November 13, 2013
Mixed-Use Development Symphony Honolulu Receives $120M in Financing
Western Real Estate Business
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 and 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. First Hawaiian Bank provided the syndicated construction loan. Central Pacific Bank,
American Savings Bank and Washington Capital Joint Master Trust Mortgage income fund were also involved in the transaction.