Long-delayed construction is changing Maui's landscape
Nina Wu
Pacific Business News
Maui is home to hundreds of millions of dollars of residential and commercial construction projects, spurring additional business for real estate agents, contractors and designers.
"There is a lot of work in the works in Maui County," said Charlie Jencks, president of the Maui Contractors Association. "It's hard to get competitive prices, and right now it's either take it or leave it."
Though it may be a contractor's market, Jencks refrained from calling it a boom, saying only that many of the projects entitled for development 10 years ago are now going through the pipeline.
The activity is being driven, he said, by low interest rates, demand for housing and an upswing in an economy that discouraged projects few years ago.
Major projects include Stanford Carr's Kehalani master plan in Kahului, residential resort projects in Wailea, and Dowling Co.'s Kulamalu Town Center.
Jencks said an average of about 2,500 building permits are issued every year on Maui, but that not all construction begins right away. Getting the entitlement to develop lands on Maui is the No. 1 challenge, he said.
Residential wave
A residential construction wave has hit Maui -- both in high-end and lower-end single-family homes. In central Maui, three developers are building several thousand homes: Stanford Carr, Towne Development of Hawaii Inc. and The Mills Group.
Various other projects are planned from Kihei to Wailea.
VP and PK LLC, a partnership between Valentine Peroff and Paul Kyno of Sleeping Giant Realty in Kauai, is developing Fairways at Maui Lani on the Dunes Golf Course. The 50-lot subdivision is scheduled for completion at the end of the year.
Everett Dowling, president of Dowling Co. Inc., estimated he has about $250 million worth of projects in the construction or planning phases this year.
Kulamalu Town Center, a project in Upcountry Maui, will offer both single-family and multifamily housing, shopping, entertainment, a police service center and park.
In the affordable-housing category, Dowling Co. is building Waiehu Kou, a project for the state Department of Hawaiian Homelands.
Wailea's boom
Wailea is home to several projects, from Dowling's One Palauea Bay to Kai Malu at Wailea, A&B's joint development with Armstrong Builders.
More are planned, with WCPT Land Associates hoping to get approval for Honuaula, the recent genesis of a master-planned golf community on 670 acres -- formerly known as Wailea 670. If approved, it would allow for up to 1,400 units to be built over 20 years.
Alexander & Baldwin sold off various Wailea parcels for luxury development. Among them are Kai Malu, Kanani Wailea, Papali Wailea and Hoolei.
Kai Malu is A&B's joint venture with Armstrong Builders offering 150 units on a 25-acre parcel, expected to break ground next month. Pacific Land & Homes LLC is building Kanani Wailea, 38 homes on nine acres, with sales and construction expected soon. Because getting a good contractor is difficult, Landtec partnered with Coastal Construction Co. of Oahu for the project.
The CMI Group Inc. bought a 30-acre site from A&B in April and is planning Hoolei, offering 120 town-home condominiums. President Marty Quill said he hopes to start construction this summer, with delivery of units toward the end of 2006.
Reach Nina Wu at 955-8038 or nwu@bizjournals.com.