Kapiolani condos proposed

The owners of a prime vacant parcel on Kapiolani Boulevard across from the Hard Rock Cafe are finalizing plans to build a circular 62-unit condominium -- while also putting the property up for sale.

The San Francisco owners are trying to sell the 21,381-square-foot lot, at 1830 Kapiolani Blvd. adjacent to Century Center, to focus on developing other properties in Florida, according to a local broker familiar with the property who asked not to be identified.

Coldwell Banker Commercial Pacific Properties has listed the fee-simple parcel --currently a used-car lot -- for $7.9 million.

The broker said the owners -- whose local entity, 1830 Kapiolani LLC, is managed by San Francisco Realtor James Nunemacher -- will move forward with plans to develop the condo tower if the property is not sold.

The owners have completed architectural and structural design plans for a mixed-use tower with residential condominiums above a commercial ground floor arcade and enclosed parking structure, according to marketing materials.

The parcel is one of two separately-owned vacant lots across from Hard Rock and is closest to the Makiki stream.

Ronald Lockwood, chairman of the McCully-Moiliili Neighborhood Board, said developers have never shared their plans with the board.