Genshiro Kawamoto (Twitter) Known as the “Ginza Property King,” Kawamoto, 86, was arrested for violating the Corporation Tax Law by Tokyo District Public Prosecutor’s Office in 2013. "They will be living in heaven now," said Genshiro Kawamoto, 75, a real estate tycoon. In fact, it’s almost like they have 27 neighbors from hell. Japanese biIlioniare Genshiro Kawamoto cancelled a meeting with the city to resolve remaining violations on his Kahala properties. “It’s finally over.”. We could party here and he wouldn’t even grumble.”. In Hawaii, the evictions preceded the mass sell-off of his residential properties, many of which had fallen into disrepair. It didn’t matter whether the places were for sale or not. Most of them you’re free to visit, but there are a few where you’re just not allowed. There were incidents that sent shockwaves through entire communities. In 1988 he bought the former Portlock estate of industrialist Henry Kaiser for $42.5 million—at the time the highest price paid for a house in the U.S. Six years later, declaring that Bishop Estate, the leaseholder, wanted too much money for the fee interest on the property, he simply walked away from the house, surrendering the keys and swallowing the loss. Another two lots (for which Kamamoto paid over $30 million and then demolished the homes so that he could build a tea garden) holds Japanese statues as tall as 18 feet. Kawamoto became known as “landlord of nightspots.” When property values skyrocketed during Japan’s bubble period, Kawamoto, who has never married, became one of the wealthiest men in Japan. The uproar over the mass evictions led California to strengthen its tenants-rights laws. “What to do about Kawamoto” was a constant topic of discussion. Here are a few of Hawai‘i’s best. For the three native Hawaiian families house-sitting in Kahala, it was Kawamoto who was the angel. There was, for instance, the second phase of housing construction at Kapolei, which the state had picked him to build. Here's a look into that original list, published in October, 1987. If you’re looking to enter Oahu’s most publicized luxury market, now may be your chance. The big question remains: What was that all about? Alexander & Baldwin made a deal with Kawamoto, out on bail, to buy most of his Hawaii holdings. Kawamoto spent his life buying luxury properties in Japan and Hawaii only to leave them uninhabited until they began to slowly fall apart. He let us live here freely, however we wanted to. It’s unclear if that got Kawamoto’s attention or whether the timing was coincidental, but the month after the fines went into effect, Alexander & Baldwin announced it had bought Kawamoto’s properties. “So the eight families, say they have 50 relatives and friends each, that will bring another 400 people to visit Kahala Avenue and have parties,” he said. Genshiro Kawamoto, Producer: Rokumeikan. He called the project his Kahala Avenue Mission. Who would think that a person described as "an eccentric real estate tycoon" would be responsible for an experiment that brings into play social issues such as race, class, occupation, overthrow, and even--it's not much of a stretch--reparations: The first Hawaiian family may move into one of Genshiro Kawamoto's million … He answered Hawaii News Now in one, matter-of-fact word: “Jealous.”. “Everybody and their other halves are more stable now and more able to afford their own stuffs,” she says. Political backlash ensued, including a very public war of words with then-Mayor Frank Fasi, who had proposed banning foreign buyers from investing in residential real estate. But fines of that amount are chump change to the billionaire, who has spent well over $100 million to buy up all the properties. There were petty incidents, like in 2001, when he tore up the driveway that two of his neighbors used in Kahaluu and posted a “no trespassing” sign.
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