Honey Bee Rendering of proposed Waikiki Landing
According to the Pacific Business News, Developer Japan-based Honey Bee USA has announced that a Continental investment group is financing nearly the entire development cost of $34 million for the redevelopment of the Waikiki Landing, a mixed-use location at Hawaii’s Ala Wai Small Boat Harbor, in exchange for about 50% equity in the project.
The name of the investment group, has yet to be released, but they are new to the Hawai’i market, apparently. Further details will probably be released after the DLNR is informed at their next monthly meeting.
The project parcel, which will feature wedding chapels, restaurants, retail and office space and a boat-repair facility and fuel dock is owned by the state Department of Land and Natural Resources. No timeline for construction has been set for the project, which is located ewa side of the Hawaii Prince Hotel.
Continental Investor gives Waikiki Landing a Big Boost!