STARADVERTISER / MARCH 21, 1990
The Kakaako block bounded by South, Kawaiahao, Emily and Queen streets, a focal point of a controversy over the felling of an old banyan tree last year, is being cleared by new owner MM Hawaii Investment Corp. to make way for the Keola La‘i Condominiums project. The City Council budget committee is consid- ering resolutions to abandon little-used Marmion Street, which runs through the property, and sell it to the landowner for $4.6 million. The property previously had been owned by Asa Properties Inc., sister company of The Honolulu Advertiser, which sold it to MM Hawaii for $22.5 million.