A 32-story, 220-unit condo-hotel in Waikiki is one step away from getting approval to exceed the city’s building height limit by more than 100 feet.

A final vote by the City Council is scheduled for April 20. The Council Zoning and Planning Committee signed off Thursday on a permit granting developers Kobayashi Group and McNaughton Group concessions to the Land Use Ordinance, including one to increase the building height and another to reduce the open space on the ground floor.

The project would be allowed a maximum height of 350 feet, which is more than the 240-foot limit now in place for the site but the same as two nearby Hyatt Regency Waikiki towers.

Before granting the approval, the Zoning and Planning Committee heard testimony, most of which was in support of the project that would replace the King’s Village shopping complex and two adjoining Waikiki towers. Many described it as an important part of efforts to revitalize an aging resort destination. A few opponents said they were concerned about overdevelopment, loss of view planes and the possibility that the condo-hotel would not create as many jobs as a traditional hotel.

Councilman Trevor Ozawa, who represents the district, said the project, dubbed 133 Kaiulani, is one of less than a handful of new projects being developed in the state’s premier resort destination over the last 20 to 30 years.

“A majority of our properties in Waikiki haven’t seen any meaningful investment over the last 50 or 60 years,” Ozawa said.

King’s Village, formerly King’s Alley, took shape in 1972, while the nearby Prince Edward Apartments opened in 1958 and Hale Waikiki was built in 1955, said Kathy Inouye, Kobayashi’s chief operating officer.

In addition to condo-hotel offerings, the project is slated to include retailers, restaurants and a spa. Paul Kosasa, ABC Stores president, said his company plans to open a country market on the ground floor of 133 Kaiulani.

In addition, the developers have agreed to pay a share of the cost to convert Kaiulani Avenue to a two-way street from Koa to Kalakaua avenues, and to create a pedestrian plaza along Kaiulani and a park on the northeast side of the site on Prince Edward Street.

The developers are contributing $1 million to a community benefits package to fund various community programs. Last week Ozawa suggested $900,000 should go toward a hygiene center or urban rest stop to address homelessness in Waikiki, but he withdrew his proposal at Thursday’s meeting.

Waikiki resident Denise Boisvert said the city should negotiate for $5 million in community benefits that would go toward displaced King’s Village businesses and residents whose lives will be disrupted by the new condo-hotel, as well as a cultural museum to honor the area’s heritage as Princess Kaiulani’s onetime estate.

Ben Sadowski, an official with the hotel workers union Unite Here Local 5, questioned the propriety of developing a condo-hotel that he believes has the potential to employ significantly fewer workers than a traditional hotel.