INDUSTRIAL THE RISE pg.22 - RAISING
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SPECIAL PROMOTIONAL SECTION LIVE + WORK + INVEST Reaching Mokulele Airline’s DARRYL GRACE Aims High HEIGHTS BILLION REASONS TO INVEST IN KAPOLEI pg.12 INDUSTRIAL RAISING LIVING & INVESTMENT ON THE RETAIL BAR THRIVING IN THE RISE pg.22 pg.28 KAPOLEI pg.42
Live + Work + I N V E S T Profit Grows Here Hurry, only a few investment opportunities remain Everything is growing in Kapolei. Jobs. Population. Housing. Infrastructure. Rail transit. Income. Investments. And profits. Take advantage of the benefits of Hawaii’s fastest growing region and find out how you can invest in success like Costco, Target, Disney Vacation Club, University of Hawaii-West Oahu, Gentry Investment Group, MacNaughton Group, Kobayashi Group, Avalon Development Co., The Maryl Group and more. They know a good deal when they see one. Find your opportunity now and become Kapolei’s next success story. For more information contact: Kapolei Properties LLC www.kapolei.com 2 KAPOLEI
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T Investors Fuel Kapolei’s Growth WE’RE E XPERIENCING A MOMENTOUS TIME in Kapolei’s development. The investments made by our many business, government and community partners over the past 24 years have been fueling the incremental development of the new city as it was imagined in the Kapolei Long Range Master Plan. CONTENTS In this issue of Kapolei Magazine, we take a look at some of the key FE ATURES developments over the past year that have raised the city to new heights – symbolically depicted on our cover by Mokulele Airlines 6 Kapolei Reaches New Heights which began commercial flight service out of Kalaeloa Airport in 12 110 Billion Reasons to Invest in Kapolei July 2014. The investors responsible for these developments are 16 Staying Well and Living Well in Ewa contributing significantly to the economic strength of the region and creating jobs for its expanding workforce. So much so that it is 20 A New Industrial Revolution estimated that the total economic activity over the next 20 years 22 Q&A: Industrial Investment on the Rise will exceed $110 billion. 28 Kapolei: Raising the Retail Bar • Industrial Growth – with major investors opening up prime industrial lands to meet the long pent-up demand 36 Education in Kapolei: Pathways for industrial space. to the Future • Transportation – with multi-modal access increasing mobility 42 Living and Thriving in East Kapolei in and out of Kapolei by air, rail and roads. • Retail – with the city’s largest retail center adding fresh attractions 48 Kalaeloa’s Growing Job Center as it expands, while a new investor promises a creative twist to the 58 Ko Olina Resort: Keeping it Fresh shopping center concept. • Healthcare – with the state’s largest private hospital bringing back critical emergency room and hospital services to West Oahu. PROFILES • Education – with higher education options expanding for traditional and non-traditional students. 15 Darryl Grace • Revitalization – with redevelopment of Kalaeloa transforming the character of the community. Flying High & Having Fun • Community Development – with rich community resources 18 Dan Grabauskas extending East Kapolei’s impact beyond its borders. RAIL Spells Relief These investors are indeed the fuel driving the economic engine 26 Christine Camp that is Kapolei. As new investors come to take advantage of the The Power of a Vision opportunities for growth and expansion in the fastest growing region 34 Rick Nakashima in the state, Kapolei will realize its potential as a dynamic new city The Entrepreneurial Spirit where Oahu’s future lies. 40 Todd Bedford Making Connections in Kapolei 46 Bob Bruhl From Wall Street to Merchant Street Brad Myers, President Kapolei Properties LLC 56 Linda Painter Right Up Her Alley Theresia McMurdo Maya Leland EDITOR WRITER MAPS & GR APHS 12 Demographic Charts and Graphs KAPOLEI MAGAZINE All contents copyright © 2014. Published in partnership with 32 Kapolei Area Long Range Master Plan Map Kapolei Properties LLC and Hawaii Business magazine, 1000 Bishop Street, Suite 405, Honolulu, HI 96813. Telephone (808) 537-9500. Printed in Hawaii. All information contained herein is based on information currently available to Kapolei Properties LLC, 62 The City of Kapolei Map and is subject to change at any time without notice. Statements contained herein are not to be construed as official policy positions of Kapolei Properties LLC, James Campbell Company LLC, its affiliates or any of the developers or companies involved in the building of Kapolei. No rights or benefits of any type are inferred by this publication. KAPOLEI 3
Live + Work + I N V E S T SUN · EARTH · OCEAN Visit KoOlina.com for resort, dining, and activity information. 4 KAPOLEI
Live + Work + I N V E S T Welcome to the resort life. WHEN YOU LIVE IN HOAKALEI EVERY DAY FEELS LIKE A VACATION. Imagine being greeted every day by breathtaking views of Ernie Els’ signature Hoakalei Country Club golf course. Lounging by your own neighborhood pool and spa. Walking or jogging along the scenic shoreline trail. Imagine kayaking and paddleboarding in the sheltered waters of the spectacular new Wai Kai Lagoon. And then returning home at the end of the day to the island-inspired luxury of your new home — here in Hoakalei, Hawai‘i’s year-round, family-friendly resort. Come tour our newest neighborhoods. Models are open daily 10am-5pm. Learn more at HoakaleiResidences.com From the $600,000s to over $1 million (FS). ‘Ewa Beach, O‘ahu. 3% broker participation. Broker must accompany client on first visit. A MASTER - PLANNED COMMUNITY BY HASEKO DEVELOPMENT, INC. The proposed Wai Kai Lagoon, the neighborhood pools and spas, and other amenities included in the master plan for the Hoakalei Resort are in the conceptual planning stages, are subject to governmental approvals, and are subject to change without notice. Purchase of a residence at Hoakalei Resort includes the use of the respective project’s neighborhood pool, spa, and barbeque area (when developed). Costs related to a project’s pool, spa, and barbeque area (when developed) will be included in the mandatory monthly Homeowners’ Association fees. Purchase of a residence at Hoakalei Resort does not include membership in the Hoakalei Country Club Golf Course. Access to golf and other amenities (including access to the planned lagoon) may be subject to the payment of certain fees, charges, membership requirements, and other requirements and restrictions. The prices of our residences are subject to change at any time without prior notice or obligation and are subject to availability. This does not constitute an offer to sell or solicitation of offers to purchase in any jurisdiction where prior registration is required. Void where prohibited by law. Broker participation is subject to revocation at any time without prior notice. – lie Street, #205, ‘Ewa Beach, Hawai‘i 96706 Tel: 808.689.7772 ext 281 Offered by: Haseko Realty (Hawai‘i) Inc., 91-1001 Kaima KAPOLEI 5
