STAR-BULLETIN FILE
Consolidated Amusement Co., owner of the closed Waikiki Theatres, is seeking tenants for the site to create a retail complex.
Waikiki theaters Consolidated Amusement Co. is looking for shops, restaurants and other businesses to move into its former Waikiki Theatres properties at Kalakaua and Seaside Avenues to create an upscale retail, restaurant and entertainment complex.
to go retail
The owner, Consolidated
Amusement, is seeking to
lease out the buildingBy Russ Lynch
rlynch@starbulletin.comOfficials of Consolidated, which owns the land where it closed the Waikiki 1, 2 and 3 Theatres after their last shows Nov. 20, could not be reached for comment.
Colliers Monroe Friedlander, the real estate firm representing Consolidated, declined to comment, but leases are being promoted to potential tenants in materials prepared by Colliers. A brochure offers 10-year lease terms for areas of 2,000 to 40,000 square feet at rent ranging from $15 a square foot per month for the ground-floor units to $5 a square foot per month for the upper floors.
Consolidated would continue to own the land, about two acres in three main parcels at the prime Waikiki location, and the buildings which are up to three stories high. One is where the original Waikiki Theatre was, with 94 feet fronting Kalakaua.
Another is at 333 Seaside and the third is the 435-stall parking structure behind the Seaside building.
The buildings surround the Waikiki Business Plaza at the corner of Kalakaua and Seaside and are next to the high-rise Waikiki Trade Center on the Kuhio Avenue side and Waikiki Beachcomber Hotel on the Diamond Head side.
The Imax theater off Seaside, also owned by Consolidated, is still open and running and is not included in the offer.
When it closed its movie houses, Consolidated said it did not believe that the theater closings would hurt the 100 or merchants who sell to tourists along Duke's Lane, between the Consolidated property and the Waikiki Beachcomber.
