![]() King Kalakaua Plaza was developed in 1997 for nearly $45 million and with 186 underground parking stalls on the site of the former Kuhio Theaters. If the plan is carried out, the hotel tower would add new life to a portion of Waikiki that other developers thought would do well with big-name retail tenants. Under zoning rules, a tower is permitted to rise 300 feet or possibly higher. The owner of the empty King Kalakaua Plaza building has submitted a permit application to the city indicating its plan to redevelop the site fronting Kalakaua and Kuhio avenues between Olohana and Kalaimoku streets.Ī presentation from California-based Robertson Properties Group, which owns the site through affiliates, is also scheduled for a Waikiki Neighborhood Board meeting on Tuesday. A 230-room hotel tower is slated to replace a failed modern four-story retail complex near the Ewa end of Waikiki known best for its long-closed NikeTown store.
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