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T Kapolei Reaches New Heights With planes, rail and roads T is an R A N S P O R TAT I O N important component of Kapolei’s economy. It’s the lifeline that opens up opportunities within and beyond the region – from better PHOTO: OLIVIER KONING access by air, rail and roads to jobs, goods and services, to the expansion Guideway construction is no of markets for investors who in easy task, as each span (between turn create jobs and help to fuel a columns) has approximately 12 robust and growing economy. This year, Kapolei’s transporta- concrete segments, each of which tion system took flight, so to speak, weighs 50 tons. with this trio of mobility modes. 6 KAPOLEI
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T • The children of Kapolei eagerly assist Mayor Kirk Caldwell (center) and (L-R) Rep. Ty Cullen, Rep. Mark Takai, Councilmember Kymberly Pine, Councilmember Ron Menor, Sen. Mike Gabbarod and Rep. Sharon Har with the opening of Kapolei Parway, which will greatly enhance mobility in the region. PHOTO: OLIVIER KONING Air -- Mokulele Airlines launches were in good enough condition to allow Mokulele’s expansion plans call for first commercial air service at operations to begin without big capital new routes from Kalaeloa to Molokai Kalaeloa improvements. And there were already and Kapalua, Maui in the fall, with Kona July 1, 2014 -- Kona-based Mokulele a number of businesses and attractions and Lanai to follow later. The airline Airlines launched its inaugural flights present in the area. plans to roll out cargo service once its out of Kalaeloa Airport to Kahului, 15 Then there were the benefits that new reservations system is complete years to the day since the U.S. Navy de- would appeal to the traveling public: sometime in the early fall. activated the former Barbers Point Na- Short travel time to the airport for local Mokulele also offers a corporate val Air Station John Rodgers Field and residents and Ko Olina guests flying program for business travel. ”It’s still turned it over to the State of Hawaii. inter-island (no H-1 Freeway traffic to the best in the state, with no enroll- This was significant because it Honolulu International Airport). No ment fees, free bags, no change fees, and marked the start of commercial air TSA screening required for nine-pas- qualifications have been lowered to just service out of Kalaeloa (Airport code: senger planes. Easy and ample parking. 50 segments per year,” said Berry. Busi- JRF for John Rodgers Field), with six No long waits to board or deplane. And nesses can get information about setting daily round trips between Kalaeloa and as an added extra, dramatic views of the up a corporate account at corporate@ Kahului, Maui. islands from flying at lower altitudes. mokulelehawaii.com It was almost happenstance that “We started doing our research on brought this about, according to Chief the community and assessing the area’s Operating Officer David Berry. Over a need for additional transportation op- Rail – HART moving forward on year before, the company was looking tions,” said Berry. rapid transit construction at Kalaeloa hangar space to do mainte- Airline executives received enthusi- When construction stalled on the nance work on their fleet. astic support from members of the com- Honolulu Rail Transit Project because of “When we saw the airport and how munity and the neighborhood boards, court delays, there were just 16 complet- underutilized it was, the proverbial and a year later, Mokulele started air ed guideway columns dotting the East light bulb went off,” said Berry. service between Kalaeloa and Kahului. Kapolei landscape. As soon as the court The benefits were certainly compel- “When you start a new service where cleared the way in the fall of 2013, work ling: The airport is in a key location none existed before, it’s hard to predict resumed immediately on column pro- within the new city’s growth corridor. what the response will be,” Berry said. duction for the elevated rail guideway. The air routes were already estab- “Our numbers are up and better than Construction moved at a steady clip, and lished, which meant Mokulele could our projections, and they keep getting at the time of this writing, Kiewit Infra- use existing FAA approved routes. The better every day.” structure West’s crew had brought that small terminal and airport facilities 8 KAPOLEI
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T “Kapolei residents will be able to take the bus to the City transit center and make the connection to the rail station, or drive to the station via Kapolei Parkway.” — M IC H A E L F O R M B Y, DTS director Kapolei to Aloha Stadium. fuller development of a transit-oriented The rail project has created more community where residents can live, than 1,100 jobs thus far, with more work, connect and play using public than 140 construction people work- transit,” said Michael Formby, the ing at Kiewit’s 34-acre casting yard in City’s DTS director. Kapolei. The alignment of the fixed-rail The first 10 miles of the system is guideway extension into Kapolei meets number to more than 100 columns. expected to open in 2017, with the full up with Kapolei Parkway, and the This represents a major milestone 20 miles in operation in 2019. Kapolei Rail Station is near the City’s for the project, according to HART planned bus intermodal transit center. CEO Dan Grabauskas. “We completed Roads — Kapolei Parkway com- “Kapolei residents will be able to take the first spans for the elevated rail pletes major connections the bus to the City transit center and guideway, on which the trains will The City and County of Honolulu’s make the connection to the rail station, run,” he said. Department of Transportation Services or drive to the station via Kapolei Park- Guideway construction is no easy (DTS) just completed Kapolei Parkway way,” said Formby. task, as each span (the portion of the in October 2014 and with this criti- The Kapolei Parkway extension guideway between one column and the cal new connection, residents have an also connects to Kapolei Properties next) has approximately 12 concrete alternative route to the area’s residential LLC’s recently completed city center segments, each of which weights 50 and commercial centers as well as the streets that complete the internal grid tons. To get an idea of the enormity of H-1 Freeway. in the urban core. Alohikea Street now the project, it will take more than 5,200 “The opening of Kapolei Parkway connects between Haumea and Ku‘ou of these segments to complete the first also completes the foundation for the Streets, and Alakahawai Street con- 10 miles of the guideway from East extension of rail into Kapolei and the nects Uluohia and Wakea Streets. Untitled-2 1 10/16/14 8:47 AM
