Rendering revealed for Waikiki King’s Village redevelopment

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Artist rendering of the condominium-hotel project to be built at King's Village in Waikiki, Courtesy Kusao & Kurahashi

Artist rendering of the condominium-hotel project to be built at King’s Village in Waikiki, Courtesy Kusao & Kurahashi

A partnership between Honolulu-based BlackSand Capital, Kobayashi Group and The MacNaughton Group. have released a rendering of the proposed redevelopment of the King’s Village behind the Hyatt Regency Waikiki Beach Resort into a mixed-use condominium-hotel project in Waikiki.

Keith Kurahashi of Kusao & Kurahashi Inc. presented an update and informational briefing to the Waikiki Neighborhood Board on Tuesday. Kurahashi said the project has adhered to Waikiki Special District Rules, and the 350-foot, 33-story condominium tower’s unit count has dropped from 256 units to 248 units.

Kurahashi first presented the plans before the board in April 2014. The King’s Village, Prince Edward apartments and Hale Waikiki will be demolished for the project. The Honolulu Star-Advertiser reports neighbors at Tuesday’s meeting said they would oppose the plan.

The partnership paid $41.25 million to acquire the King’s Village shopping complex from Oregon-based Elda Investments LLC in 2012.

Jason Ubay Reporter – Pacific Business News

Honolulu City Council will consider rezoning for D.R. Horton’s West Oahu Hoopili development

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D.R. Horton – Schuler Division’s rezoning request for its 11,750-home Hoopili master-planned community in West Oahu is expected to go before the Honolulu City Council on Feb. 18, a council member’s senior adviser confirmed to PBN.

D.R. Horton will ask to have the land rezoned from agricultural to urban. The state Land Use Commission already has approved the zoning change.

Ikaika Anderson, chair of the Council’s Zoning and Planning Committee, is expected to ask Council Chairman Ernie Martin to include the Hoopili project on the Feb. 18 agenda, said Gail Myers, senior adviser to Anderson.

“We anticipate that he will,” she said in an email to PBN. “Providing that the bill passes first reading, it will be referred to the Committee on Zoning and Planning. The Council agenda posts on Feb. 12, at which time we will be certain that Bill 3 appears on that agenda.”

D.R. Horton hopes to begin construction in 2016.

This week, PBN first reported that Honolulu firms The MacNaughton Group, Kobayashi Group and BlackSand Capital are under contract to buy 33 acres of land near Hoopili, which could become a retail center. The companies are well-known developers of retail and residential projects in Hawaii.

Duane Shimogawa Reporter – Pacific Business News