Another update:
Construction to turn former Niketown building into hotel could start in 2018
Apr 10, 2017, 6:42am HST
Duane Shimogawa
Reporter
Pacific Business News
A rendering of how the King Kalakaua Plaza building that used to house Niketown
Image: Courtesy Robertson Properties Group
Construction could begin next year on a Los Angeles developer’s $85 million plan to redevelop a long-vacant building in Waikiki that used to house retail tenants such as Niketown and Banana Republic into a 230-room hotel, Pacific Business News has learned.
PBN broke the news about the major redevelopment project, which will resemble an extended-stay inn, is expected to be completed in the second quarter of 2020.
Robertson Properties Group, which is owned by Decurion Corp., revealed more details regarding the project in a recently released draft environmental assessment for the project, including that it could start construction in the first quarter of 2018.
It will not have any condominiums but will offer 15,000 square feet of retail space on the ground floor.
Hotel operations will be managed by an “established hotel operator” and the hotel will service business and local travelers. Renovations of the four-story King Kalakaua Plaza building may include the addition of up to three floors. The new floors would be built in a “U” shaped configuration with a pool and pool deck area on the fourth floor facing Kalakaua Avenue.
Ground-floor retail uses may include a coffee shop or cafe fronting Kalakaua Avenue with additional ground-floor retail space available for other retail uses.
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A partial rendering of the proposed 300 foot residential tower named Ililani in Kaka'ako
Source: Honolulu Star Advertiser