Korean developer plans 234-unit condo behind Hawaii’s Ala Moana Center

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Korean developer plans 234-unit condo behind Hawaii’s Ala Moana Center

The South Korean developer that purchased a 1.4-acre lot behind Ala Moana Center in Honolulu in 2007 told the Hawaii Community Development Authority that it plans to build a 234-unit condominium tower on the site that would integrate with the city’s planned rail station.

The Honolulu Star-Advertiser reports a consultant for SamKoo Development Co. Ltd. told the HCDA this week that the developer is offering the city a narrow piece of its property along Kona Street for the rail line and wold like to incorporate commercial and public space on the tower site at 1391 Kapiolani Blvd. to blend with the rail station, which will be the terminus of the 20-mile line that starts in Kapolei.

T he newspaper reports that within the next few months, SamKoo plans to submit a permit application under interim transit-oriented development rules pending before the Honolulu City Council.

The South Korean investors paid $26 million — or $417 per square foot, a record at that time— for the former Motor Supply Ltd. lot in 2007, but never built a planned luxury condo tower.

 

Staff Pacific Business News

Proposed Kakaako amusement park receives key state permit

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Aug 12, 2013, 2:20pm HST
Duane Shimogawa  |  Reporter- Pacific Business News

The developer of a $10 million Kakaako amusement park that will feature a go-cart track, miniature golf course, wave pool, indoor skydiving, skate park, rock climbing wall and several carnival amusement rides has received a key special management area permit from the state.

Alii International Services LLC is headed by Hawaii entrepreneur and extreme sports enthusiast Billy Balding, who has done work as a marine film coordinator and business consultant. He is calling the Kakaako Adventure Park “an urban adventure thrill-tainment and edu-tainment attraction in Kakaako.”

Kakaako_masterplan-largeThe park, which aims to create 30 jobs, is planned on three acres owned by Kamehameha Schools along Ala Moana Boulevard at 222 Ahui St.

In addition to Balding, the project involves James Owen, former president of Discover Hawaii Tours.

Neither Balding nor Owen could be reached for comment.

Anthony Ching, executive director of the Hawaii Community Development Authority, which is charged with developing Kakaako among other areas, told PBN that Alii International Services has already received its development permit and is in the process of negotiating a lease with Kamehameha Schools.

Stanford Carr’s Kakaako condo project would add 600 residential units, commercial space

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Jul 23, 2013, 7:01am HST
Duane Shimogawa  |  Reporter- Pacific Business News

Stanford Carr Development is planning to build a mixed-use high-rise residential project in Kakaako that would include 600 residential units, including townhomes, live-work units, rental apartments and ground floor commercial space.

It will be located in an empty parking lot along South Street, adjacent to Carr’s Halekauwila rental development and bounded by Halekauwila and Pohukaina streets as well as South and Keawe streets.

This map shows the location of Stanford Carr Development's planned 600-unit mixed-use project in Kakaako.

This map shows the location of Stanford Carr Development’s planned 600-unit mixed-use project in Kakaako.

The project involves landowner Kamehameha Schools and the Hawaii Community Development Authority, the state agency charged with overseeing development in areas such as Kakaako.

A Honolulu Authority for Rapid Transportation rail transit station is located right near this planned development but Carr declined comment on the prospects of it being a part of the new residential project.

“We’re trying to integrate everything,” Carr told PBN. “We challenged ourselves to go before agencies and say, ‘let’s collaborate.’”

PBN first reported this planned development, which will most likely include a neighborhood grocery store as one of its ground-floor commercial components.

Carr told PBN that the project is expected to include a total of 600 units, with 400 units for sale and 200 rental units.

Gov. Neil Abercrombie, Paul Kay, director of real estate development for Kamehameha Schools, and Carr are expected to make an official announcement regarding the project on Friday.

The development is part of Kamehameha Schools’ “Our Kakaako” master plan, which includes 29 acres on nine city blocks, seven residential towers that include 2,750 units and 300,000 square feet of commercial space.

Search properties for sale at KakaakoProperties.com