...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 PM HST WEDNESDAY...
* WHAT...East winds 15 to 25 kt, except north wind in Maalaea Bay.
* WHERE...Oahu Leeward Waters, Kaiwi Channel, Maui County
Windward Waters, Maalaea Bay, Pailolo Channel, Alenuihaha
Channel, Big Island Leeward Waters and Big Island Southeast
Waters.
* WHEN...Until 6 PM HST Wednesday.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
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Duane Shimogawa has more than 15 years of experience in the media industry with stints as a reporter/anchor at several TV and radio stations, as well as newspapers such as Pacific Business News, Hawaii News Now, KNDU/KNDO-TV, and more.
HONOLULU (KITV4) -- A Hawaii development company has purchased a downtown Honolulu office building with plans to turn part of it into residential units.
Avalon Group said Monday that its newly-acquired 378,000-square-foot Davies Pacific Center office building along Bishop Street will be converted to a mixed-use development with up to 120,000-square-feet of office and retail uses and the balance will be converted into up to 400 workforce and market-rate residential units.
The commercial floors will be sold as commercial condominiums, and since one-third of the building is already vacant and ready to be developed, Avalon says it will allow natural attrition of tenants to happen and will be building out one floor to three floors at a time.
This planned conversion follows the redevelopment of the 1132 Bishop Street building into The Residences at Bishop Place.
Experts say decrease in demand for office space and the increase of demand for residential units are some of the main reasons for the conversions.
Between 2019 and 2023, Colliers Hawaii projects that Oahu’s office inventory could potentially be reduced by about 1-million-square-feet or a whopping 7.5% of the total office market.
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Duane Shimogawa has more than 15 years of experience in the media industry with stints as a reporter/anchor at several TV and radio stations, as well as newspapers such as Pacific Business News, Hawaii News Now, KNDU/KNDO-TV, and more.
