Monday, November 30, 2009

98 acres of Hawaii's North Shore is headed for a sealed-bid sale

Nearly 100 acres of agricultural land next to the Turtle Bay Resort on O'ahu's North Shore are headed for a sealed-bid sale, four years after a Florida-based investment firm bought the oceanfront property for $2 million with plans to subdivide it for potential residential use.

The property on Marconi Road includes an old home and a commercial building that once housed Hawai'i's first wireless telegraph station, established in 1901 under a contract with a company set up by the Italian inventor of the technology, Guglielmo Marconi.

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