Food Pantry, Ltd. Signs New Space Lease

Food Pantry’s “The Market at Waikīkī” to Debut in 2021 at Līlia Waikīkī

On land owned by the Queen Emma Land Company, a long-term space lease has been executed with Food Pantry, Ltd. to reopen a full-service grocery store at Līlia Waikīkī upon the project’s completion in mid-2021.

“We are thrilled to be able to announce that Food Pantry will return to Līlia Waikīkī with a brand-new store and offer its quality products and exceptional service in a way that only a locally owned business with a nearly 60-year history in this community can do” said Dene Oliver, Brookfield Properties Chief Vision Officer (former CEO/Founder of OliverMcMillan). “We started talking to Food Pantry from day one, and haven’t spoken to anyone else since. There’s no better grocer operator for Līlia Waikīkī and the Waikīkī community.”

Food Pantry’s new full-service local grocer concept, “The Market at Waikīkī,” will occupy 27,000 square feet of space on two floors, accessible from a ground floor entrance on Kūhiō Avenue.

“Food Pantry is extremely excited to be able to return to this special location where we opened our first store in 1960. We have a long history of serving Waikīkī residents and visitors, and look forward to continuing to be a part of the community for years to come,” said Roger Wall, vice chairman for The Sullivan Family of Companies.

Līlia Waikīkī received City Council’s vote of 8-0 in support of its Planned Development – Apartment (PD-A) permit in December 2018 and is expected to break ground in the first half of 2019 on the corner of Kūhiō Avenue and Kānekapōlei Street. Upon completion, the mixed-use development will deliver 455 units of much-needed rental housing in the heart of Waikīkī and provide over 43,000 total square feet of neighborhood-serving retail with Food Pantry as its anchor.

“From the very beginning of our partnership, OliverMcMillan (now part of Brookfield Properties) has engaged with the community and been very responsive to their needs and desires,” said Eric Martinson, President of Queen Emma Land Company. “With the signing of the Food Pantry lease, we are happy knowing that a local business with a nearly 60-year vested interest in this community will be back with the opening of Līlia Waikīkī.”

During construction, patrons are encouraged to visit Food Pantry’s other locations including Food Pantry on Hobron Lane, Holoholo Café and Market on Kūhiō Avenue, Whaler’s General Store on Kūhiō Avenue and Coco Cove on Kalākaua which will offer expanded grocery offerings.

This revitalization is estimated to create 600 development and construction jobs, as well as 90 permanent operational positions providing long term economic stimulus. Despite no affordable housing requirement tied to the rental development, Līlia Waikīkī is offering 20 percent of the units (91 units) to households earning up to 80 percent of the area medium income (AMI) – an affordability level that has been historically underserved in both for-rent and for-sale housing redevelopments in Honolulu. To go one step further, Brookfield Properties (formerly OliverMcMillan) has offered a 30-year affordability period for these units.

Brookfield Residential, acquired OliverMcMillan, the San Diego-based developer of large-scale mixed- use properties in February 2018. As of January 2019, Brookfield Properties is now part of Brookfield Properties offering a variety of real estate capabilities.

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