Live + Work + I N V E S T Leading the nation in solar energy. Percentage of customers in Hawai‘i with solar Kaua‘i Island Utility Cooperative 6.1%* Hawaiian Electric 11.0%* Maui Electric 9.0%* 0.5%** Hawai‘i Electric Light 8.0%* * As of 6/30/14 ** As of 12/31/13 National data courtesy of Solar Electric Power Association Rooftop solar has grown dramatically in Hawai‘i in the Through continued renewable growth and increased past several years. Hawai‘i is now first in the nation energy efficiency, our goals for 2030 are to: for installed solar PV systems per customer. • Triple the amount of distributed solar power • Achieve more than 65% renewable energy Solar power, both utility-scale and rooftop systems, is part of our state’s diverse clean energy portfolio. With Hawai‘i is setting new standards for others to follow, energy from solar, wind, waste-to-energy, biofuels, so that future generations can live in a cleaner, more hydro and geothermal facilities, Hawai‘i receives sustainable world. 19% of its energy from renewable sources. Find out more at www.hawaiianelectric.com. KAPOLEI 11
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T 110 Billion Reasons to Invest in Kapolei Kapolei's Total Economic Activity over the next 20 years is projected to exceed $110 billion. $110 B KAPOLEI'S POPULATION HERE'S A BIG NUM- 168,940 B E R TO CO N S I D E R : GROWTH Over the next 20 years, 156,910 2000-2035 107,234 143,290 Kapolei's total econom- ic activity is projected SOURCE: Plasch Econ to exceed $110 billion. Pacific, LLC 128,250 With an uptick in growth 112,440 across all sectors of the 101,400 state's economy, Kapolei is in a particularly ideal position to 85,850 attract investors looking for expan- sion opportunities. This is especially true 68,700 in the industrial sector, where Kapolei is poised to be the center of an industrial real estate boom for years to come. Business, too, is flourishing with the growth in the commercial and retail sectors. Underpinning all this is the phenomenal growth Kapolei has been seeing in the region’s population. To put this in perspective, in 1990 Kapolei’s popula- tion was 68,700. That number is projected to increase by nearly 64 percent to 112,440 in 2015, and another 50 percent by 2035. Kapolei is a young community, with a 2000 2005 2010 2015 2020 2025 2030 2035 median age of 31.9, and is well educated, with nearly 62 percent having a higher education ranging from some and affluent, with a median household income of $83,300. college to associate, bachelor and graduate degrees. It Kapolei is also ethnically diverse, making it a rich multi- is stable, with a nearly 75 percent homeownership rate, layered, multi-racial community. KAPOLEI KAPOLEI REGION SOURCE: 2010 U.S. Census DEMOGRAPHICS POPULATION BY ETHNICITY AVERAGE HOUSEHOLD SIZE: 3.43 MEDIAN AGE: 31.9 Filipino 26.8 % 0.9 % Korean EDUCATION: 1.5 % Chinese High school – 30.1% 4.3 % Other Two or Some college – 26.1% more races 28.1 % Associate’s degree – 11.6% 4.9 % Other Asian Bachelor’s degree – 17.5% 9.3 % Native Hawaiian & Graduate degree – 6.6% Caucasian 18.6 Other Pacific Islander SOURCE: 2010 U.S. Census 5.7 % Japanese 12 KAPOLEI
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T KAPOLEI HOUSING HOME OWNERSHIP RATE MEDIAN HOUSEHOLD INCOME COMMERCIAL SPACE GROWTH Kapolei tomorrow vs. Honolulu today 70% $83K 2000-2035 65% $70K 8.8 7.8 MILLION SF MILLION SF SOURCE: Plasch Econ Pacific, LLC 2000 20,800 HONOLULU KAPOLEI HONOLULU KAPOLEI HONOLULU KAPOLEI REGION REGION 2010 REGION 2025 2005 26,010 SOURCE: 2010 Census SOURCE: 2010 Census SOURCE: Plasch Econ Pacific LLC and Colliers Monroe Friedlander 2010 30,730 2015 34,910 2020 40,820 2025 46,770 2030 52,560 2035 58,110 42 % CURRENT NUMBER JOB CENTERS OF JOBS IN THE KAPOLEI IN KAPOLEI REGION 2000- 2035 (Not including construction jobs) SOURCE: City of Kapolei Plasch Econ Pacific, LLC 10 % Ewa Beach 7% Ewa Gentry 6% Ko Olina 6% Villages of Kapolei 5% Makakilo/ Kunia 3% Ewa 103,430 Villages 84,090 62,660 94,090 19,940 37,940 72,970 46,180 21% Campbell SOURCE: City & County of Honolulu, Industrial Park Dept. of Planning & Permitting 2000 2005 2010 2015 2020 2025 2030 2035 KAPOLEI 13
Harbor Court 1110 7x9.875:Kapolei Foundation 0803 11/30/10 12:04 PM Page 1 Live + Work + I N V E S T Lightweight Cellular Concrete Technology Isle CellCrete is a polymer-based, lightweight cellular concrete produced for Geotechnical, Structural and Floor Leveling applications at densities ranging from 35 to 120 pounds per cubic foot (pcf). All the advantages of concrete and more • Strength • Durability • Termite & Fire Resistance • Low Maintenance Cost Island Ready-Mix Concrete, Inc. Phone: 682-1305 Fax: 682-4478 91-047 Hanua Street • Kapolei, Hawaii 96707 Moisture resistant and easy to pump, place and finish, Isle CellCrete was utilized to repair Harbor Court’s 12th floor recreation deck planters. 14 KAPOLEI
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T PROFILE tour captain. “It was a terrific experience,” said Grace. “I was flying and selling the air tours. It gave me a much broader expo- sure to the business.” It wouldn’t be too long before he would move up the ladder when, three years after joining Mokulele, he was named general manager shortly after the airline was purchased by Transpac Aviation in 2011. Since the acquisition, Mokulele’s passenger load has more than doubled, and the demand for service has grown to the point that the airline recently added a new route to Kalaeloa in Kapo- lei. This made it the very first commer- cial air service at Kalaeloa Airport. “We’re surprised at how well received we’ve been in the Kapolei community,” Grace said. “We were counting on the fact that the com- munity would appreciate the ease of travel from Kalaeloa to Kahului, and PHOTO: OLIVIER KONING especially not having to battle the H-1 traffic to get to the Honolulu Interna- Flying High tional Airport. The response has been so good that we will soon be adding new routes to Molokai and Kapalua.” By bringing commercial air service to Kalaeloa, Mokulele is positioned to & Having Fun play a part in Kapolei’s development, according to Grace, who recently be- came a Kapolei Chamber of Commerce member. “This service and the addition of more routes will open up more op- portunities for businesses in Kapolei Darryl Grace / General Manager, Mokulele Airlines and the whole West Oahu region, which will also help to stimulate job growth.” WHEN KONA-BORN and -raised Dar- Destiny opened the door when In the meantime, Grace is having a ryl Grace graduated from Konawaena he received a football scholarship to good time. “I get up in the morning and High School in 2001, he fully expected Central Missouri State University. don’t feel like I’m going to work,” he to follow his dad into construction by He immediately got to work on a B.S. said. “Just imagine – every day I get to getting an engineering degree. At least, in aviation technology with a focus fly and have fun!” that was the plan. He was in communi- on becoming a professional pilot, and However, he still has a debt to pay. ty college when his sister, Lilinoi, who followed up with an M.S. in aviation His sister never completed her flying was learning to fly, took him up for a safety. lessons. She followed a different career flight with her instructor. After college, Grace returned home path and is now project director of “I thought, I could do this,” said and became a flight instructor to build the Children’s Defense Fund Freedom Grace. “Flying is like operating heavy up time and experience, and a year Schools in Kona. “It’s time to help her equipment!” later joined Mokulele Airlines as an air get her pilot’s license.” KAPOLEI 15
