It was announced today that the Kukui'ula developers will invest $165M to complete the facilities and recreational amenities that had previously been on hold. Co-developers A&B Properties and DMB Associates are reported to have renegotiated their agreement leading to this infusion of capital. This thousand acre planned residential community is located on Kauai's South Shore just West of the Poipu resort area. This development combined with the Kukui'ula Village retail center will be a huge upgrade for the area. The retail center itself is slated to open for business this Summer.
Aloha,
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Richard is a Hawaii real estate agent with extensive knowledge of the Kauai & Maui markets. He lives and works on both islands and offers unique insight to his clients. Richard holds BS & MS degrees.
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Richard,
This is really great news for your area, more signs that we are coming out of the real estate doldrums. Hope you get a big personal benefit from this venture.
Thanks for your good wishes Gail and the best to you as well.
Aloha
How was the state Sellabration?
Julie-It was outta sight as trips to Waikiki are always fun and of course our CRS speakers are always outta sight as well. We missed you!
When developers go under it effects the whole area. I'm glad things are back on track and hopefully the economy will also get a boost from the construction.
When
developers go under it effects the whole area. I'm glad things are back
on track and hopefully the economy will also get a boost from the
construction.
It's a huge project with deep pocket backing so it should continue at a somewhat reduced pace.