Global Travel Media » Blog Archive » Saks Fifth Avenue to open first Hawaii store in Waikiki

Home » Destination Hawaii » Currently Reading:

Saks Fifth Avenue to open first Hawaii store in Waikiki

June 22, 2013 Destination Hawaii No Comments Email Email

egtmedia59Saks Fifth Avenue plans to enter the Hawaii market as the anchor tenant for the planned redevelopment of the International Market Place in Waikiki, developer Taubman Centers Inc. and landowner Queen Emma Land Co. said Friday.

The store will be the first Saks Fifth Avenue department store in Hawaii. Parent Saks Inc.’s (NYSE: SKS) Off 5th outlet store is an anchor at the Waikele Premium Outlets.

The long-planned project will replace the International Market Place, the Waikiki Town Center and the Miramar at Waikiki Hotel with an expansive retail and entertainment conplex.

The project is expected to break ground later this year or early 2014. Honolulu’s dck pacific construction LLC has been chosen as the general contractor for the project.

“We are still in due diligence with Taubman [and] look forward to completing that due diligence in the near future,” said Cedric Yamanaka, a spokesman for Queen Emma Land Co., a nonprofit formed to support The Queen’s Health Systems, which owns The Queen’s Medical Center. “We are still in the process of [seeing] if the revitalization [of the International Market Place] is the right thing to do.”

As one of the most valuable land assets of Queen Emma Land Co., the International Market Place redevelopment will support the mission of The Queen’s Medical Center to improve the well-being of Native Hawaiians and the people of Hawaii, the company said.

Revenues generated from the redeveloped property will directly fund operations at Queen’s as well as upcoming community initiatives such as the opening of The Queen’s Medical Center — West Oahu.

No other tenants have been announced for the Waikiki project and the opening date of Saks Fifth Avenue is not yet known.

With the May announcement that Bloomingdale’s will open at AlaMoana Center in the fall of 2015 and now Saks Fifth Avenue in Waikiki on Friday, the state has picked up a couple of high-end retail department stores in just about a month’s time.

“The Saks announcement is a milestone,” Yamanaka told PBN. “But it’s one step in the process.”

Edited By : Bill Hurley

Comment on this Article:

Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership


Elite Partnership Sponsors


Premier Partnership Sponsors


Official Media Event Partner


Global Travel media endorses the following travel publication