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T PHOTOS COURTESY QUEENS HOSPTIAL Staying Well and Living Well in Ewa “S TAY I N G W E L L A N D L I V I N G W E L L” is certainly an cardiology and specialty clinics. The apt description for this community whose roots hospital has 80 beds, with the capacity to extend back to the late 1900s, when sugar was king. increase up to 135 beds as volume grows. After the opening, the response was Sugar is no more, but Ewa has grown and changed astounding, with a record 940 emer- with the times, and is now an area with its own gency room visits and 126 inpatient exemplary healthcare system, and several master- admissions during the first seven days of operation. The overwhelming numbers planned residential developments with the latest in home led to a redeployment of staff from the construction technology and community amenities. Queen’s Punchbowl campus to help with the volume. “Our Queen’s ohana is very grate- A Lifeline Restored Medical Center in town,” said Florendo. ful for the West Oahu community’s Fortunately, in 2012, The Queen’s response and support,” said Susan Mur- When the Hawaii Medical Center West Medical Center acquired the facility and ray, senior vice president of The Queen’s in Ewa closed in 2011, it left a critical began a massive renovation and expan- Health Systems, West Oahu Region, and gap in the region’s healthcare network sion of the existing structure to build chief operating officer of The Queen’s of services, particularly in cases of medi- a virtually brand new, state-of-the-art Medical Center – West O‘ahu. “Every cal emergencies, when patients would emergency and hospital services medi- one of us at Queen’s is committed to pro- face long and harrowing drives into the cal center. They named it The Queen’s viding our patients with access to quality nearest emergency room and hospital in Medical Center – West Oahu. Queen’s healthcare.” Honolulu. – West Oahu opened in May 2014, three Not long after the new facility For Makakilo resident, Gloria Flo- years after the closure. opened, Gloria Florendo had to take her rendo, it was at least a 30-minute drive The new medical center provides all mother to the emergency room. What to Pali Momi when her mother, Bernar- the services essential to a community she found was a world of difference from dina, had a medical emergency. “Even hospital such as emergency room, inpa- her previous ER experiences, starting longer, if we had to drive to Queen’s tient and outpatient surgery, imaging, with a mere 10-minute drive to the hos- 16 KAPOLEI
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T In total, Hoakalei will have 2,300 resort and golf residences. Construc- tion is now underway at the resort’s first gated community, Kipuka, which offers a series of single-family con- dominium homes that have views of either landscaped greenways or the fairways and lakes of the Hoakalei Country Club golf course. Nearby, an- other newer neighborhood, Kuapapa, has launched two new collections of island-inspired seaside-style cottages with eight models starting from the mid-$700,000s. Kuapapa also has golf course views. pital from their home in Makakilo and a full-sized enclosed garage enjoyed by the level of care in a busy ER. owners of other single-family homes. On “What impressed us the most was the the other hand, there’s the condominium compassion and caring of the entire staff, affordability factor, with three-, four- and even though the ER was very busy,” said five-bedroom homes priced from the Florendo. “The nurses and doctors were high $400,000s and ranging from 1,294 very focused and took the time to make to 1,596 square feet. sure they had a list of all her currents Another affordability factor is energy meds and instructions for care.” savings. Today, every Gentry home inte- Michael Kamegawa of Makakilo had grates the award winning “Gentry Green a similar experience when he went to Living” energy efficient features using the ER for an emergency procedure. He the very latest in technology designed to couldn’t stress enough the importance be gentle on the environment and at the Both neighborhoods provide access of Queen’s – West Oahu to the entire same time, greatly reduce homeowners’ to the recently opened private Wai Kai community. Kamegawa said, “With energy costs. This will be especially true Hale Club, where Hoakalei residents Kapolei expanding, there are so many at ParkSide, where homeowners will can launch a kayak, canoe and other more people who need this level of see significant savings in their monthly small watercraft, or sunbathe and service close to home, especially in times housing expenses. barbecue. The Club is the first devel- of emergency.” “We are able to keep the prices low, opment along the planned Wai Kai starting at below $500,000, and increase Lagoon. In the near future, residents Ewa by Gentry offers the inventory that is affordable,” said Rick Hobson, Gentry’s vice president of Sales and visitors alike will be able to take best of both worlds & Marketing. “Because it is constructed advantage of the southern shore’s exceptional weather for recreational as a single-family home, residents bypass Gentry Homes has been building the activities in and around the lagoon, in- the typical condominium hassle of open master planned community of Ewa by cluding a planned protected swimming parking garages and crowded elevators, Gentry for over 27 years, and part of the area, and explore a network of walking but more importantly, they are not con- company’s success can be attributed to trails connecting to a shoreline wilder- nected to another home.” providing consistently well-built homes ness park. at an affordable price. According to Richard Dunn, With the escalating cost of real estate Resort Living at Hoakalei Haseko Development, Inc.'s executive in Hawaii and a limited inventory of new vice president, Hoakalei is designed or used homes, homebuyers are faced As Haseko’s Hoakalei Resort unfolds, to provide its residents a year-round, with higher prices. Gentry’s answer to the elements of a resort community are family-centered resort lifestyle. “We this is ParkSide, its newest single-family taking shape at the 726-acre master- continue to see great demand for our condominium community next to Coral planned development in Ewa Beach. homes at Hoakalei,” he said. “I think a Creek Golf Course. The stage was first set with the 18-hole lot of that has to do not only with the ParkSide offers the best of both Ernie Els-designed course at Hoakalei quality of craftsmanship but also the worlds – single-family living in a planned Country Club, followed by the first quality of resort living. You can’t find condominium community. Each home is residential neighborhood, Ka Makana anything else like Hoakalei Resort on detached with privacy, a small yard and at Hoakalei, which is nearly sold out. O‘ahu and more is yet to come.” KAPOLEI 17
