HONOLULU (AP) - A local development partnership has pledged more than $1 million in community spending in exchange for the city's permission to build a condominium hotel tower exceeding Waikiki's height and density requirements.
The Honolulu Star-Advertiser reports the proposed project would raze the King's Village retail complex and neighboring apartments to make way for a 256-unit condominium hotel.
The partnership involves BlackSand Capital, Kobayashi Group and The MacNaughton Group. They'll be asking the City Council to allow the project even though it exceeds the height limit, setback restrictions and density limits for Waikiki.
To make it more attractive, the developers have agreed to spend $500,000 on Waikiki beach replenishment, $200,000 to help Waikiki's homeless and $200,000 to keep Waikiki public bathrooms open after 10 p.m.
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