+ All Categories
Home > Documents > FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway · VD Olina W A K E A S T K A P O L EI P A...

FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway · VD Olina W A K E A S T K A P O L EI P A...

Date post: 17-Aug-2021
Category:
Upload: others
View: 7 times
Download: 0 times
Share this document with a friend
8
www.HoopiliGateway.com Page 1 FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway New 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: $33,000,000 Address: Intersection of H-1 Freeway, Kualakai Parkway, & Farrington Highway, Kapolei, Oahu, Hawaii Tenure: Fee Simple Land Area: 38.082 Acres TMK 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 INTERNATIONAL 220 South King Street, Suite 1800 Honolulu, HI 96813 www.colliers.com www.HoopiliGateway.com University of Hawai’i University of Hawai’i West O’ahu West O’ahu Makakilo Makakilo Kapolei Kapolei Pearl Harbor Pearl Harbor Farrington Highway Farrington Highway Kualakai Parkway (North-South Road) Kualakai Parkway (North-South Road)
Transcript
Page 1: FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway · VD Olina W A K E A S T K A P O L EI P A R K W A Y E X T E N SI O N E E N MARKETPLACE AT KAPOLEI KA KAPOLEI SHOPP ENTERTAINMENT

www.HoopiliGateway.com

Page 1

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)

Page 2: FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway · VD Olina W A K E A S T K A P O L EI P A R K W A Y E X T E N SI O N E E N MARKETPLACE AT KAPOLEI KA KAPOLEI SHOPP ENTERTAINMENT

FOR SALE > FEE SIMPLE DEVELOPMENT LAND

Ho`opili GatewayNew Master Planned Community by D.R. HortonKapolei, Oahu, Hawaii, USA

Page 2

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

Page 3: FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway · VD Olina W A K E A S T K A P O L EI P A R K W A Y E X T E N SI O N E E N MARKETPLACE AT KAPOLEI KA KAPOLEI SHOPP ENTERTAINMENT

www.HoopiliGateway.com

Page 3

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

Page 4: FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway · VD Olina W A K E A S T K A P O L EI P A R K W A Y E X T E N SI O N E E N MARKETPLACE AT KAPOLEI KA KAPOLEI SHOPP ENTERTAINMENT

FOR SALE > FEE SIMPLE DEVELOPMENT LAND

Ho`opili GatewayNew Master Planned Community by D.R. HortonKapolei, Oahu, Hawaii, USA

Page 4

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

Page 5: FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway · VD Olina W A K E A S T K A P O L EI P A R K W A Y E X T E N SI O N E E N MARKETPLACE AT KAPOLEI KA KAPOLEI SHOPP ENTERTAINMENT

www.HoopiliGateway.com

Page 5

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

Page 6: FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway · VD Olina W A K E A S T K A P O L EI P A R K W A Y E X T E N SI O N E E N MARKETPLACE AT KAPOLEI KA KAPOLEI SHOPP ENTERTAINMENT

FOR SALE > FEE SIMPLE DEVELOPMENT LAND

Ho`opili GatewayNew Master Planned Community by D.R. HortonKapolei, Oahu, Hawaii, USA

Page 6

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

HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO’’’’’’’’’’’’’’’’’’’’’’’’’’’’’’OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIILLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII

UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEESSSSSSSSSSSSSSSSSSTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU

DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL

WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

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

Page 7: FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway · VD Olina W A K E A S T K A P O L EI P A R K W A Y E X T E N SI O N E E N MARKETPLACE AT KAPOLEI KA KAPOLEI SHOPP ENTERTAINMENT

www.HoopiliGateway.com

Page 7

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

Page 8: FOR SALE > FEE SIMPLE DEVELOPMENT LAND Ho`opili Gateway · VD Olina W A K E A S T K A P O L EI P A R K W A Y E X T E N SI O N E E N MARKETPLACE AT KAPOLEI KA KAPOLEI SHOPP ENTERTAINMENT

FOR SALE > FEE SIMPLE DEVELOPMENT LAND

Ho`opili GatewayNew Master Planned Community by D.R. HortonKapolei, Oahu, Hawaii, USA

Page 8

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.

1

2

3

4

5

67

8

9

10

11 12 1314

15

16

17

1819

2021

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

[email protected]

Guy V. Kidder (B) CCIM, SIOR808 523 9735

[email protected]

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


Recommended