State approves HPU’s plans for Aloha Tower Marketplace

By Andrew Gomes

POSTED: 01:30 a.m. HST, Jan 15, 2013

~~<p>Redevelopment work at Aloha Tower Marketplace may begin as early as this summer after a state agency gave its consent Monday for Hawaii Pacific University to lead a $32 million makeover of the retail center fronting Honolulu Harbor despite objections by a real estate developer who put the project together.</p>
<p>The Aloha Tower Development Corp., the state agency that owns the land under the marketplace, agreed to work with HPU as the developer of the unorthodox plan to add student housing and other university amenities to the struggling 165,000-square-foot open-air retail center that was built in 1994 but has been in bankruptcy twice.</p>
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Redevelopment work at Aloha Tower Marketplace may begin as early as this summer after a state agency gave its consent Monday for Hawaii Pacific University to lead a $32 million makeover of the retail center fronting Honolulu Harbor despite objections by a real estate developer who put the project together.

The Aloha Tower Development Corp., the state agency that owns the land under the marketplace, agreed to work with HPU as the developer of the unorthodox plan to add student housing and other university amenities to the struggling 165,000-square-foot open-air retail center that was built in 1994 but has been in bankruptcy twice. Login for more...