Posted on May 2, 2016
Hawaiian Dredging Construction Co. Inc., one of the largest general contractors in the state, has completed the purchase of the historic Honolulu Advertiser building on Kapiolani Boulevard and plans to renovate the building and use it as the company’s corporate headquarters, the Honolulu-based company’s president confirmed to PBN.
Hawaiian Dredging, one of the state’s oldest construction companies, currently leases 25,000 square feet of office space at City Financial Tower at 201 Merchant St. in Downtown Honolulu.
The company took title to the building on Friday from Downtown Capital LLC, which bought the property $23 million in 2012 and is building two workforce housing towers at the site behind the Advertiser Building, one of which has been completed.
The general contractor for that project is Hawaiian Dredging.
“Extensive renovations will be required before our new home will be ready to occupy, and we are currently targeting May of next year for the dedication and opening of our offices,” Gerry Majkut, president of Hawaiian Dredging, told PBN in an email. “Moving to a new office is always an exciting time.
“I believe it is only natural for a building with a long history to become our new office. We have a long history in Hawaii, and while we are proud of our past, we also look forward to our future,” Majkut said. “So it is with our new office, as of today, we can begin to call it the Hawaiian Dredging Building.”
The Honolulu Advertiser building more recently has been used as a soundstage for the CBS television drama “Hawaii Five-0.”
Hawaiian Dredging Construction, which has been at its current Downtown Honolulu location since 2006, spent three decades at 614 Kapahulu Ave., which it owned for a portion of that time.
Prudential Locations bought the building in 2006 for $8.2 million from Okada Trucking Co. Ltd.
http://www.bizjournals.com/pacific/news/2016/04/29/hawaiian-dredging-takes-title-to-honolulu.html
