Donald Trump announced plans to build a 460-unit luxury condominium tower as part of an $800 million Waikiki Beach Walk redevelopment project.
The plans actually surfaced one year ago when the master developer for the project, Outrigger Enterprises, said it was negotiating with a short list of developers. Irongate, a Los Angeles-based real estate developer who purchased the plans from Outrigger Enterprises, will partner with Trump to build the tower project.
Sources report that the tower will be 350 feet in height. It will have 750,000 square feet of space, which will include retail, dining, a library, wine cellar, lobby bar, cafe, fitness center and spa. There will be separate lobbies for both the hotel and residential areas, and there will also be parking. What are the locals saying?
"I think he will bring some flare and excitement to the market," said Mary Worrall, owner of the local upscale residential real-estate brokerage firm Mary Worrall Associates. "He has such a following. I think it's very exciting."
We hear similar words from the Trump Organization.
"Trump Tower will be the most luxurious development in one of the most recognized resort destinations in the world today -- Waikiki Beach," Trump, star of the TV reality series "The Apprentice," said Tuesday in a news release.
Completion for the Waikiki project is expected in 2009.
Interesting news, John, and a good reda. I always felt that strip was so busy, that I enjoyed staying in the fine bed and breakfasts that move you closer to the Hawaiian people...
Brain Based Business
Posted by: Ellen Weber | June 2, 2006 6:14 PM | Permalink to Comment