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OHA commercial-properties briefing emphasizes leasing push for Lot L, Nālāmakukui operations and a solar/parking study
Summary
Trustees heard a commercial‑properties budget that prioritizes leasing activity (including Lot L), ongoing repairs at Nālāmakukui, and a proposed assessment for solar and parking upgrades; staff also explained how tenant payments feed debt service under bank loan covenants.
At a May 21 trustee briefing, OHA commercial‑properties staff outlined a biennium budget that centers on leasing activity in Kakaʻako Makai (Lot L and Lot A), ongoing repairs at Nālāmakukui and activation of newly acquired parcels such as the Honolulu Harbor Shops.
Interim land assets staff said property‑management spending is “largely unpredictable” because maintenance, security and capital repairs vary by tenant and external events. The division identified Lot L (a warehouse in Kakaʻako Makai) as a near‑term leasing priority and presented a commission estimate of up to $600,000 for FY26 tied to a market‑rate leasing scenario and potential use of outside brokers; staff said the…
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