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Local Name:
Atlantis, Ko Olina
Budget:
1.8B
Announced:
15 Dec 2016
Construction Start:
Opening:
2021
Location:
Area:
11 ha
Developer:
China Oceanwide Holdings
Operator:
Designers:
Contractors:
Ride Suppliers:
Other Suppliers:
UFO Lighting
  1. mrg
    mrg is offline resortX Top Investigator
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    Quote Originally Posted by ResortsAhoy View Post


    I can't read the whole article because it's behind a $140 per year paywall but it looks like China Oceanwide who own the Atlantis brand are selling off some of the land they purchased in 2016. It's not the land for Atlantis but it was purchased in that original land purchase so it looks like something is happening in that region.

    The plot of land for sale for $34m is shown above marked with BMX-3.

    Does anyone have any further news on this resort?

    source: https://www.bizjournals.com/pacific/news/2020/11/06/china-oceanwide-puts-hawaii-parcel-on-the-market.html
    Here's the full article:

    China Oceanwide Holdings Group has put a piece of the 514-acre Kapolei West lands it purchased from the James Campbell Co. four years ago, an 11.3-acre parcel behind the Oahu Publications printing facility and across from the Target-anchored Kapolei Commons shopping center, on the market for sale with an asking price of $34.45 million.

    The asking price for the parcel, which is zoned for business mixed-use, or BMX-3, works out to $70 per square foot. Nathan Fong of Colliers International Hawaii is representing the seller.

    Under the current zoning, the land could be used for a mixed-use condominium or apartment building with retail on the ground floor, or a limited service hotel or office or medical office use, according to the marketing materials. The current height limit is 90 feet.

    Oceanwide paid $98 million for the parcel, along with two other parcels for a total of 514.43 acres, in October 2016 from Aina Nui Corp., a subsidiary of the James Campbell Co.

    It plans to develop some 2,500 homes on the land, which will connect Kapolei with Ko Olina Resort, where Oceanwide plans to build an Atlantis resort on a lagoon front parcel next door to Aulani, a Disney Resort & Spa.

    Oceanwide paid $232.5 million for the three Atlantis parcels totaling 26.27 acres, The company also paid $191.9 million for a second Ko Olina site, three parcels totaling 17.28 acres between the Ko Olina Beach Villas and Marriott’s Ko Olina Beach Club, where Oceanwide plans to build two more hotels.

  2. ResortsAhoy is online now resortX Top Investigator
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    I can't read the whole article because it's behind a $140 per year paywall but it looks like China Oceanwide who own the Atlantis brand are selling off some of the land they purchased in 2016. It's not the land for Atlantis but it was purchased in that original land purchase so it looks like something is happening in that region.

    The plot of land for sale for $34m is shown above marked with BMX-3.

    Does anyone have any further news on this resort?

    source: https://www.bizjournals.com/pacific/news/2020/11/06/china-oceanwide-puts-hawaii-parcel-on-the-market.html

  3. ResortsAhoy is online now resortX Top Investigator
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    No work ongoing on the land as expected.






  4. The most up to date video I can find is from June and shows nothing happening on that parcel of land at all. I think we can assume that, given the current economic conditions, that will not be developed for a very long time, if ever.




  5. ResortsAhoy is online now resortX Top Investigator
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    This is the land that Oceanwide own and are developing as a residential community and golf course, you can see the site for Ko Olina in the background of the first photo. Looks like some of the groundworks were completed in 2019 and from reports of the area they are building more public transportation out to that side of the Island in the hope of moving residents away from the main city of Honolulu.

    The railway is progressing, the foundations of the community are on the way but yet nothing is happening over at Ko Olina? Perhaps they are using the capital made from this project to fund the resort?









    The Kapolei West project is part of an undertaking to further develop the west side of Oahu and transform the area into a flourishing community.
    Source: https://goodfellowbros.com/project/kapolei-west-phase-i-improvements/

  6. ResortsAhoy is online now resortX Top Investigator
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    I did find this interesting piece of news though, I can't find anything to really back it up.

    It looks like China Oceanwide bought more than just the parcel of land for Atlantis and also intend to develop other areas of Ko Olina.



    The map shows the two oceanfront properties the company bought at Ko Olina and its plans for those parcels. A little further inland (top right) is a larger parcel that China Oceanwide intends to turn into a residential subdivision with golf course.
    Oceanwide Hawaii’s largest land purchase was a combined 514 acres in Kapolei West, located between Ko Olina and Kapolei Commons. It was purchased for $98 million in October 2016.


    Wilbert Yao, the VP of Oceanwide Hawaii, at the Ko Olina site of the company’s upcoming development
    Source: https://www.hawaiibusiness.com/big-plans/

  7. ResortsAhoy is online now resortX Top Investigator
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    Still nothing according to this video from January, other projects by the developers of Atlantis Ko Olina are having some issues and this could be affecting it. No real news to be shared but no construction as yet.


  8. Is there still no construction on this site?

  9. ResortsAhoy is online now resortX Top Investigator
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    Still no construction going on from this video in November 2019.


  10. Everything you want to know about Kerzner's latest Atlantis, the fourth of its kind:
    http://www.themeparx.com/atlantis-resort-hawaii/

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