LIHUE — The first phase of construction for a Lihue resort, which includes a three-building complex of condominiums and townhomes overlooking the Ninini Point Lighthouse, is beginning to take form.
The Timbers Kauai Ocean Club and Residences, which will cost about $140 million, has topped off and framed the Maliula, a 28-unit condominium building which will include a fitness club and spa.
“We are six months into completing construction on the former Ritz-Carlton site,” said Mike Cuthbertson, managing director of Timbers Resorts. “The building’s been dormant out there on the cliff front for years. The construction there is going fantastic.”
Also beginning to take shape is the 14-unit Kaiholo Building, which is about to finish structural construction.
“That’s about three weeks away from finishing out, and then we’ll start framing out the units over there,” Cuthbertson said.
Completing the campus will be the five Laloa Town homes, which is in still in the beginning stages.
There’s a total of 47 residences, a mixture of two-, three- and four-bedroom units.
About half of the residences will be sold whole ownership and the other half will be sold in parts as a private-residence club.
Construction for the complex is slated for next summer.
On the development and design side of the project, 10 people are employed with Timbers, while the hotel’s general contractor Layton and its subcontractors averages about 40-50 people daily.
“Over the next couple of months, that will ramp up very quickly as we frame these buildings and begin to call on all of the trades to complete this construction,” Cuthbertson said. “We’ll be employing a couple hundred people on this project.”
Cuthbertson said pre-reservation sales for the units have surpassed the $60 million mark.
The first occupants are expected to move in next July.
As far as the next phase of construction, Cuthbertson said that will consist of the Timbers hotel, which is expected to start construction by the end of 2019.
“(Timbers is) looking forward to express that design in the next couple of months,” Cuthbertson said.
Timbers Resorts purchased the 450-acre spot, behind the Kauai Marriott Resort, for $60 million in January 2015.
Once construction is complete by 2020, Hokuala will include a hotel, single-family homes, condos, a restaurant and a golf course.