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T RAIL Spells Relief PROFILE Dan Grabauskas / Executive director & CEO., HART NEVER HAS THERE BEEN a larger, more high profile public works project “We believe that we in the state of Hawaii than the Hono- are making good on lulu Rail Transit Project—one that has a promise made decades ago to West taken nearly 50 years of planning to finally get off the ground. The mag- nitude of the project would require a Oahu residents seasoned professional at the helm, and Daniel Grabauskas, executive director to provide a and CEO of the Honolulu Authority for safe and reliable Rapid Transportation (HART) brings impressive credentials to the table. transportation Previously, he was general manager of the Massachusetts Bay Transportation option …” Authority, the oldest and fifth largest multi-modal transportation agency in the U.S., encompassing subway, com- see the benefits of the project. “I muter rail, bus and boat operations believe that when the system is up and throughout the Commonwealth of Mas- running people will wonder how we sachusetts and Rhode Island. He also got along for so long without it. It will served as Secretary of Transportation for ease the gridlock, and provide a safe the state of Massachusetts. and efficient transportation option,” he So what attracted Grabauskas to said. the HART project at this farthest point This is especially true in Kapolei, in the U.S. from Boston? where the project has its genesis. “This is an amazing project,” said “Kapolei is a special place for us Grabauskas. “Honolulu will be on the here at HART. We consider Kapolei cutting edge in designing and building our home base. We believe that we the first fully-automated, driverless ur- are making good on a promise made ban metro system in the United States. decades ago to West Oahu residents to We will be leading the nation.” provide a safe and reliable transporta- As the CEO of HART, Grabauskas tion option—an option to sitting in is the face of the project and brings a traffic for hours every day commut- refreshing directness to the job. ing to and from work, with the sun “I have always believed in being shining in their eyes. I believe this will upfront and direct,” he said. “Particu- significantly improve the quality of life larly on such an important project of for so many of our residents, not just this size and scope—this is the largest in West Oahu, but island wide. And for each and every day. We have some of public works project in Hawaii’s the residents of Kapolei, our message the best minds in the transit industry history—I want to make sure we are is simple: Relief is coming; it’s on its working on our rail system. These as transparent as possible. No sur- way.” Finally, Grabauskas wanted to are the people who will help deliver a prises: That’s what I tell my staff, and I make sure the team behind the project safe, efficient and high-quality transit believe that’s what the public expects was acknowledged. “What I like most line that will serve our community for from us at HART.” about this project is the dedication and generations to come. And I am proud Grabauskas thinks residents will talent that my staff brings to this job to be part of that.” 18 KAPOLEI
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SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T A New Industrial Revolution Move Supports Job Growth acres,” said Camp. Camp said that having 100 percent in Kapolei funding and construction plans in place gives them control of the entire 177 A acres, with the flexibility of offering CRITICAL SHORTAGE OF INDUSTRIAL SPACE on various options – from half acre lots up Oahu is set to cause severe pain for businesses be- to as much as 20 acre lot sizes. The com- ing displaced by the take back of industrial lands pany can also build a turnkey operation for those businesses that prefer to move for urban renewal in Honolulu. It couldn’t come into a ready-to-use facility and bypass at a worse time, with the construction industry the complexities of real estate planning booming, wholesale/distribution businesses that and construction. use the bulk of industrial space posting record sales, The project includes 54 acres in Kapolei Business Park, and 122 acres and businesses scrambling to find expansion or reloca- in Kapolei Business Park West. The tion space in a rapidly overheating market. The squeeze project is master-planned in five is already on in the face of a 2.37 percent vacancy rate, phases, starting with the Kapolei which Colliers Hawaii forecasts will fall below 2 per- Business Park and working its way to Kapolei Business Park West. Camp cent by year-end 2015. said that Phase 1, which broke ground in August, is already approved for sale BUT RELIEF IS ON THE WAY in the form trial real estate market on Oahu. The and should be ready to close escrow by of a fortuitous partnership between partnership acquired 177 acres of prime early 2015. Christine Camp’s Honolulu-based Ava- industrial land in Kapolei, with plans Camp has long been a strong pro- lon Development Company and Walton to subdivide and bring them to market ponent of Kapolei, dating back to 2006 Street Capital, L.L.C., a Chicago-based starting in early 2015. when her company began development private equity real estate investment “We plan to subdivide the lands into of the mixed-use retail/office Kapolei firm that will revolutionize the indus- lots ranging from a half acre up to seven Pacific Center in the City of Kapolei. 20 KAPOLEI
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T Western Kapolei Along with Kapolei Harbor- side, two mixed-use residen- tial projects, Makaiwa Hills and Kapolei West, are some of the last opportunities for development on entitled, developable lands in Kapolei. Makaiwa Hills, a Makaiwa Hills LLC project, is the last coastal hillside residential area planned on Oahu, and offers stunning views of the southern and western coast- line. Aina Nui Corporation’s Kapolei West is bordered by both the City of Kapolei and the Ko Olina Resort and com- bines the appeal of urban and resort living. The three projects are ad- vantageously located in close proximity to the centers of commerce in the City of Kapolei, and to the Ko Olina Resort. With two phases complete, phase 3 is now being planned to roll out over the next few "With very few opportunities in town, Kapolei has years. become a target for businesses seeking to relocate In the meantime, Camp or expand their operations.” fully appreciates the value of being in the right place at — CHRISTINE CAMP the right time in the indus- Avalon Development Company trial market. “For all of the reasons cited by the Colliers Hawaii industrial real