POSTED: 11:06 a.m. HST, Apr 09, 2013
LAST UPDATED: 01:28 a.m. HST, Apr 10, 2013
Honolulu developer Alexander & Baldwin Inc. unveiled plans Tuesday for redeveloping the former CompUSA store site in Kakaako, and the more than $200 million project will include 466 condominiums, retail and restaurants in one tower and a pair of low-rise buildings.
The project called The Collection still needs approval from the Hawaii Community Development Authority, so it is at least a year away from construction.
Condo unit sales are expected to begin this summer, with prices starting near $400,000 and going well above $700,000, A&B indicated.
A&B has an option to buy the site once occupied by CompUSA from Kamehameha Schools for an undisclosed price.
Kamehameha Schools has a master plan for nine blocks in the area approved for a mix of high-rise and low-rise development, and the A&B project represents the second major piece of redevelopment in that plan. The first piece was a mid-rise rental apartment building known as 680 Ala Moana that Kamehameha Schools converted from an old office building.