Wednesday, November 26, 2014

Kailua-Kona is the urban center for West Hawaii and includes several hotels, multi-family and single family residential neighborhoods, several commercial shopping centers and Federal, State and County public facilities. Alaneo is located 2.5 miles from the main section of the city. Property elevations are between 550 ft. and 720 ft. above sea level, with slopes averaging from eight to ten percent providing excellent views from any area.

Three major requirements to a development project in Hawaii are:

 1. Archeological – August, 2005, Rechtman Consulting, LLC completed archeological field work on  E. His group identified six new sites on Lot E during the archeological survey. Rechtman submitted his recommendation of data recovery on only one of the sites to the Department of Land and Natural Resources and has since received positive feedback to his suggestions. The five remaining sites require no additional work and the one site requiring data recovery only can be completed by his group as well.

2. Water rights – Hu-Ko-Pa, LLC has acquired water rights from Waiaha System, LLC, which is the Company providing water to the parcels located above (mauka) Queen Kaahumanu highway. Water tanks are to be designed and built by DYK and pipeline construction is to be performed by Bolton Construction.

3. Rezoning Process – The Compan has hired Carlsmith Ball, LLP for legal representation. A fully completed change of zone application has been accepted for Lot E. 

This property is located within the Urban Expansion on the Land Use Pattern Allocation Guide Map of the County General Plan. The property is also designated for residential use in Kailua-Kona and consistent with the County’s long-range land use plans for the area. Currently, the County Council has slowed its rezoning approvals until Queen Kaahumanu is widened. Projected timelines for rezoning approval takes approximately 18 months. 

The lot is situated between current and proposed subdivisions consisting of RS-7.5, RS-10 and RS-15 residences. Lot E will have a mixed size of lots considering the surrounding lots are sized RS-15 or larger. Lot D will have lots that are similar to the existing subdivision just to the south as well as those proposed west of our property. Our lawyer feels this is a smooth transition and is concurrent with general plans of the County.

Construction of infrastructure will be completed within 12 months of final subdivision approval. Based on current market conditions, lots will be sold over a 2 year period.

All utilities are currently provided to adjacent subdivision which will provide access once development begins.

Category: Hawaii

Kukio is a private oceanfront club and residential community, Kukio embodies luxury and relaxed living amid a landscape of powerful simplicity. At Kukio, the elemental is at the fore - wide horizons, peaceful white sand beaches, and a gracious, warm and welcoming climate.

Kukio is the only private equity Golf and Beach Club on Hawaii's Big Island. The Club includes a full service Member's Clubhouse, luxurious spa and fitness facilities, dining pavilion, beach bar, a ten-hole Tom Fazio-designed short course and Kukio's signature Outdoor Pursuits program. Upslope from the short course is Kukio's eighteen-hole Tom Fazio-designed championship golf course, featuring dramatic panoramic views of the coastlines.

The amenities at Kukio blend with the island's natural physical features to create a truly unique environment. Nearby bays - Uluweuweu and Kua - enhance this dramatic setting, and adjacent Kikaua Point Beach Park includes two pristine white sand beaches - an ideal location for swimming and a variety of ocean sports activities.

Category: Hawaii

The land for the Hawaiian office building was purchased back in 1996 by Margarita and Ken, a neighbor on the island. Margarita ended up buying Ken out a year later because she had the insight that this would be a great office location in years to come. Buying land at a good price is the biggest key to profit in real estate.

This is a great model in commercial building. Great location near downtown Kailua-Kona, quality construction, high demand for office space. We also teamed up with a commercial realty broker that has been involved with government leases on the island for quite awhile. That new relationship eventually landed a long term tenant with the Veterans Administration

 

Government leases and contracts are typically signed for 5 and 10 year increments and tend to get comfortable in one place as long as they don’t expand too quickly. The long term investment in Hawaii is good.

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Category: Hawaii

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