estate costs, close proximity to the growing use of Kapolei Harborside experts, Kapolei is the only Kalaeloa Harbor, and being able to operate Just west and south of Avalon’s Kapolei place to be now and in the in a State Enterprise Zone, all while interest Business Park West industrial develop- foreseeable future,” she said. rates are historically low.” ment lies Kapolei Properties LLC’s Kapolei “We see a migration of in- Camp said the Kapolei industrial projects Harborside, the largest, most contiguous dustrial space users looking would also generate employment opportuni- industrial parcel on the island of Oahu. Its for a place to call home. With ties for the community. “With all the growth 450 prime industrial acres are immediately very few opportunities in in the economy, Honolulu has one of the adjacent to Kalaeloa Barbers Point Harbor, town, Kapolei has become a lowest unemployment rates in the country,” the state’s second busiest airport, and the target for businesses seeking she said. “Kapolei provides employers the James Campbell Industrial Park, the state’s to relocate or expand their opportunity to be closer to the state’s fastest largest industrial park and a Foreign Trade operations.” growing employee base. And for those people Zone. Just minutes away from the H-1 She continued, “Our who have made West Oahu their home with Freeway, Kapolei Harborside will be at the Kapolei industrial project its lower cost of housing and a myriad of new center of new industrial, light manufac- offers users the opportunity housing options, we believe our project will turing, maritime, and mixed-use develop- for fee simple ownership, help foster job growth and add to the quality ment that will re-energize and expand the clean flat usable land, new of life for residents who want to work where industrial real estate market on Oahu. infrastructure, lower land they live and play.” KAPOLEI 21
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T Scott Mitchell Guy Kidder Q&A: Industrial Investment On The Rise H A W A I I ’ S R E A L E S TAT E is experiencing a are considering business opportunities in realignment of land uses, especially on Oahu, the region? which is transforming the industrial real Kapolei Magazine talked to Colliers Inter- estate market. What is this realignment, and national Hawaii’s experts in the company’s how will it impact Kapolei and investors who Industrial and Investment Services Division. are three times the national average, future upzoning in Transit Oriented and our vacancy rate is the lowest in Development areas, as well as a condo W I L L I A M ( BI L L) F R O E L IC H the country -- even lower than Los development boom in Kakaako. All Vice President, Industrial and Invest- Angeles at 2.37 percent at mid-year. of this is pushing out industrial space. ment Services Division, Colliers A 7 percent vacancy rate is generally In the future, most of the near term International Hawaii recognized as equilibrium where supply will be in the form of raw land, tenants and landlords have equal which does little to help our com- What is the general state bargaining power. Even during the pressed vacancy rates over the next of the industrial real estate recession, we didn’t see vacancy rates three years. market in Hawaii? much above 5 percent. Although we do not have the abili- ties to attract businesses from neigh- boring states, we have many factors Extremely supply constrained. What are the supply/ creating strong demand for industrial Oahu is unique in that its popu- demand factors for indus- space stemming from overall eco- lation of around one million is trial space? nomic improvement, tourism being served by less than 40 million square feet of industrial space. Compare it to Our supply of industrial spaces at an all time high, strong military a city like San Jose, CA where a simi- is currently dwindling due to the spending, rail, sewer and road up- lar population supports 400 million recapture of one million square grades, and Kakaako and Ala Moana square feet of industrial space. feet of industrial space at Kapalama, developments. All these factors affect This is one reason that rental rates rail-related eminent domain takings, industrial demand. 22 KAPOLEI
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T G U Y V. K I D D E R Vice President, Investment & Industrial Services Division, Colliers International Hawaii We know that there is a scarcity of industrial space in Honolulu. What does this mean for Kapolei? You’re right! There is and will continue to be a scarcity of industrial space in town. We have already seen millions of square feet of improved industrial space disappear from the Honolulu market. With this grow- ing trend of gentrification of industrial land in town, we will see more space lost. Since all the other industrial areas are nearly full, we expect almost all the future growth in industrial build- Bill Froelich ings and jobs will be in Greater Kapolei in the near to mid-term. WALL PANELS & IKAIKA EWP @ HOLIDAY INN, KONA V ISIT US AT T HE CUSTOM METAL ROOFING @ UH HILO CA MP BELL INDU ST RI AL PA R K IN K A P OLEI AND WE’LL HELP YOU BUILD BETTER CONCRETE ACCESSORIES @ KAISER, KONA STEEL FRAMING @ KA MALANAI, KAILUA FOR STATEWIDE SERVICE CALL US TOLL FREE 1-877-841-7633 KAPOLEI 2 3 OR VISIT US ONLINE AT HPMHAWAII.COM
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T “The next step or opportunity will be for owner/users to acquire parcels and expand their facilities.” SCOTT MITCHELL Executive Vice President, Investment & Industrial Services Divi- —SCOTT MITCHELL, sion, Colliers International Hawaii How do you see vacancy that will encourage land values and and rental rates trending lease rents to spike in the near future as How do you see the market over the next few years? an offset to the imbalance in the supply for industrial land now and side of the supply demand equation. over the next few years? Warehouse properties in town are As we wait for the new supply to disappearing from our inventory flow into the market, industrial land Existing Industrial stock is and being reclaimed by government prices and lease rents across the island becoming the victim of urban re- or being redeveloped by the private will continue to rise. My indicators newal at an ever accelerated pace. sector into higher and better uses. In a point to a 30 to 50 percent increase The pressure that has been exerted on supply constrained market, reductions in lease rates and land values by the the remaining inventory has caused in supply can cause our current situa- end of 2016. That being said, these vacancy to decline to unprecedented tion in a strong market – severe lack of increases are far less dramatic than levels and any remaining infill de- available warehouse space (2.37 percent the 300 percent growth in land values velopment parcels have already been island wide vacancy) combined with we saw in the 2004 through 2008 land absorbed. strong demand. This creates conditions sales in Waipahu and greater Kapolei. If you throw into that mix, a public Building Hawaii with Pride & Aloha Royal Contracting Co., Ltd 677 Ahua Street • Honolulu, Hi 96819 (808)839-9006 www.royalcontracting.com 24 KAPOLEI 11-12_RoyalContracting_1-2h_HB.indd 1 10/4/13 8:46 AM
