According to today's Garden Island newspaper, Poipu's largest project, Kukui'ula is laying off about 20% of it's staff because of market conditions. The president is reported to have said he hoped no additional cuts would be necessary which leaves open the possibility that there could be more later. It is reported that timelines for the homes, golf course, and shopping center are unaffected by this.
Photo in The Garden Island newspaper
Kukui'ula is the largest ongoing development project on Kauai's South Shore. The develoepr, Kukui'ula Development Company is comprised of a partnership between A&B Properties, Inc and DMB Associates, Inc. A&B is a Hawaii company with extensive land holdings and DMB is an Arizone company with extensive experience in luxury home communities.
Kukui'ula is still marketing their homes and home sites. I have information on the project including pricing and availability for those who are interested.
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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