HONOLULU Outrigger Enterprises cleared a major hurdle in its $300
million plan to transform Waikiki’s Lewers Street corridor when the
City Council approved the redevelopment concept on Nov. 23.
The council gave Outrigger permission to demolish six hotels,
renovate five, erect a new 890-room hotel and create new
entertainment, retail and pedestrian space in the heart of
The project, designed to cover 7.7 acres, is one of the most
ambitious in the urban resort’s history.
Outrigger now can begin applying for technical and building
“This was the last time we had to go through ‘This is why this
is good,’” said Melvin Kaneshige, Outrigger’s chief operating
Kaneshige said he expects the company to break ground in April
2004 on the retail and entertainment complex, the first portion of
the project. That phase, estimated at $130 million, should be
completed by late 2005, he said.
The new, 27-story tower is estimated to cost $170 million and to
take three years to complete. But starting work on it will depend
on the financial markets, Kaneshige said.
“It’s difficult to convince a lender today to borrow money to
build a new tower,” he said. “We’re going to have to wait on that
one until the market gets a little better.”