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Kauai’s Legendary Coco Palms Resort to Reopen Under Hyatt Umbrella in 2017

24 May 2014, 3:33 am







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By Adriana Pop, Associate Editor

Following an extensive reconstruction period scheduled to begin next year, the famed Coco Palms Resort on Kauai will reopen under the Hyatt Hotels brand in early 2017.

Chicago-based Hyatt Hotels Corp. recently announced it had entered into a management agreement with the owners of the 363-room property, Coco Palms Hui LLC. The entity is headed by Tyler Greene and Chad Waters of the Greene Waters Group at Bridge Real Estate in Honolulu.

Located in the Wailua area of southeastern Kauai, Coco Palms was once among the most sought after destination resorts in Hawaii. The property was shuttered in 1992, after having been severely damaged during Hurricane Iniki, which struck the Garden Isle in September of that year.

The hotel was built in 1953 and became world famous in 1961 with the on-property filming of the Elvis Presley movie “Blue Hawaii.”

The upcoming redevelopment project will involve the renovation of 331 guestrooms and 32 bungalows, multiple restaurants, lounges and swimming pools. Upon completion, the restored Coco Palms Resort will also feature a community center highlighting the cultural significance of the site that was once home to Kauai’s last reigning queen, Queen Deborah Kapule Kekaiha’akulou.

The guest experience will be enhanced by the original footprint of the property, which will be preserved; its signature lagoon; the adjacent Wailua Beach and River; one of the largest coconut groves in the state; and the amazing views of the Nounou Mountain, locally known as the Sleeping Giant.

“We are delighted that Coco Palms Hui LLC has chosen Hyatt to manage The Coco Palms Resort. Hyatt’s brand presence in our community with Grand Hyatt Kauai Resort & Spa is exemplary, and we look forward to Hyatt’s contributions as our community continues to grow in importance as a tourist destination,” Kauai Mayor Bernard Carvalho Jr. said in a prepared statement.

Hyatt Hotels has a history of more than 30 years in Hawaii. In addition to Grand Hyatt Kauai Resort and Spa, the company’s other properties in the state include Andaz Maui at Wailea Resort, Hyatt Regency Maui Resort & Spa, Hyatt Regency Waikiki Beach Resort and Spa and Hyatt Place Waikiki Beach.

Photo credit: Wikimedia Commons



Outrigger’s Oceanfront Resort in Waikiki to Undergo $100M Revitalization; Watt Advisors Completes Redevelopment of Maui’s First Outlet Center

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By Adriana Pop, Associate Editor

Outrigger Enterprises Group is planning to invest $100 million in the redevelopment of its Outrigger Reef on the Beach resort in Waikiki.

Plans call for the construction of a new 200-room hotel tower along Kalia Road, which is expected to create 100 new hotel jobs. The Honolulu-based company also intends to replace an existing five-story building along the shoreline with 34,000 square feet of open recreational space, including enhanced swimming pools, landscaped lounging areas and open-air dining facilities.

Construction on the project is expected to begin in 2017 and be complete by 2019.

“The quality of our hotel product, destination and service standards must continue to improve in order to keep pace with the evolving expectations of our guests. We’re now in the early planning stages of this much-needed revitalization and we’ll be working closely with state and city officials for proper approvals,” David Carey, president & CEO of Outrigger Enterprises Group, said in a news release.

In recent years, Outrigger has expanded into the Pacific, Southeast Asia and most recently the Indian Ocean, with the opening of its 46th property, Outrigger Mauritius Resort and Spa.

In regional news, Watt Advisors has completed a $28 million redevelopment of The Outlets of Maui, a 10-building, 147,000-square-foot oceanfront retail center in the heart of the historic Lahaina resort area, one of Maui’s most popular tourist destinations.

Spanning 12 acres, the property is currently 91 percent leased and will soon welcome new retailers. It is now Maui’s first outlet center and only the second one in all of Hawaii.

Based on strong demand from potential new tenants, Watt Advisors, a commercial investment arm of Santa Monica-based Watt Cos., plans to expand the property by another 50,000 square feet by the end of 2015.

“The redevelopment of The Outlets of Maui has created a great and productive use for the center while bringing new jobs and terrific new retailers to the region’s residents and visitors,” says Nadine Watt, the company’s president. “Our investment, combined with the new leases, has enhanced the value of this already fantastic waterfront location and positioned the outlet center for success in the decades to come.”

Photo credit: www.hotels.com



State Agency Approves Joint Development Permit for Two Mixed-Use Residential Projects in Kakaako

2 May 2014, 6:48 pm







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By Adriana Pop, Associate Editor

Two adjacent residential and commercial projects proposed by Hawaii developer Stanford Carr and Oregon-based Gerding Edlen in Kakaako have been approved by the Hawaii Community Development Authority, the Pacific Business News reports.   

Known as Keauhou Lane, the new developments will bring a total of 632 rental and for-sale housing units on a 4.2-acre block bordered by South, Halekauwila, Keawe and Pohukaina streets.

Stanford Carr’s project at 500 South St. will include a 400-foot tower with 388 one-, two- and three-bedroom residential units; a 42-foot mid-rise building with 35 two- and three-bedroom townhouses; 2,854 square feet of ground-floor commercial space; a 72-foot parking structure; 13,000 square feet of open space; and 31,400 square feet of recreation space.

