A&B Properties, Inc., a subsidiary of Alexander & Baldwin, Inc. (ALEX), said that it has executed an option agreement to purchase a development block in Kaka'ako from Kamehameha Schools, on which A&B will initiate planning for the future development of a residential condominium tower.
The property is located within Kamehameha Schools' 29-acre Kaiaulu 'o Kaka'ako master plan will offer a diverse community to live and work in.
A&B expects its pre-development efforts will take several years and will not have any near-term impact on the existing tenants at the property.
Additionally, Kamehameha is finalizing design for a village center which will serve as a venue for locally-owned specialty shops and boutiques, entertainment, dining and community gathering. Construction on the center is expected to begin in 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.