A&B presents new resort plan to Kaua’i community By TGI STAFF Alexander & Baldwin’s recently announced partnership with Scottsdale, Ariz.-based real estate development firm DMB is resulting in major changes to long-term plans for its 1,000 acre property at Kukui’ula.
A&B presents new resort plan to Kaua’i community
By TGI STAFF
Alexander & Baldwin’s recently announced partnership with Scottsdale, Ariz.-based real estate development firm DMB is resulting in major changes to long-term plans for its 1,000 acre property at Kukui’ula.
The South Shore project is now projected to be built-out in about 12 years, rather than the 25 or so years originally planned.
The project was presented to the Koloa Community Association last week, and goes before the Poipu Beach Resort Association this week at the resort marketing organization’s general membership meeting.
The density of the resort is also receiving a major trim, with the 3,900 units in the firm’s original plans now down to 1,500 units, per the advice of DMB.
The resort and residential project will include single-family and multi-family units, parcels of land, plus a time share and hotel complex. Most feature ocean views. All will be kept under two stories in height, said former county planning director Tom Shigemoto will work closely with Roberts on the project.
Shigemoto is now an A&B Properties vice president.
The Ariziona firm is sending over Michael Roberts, a DMB vice president, to head up the project.
The hotel and time share unit section of the project is being pared back to a 60-unit boutique-style property. It was originally planned to be a 200-unit property and located nearer the Kukuiula Harbor. The time share section is now down to 100 units, from the 500 units originally projected.
The companies have signed Tom Weiskopf to design a 250-acre, 18-hole golf course for the Kukui’ula project.
Other features include walk and biking paths with free access to the public, and a new county road that would eventually link the Koloa area with Kalaheo. An upper road, that would have cut straight across the project, has been eliminated. Sites for schools, a nature preserve area and an archaeological preserve, and a small commercial center on the Po’ipu side of the project are carried over.
A community-run park on the Koloa side of the coastal project is being planned, Shigemoto said.
At Kukui’ula Small Boat Harbor additional parking would be added, as well as a public beach park. Coastal access for fishermen along sections of the rocky coast beyond the harbor would be preserved.
In the joint venture, A&B is providing land and infrastructure valued at $40 million, and DMB will fund future development expected to cost $400 million over the next 12 years. The two companies have formed a limited liability company and each will hold a 50 percent share in the firm.
State Land Use Commission and approvals from the County of Kaua’i are needed for sections of the project. The process should take about two years, Shigemoto said. Ten years of development work would follow the permitting time frame.
