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Park Lane 2 – New Honolulu Tower in Approval Phase |

NEWS

November 18, 2025

Park Lane 2 – New Honolulu Tower in Approval Phase

The Kobayashi Group has introduced its latest luxury, high-rise project, officially named 1588 Ala Moana. This future development has often been the talk of the luxury Hawaii real estate world, referred to as “Park Lane 2.” This ambitious mixed-use development is planned for a more than four-acre section of the Ala Moana Shopping Center’s parking lot, specifically at the prominent intersection of Atkinson and Ala Moana.

The project is designed to feature two distinct towers:

  • Residential Tower: This building will offer a mix of housing, including both market-rate units and designated affordable rentals. The affordable units are intended for households earning 80 percent of the area median income (AMI) and below, aiming to serve local working families.
  • Hotel Tower: The second tower will operate as a 291-room hotel. The design is strategically focused on attracting “higher spending visitors” to the islands.
  • In addition to the residential and hotel components, 1588 Ala Moana is slated to include 26,000 square feet of commercial space. Given its proximity to the Ala Moana Shopping Center and the Hawaii Convention Center, developers have indicated the project will work to support these two key visitor destinations and beautify the immediate surroundings, acting as a gateway to the area.

    Entitlement and Community Process

    The project is currently in the entitlement phase, a lengthy process that requires approvals from multiple city levels, including the City Council and the Department of Planning and Permitting. This comprehensive review process is anticipated to take up to a year.

    During the initial presentation to the Ala Moana-Kakaako Neighborhood Board, concerns were raised regarding the development’s impact. Key issues highlighted included potential effects on parking, pedestrian crossing safety at the busy intersection, and the broader concern of ensuring current residents are not displaced by new, expensive developments. Local board representatives have emphasized the community’s recognized need for more housing.

    Following its introduction to the Neighborhood Board, the project is scheduled for discussion at the City Council’s Zoning and Planning Committee hearing on Thursday, November 20. Stakeholders are encouraged to participate in the public process as the project moves through its various stages of review.

    Register Your Interest in 1588 Ala Moana

    For many, this is the project they’ve been waiting for. Park Lane has been one of Honolulu’s most successful ultra-luxury developments, and many have been waiting for the follow-up.

    If you are interested in 1588 Ala Moana, register with Sachi Hawaii so that we may keep you informed as soon as new information is released:

    Contact Sachi Hawaii:
    (808) 596-8801 | info@sachihawaii.com

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