HONOLULU-A&B Properties Inc., the real estate subsidiary ofAlexander & Baldwin Inc. has completed the acquisition of twofully-entitled, fee-simple development sites with prime locationsin Honolulu, between the Ala Moana Shopping Center and the Wardretail center. Norbert Buelsing, president of A&B Properties,tells GlobeSt.com that the purchase price for both parcels was $16million.
The first site, comprising 1.7 acres, is located on WaimanuStreet adjacent to the Hawai‘iki and Ko‘olani condominium towers,and is approved for a 43-story residential condominium project. Thesecond site, in close proximity to the first site, is a 0.7-acreparcel located at the intersection of Kona and Piikoi streets, andis entitled for an eight-story residential condominium project.
Buelsing didn’t respond to queries regarding potentialconstruction cost of the projects, but he did point out the companyis still in preliminary design stages. He adds that the firm hasnot established a construction start date as of yet.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
