Quantcast

Monday, July 28, 2014         

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

International Market Place moves closer to redevelopment

By Star-Advertiser staff

POSTED:
LAST UPDATED: 11:54 a.m. HST, Nov 04, 2011


Queen Emma Land Co. filed today an environmental impact statement preparation notice — the next step in a long-awaited redevelopment of the International Market Place in Waikiki.

Revitalization plans of the aged retail bazaar include a 355,000-square-foot, open-air retail center on three levels. The project will be designed to incorporate historical, cultural and educational elements.

Queen Emma announced last year it had partnered with shopping center developer Taubman Centers and real estate finance firm CoastWood Capital Group LLC to explore the feasibility of redeveloping the site and the adjacent Waikiki Town Center fronting Kuhio Avenue. The area totals about 4.5 acres.

“Though we are still in the preliminary phases of determining the feasibility of redeveloping this iconic destination, we are excited to continue to move forward with this project,” said Stephen Kieras, senior vice president of development for Taubman, which last year said it would conduct a comprehensive evaluation of the feasibility of redeveloping the site before moving forward.

Nearly two years earlier, Queen Emma announced it would seek bids from developers to lease and redevelop most of its land in the area. Available property included the marketplace, the Waikiki Town Center, Perry's Smorgy restaurant, Food Pantry and the Miramar Hotel.







 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(0)
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
IN OTHER NEWS
Breaking News
Blogs
Bionic Reporter
Needing a new knee

Warrior Beat
Monday musings

Small Talk
Burning money

Political Radar
On policy

Warrior Beat
Apple fallout

Wassup Wit Dat!
Can You Spock ‘Em?

Warrior Beat
Meal plan