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T and private sector construction "Build-to-Suit" construction as well. their increased rents. boom, a flourishing tourism Lastly, and this will take place on an For the most part, and with the ex- industry and inexpensive capi- island-wide basis, you will see the reha- ception of the rehabilitation of func- tal, you cannot help but to be bilitation of older, functionally obsolete tionally obsolete facilities, the only bullish on anything industrial facilities as tenants demand more for place this can happen is in Kapolei. for the next several years. A recent study based on businesses being displaced from urban Honolulu and job growth identified demand for industrial land at an average of approximately 34 acres per year over the next five years. But the study also noted that in times of supply constraint and intensi- fied construction activity, out- sized demand over the averages can occur. What are the oppor- tunities for industrial real estate investors in Kapolei in the current market? Any near and midterm investment into the indus- trial marketplace can only, and will be in Kapolei. Three industrial parks totaling a little over 200-acres will be brought to market over the next several years. In this cycle we expect My New Stop For Breakfast industrial investment oppor- tunities to cover all aspects of development. The first step in the process has already occurred with the Serving Breakfast Daily re-trading and recapitalization of bulk land parcels in Kapolei. This happened as the market was bottoming post- recession and will complete once infra- structure is built and finished lots can be delivered to the Breakfast Coupon marketplace. Come in Monday through Friday from 8AM to 11AM The next step or opportu- nity will be for owner/users and buy one breakfast entree and receive the second to acquire parcels and expand at 50% off (of equal or lesser value). their facilities. Pent up demand is building now and seeking an Subject to availability. Dine-In Only. One coupon per table per visit. outlet. Cannot be combined with other offers, discount cards or coupons. We are expecting space rents to spike this year. Once these Kapolei Commons rents approach the $1.25 per 4450 Kapolei Parkway square foot per month level, we will see "speculative" and Kapolei, Hawaii 96707 Telephone: 808.492.1395 “Like” Us on Facebook! Visit us at: KAPOLEI 2 5 RTHawaii.fbfollow.me RubyTuesdayHawaii.com
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T PROFILE The “From the first day that I arrived in Kapolei, I Power believed in the vision that it would one day become a thriving city.” of a Vision It was then that she realized that education was her future. “I packed up my ego and went home,” she said. Camp completed her high school education, and her first full-time job Christine Camp / was with a development company, RK Development, where the owner saw Avalon Development her potential and gave her the opportu- nity to learn and grow. She would work Company her way through college, gaining the skills she would need to be a developer. TO MANY PEOPLE who only know After RK Development, Camp went the public Christine Camp, it may seem on to a successful career working for that she has led a charmed life. In a Castle & Cooke and Alexander & Bald- sense, it has been charmed, but entirely win. Then in 1999 at the young age of because of her personal drive in pursu- 32, Camp started her own firm, Avalon ing her goals, and very hard work. Development Company. Camp was 10 when she came to Ha- “It started as a one-woman office on waii from South Korea with her family. a shoe string budget,” said Camp. To- When she arrived, she knew very little day, Avalon is a multifaceted vertically English, except “My name is Hyun Hee integrated real estate business with a Camp” and “I am hungry.” And she team of 25 professionals. The com- knew her ABCs. pany has developed retail centers, an Life had been hard in Korea, and industrial park, condominiums, offices it was hard in their new home, but and rental apartments. It also provides they managed to make ends meet. The fee development, facility and property children were expected to help out, management, and brokerage services. and Camp started working at age 12. Camp has a long relationship with Making the transition to a new country Kapolei, beginning with Castle & and to public school was challenging, Cooke’s first single-family project, but sympathetic teachers helped her to Kumu Iki, in the Villages of Kapolei in blossom and do well. The straight-A 1990. She eventually made a personal student was also strong willed and in an $6.7 million investment in 2006 to buy act of defiance against her disciplinar- a block in Kapolei’s urban core, where ian mother, she left home at age 15 and she built a school and the regional moved into a rundown apartment house Social Security Administration office in Kaimuki. building. Most of her neighbors were women, “From the first day that I arrived in some with kids, living in grinding pov- Kapolei, I believed in the vision that it erty. “I saw what it felt like not to have would one day become a thriving city,” hope,” said Camp. “The only bright said Camp. “I believe that it has already light was two college students who were reached that status, and I feel fortu- a couple. They were smart, happy, and nate that Avalon will be a part of its they had hope for the future.” growth for the foreseeable future.” 26 KAPOLEI
Live + Work + I N V E S T Your Center for Shopping, Dining and Professional Services It doesn’t get fresher than Safeway • Photo provided by: Kapolei Safeway Grocery/Drug Store Restaurants Salon Services Longs Drugs 674-0069 Baskin Robbins 674-0131 Fantastic Sams 674-6601 Safeway 674-0070 Chili’s Grill & Bar 693-8722 Gialuchi Boutique & Day Spa 674-4424 The Cookie Corner 674-0781 Specialty Stores Kapolei Corner BBQ 674-0588 KFC 674-0690 Banking AT&T 674-2208 Loco Moco Kapolei 674-0788 Aloha Pacific FCU ATM GameStop 674-1158 McDonald’s 674-0767 American Savings Bank ATM GNC: Live Well 674-1230 Panda Express 674-1617 Bank of Hawaii In-Safeway branch 693-0990 Jeans Warehouse 674-0009 Pizza Hut 674-2188 First Hawaiian Bank branch & ATM 674-0013 Postal Connection 674-0927 Subway 674-6688 First Hawaiian Bank ATM RadioShack 674-1187 Sushi Bay 693-9922 Hawaii State Federal Credit Union 792-4020 See’s Candies 693-9986 Taco Bell 674-0225 Young Laundry & Drycleaning 836-1661 Professional/Medical Automotive/Fueling Goodyear Tire & Rubber Co. 674-2211 Reynolds Recycling Clinical Laboratories of Hawaii 674-0618 Napa – Kapolei Auto Parts 674-0071 Prudential Locations, LLC 690-9550 Tesoro 674-2592 inKapolei.com Located one block makai of H-1 Freeway, at the corner of Farrington Highway and Makakilo Drive Managed by MMI Realty Services • 808-695-4316 Follow us KAPOLEI 27
