This empty lot in Waikiki is ripe for building, or perhaps it's owned by a developer who is biding his time, hoping to buy adjacent properties to build something tall.
Construction projects that had been active when I was here in November are being completed; those loans don't extend indefinitely.
Friends and relatives on the Mainland have been shocked at the price of Hawaiian rentals. Tourism is almost back to pre-pandemic levels.
Given construction lead times, owners of empty lots such as this one should be laying the groundwork(!) for a speculative build, but it's not my money and advice is cheap.
Then the chickens will have to find another place to strut.
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