings-Village-in-Waikiki-Honolulu.jpg\" alt=\"\" width=\"300\" height=\"224\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Kings Village in Waikiki Honolulu<\/p>\n<\/div>\n<p>The local development partnership between BlackSand Capital, Kobayashi Group and The MacNaughton Group has revised its plans for the construction of a new mixed-use condo-hotel tower at King&#8217;s Village in Waikiki.<\/p>\n<p>According to the <em><a href=\"https:\/\/www.staradvertiser.com\/s?action=login&amp;f=y&amp;id=291620511&amp;id=291620511\" target=\"_blank\" rel=\"nofollow\">Honolulu Star-Advertiser<\/a><\/em>, the developers presented an updated version of the project to the Waikiki Neighborhood Board earlier this month. Plans now call for a reduction of the building\u2019s unit count from 256 to 248 luxury condominiums. The new design also removes a 240-foot wing in an attempt to preserve more of the neighborhood&#8217;s ocean and mountain views.<\/p>\n<p>If approved, the new 350-foot, 33-story high-rise, which exceeds Waikiki\u2019s current limit of 240 feet, would also feature a parking deck, a retail and office portion, and a small park. The development is slated to replace the King\u2019s Village shopping center, which will be demolished, along with Prince Edward Apartments and Hale Waikiki. Black Sand purchased the property in 2012 for $41.3 million.<\/p>\n<p>In exchange for exceeding the area\u2019s height and density requirements, the development team has agreed to contribute more than $1 million in community spending, including $500,000 for Waikiki beach replenishment, support for the area\u2019s homeless community, and other public benefits.<\/p>\n<p>When it was first presented and approved by the board last spring, the project met with very little resistance. This time, however, nearby residents have expressed their opposition to the plan. Some were concerned about the fact that the upcoming tower would block most of the views for owners in the Waikiki Skytower, while others said that construction guidelines &#8220;were put in place for the good of all Waikiki.&#8221;<\/p>\n<p>Nearby projects that have also exceeded Waikiki\u2019s current height, density or setback limits include Trump Hotel Waikiki, which opened in 2009, and the two Ritz-Carlton Residences Waikiki towers currently under construction. Furthermore, Outrigger Enterprises Group is requesting<em> <\/em>an exemption for a new high-rise at the Outrigger Reef Hotel.<\/p>\n<p><em>Photo credit: www.tripadvisor.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The local development partnership between BlackSand Capital, Kobayashi Group and The MacNaughton Group has revised its plans for the construction of a new mixed-use condo-hotel tower at King&#8217;s Village in Waikiki.<\/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":[],"class_list":["post-1004113462","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Developers Unveil Scaled-Back Version of King\u2019s Village Redevelopment 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-unveil-scaled-back-version-of-kings-village-redevelopment-in-waikiki\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developers Unveil Scaled-Back Version of King\u2019s Village Redevelopment in Waikiki\" \/>\n<meta property=\"og:description\" content=\"The local development partnership between BlackSand Capital, Kobayashi Group and The MacNaughton Group has revised its plans for the construction of a new mixed-use condo-hotel tower at King&#039;s Village in Waikiki.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/developers-unveil-scaled-back-version-of-kings-village-redevelopment-in-waikiki\/\" \/>\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=\"2015-02-16T06:17:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T08:38:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Kings-Village-in-Waikiki-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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/developers-unveil-scaled-back-version-of-kings-village-redevelopment-in-waikiki\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/developers-unveil-scaled-back-version-of-kings-village-redevelopment-in-waikiki\/\",\"name\":\"Developers Unveil Scaled-Back Version of King\u2019s Village Redevelopment in Waikiki - 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She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. 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