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The remainder of the building had been converted to 575 individually owned residential condos and 80 time-share units. [8] In 2009, the 203 hotel rooms remaining in the Ilikai, which was facing foreclosure, were acquired by New York-based iStar Financial, which brought in Honolulu-based Aqua-Aston Hospitality to manage the property. [ 4 ]
As of late 2020, Honolulu had 92 high-rise buildings over 300 feet (91 meters) in height, with four more under construction. [1] The first high-rise that exceeded 350 ft was the Ala Moana Hotel built in 1970. The next high-rise was the Yacht Harbor Towers followed by the Hawaii Monarch Hotel and the Discovery Bay Center.
The project was developed by Pebble Bay (Thailand) Ltd., a subsidiary of the Singaporean company Hotel Properties Limited. Pebble Bay, which acquired the land from the U.S. Information Service in 2003, planned to develop a high-rise condo, The Met, along with a low-rise hotel on the smaller plot in front.
The new plan is to build a 76-unit condo building and a separate five-story parking garage with 156 spaces. The condo tower will stand 144 feet high. The garage will be 66 feet, 2 inches high.
The Regency Tower in Honolulu lost all three of its elevators when a massive storm hit Hawaii on Dec. 6. That’s leaving many older residents on higher floors trapped in their apartments.
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