The waterfront, Aloha Tower Marketplace in Honolulu, is under new ownership. The 160,000-square-foot shopping center was purchased by Hawaii Pacific University. The university took full ownership of the property in April, 2013.
According to a Feb. 9, report in Pacific Business News, 17 businesses on the property were given until March 17, to vacate the premises.
HPU plans to erect student housing on portions of the property. The $30 million renovation project requires the business owners to pack-up and leave their establishments. The university wants the housing completed in time for the 2014 Fall semester.
A university spokesman told PBN, "The 17 tenants were on short-term leases; but four other tenants are staying, including The Cab, Gordon Biersch (pub), the Star of Honolulu (dinner cruise), and Hooters."
The Aloha Tower Marketplace is located at the Honolulu Harbor, which is adjacent to downtown Honolulu. When the Aloha Tower Clock was installed in 1926, it was one of the largest clocks in the United States.
The Marketplace in part, has some historical significance. The Aloha Tower, Falls of Clyde and Hawaii Maritime Center, are housed on the property. All three are said to have national historic landmark status.