City and County of Honolulu v. Market Place, Ltd.

*227OPINION OF THE COURT BY

LEVINSON, J.

This is an eminent domain proceeding arising out of a taking by the City and County of Honolulu of a parcel of ocean-front land at the foot of Diamond Head, for the purpose of extending Kapiolani Park. The land comprises 55,894 square feet in area and is improved by an expensive, two-story residential home. On the date of summons, August 25, 1969, it was owned by the defendant-appellee, cross-appellant Market Place, Limited, hereinafter referred to as MPL, which had leased it to the defendant-appellee DHS Corporation, hereinafter referred to as DHS, under a…