HONOLULU, Aug. 1, 2019 /PRNewswire/ -- Alexander &
Baldwin (A&B) (NYSE: ALEX) today announced it is
undertaking a renovation and refresh of the Aikahi Park Shopping
Center, with the goal of providing a more comfortable and inviting
experience for its customers, in an environmentally-friendly
manner, at the 98,000 square-foot neighborhood retail center.
"We understand that Aikahi Park Shopping Center is a mainstay
for many of our neighboring residents, and we've heard their 'wish
list' for shops and services they'd like to see at the Center. We
believe these planned improvements will attract both new and
improved retail and service options for Windward Oahu residents.
The refresh will provide greater comfort and convenience for our
local customers, better serve our tenants, and improve the safety
and energy efficiency of this well-used neighborhood center," said
Lance Parker, A&B chief real
estate officer.
The $18 million project includes
improvements to landscaping, walkways and the parking lot along
with the creation of new outdoor seating areas. A&B will also
convert the center's former movie theater into a space for the
expansion of popular veterinary hospital Feather & Fur, which
is currently a tenant at the Center. A 24-hour veterinary hospital,
Feather & Fur is an employee-owned, family run business that
offers a full range of medical, surgical and dental veterinary
services.
"We are excited about this opportunity to expand our facilities,
and partner with even more pet owners to help their animal
companions live long, healthy and happy lives. With this new
location and additional space, we will be better able to serve the
needs of this community," said Dr. Brian
Walsh, Feather & Fur president and medical director.
Aikahi Park Shopping Center serves as a central hub for the
surrounding community. The renovation will benefit existing tenants
of the center, including local favorites such as Safeway, Tamura's,
Willow Tree Café, Boston's Pizza
and Daiichi Ramen, along with many others.
As part of its ongoing effort to engage with Kailua residents to learn more about their
vision for the future of their community, A&B conducted
additional outreach in Aikahi to gather input to help guide the
renovation plans for the shopping center.
Construction is expected to begin later this year, following the
completion of required permit processes and regulatory reviews.
About Alexander & Baldwin, Inc.
Alexander &
Baldwin, Inc. is Hawai'i's premier commercial real estate company
and the state's foremost owner of grocery-anchored retail centers.
A&B is a fully integrated real estate investment trust and
owns, operates and manages approximately 3.8 million square feet of
primarily retail and industrial space in Hawai'i, and is a major
landowner in the state. A&B's interests extend beyond
commercial real estate into renewable energy and land stewardship.
A&B is also a construction materials company and paving
contractor in Hawai'i. Over its nearly 150-year history, A&B
has evolved with the state's economy and played a lead role in the
development of the agricultural, transportation, tourism,
construction and real estate industries. Learn more about A&B
at www.alexanderbaldwin.com.
Contact: Darren Pai;
808-525-6659; dpai@abhi.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/alexander--baldwin-to-renovate-aikahi-park-shopping-center-300895283.html
SOURCE Alexander & Baldwin