Expansion planned for Honolulu Sears mall space - Hawaii News Now - KGMB and KHNL

Expansion planned for Honolulu Sears mall space

Sears at Ala Moana Shopping Center Sears at Ala Moana Shopping Center

HONOLULU (AP) - A dramatic expansion is planned for the space Sears will vacate in Hawaii's largest shopping mall.

Ala Moana Center's owner is doubling the retail space at the west end where Sears is currently located. General Growth Properties, Inc. is investing $500 million to buy back the lease from Sears, which has been a familiar fixture at the Honolulu shopping center since the mall opened in 1959.

A site plan obtained by the Honolulu Star-Advertiser (http://bit.ly/KRKoup ) includes a three-level tenant and a new fourth-level parking deck.

With nearly 300 stores and restaurants, Ala Moana is 1 of the highest-grossing malls in the nation and is the end point for a planned rail line.

The expansion is expected to attract new mainland retailers such as Kohl's, Bloomingdale's and H&M.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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