Cherry Street
- The acquisition includes an existing one-story retail box totaling approximately 11,575 GSF. The tenant is expected to remain through their lease (expiring in 2044), paying $600,000 in rent per annum.
- A 77 story tower can be built at the site, consisting of 639 Rental Apartments split 512 market-rate and 128 affordable (80/20), with additional ground floor Retail.
- Preliminary architectural plans show the mixed-use tower featuring 3.0k gross ft2 of Retail space,351.6k net ft2 of Market Rate Rentals, and 87.9k net ft2 of Affordable Rentals.
Mandarin Oriental
The Mandarin Oriental, Honolulu will feature 125 guestrooms and suites, with some of the largest average room sizes in the market The guestrooms are distributed between floors 9 through 18 of the 3 8 story structure and all units have large, trellised lanais Standard rooms average 625 square feet, with average suite sizes ranging from 999 square feet for regular suites to 2 438 square feet for presidential suites The high suite to guestroom ratio, at 35 percent, is comparable only to the Trump International Hotel Waikiki and the Ritz Carlton, Waikiki Beach Each guestroom will feature ceilings at least 9 5 feet, which will be one of the most spacious heights in the market Additionally, each room will be immaculately appointed per the luxurious Mandarin Oriental specifications