Developer plans housing towers at former theater site
HONOLULU (AP) — A Hawaii development partnership plans to take over a stalled project to turn a former movie theater site into a high-rise housing complex.
The partnership led by developer Stanford Carr wants to substantially revise the $800 million plan permitted by Honolulu on the site of the former Kam Drive-In movie theater in Aiea, The Honolulu Star-Advertiser reported Wednesday.
Carr will try to amend the previous development planned by Robertson Properties Group, a California-based affiliate of Kam’s former operator, Consolidated Theatres.
Carr told the Aiea Neighborhood Board on Monday that the proposal is a positive change for a dense, smart-growth project close to a city rail station.
“This is an opportunity to create a mixed-use, mixed-income, transit-oriented development,” he said.
Carr proposed increasing the height of four towers, keeping a fifth tower about the same height and eliminating a sixth, smaller tower.
The overall number of homes would decrease to 1,401 from 1,500, eliminate a hotel and cut back retail space.