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Ko'Olina has stopped building

Clemson Fan

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Interesting news. They've stopped building the newest building at Ko'Olina resort. I just spoke with one of the contractors at the site and he told me that not only have they stopped building, but they've also taken down the huge crane needed to finish the building. The contractors tried to talk them out of that and encouraged them to at least finish the facade of the building, but they decided to take down the crane and cease all building.

So, the new building is just an empty concrete shell with what seems like no near term plans of finishing it.

Sales must be really down.

I live only a few miles away and I'll take a drive out there in a few days to see it for myself.
 

McFail

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I'm not quite sure this is correct. I was there a few weeks ago and the building under construction (the third of four) looked like it was very advanced and wouldn't have need of a crane. To me it looked like they just needed to work on the interior. It is slated to open in Jan 09 according to the sales staff.
 

Clemson Fan

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I'm only reporting what a contractor who works on the site told me. He said that they were told to cease all operations and all the contractors were pulled off the site.
 

richardm

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Sales must be really down.
It's not an issue of sales...

Marriott has been having to rework many of their credit lines, as they were tied to Lehman Brothers.. Once the new paperwork is completed, they'll restart construction.. I'm not surprised on the crane news- those are rented on a per day basis- so if you expect a delay of a month of so- it makes sense to pull it down.

They are reported as also having to rework their credit lines for the new Ritz Carlton project and the Grande Lakes project.
 

McFail

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Yikes, then it does sound like they are stuck in the credit crunch. I wonder if they have released rooms for occupancy that may not be ready.
 

dioxide45

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Yikes, then it does sound like they are stuck in the credit crunch. I wonder if they have released rooms for occupancy that may not be ready.
If they did, some of those people may have reservations made for 2009 also. With occupancy in early 2009 people would have started making those rservations 6 or more months ago. They may not have a unit to stay in. I wonder what Marriott will do for these people?
 

rpw

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I'm Looking at the Site now.....

I have a wonderful view of the construction site (ok, a nicer view would be better, but I was assigned Garden View, and now I can see the ocean, improvement?).

Unfortunately it's saturday, so there shouldn't be any work today, but I'll know Monday morning if they start. The building itself is built. The front facade is on and painted, the rear still has scafolding all the way to the top floor. I see windows and doors installed on the front, but nothing on the back.

If the construction is stopped, I would hope that they would at least attempt to seal the exterior, otherwise the local critters will have a very nice home.
 

thinze3

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I hope they finish it by July.
I have requested my oceanview room to be in that new building. :)


Terry
 

dioxide45

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thinze3

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The link doesn't appear to work.
I just clicked on both links, yours and mine, and they worked just fine.

Try this - copy & paste and then remove the space at the end.
money.cnn.com/news/newsfeeds/articles/djf500/200810101323DOWJONESDJONLINE000787_FORTUNE5. htm


Terry
 

dioxide45

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I just clicked on both links, yours and mine, and they worked just fine.

Try this - copy & paste and then remove the space at the end.
money.cnn.com/news/newsfeeds/articles/djf500/200810101323DOWJONESDJONLINE000787_FORTUNE5. htm


Terry

It's working now when I click the link.
 

m61376

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the link isn't working now for me either
 

dioxide45

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the link isn't working now for me either
I think this is a problem with CNNMoney.com. At first yesterday it wasn't working for me, then it was, and again it is not working.
 
Last edited:

Cruiser Too

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We spent two weeks at Ko'Olina in September.
A staff member told us that the new building will be opening in early 2009.
But... it'll be opening "in phases"

50% (Left side of the building as viewed from the beach) will be operational first.
 

Graceville

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New pool?

Do you know if the new pool (with river "slide") has opened in the new section of Ko Olina, and if not, when it is due to open?
 

thinze3

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Ko Olina used to have a notice on my-vacationclub.com website that stated construction would continue through January 2007, which I believe was the completion of building 3. Now the website says:
Construction of our next phase began on April 1, and will continue until July 2009. Construction times are 8 a.m. to 5 p.m. and may include weekends. Every effort is being made to ensure minimal inconvenience. No site activities or amenities will be interrupted.
Obviously, this is not long enough a time period to be any major construction, so I bet it is construction of the pool. I'll be there in July. I sure hope if it is a pool, they will be finished by the time we get there.


Terry
 

Darlene

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We were at Ko Olina October 11-18th. The outside of the building was done. There was construction on/around the building. We didn't look that closely, but we could hear work being done. It appeared to be on the ground level around building where check-in and valet/parking, and possibly inside where the lobby would be. The units closest to the ocean were empty, and did not appear to have any work being done.
Darlene
 

rpw

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The pools already looked complete

We were there in October also. The pools in front of the new towers looked complete, and I seem to recall the grills were already set up. unfortunately the whole area was blocked by construction fencing.

:bawl: I want to go back......
 

Graceville

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I am at Ko Olina now. The new building is complete, and I am told will open on January 2, 2009. The pool looks great and is being cleaned. The is furniture in the rooms and on the balconies. (Only half the building will open, as it is only 25% sold, I am told.)
 
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