LUC Designates Ka Makana Ali‘i Mixed-UsePosted on Mar 13, 2013 in Department of Hawaiian Home Lands, Media Releases
Hawai‘i DeBartolo Completes Land Use Commission Process
Designating Ka Makana Ali‘i Mixed-Use
DeBartolo Proceeds with Entitlement Permits to Break Ground on
First Regional Shopping Center to be Built in Hawai‘i in More Than 30 Years
HONOLULU, Mar. 13, 2013 – Hawai’i DeBartolo recently completed the Land Use Commission process to designate Ka Makana Ali‘i a mixed-use development. This allows DeBartolo to proceed with obtaining entitlement permits needed to break ground on the first regional shopping center to be built in Hawai’i in over 30 years.
The State Land Use Commission (LUC) voted on September 14, 2012 to approve The Department of Hawaiian Home Lands’ request to amend Ka Makana Ali‘i’s land use designation from “sports complex” to “mixed use”. On January 14, 2013, the Finding of Fact, Conclusions of Law and Decision and Order was filed with the LUC, and on February 11, 2013, the Declaration of Conditions was recorded with the Bureau of Conveyances to complete the LUC process. Hawai‘i DeBartolo will lease the land to build Ka Makana Ali‘i from the Department of Hawaiian Home Lands.
“With the LUC process complete, we are free to proceed with securing the permitting necessary to break ground on Ka Makana Ali‘i , “ said Erin Nellis, Development Officer for DeBartolo. “We are excited to be working on the next steps of the development process on this project.”
Located between Kapolei Parkway, Roosevelt Avenue and Kualakai Parkway (formerly known as North-South Road), KMA will be a 1.4 million-square-foot urban mixed-use center that is expected to provide an economic boost for the region and become West O‘ahu’s community hub. After the permits are completed, DeBartolo expects construction to commence on the $350-million-project.
For more information: www.kamakanaalii.com
About DeBartolo Development, LLC
Built on a legacy of more than six decades, the DeBartolo name is recognized as an icon in the real estate industry. Since its beginnings in 1944, legendary entrepreneur Edward J. DeBartolo Sr., innovated the mall concept and developed some of the most well-known and nationally-recognized shopping landmarks in the country. With the same entrepreneurial spirit, 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, have built DeBartolo Development into one of the largest privately held real estate development companies in the country. Today, the firm opportunistically invests in real estate assets of all sizes and scopes, specializing in distressed real estate and market-driven, ground-up development throughout the United States. DeBartolo’s focus is in the acquisition of high quality multifamily, retail, hospitality and mixed-use properties in established markets that are undervalued because of capital constraints or poor management with the potential for value-added yield. A key component to DeBartolo’s success has been its ability to form and maintain strategic relationships with its capital partners. Throughout its history, the firm has maintained and expanded those existing capital relationships and today continues to form and create new strategic alliances that include institutional investors, national and local financial institutions and a network of broker-dealer firms. For more information about DeBartolo Development, please visit our Website at www.debartolodevelopment.com.
Lynette Lo Tom
Bright Light Marketing
(808) 275-3004 D