Swinerton In the News

Swinerton Builders: June 17, 2014

HPU to officially begin construction on Aloha Tower Marketplace redevelopment

Hawaii Pacific University plans to officially start construction on its multi-million-dollar redevelopment of the iconic Aloha Tower Marketplace on Wednesday during a groundbreaking ceremony expected to draw 100 community and business leaders.

The redevelopment, which is scheduled to be completed in the fall of 2015, involves making interior tenant improvements to portions of the existing marketplace and turning portions of the second floor into student dormitories.

First floor improvements include replacing a portion of the retail and restaurant spaces with HPU academic and support spaces with the second floor being converted to 83 student and faculty residences, accommodating some 300 residents.

Hawaii Lifestyle Retail Properties LLC, a subsidiary of HPU and holder of the master lease, is also proposing classrooms, an admissions office, a housing office, student center/learning commons, student organization spaces, a library/computer lab, book store and fitness center.

The Pier 10 building is slated to include HPU multi-purpose spaces, including theater/lecture hall space for up to 250 people and a box office.

The marketplace currently has about 35,000-square-feet of retail space available for lease. Group 70 International and Swinerton Builders have been chosen to design and build the project.

In February, HPU told 17 tenants on short-term leases that they must leave by March 17 as changes take place at the 160,000-square-foot complex. Only four of the existing tenants are staying put — The Cab, Gordon Biersch Brewery Restaurant, the Star of Honolulu and Hooters.

HPU has said that there is a need for additional housing for its students, and feedback from students indicates a strong demand for housing in the downtown area as well as for a central gathering place for the downtown campus.

To read full article, click on link below: 
http://www.bizjournals.com/pacific/news/2014/06/16/hpu-to-officially-begin-construction-on-aloha.html