August 14, 2014
San Diego-Based Developer OliverMcMillan Eyeing Other Hawaii Development Projects
Pacific Business News
OliverMcMillan, the San Diego-based firm developing the Symphony Honolulu condominium project, is opening a Hawaii regional office next month and is in negotiations for two new development projects in the Islands outside of Honolulu, the head of the company’s Hawaii office told PBN.
One of the projects is a condominium and the other a mixed-use urban village, according to Serge Krivatsy, managing director of OliverMcMillan’s Hawaii office. The firm also is looking at developing projects in Kapolei and on the Neighbor Islands, he said.
“We’re looking at stuff in town and in Kapolei,” he said.
Krivatsy told PBN that the firm is eyeing three to four deals, with one or two being a condo project and another a potential apartment complex for renters.
“We’re looking at unique stuff, not projects where there are 20 others looking at it,” he told PBN. “We’re definitely to where we are in an [upward] market cycle, [but] we are cautious about the sites and projects we are looking at. The things we are looking at, we still think we have time to be in a good position to execute.”
OliverMcMillan, which acquired and completed the Pacifica condominium in Honolulu, the former Moana Vista project, several years ago, is opening its Hawaii regional office at Bishop Square’s Pauahi Tower in Downtown Honolulu.
It also has offices in Atlanta and Houston and a showroom in New York.