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Robertson was the former real estate arm of former Kuhio Theaters operator Consolidated Amusement Co. Then Lehman plunged into bankruptcy, and the company handed over the property to affiliates of Robertson around 2010. that financed the project took ownership of the complex. The project’s developer, Hawaii firm Honu Group, had lost the building in 2006 to foreclosure in part because of the half empty status of the building.Īn affiliate of investment bank Lehman Bros. The two anchor retailers continued in business until 2009 after the U.S. A replacement sports bar took its place, but it fizzled and also closed. Two years after opening though, All Star Cafe closed.
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A fourth-floor space intended for a restaurant was never occupied.
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Multilevel flagship NikeTown and Banana Republic stores were the tenants along with the Official All Star Cafe, a sports-themed restaurant established by Planet Hollywood and backed by professional athletes including Tiger Woods, Shaquille O’Neal, Ken Griffey Jr., Joe Montana, Wayne Gretzky and Andre Agassi. King Kalakaua Plaza was developed in 1997 for nearly $45 million and with 186 underground parking stalls on the site of the former Kuhio Theaters. If the plan is carried out, the hotel tower would add new life to a portion of Waikiki that other developers thought would do well with big-name retail tenants. Under zoning rules, a tower is permitted to rise 300 feet or possibly higher.
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The owner of the empty King Kalakaua Plaza building has submitted a permit application to the city indicating its plan to redevelop the site fronting Kalakaua and Kuhio avenues between Olohana and Kalaimoku streets.Ī presentation from California-based Robertson Properties Group, which owns the site through affiliates, is also scheduled for a Waikiki Neighborhood Board meeting on Tuesday. A 230-room hotel tower is slated to replace a failed modern four-story retail complex near the Ewa end of Waikiki known best for its long-closed NikeTown store.