The development team spearheading the $354.8 million redevelopment of the Makena Resort in South Maui into a mixed-use golf course resort community has revealed more details about the 158-unit project, according to public documents.
Construction on the project has already begun, with construction on homes expected to begin in early 2016.
ATC Makena Holdings LLC, which is made up of New York-based real estate investment firm and fund manager AREA Property Partners, Honolulu-based hotel investor and operator Trinity Investments LLC and developer Stanford Carr’s Honolulu-based Stanford Carr Development, is partnering with Discovery Land Co. on the 47-acre project.
The redevelopment involves single-family, multi-family, resort commercial and transient vacant rentals to be built on three parcels, according to the project’s recently released draft environmental assessment, which found that it won’t have any significant impact to the environment.
One parcel will include the construction of 52 multi-family residential units and 15 large single-family custom estates, a recreational center with a swimming pool.
These 52 units will be included in eight buildings containing six to eight units each.
Another parcel will have 36 multi-family residential units in six six-plex buildings, 11 large single-family custom estates and 20 small single-family cottages, a recreational center with a swimming pool.
The third parcel will include 10 resort units, a resort-oriented commercial village consisting of 14 condominium units and 34,900-square-feet of retail space.
Construction on the project should take between three and five years to complete.
Pacific Business News