MIXED-USE DEVELOPMENT SYMPHONY HONOLULU RECEIVES $120M IN FINANCING
HONOLULU — Symphony Honolulu, a 3.5-acre mixed-use development on the island of Oahu, has received $120 million in construction financing. The high-rise project will be located at 888 Kapiolani Blvd. in Kakaako, a commercial and retail district near the island’s southern shores.Construction will begin later this month. It is scheduled for completion by the end of 2015.
Symphony Honolulu will feature 388 residential condos, along with ground-floor retail, which will be occupied by JN Automotive Group. The exclusive Hawaiian authorized dealer will have a luxury auto galleria showroom that features international brands like Ferrari, Maserati, Bentley, Lamborghini, Audi and Lotus.
The project will be developed by OliverMcMillan, built by Nordic PCL, and designed by Gensler and Architects Hawaii. The syndicated construction loan was provided by First Hawaiian Bank. Central Pacific Bank, American Savings Bank and Washington Capital Joint Master Trust Mortgage income fund are also involved in this transaction.