www.HoopiliGateway.com
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FOR SALE > FEE SIMPLE DEVELOPMENT LAND
Ho`opili GatewayNew Master Planned Community by D.R. Horton
Kapolei, Oahu, Hawaii, USA
*Bratton Realty Advisers, Ltd. Exclusively contracted to Colliers International HI, LLC. This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising therefrom. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2014. All rights reserved.
Asking Price: $33,000,000Address: Intersection of H-1 Freeway, Kualakai Parkway,
& Farrington Highway, Kapolei, Oahu, HawaiiTenure: Fee SimpleLand Area: 38.082 AcresTMK No.: (1) 9-1-18: 4 (subdivision pending)Zoning: B-2 (Community Business District) (Final Approval pending; anticipated Second
Quarter 2015)
Investment Summary• 11,750 homes are planned to be built nearby• University of Hawaii West Oahu directly
across Farrington Highway• Property fronts the H-1 Freeway and
Farrington Highway• Potential for mixed-use re-zoning
Property Highlights
COLLIERS INTERNATIONAL220 South King Street, Suite 1800
Honolulu, HI 96813
www.colliers.com
www.HoopiliGateway.com
University of Hawai’iUniversity of Hawai’iWest O’ahu West O’ahu
MakakiloMakakilo
KapoleiKapolei
Pearl HarborPearl Harbor
Farrington HighwayFarrington HighwayKualakai Parkway (North-South Road)
Kualakai Parkway (North-South Road)
FOR SALE > FEE SIMPLE DEVELOPMENT LAND
Ho`opili GatewayNew Master Planned Community by D.R. HortonKapolei, Oahu, Hawaii, USA
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New FreewayInterchange
KALAELOA BLVDKALAELOA BLVD
To Ko Olina
WAKEA ST
WAKEA ST
KAPOLEI PARK WAY EXTENSION
KAPOLEI PARK WAY EXTENSION
MARKETPLACEAT KAPOLEI
MARKETPLACEAT KAPOLEI
KASHOPP
KASHOPPKAPOLEI
ENTERTAINMENT CENTERKAPOLEI
ENTERTAINMENT CENTER
JUDICIARYOFFICES
JUDICIARYOFFICES
KAPOLEI COMMONS
KAPOLEI COMMONS
Makaiwa Hills4,100 Planned Homes
Makaiwa Hills4,100 Planned Homes
Kapolei West2,500 Planned Homes
Kapolei West2,500 Planned Homes
Makakilo3,900 Homes
Makakilo3,900 Homes
1,175 Exis1,175 Exis
Forest Cit500 ApartmUnits Plann
Forest Cit500 ApartmUnits Plann
Kapolei LoftsKapolei Lofts
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ROOSEVELT AVEROOSEVELT AVE
To Ewa Beach
FARRINGTON HIGHWAY
FARRINGTON HIGHWAY
KAPOLEI PARKWAY
KAPOLEI PARKWAY FT BARRETTE RD
FT BARRETTE RD
To Kalaeloa
Kualakai Parkway (North-South Road)
APOLEIING CENTERAPOLEIING CENTER
SITEHo’opili by Dr Horton
11,750 Planned HomesHo’opili by Dr Horton
11,750 Planned Homes
DHHLEast Kapolei
1,800 Units Planned
DHHLEast Kapolei
1,800 Units Planned
Ka Makana Ali`iKa Makana Ali`i
Kapolei5,000 Homes
Kapolei5,000 Homes
UH West Oahu CampusUH West Oahu Campus
DR HortonMehana
sting/Planned Homes
DR HortonMehana
sting/Planned Homes
tymentned
tymentned
FOR SALE > FEE SIMPLE DEVELOPMENT LAND
Ho`opili GatewayNew Master Planned Community by D.R. HortonKapolei, Oahu, Hawaii, USA
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Mauka/Mountain Facing View
Kualakai Parkway (North-South Road)
Kualakai Parkway (North-South Road)
Farrington HighwayFarrington Highway
University of HawaiiUniversity of HawaiiWest O`ahu West O`ahu
MakakiloMakakilo
Makai/Ocean Facing View
Kual
akai
Par
kway
(Nor
th-S
outh
Roa
d)
Kual
akai
Par
kway
(Nor
th-S
outh
Roa
d)
Farrington HighwayFarrington Highway
KapoleiKapolei
Pearl HarborPearl HarborEwa BeachEwa Beach
University of HawaiiUniversity of HawaiiWest O`ahu West O`ahu
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The owner has prepared a schematic design for consideration. This scenario allows for two 150,000 sf big box tenants, 230,000 square feet of anchor retail tenants, other retail/dining tenants and offi ce space, as well as 2,110 parking stalls.
