HHC Gives DeBartolo Kapolei Center OK On EA

Posted on Dec 14, 2011 in News Releases

FOR IMMEDIATE RELEASE

December 14, 2011

Hawaiian Homes Commission Gives DeBartolo Kapolei Center Favorable Vote on Environmental Assessment

Ka Makana Ali’i Center Receives Positive Finding of No Significant Impact

KAPOLEI, Hawaii – The Hawaiian Homes Commission gave approval this week to the determination of Finding of No Significant Impact (known as FONSI) for the Final Environmental Assessment for the Ka Makana Ali’i Conceptual Master Plan. The 67.7-acre parcel in East Kapolei will be the site of a regional mixed-use center and when completed, will be the third largest shopping center on Oahu.

Ka Makana Ali’i Center will be a 1.4 million-square-foot, mixed-use regional center located between Kapolei Parkway and Roosevelt Avenue, and will be surrounded by the new University of Hawaii – West Oahu campus; Kapolei Middle and High schools; and housing developments planned by the Hawaiian Home Lands Trust. The area will also be served by the city’s rail transit system. Hawaii DeBartolo LLC is the developer for the land.

“The commission’s vote on Dec. 12 on the Environmental Assessment allows Ka Makana Ali’i to move forward,” Homes Commission Chairman Albert “Alapaki” Nahale-a said. “We are pleased that this project has met another crucial benchmark and that this much-anticipated community shopping development will result in millions of dollars in revenue to finance homesteading opportunities for our beneficiaries.”

“With this, Ka Makana Ali’i, is one step closer to becoming a reality for the West Oahu community,” said Edward Kobel, DeBartolo Development President and Chief Operating Officer. “We have been receiving strong interest from tenants for the center, and tenant announcements will follow in the upcoming months. We are excited about bringing the best of the local and national retailers as well as some new shopping the Islands have never had before, to Ka Makana Ali’i.”

Ka Makana Ali’i Center will encompass a major department store; family entertainment complex; retail stores; restaurants; two hotels catering to kama’āina; low-rise office buildings; a pedestrian plaza surrounded by outdoor cafes; underground parking; and a neighborhood commercial area with specialty market, drug stores, and convenient shops and services designed to meet daily shopping needs of the community.

Construction will proceed in two phases over the next four years and will cost a projected total of more than $400 million. An estimated 21,000 construction jobs will be created, as well as over 7,000 new quality direct and indirect jobs in the businesses that move into the center.

Phase I is located along the western portion and is approximately 19.72 acres with a total of 200,681 sq. ft. of building area. Phase 2 is scheduled to start before the completion of Phase I and will have a total of 1.145 million sq. ft. of building area.

Lee Sichter LLC of Hawaii prepared the environmental assessment.

-30-

Media Contact:

For DHHL:
Crystal L. Kua, Administrator
Information and Community Relations Office
Department of Hawaiian Home Lands
Office: 808-620-9591 | Crystal.L.Kua@hawaii.gov

For Hawaii DeBartolo
Lynette Lo Tom
(808) 275-3004 D
lynette@brightlightmarketing.com
Bright Light Marketing

About DeBartolo Development, LLC

For more than six decades, the DeBartolo name has been an icon in the real estate industry. Founded by legendary entrepreneur Edward J. DeBartolo Sr., DeBartolo pioneered the mall concept and built some of the most well-known shopping meccas in the nation. Led today by Edward J. DeBartolo Jr., former owner of the five-time Super Bowl Champion San Francisco 49ers and two-time Stanley Cup Champion Pittsburgh Penguins, and his brother, Edward Kobel, DeBartolo Development is one of the largest privately held real estate development companies in the country. With years of work in ground-up development, joint venture projects and asset management, DeBartolo Development has extensive experience in a wide range of capabilities. From basic retail centers to the most modern mixed-use environments, to reliable investment opportunities, DeBartolo Development continues the family tradition with a suite of solutions created to meet the unique challenges of today’s market. For more information about DeBartolo Development, please visit our Website at www.debartolodevelopment.com.