192± AC Maui Lani Master Plan Opportunity
Maui Lani Pkwy | Kahului, HI
The Offering
Property Details
- Property Type: Land, Mixed Use, Multifamily
- Subtype: Commercial, Residential
- Lot Size: 192.004 Acres
- APN: (2) 3-8-07:109, (2) 3-8-07:130, (2) 3-8-07:159, (2) 3-8-07:160
Overview
Cushman & Wakefield ChaneyBrooks is excited to offer 192± entitled acres within the Maui Lani master planned community in Kahului, Hawaii that allows for up to 1,900 residential units. The project benefits from a highly desirable location with frontage on The Dunes at Maui Lani Golf Course and existing entitlements, allowing for a mix of residential and commercial uses.
Offering Highlights
• Size: At 192± acres, the offering represents the largest remaining master plan opportunity in central Maui
• Mixed Use: The Planned District provides for 132± acres of single-family homes and townhomes, 22± acres of multifamily, and 5.5± acres of commercial & civic uses
• Water: 603 meters available for purchase with potential to acquire more
• Developer Fees: School Fees have been paid, backbone infrastructure is complete, and agreement in place with master developer for acquisition of many other fees and credits
• Location: Just 10 minutes from the Kahului Airport, the site offers the rare opportunity to develop a community with views of Maui’s gorgeous mountains and the adjacent golf course
• Affordable Requirement: Mostly satisfied by master developer, modest amount remaining that can be provided with multifamily rental product
• Strong Residential Demand: As evidenced by record home prices and over 2,390 single-family homes/condos sold last year on the island, demand for residential housing remains extremely strong, especially for homes under $1 million
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