The Offering
Cushman & Wakefield ChaneyBrooks is proud to present for sale Like Like Plaza, a 21,303 square foot retail center located within the Ala Moana area in urban Honolulu. The U-shaped building is a mix of single and 2-stories surrounded by a large parking lot with vehicular ingress/egress access points from three different streets.
This offering is an exceptional opportunity for an owner-user to occupy the restaurant space as the new anchor for the center or a developer to redevelop the 1.08 acre site into a mixed-use or pure residential project. Due to its close proximity to the future Ala Moana Rail Station, the Property falls within the Ala Moana Neighborhood TOD Plan which proposed an increased density of 5.0 FAR and a 350-foot height limit.
The Plaza is centrally located on Oahu just 2 blocks from Ala Moana Center, the world’s largest open-air shopping center with 2.4 million square feet of retail space. Like Like Plaza enjoys a mixed blend of local and tourist demographics and has over 180 linear feet of street frontage along major thoroughfare, Keeaumoku Street, with over 33,000 cars passing by the Property daily. The Property sits centrally within the Ala Moana Area/Kapiolani Corridor which is at its height of gentrification with four current redevelopments and ten planned redevelopments of properties into high-rise condominium towers and hotels.