Updated at 3:18 p.m., Friday, February 16, 2007
Target still considering 'Ewa store despite setback
Advertiser Staff
Target Corp., which is looking to expand to Hawai'i with as many as six new local stores, has pulled out of a deal to place a new outlet in 'Ewa Beach.But the nation's second largest discount retailer is still interested in opening a new store in the fast-growing Leeward O'ahu region, said Art Howard, president of Hawaiian Asset Management & Investment Corp.
Howard's company and San Francisco-based Bristol Group Inc. are developing the 260,000-square-foot Laulani Village retail complex in 'Ewa Beach. Howard said a deal to sell the 20-acre property to Target fell through last month.
He said his company is now in talks with other potential buyers, whom he declined to identify.
Roger Lyons, a local real estate broker who represents Target, declined comment.
Target, a popular shopping destination for local residents traveling on the Mainland, announced last year that it was interested in expanding to Hawai'i.
Target told city lawmakers and local real estate executives that it was interested in as many as six new locations in Hawai'i.
