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HCDA approves purchase of Ward Block P3 using floor-area bank and signs amended Ward master plan agreement
Summary
The authority approved a purchase and sale agreement with Victoria Ward Limited to acquire two parcels comprising Block P3 in Ward Village, accepting 63,000 square feet of HCDA floor-area bank in lieu of cash and authorizing execution of an amended and restated Ward Neighborhood Master Plan development agreement.
The Hawaiʻi Community Development Authority on Dec. 4 authorized its executive director to execute a purchase and sale agreement with Victoria Ward Limited (VWL) to acquire two parcels identified as Block P3 (610 Ward Avenue and 873 Kapiolani Boulevard, TMKs 12-1-049-063 and 12-1-049-080) and to execute an amended and restated master plan development agreement for the Ward Neighborhood Master Plan.
Craig Nakamoto, executive director, told the board the item revisits a June 5 action to correct the minutes and to present updated…
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