Rare Waterfront Development
The property presents an excellent opportunity to develop a brand-new waterfront flagship or headquarter location. The 21,039 SF site is located 1 block from Honolulu’s future Rail Transit Pearlridge Station (currently under construction). The asset falls within the Transit Oriented Development (“TOD”) Special District which allows for extra density. Current I-2 zoning allows for a 60-foot height limit and maximum density of 52,597 SF. This offering is ideal for both investors, developers and owner-users.
This offering has never been available for sale and has been passed down for several generations by the original owner. The seller has successfully up-zoned the property to business-industrial which has significantly expanded the types of uses permitted on-site.
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- Senior Real Estate Advisor
Rick Manayan is an accomplished real estate professional with international and domestic experience in acquisitions & dispositions, property management, asset management, project management and strategic planning with a track record of improving return on invested capital. Rick was the founder of East West Real Estate Company and has served as Senior Partner in TransPacific Real Estate (Honolulu) and Trans-Pacific Empire (California) which develops residential and commercial real estate projects in Northern California. He has also held principal and executive management positions in the broadcast and telecommunications industries. He has taken key leadership positions in State and City Government, serving as an Asset Manager for the Housing & Finance Development Corporation of Hawaii while overseeing nearly $1 Billion of Affordable, Senior, and teacher housing and commercial properties, and now serves as the City’s Asset Manager for the new $8.6 Billion light rail project. Rick Manayan’s 28-year career in real-estate, investment, development, asset/property management has included general management, construction management, consulting and entrepreneurial experience with international investors from Japan, Philippines, Korea, and China. Their investments involved an international health care chain, start-up business in Silicon Valley, commercial and residential land development as well as Capital Management firms. As Vice President of Development for Trans-Pacific Empire, Rick was responsible for all phases of shopping center and residential development, including debt financing, government approvals, tenant negotiations and construction management.
- Licensed Real Estate Broker, State of Hawaii: RS-39208
- (808) 544-1600