Businessexcellence ACHIEVING
O N L I N E
ALBERT C.
KOBAYASHI
TRUMP TOWER INC. WAIKIKI www.ack-inc.com
C O R P O R AT E B R O C H U R E
Albert C. Kobayashi, Inc.: Trump Tower Waikiki
Another diamond on
Waikiki Albert C. Kobayashi, Inc., the fifth-largest building contractor in the 50th state, has completed construction of the Trump Tower Waikiki, the first luxury high-rise project to be built on world-famous Waikiki Beach in 25 years
T
he name Waikiki Beach conjures up the image of a tropical paradise: fabulous white sandy beaches pounded by wave upon wave of warm Pacific Ocean water, the peak of a volcano on the skyline in the distance. Surfing had its birthplace here, invented by the Hawaiian royal family during the 1800s—a time when the area was their exclusive retreat. Today Waikiki is an exclusive suburb of Honolulu, a haven for holiday makers, the rich and the famous. And after the hotel building boom of the 1980s, its skyline is suitably clean, modern and luxurious, with tall hotels, leisure facilities, clubs and restaurants overlooking the beach and Ala Moana Park.
Albert C. Kobayashi, Inc.: Trump Tower Waikiki
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One construction company that has played a major role in the development of Waikiki, Honolulu, and indeed the whole of Hawaii is Albert C. Kobayashi (ACK). The company was founded back in 1948— before Hawaii became the 50th state. Upon his retirement in 1985, the founder’s three sons took over the day-to-day running of the company, and in 1986 they sold 51 percent of the company to their employees through an employee stock ownership plan that continues in operation today. Large and prestigious contracts for both private and government projects were entrusted to Kobayashi, including the renovation in 1986 of the Hilton Hawaiian Village and the Moana Surfrider Hotel during the hotel building and renovation boom. Later, responding to the needs of the time, the company moved its focus to constructing affordable housing. Today the company continues to hold to the original founding principles of versatility, community involvement and hard work, and its ranking in Hawaii Business magazine’s Top 250 has been improving year after year, reaching 32nd last year. According to the Building Industry Association, the company is the fifth-largest building contractor in Hawaii and provides a wide range of services from pre-construction budgeting and feasibility studies to construction
and full project management. It operates across a wide range of construction sectors including hotel, residential, school, healthcare, restaurant, recreational facilities, cultural center and commercial building construction. Among its many achievements is the construction of the Hawaii Medical Service Association Center, an energy-efficient building featuring vertical concrete fins and horizontal shelves that reduce total air conditioning and lighting demand by 25 percent. With a total floor area of 111,000 square feet, the center was opened in July 1995. Another project of national importance was the Luce Pavilion at the Honolulu Academy of the Arts, a project that included a gift shop, outdoor cafe and two 4,000-square-foot art galleries. Opened to the public in 2001, the pavilion was connected to the original Academy via a perforated wall on the stairway. Moving forward to the present, the company completed an 115,846-square-foot single-story retail complex in Kapolei in 2009. The complex was built using tile-up construction methods and fitted out for the Sports Authority, Office Max, Petco, and Ross Dress for Less retail chains. Also recently completed was the Maryknoll Community Center at the Maryknoll Elementary School campus in Honolulu. The center includes a gymnasium, underground parking, athletic locker rooms, classrooms, meeting rooms and administrative offices. The gem in the company’s portfolio of recent developments, however, is the new Trump Tower Waikiki. It is not only a fitting addition to the area’s exclusive skyline, but it’s the only new high-rise tower and five-star project to be built on the world-famous beach in 25 years. The Trump Tower is the cornerstone of a $1 billion redevelopment of the Waikiki Beach Walk area. Covering some eight acres of prime space, the Waikiki Beach Walk Project is the largest hotel, retail and entertainment complex ever built in the history of the area and includes an outdoor entertainment plaza, 40 retail outlets, six restaurants and four hotels. Set upon a five-story pedestal housing a 232-space parking facility along with dining facilities and retail space, Trump Tower rises to a height of 350 feet, looking down on the properties that surround it and comprising the Trump
Albert C. Kobayashi, Inc.: Trump Tower Waikiki
International Hotel and condominiums. A total of 464 units have been built, ranging from singlebedroom studios to two- and three-bedroom apartments, the largest of which has a massive 3,000 square feet of floor space. Very much aimed at the luxury end of the market, the tower features an extravagant two-story lobby, a full-service spa, signature restaurants and pools with cabanas. Breathtaking outdoor glass elevators carry residents to their rooms, while the sixth floor features an unusual cascading waterfall. Each of the condo and hotel units has a panoramic view of the ocean and nearby Fort DeRussy Park. The units come fully furnished, and the condos were offered with a choice of koa wood, granite or marble finish. The kitchen in each apartment is fully equipped and boasts top-of-the-line SubZero and Wolf appliances. To complete the picture,
a range of luxury services are provided including round-the-clock concierge service, 24-hour room service, and valet and porter services. The $350 million, 38-story building was constructed as a joint venture between ACK and Kiewit Building Group. Ground was broken on the project in April 2007, and the hotel opened to its first guests in November 2009 accompanied by a traditional Hawaiian blessing that took place on the sixth-floor lobby. The tower has already proven a good investment for its owners and for companies like ACK. The high specifications and quality of the building combined with the enviable location on legendary Waikiki Beach and the close proximity of superb leisure facilities attracted a great amount of interest, and as a result nearly all the units were sold out on the first day they were released. www.ack-inc.com
ALBERT C.
TRUMP TOWER KOBAYASHI INC. WAIKIKI