Schematic Design
Scenario
Drawing not to scale
FOR SALE > FEE SIMPLE DEVELOPMENT LAND
Ho`opili GatewayNew Master Planned Community by D.R. HortonKapolei, Oahu, Hawaii, USA
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Proposed Master Plan of Surrounding Area
Single Family Homes
Apartments
Apartment Mixed-Use
Commercial Mixed-Use
Industrial
Commercial
Parks
Public Facilities
High School
Elementary School
University of HawaiÿiWest Oahu Campus
(Existing)
Tokai UniversityCampus
(Under Construction)
Elementary School Elementary
SchoolMiddleSchool
Elementary School
MiddleSchool
TO KO OLINA
FARRINGTON HIGHWAY
KUALAKAI PARKWAY
TO HONOLULU
RAIL STATION
RAIL STATION RAIL STATION
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FARRINGTON HIGHWAY
Ho’opili Gateway’s location within a 1/4-mile of the planned UH West Oahu rail station could provide for Transit Oriented Develop-ment (“TOD”) density benefi ts and use incentives. The implementation of the TOD plan is pending fi nal approval by the city council.
Ho’opili Master Planned CommunityThe 1,500-acre Ho’opili master planned community is D.R. Horton’s latest major development. More than 11,750 homes are planned along with 3 to 4 million square feet of commercial space, 200 acres of agricultural land, and several parks, open space and schools. Development will occur in phases over the next 20 years. This sustainable community will allow people to live, work and play without leaving their neighborhood.
Preliminary Phase 1 plans for the Ho’opili Master Planned Community include development of approximately 940 acres of land located along the backbone infrastructure corridors of Farrington Highway and Kualakai Highway over a 10-year period. An estimated 5,800 residential units and over 2 million square feet of commercial and light industrial space (including the Ho’opili Gateway site) are planned for this phase. Phase 2 development will move eastward with development of the remaining infi ll land over the fi nal projected 10-year period. It should be noted that these plans are subject to change based on fi nal zoning approvals, project design, and market conditions.
Potential Retail Center Rendering
View towards Diamond Head
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1990 2010 2015 2025 2035
KAPOLEI'SPOPULATIONGROWTH1990-2035
137,
72
1
107,
234
100
,397
SOURCE: City & County of Honolulu, Dept. of Planning & Permitting and Plash Econ Pacific, LLC
164,5
56
42,9
83
SOURCE: City & County of Honolulu, Dept. of Planning & Permitting and Plasch Econ Pacific LLC
KAPOLEIHOUSINGGROWTH 1990-2035
11,722
30,000
34,341
45,669
56,3442035
2025
2015
2010
1990
Kapolei 1990 Kapolei Today
FOR SALE > FEE SIMPLE DEVELOPMENT LAND
Ho`opili GatewayNew Master Planned Community by D.R. HortonKapolei, Oahu, Hawaii, USA
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FOR SALE > FEE SIMPLE DEVELOPMENT LAND
Ho`opili GatewayNew Master Planned Community by D.R. HortonKapolei, Oahu, Hawaii, USA
COLLIERS INTERNATIONAL220 South King Street, Suite 1800
Honolulu, HI 96813
www.colliers.com
*Bratton Realty Advisers, Ltd. Exclusively contracted to Colliers International HI, LLC. This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising therefrom. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2014. All rights reserved.
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WAIPAHU
KAPOLEI
PEARL CITY
‘AIEA
SALT LAKE
KALIHI
HONOLULU
PEARL HARBOR
Honolulu International Airport
Farri
ngton H
wy
Fort Weaver Road
Likelike Hwy
Pali Hwy
Ala MoanaCenterKAKA’AKO
Kameham
eha Hw
y
Moanalua Hw
yStationsRail Route
Proposed Rail Transit Route Map
Contact UsMark D. Bratton (R), CCIM*
808 523 [email protected]
Scott L. Mitchell (B) SIOR808 523 9702
Guy V. Kidder (B) CCIM, SIOR808 523 9735
www.HoopiliGateway.com
The West Oahu market consists of more than 1.1 million square feet of shopping center space in the Kapolei and Ewa Beach communities. As of 2Q2014, the vacancy rate for this market was 2.44% with average asking base rents of $4.21 per square foot per month (“psf/mo”) and average CAM charges of $1.09 psf/mo. Rents have increased since 2011 (after declining during the fi rst few years of the recession) as the economy has strengthened.
Market Overview