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T • Get ready for the Regal treatment at the Regal Cinemas Kapolei Commons Stadium 12. Kapolei: Raising Illustration only. Subject to change. the Retail Bar W HEN K APOLEI COM- MONS OPENED IN Regal treatment at American Samoa, and Washington D.C., only nine have the king size 2009, it generated a Kapolei Commons leather reclining seats, with 10 more flurry of excitement coming. This includes the Kapolei among Kapolei shop- The Regal Cinemas Kapolei Commons theater, which will be the first one in pers who turned out Stadium 12 won’t be the usual Regal Hawaii with this feature. The Regal in droves for the big Cinemas most theatergoers expect. Cinemas Kapolei Commons Stadium name grand openings It will be what Regal Entertainment 12 will be 52,000 square feet and will – from anchor tenant Group calls its Regal experience – anchor Kapolei’s newest entertain- Target, to The Sports Authority, Office from crystal-clear, all digital projec- ment center. Max, and Petco. Since then, other well tions to custom-built sound systems, “We are excited Regal Cinemas known retailers have followed suit, 3D and – here’s the “regal treatment” has chosen Kapolei Commons as the including Down To Earth, Denny’s, Kua – king size leather reclining seats first location in Hawaii to debut the Aina, Ruby Tuesday, and most recently, with multiple adjustable positions, most cutting edge entertainment Pier 1 Imports. Coming in 2015 will headrests and padded footrests. Not technology available and plan on be TJ Maxx, Gyu-Kaku, and the big- your typical movie experience, and complimenting this new theatre with gest news – the Center’s latest phase, the closest thing to being in your own additional fun and exciting dining and an entertainment center that will be living room in your favorite recliner entertainment options,” said Dun- anchored by Regal Cinemas. and watching your big screen TV -- can MacNaughton, chairman of The Kapolei Commons also raised the re- only better. MacNaughton Group. MacNaughton tail bar in the region, laying the ground- While Regal has more than 570 said that restaurants, cafes and retail work for other retail developments that theaters in 42 states across the U.S. stores will be a part of the entertain- are on the horizon. mainland, as well as in Guam, Saipan, ment center’s mix. 28 KAPOLEI
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T “We are excited Regal Cinemas has chosen Kapo- lei Commons as the first location in Hawaii to debut the most cutting edge entertainment technology avail- able and plan on complimenting this new theatre with additional fun and exciting dining and entertainment options.” — DU NC A N M AC N AU G H T ON Chairman, The MacNaughton Group A yakiniku experience I know from our experience with the Ruby Tuesday there that Kapolei is a The full service restaurant will oc- cupy 3,500 square feet, with about 115 at Gyu-Kaku terrific location for us.” seats. Nakashima said they expect to Nakashima and his partner have hire about 80 people. They call it “Kando Sozo” – or putting six Ruby Tuesday locations in Hawaii, a smile on the customer’s face. A Japa- including the one at Kapolei Commons. nese yakiniku franchise, Gyu-Kaku, which has more than 600 restaurants in “We have three of the top Ruby Tues- days in the world – the restaurants at On the Horizon – Japan, is growing internationally with more than 50 restaurants scattered Moanalua, Windward Mall and Kapolei “The Gathering Place” Commons,” he said. “I believe we have across Asia, Southeast Asia, Canada, strong numbers because we have a Atalanta Realty Investments promises and the U.S., including three in Hawaii. strong team. That will be the key to our to bring its signature approach to shop- One of the Hawaii restaurants is success at our Kapolei Commons Gyu- ping center design, architecture and owned by local entrepreneurs Rick Kaku restaurant.” ambiance to the company’s planned Nakashima and his partner Ted Dav- Nakashima also believes the yaki- 55,000-square-foot lifestyle center, The enport, which makes it their second niku style of dining will be popular Gathering Place in Kapolei. The center investment at Kapolei Commons. “We with Kapolei residents as well as will have two two-story buildings and opened the Windward Mall Gyu-Kaku tourists at Ko Olina. “It’s a very social five one-story buildings on 4.46 acres at about three years ago, and I’m so proud experience that invites conversation the intersection of Kapolei Parkway and of our staff, because in 2013, we were and is a lot of fun, because diners cook Fort Barrette Road near Kapolei High named the Gyu-Kaku Restaurant of for themselves on their table grills. School. the Year among the 25 locations in the It’s also a healthy way to eat as all the Founded by Managing Princi- U.S.” said Nakashima. “I’m very excited ingredients are fresh.” pal Jennifer N. Taylor, Atalanta is a about opening at Kapolei Commons as KAPOLEI 29
SPECIAL PROMOTIONAL SECTION Live + Work + I N V E S T “Atalanta stands out as one of the most interesting and creative developers in the state. The firm saw, and is taking advantage of, a special opportunity California-based women- and minority- tain play area, and of course, we will be to bring a whole new owned company, which has a long and highlighting local culture at the center.” level of distinction successful track record in the Hawaii commercial real estate market. Taylor Taylor said the center’s design will combine Kama‘aina architecture with to the West Oahu said that The Gathering Place, which is scheduled to open in Spring 2016, will global sophistication that, along with its unusual retail mix and amenities, will community lifestyle.” be the crown jewel of Atalanta’s grow- make The Gathering Place a popular ing portfolio in the state. Kapolei destination. —WENDELL BROOKS III “It is already attracting a great deal “The Gathering Place’s marketing Senior Vice President, of interest from prospective tenants efforts have generated tremendous Jones LaSalle's Hawaii who are intrigued by our merchandis- activity and this project is proving to Retail Brokerage team ing approach,” said Taylor. “We are be one of the most inquired about,” planning a center that will welcome said Wendell Brooks III, senior vice shoppers with one-of-a-kind shops, president and leader of Jones Lang wares from local artisans, and a mix of LaSalle’s Hawaii Retail Brokerage team. first-to-market retailers and restaura- “Atalanta stands out as one of the most teurs. We also envision a lively environ- interesting and creative developers in ment with amenities and activities that the state. The firm saw, and is taking will invite shoppers to stay awhile. For advantage of, a special opportunity to example, we will have seasonal events, bring a whole new level of distinction to greenbelts and rest areas, a pop up foun- the West Oahu community lifestyle.” 30 KAPOLEI
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