PHOTO COURTESY OF Pacifica honolulu High-rise condo tower re-emerges from bankruptcy. Pacifica Honolulu, a 46-story project that was mothballed for more than a year after its first developer went bankrupt, opened as planned early this month. Last year, San Diego-based developer OliverMcMillan resurrected the $284-million project, first called Moana Vista. Ledcor Construction, working with Architects Hawaii Ltd., Gensler Architects and Baldridge Associates Structural Engineers, finished the job that was begun by the first general contractor, Hawaiian Dredging Construction, which lost its construction loan when the project was at the 27th floor.
Despite a faltering international market, 2015 and the beginning of 2016 are proving to be strong years for U.S. contractors, with steady domestic growth and only moderate strain from workforce shortages.