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Tiki Central / General Tiki / Tiki is dying fast in Waikiki - International Market

Post #277879 by christiki295 on Tue, Jan 9, 2007 11:27 PM

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On 2007-01-09 22:10, TikiPhil wrote:
Here are some articles from the Honolulu Star Bulletin concerning the IMP renovation.

According to the most recent article, the Queen Emma Foundation, the landowner, is merely waiting until 2010, when 14 additional acres come on line and a large, hotel village and mall can be created:

In 2010, the leases expire on about half the other 14 acres," Hastert said. Included are the Miramar Hotel next door to the center on Kuhio and land across Kuhio that houses a restaurant and the Food Pantry store. Some other properties coming back to the foundation in 2010 are of "fairly significant sizes" and there are many opportunities for profitable redevelopment, Hastert said.

One of the properties that reverts to Queen Emma when its lease runs out in 2010 is the Ohana Waikiki West hotel at 2330 Kuhio, near the Market Place, according to Mel Kaneshige, Outrigger Enterprises Inc. senior vice president and chief operating officer.

Kaneshige said the Queen Emma Foundation is right when it says the garden-like complex will enhance the value of the foundation's other holdings in the area.

"It could be sort of like the Hilton Hawaiian Village," where hotel towers surround gardens and retailing, Kaneshige said. In this case, it could be Queen Emma-owned hotel towers surrounding the trees and gardens and low-rise entertainment and dining of the new International Market Place, Kaneshige said."