Waikiki
We begin with Waikiki, where the city Zoning Board of Appeals, voted to allow Kyo-ya Hotels and Resorts to redevelop part of the Moana Surfrider Hotel. If all goes as planned, this eight-story tower, will become a 26-story building.
In a statement, Kyo-ya said: "Today’s announcement reaffirms our belief that the redevelopment of the Diamond Head Tower is the right thing to do for the Waikiki community."
Four different groups were challenging the city’s approval in December 2010, but lost their appeal on Thursday.
"But I think it’s a great change, it’ll bring new tourists, new money, jobs and a big improvement to the way Waikiki looks," said David Moskowitz, who supports the new tower.
"Look at all these buildings around here. It’s great for us, I mean it’s great for the economy and everything, but you’re blocking the view of everybody," said Bill Pa, who opposes the new tower.
Kakaako
In Kakaako a Hawaii developer is reportedly planning to build two towers on the site of the old Honolulu Advertiser building. The sale of the property was just finalized for an undisclosed price. The plan could include up to 1,000 units.
"My understanding is they’re going to be building lower to middle-income housing which there is a tremendous need for this type of housing right now in today’s market," said Stephany Sofos, real estate analyst.
Aiea
In Aiea the company planning to transform the former Kamehameha Drive-In property, submitted its final environmental impact statement on Thursday. The project, known as Live, Work, Play Aiea, will provide 1,500 units in five towers and take 13 years to complete. Area residents worry the project will block views and worsen traffic. The final EIS better describes community benefits, including pedestrian and bike-oriented features.
"You’re taking some of the already derelict area and you’re upgrading it to a nicer area, you’re providing better housing and you’re doing a lot better for the community in general," Sofos said.
Construction on these projects might not start anytime soon. The decision made in the Moana Surfrider’s redevelopment will likely be appealed. And the city still needs to review and decide whether to accept the final EIS for the Aiea project.
See the original article at: KHON2 Developing Stories