Developed on behalf of landowner Kamehameha Schools, Gerding Edlen’s portion of the project will rise at 500 Keawe St. Plans calls for a 65-foot mid-rise building with 209 studio, one- and two-bedroom residential units; 39,145 square feet of ground-floor commercial space; four loading stalls; about 13,600 square feet of open space; and 11,500 square feet of recreation space.

Construction on both projects is scheduled to begin later this year and be complete in 2016.

Keauhou Lane is part of Kamehameha Schools’ “Our Kakaako” master plan, which currently includes three other developments: Six Eighty Ala Moana, A&B Properties’ The Collection and the Salt at Our Kakaako retail complex. Upon completion, the master plan will feature a total of seven residential towers on nine city blocks, offering a combined 2,750 residences and 300,000 square feet of commercial space.

In other news, the Pacific Business News reports that sales are underway for Rycroft Terrace, a 162-unit affordable housing complex developed by Peter Savio near Ala Moana Center in Kakaako.  

Priced between $123,480 and $274,990, the residences will first be available to applicants making 30 percent or less of the area median income. Sales will then continue for qualified buyers earning as much as 140 percent of the AMI, or $115,650 for a family of four.

Photo credit: www.ourkakaako.com

 



City Council Green-Lights Robertson Properties’$767M Mixed-Use TOD in Honolulu

19 Apr 2014, 5:01 am







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By Adriana Pop, Associate Editor

The Honolulu City Council has granted Robertson Properties Group final approval for the construction of its proposed $767 million, 1,500-home mixed-use development in Aiea.

Called “Live, Work, Play Aiea,” the project will be located across from Pearlridge Center, on the site of the former Kamehameha Drive-In property. Besides the development’s massive residential component, plans include about 143,000 square feet of retail and restaurant space, 80,000 square feet of office space, infrastructure improvements and possibly a hotel and senior living facility.

According to the Honolulu Star-Advertiser, council members have agreed to rezone the approximately 15-acre site of the project from community business district to community business mixed-use district, extending its height limit to 350 feet from the current 60 feet.

The bill allows the Los Angeles-based real estate developer to build five towers, three of which could rise as high as 350, 300 and 250 feet, while the height of the remaining two could reach about 150 feet.

Robertson Properties has also agreed to develop as much as 450 affordable housing units within the Pearlridge TOD area, or in the vicinity of other transit hubs along the city’s upcoming 20-mile rail project from Kapolei to Ala Moana.

The economic impact of “Live, Work, Play Aiea” is estimated at $2.4 billion. Construction is expected to begin this year and create approximately 1,000 jobs annually during a build-out period of about 13 years. Upon completion, the project will generate approximately 1,000 permanent jobs.

In other news, the Pacific Business News reports that Campbell Square, James Campbell Co.’s 132,048-square-foot office complex in Kapolei, has been awarded LEED Silver certification. It is the first property in Kapolei and the fourth of its kind in Hawaii to receive this designation from the U.S. Green Building Council.

Sustainable features include water conservation fixtures in lavatories and kitchens, the reuse and recycling of 75 percent of the property’s durable goods, as well as the use of environmentally friendly and safe cleaning products and materials for the property’s interior and exterior.

Photo credit: www.formpartners.com



Developers Plan Condo-Hotel Tower at King’s Village in Waikiki

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By Adriana Pop, Associate Editor

A local development partnership between BlackSand Capital, Kobayashi Group and The MacNaughton Group is planning the construction of a new mixed-use high-rise in Waikiki, on a site currently occupied by the King’s Village retail complex. Black Sand purchased the property in 2012 for $41.25 million.

According to the Star-Advertiser, plans call for a multilevel building, with heights ranging from Waikiki’s current limit of 240 to 350 feet. If approved, the project would bring a 256-unit condominium hotel, a parking deck, a retail and office center and a small park.

In order to clear the site for the new development, the King’s Village shopping center will be demolished, along with Prince Edward Apartments and Hale Waikiki.

In exchange for exceeding the area’s height and density requirements, the developers have agreed to contribute more than $1 million in community spending, including $500,000 for Waikiki beach replenishment, support for the area’s homeless community, operation of Waikiki public bathrooms after 10 p.m., construction of Americans with Disabilities Act improvements at Waikiki Community Center, and the development and maintenance of a “pocket park” on Prince Edward Street.

An environmental assessment for the project will be filed in the coming months, Elton Wong, vice president of Kobayashi Group, told the newspaper.  The developers expect to break ground by 2016,  once entitlements, design and permitting are in place.

In other news, the Pacific Business News reports that construction has begun on The Plaza at Waikiki, a 152-unit seniors housing project at 1812 Kalakaua Ave. in downtown Honolulu.

Developed by The Plaza Assisted Living, the community will offer specialized levels of care from independent living to assisted living, memory care for residents with dementia and short-term services. Construction is scheduled for completion by the end of 2015.

MW Group, the builder of the complex, is also the owner of the site, which it acquired for $3.5 million from PBS Hawaii.

Photo credits: www.tripadvisor.com







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