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Hawaii Pacific University Takes Full Ownership of Aloha Tower Marketplace

Hawaii Pacific University (HPU) and its development partner Ed Bushor have resolved a dispute regarding the ownership of the Aloha Tower Marketplace in downtown Honolulu. According to the Pacific Business News, the university, along with its affiliate Hawaii Downtown Holdings LLC and Lifestyle Retail Properties LLC led by the California-based developer have agreed to proceed with a buyout agreement. Financial terms were not disclosed.
The resolution allows HPU to move forward with an approximately $30 million plan to redevelop the two-story waterfront property into a 300-unit student dormi...
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