Honu Group Inc. of Honolulu broke ground recently on 2100 Kalakaua Ave., a $140 million retail project in Waikiki. The 110,000 sq. ft. retail project is one of Hawaii's largest in the past 20 years and will feature a Hawaiian theme. According to Honu Group, the development has attracted eight global luxury retailers. Honu Group plans to complete the retail development by November 2002.
Architect Tim Kobe of Honolulu and San Francisco-based Eight Inc. designed 2100 Kalakaua as a row of 5,000 to 20,000 sq. ft. three-story retail townhouses, each with its own unique design. The project will showcase Hawaiian motifs, including water features, limestone, copper, sandstone and lava rock construction. Each of the eight storefronts will reflect Hawaiian. So far 2100 Kalakaua has received commitments from Tiffany & Co., Chanel and Tod's.
In other Hawaii, Chicago-based LaSalle Investment Management has acquired Pearlhighlands Center in Pearl City for $62.4 million. Major tenants include Sam's Club, Old Navy Clothing Co., Ross Stores and Signature Theaters. The seven-year-old center is 80% leased.