The second phase of the Poipu Shopping Village will be owned, developed and managed by the Honu Group, a Honolulu-based development and management company that has companies like Chanel and Gucci as clients. Po‘ipu’s “phase two” will boast 75,000-square-feet of
The second phase of the Poipu Shopping Village will be owned, developed and managed by the Honu Group, a Honolulu-based development and management company that has companies like Chanel and Gucci as clients.
Po‘ipu’s “phase two” will boast 75,000-square-feet of resort-oriented shops and restaurants on the 7-acre parcel of land. The second phase will look more like Maui’s Whaler Shopping Village in Lahaina than Waikiki.
“It could attract similar tenants (as those in) Whaler’s Village in Lahaina or Wailea Shopping Center in Maui,” said Frank Supon, a real-estate professional with Pacific Ocean Properties, the firm handling the sale.
The development will triple the size of the existing Poipu Shopping Village, and be anchored by a resort-style marketplace and “a couple of large restaurants” such as a casual-Hawaiian eatery or a steakhouse, Supon said.
Phase two will be immediately adjacent and north of the existing Poipu Shopping Village, and include a mix of restaurants, retail stores, support stores, a market, offices and medical complex.
The development will include some 350 to 400 parking spaces.
The Honu Group purchased the leasehold interest in phase two from the existing owner, and the deal is now in escrow. The purchase price was not disclosed. The land is owned by the Knudsen trust.
The group is in the process of obtaining the proper zoning and county Planning Department approvals, and public hearings could happen as early as this fall. Construction could begin by early next year.
Leaders of the Honu Group built, managed and leased two Waikiki properties, 2100 Kalakaua and the building next door, the King Kalakaua Plaza. They recently turned over both properties to other management.
In spite of market analysts’ warnings that the high-end retail market aimed at big-spending Japanese might be losing its luster, the Honu Group went ahead anyway with their Waikiki plans, drawing a plethora of the priciest retailers to their properties, including Yves Saint Laurent, Chanel, Gucci, Tod’s and Boucheron.
King Kalakaua Plaza is anchored by Nike Town, Banana Republic and All Star Hawaii.
Before building their Waikiki property, Honu executives spent a lot of time in Japan pitching their project to more than 120 Japanese media outlets, surveying and tracking responses.
But the Mainland-driven market of Po‘ipu is a far cry from that of Waikiki, and nearly identical to Maui’s demographic.
The Honu Group leaders unveiled part of their development plans for the second phase last week at a meeting of the Koloa Community Association.
They’ll be meeting this week with the Poipu Beach Resort Association’s board of directors, and an official unveiling of the proposed development, complete with mock-ups, could be available within the week.
Phil Hayworth, business editor, may be reached at 245-3681 (ext. 251) or phayworth@pulitzer.net.
