Real Estate Project Market Outreach Event
COUNTDOWN TO THE MARKET OUTREACH EVENT
NASED will create a vibrant live-work-play-thrive destination on O‘ahu with a new multi-sport stadium serving as the centerpiece for a mixed-use real estate development on the existing 98-acre Aloha Stadium site located in Hālawa.
THE STADIUM PROJECT
A new stadium facility delivered under a Public-Private-Partnership (P3) between the State and a private developer selected through a State procurement process. The Request for Qualifications stage is already complete, and the Request for Proposal is anticipated to be released to the priority listed respondents in July.
THE REAL ESTATE PROJECT
A unique mixed-use real estate development opportunity to design and deliver an entertainment district surrounding the new Stadium Project and the HART Site between the State and a private developer selected through a State procurement process. The hybrid Request for Proposals is anticipated to be released in July.
THE MARKET OUTREACH EVENT
The State is conducting this Market Outreach process to provide the real estate development market with an opportunity for a structured dialogue prior to the formal commencement of the Real Estate Project procurement process. The purpose of the market outreach is to share the State’s current thinking about the project’s details and transaction structure, with the objective of capturing developer feedback on how certain aspects of the Real Estate Project may be further defined or potentially amended to ensure private sector participation and foster the highest levels of competition to be the State’s long-term Real Estate Project partner as part of the fulfillment of the NASED vision.