Developer Castle & Cooke Hawaii has announced that they still plan to proceed with the Koa Ridge project that will provide 3,500 new homes in central Oahu. This affirmation by Castle & Cooke comes after the Hawaii Supreme Court rule on December 23, 2013, that a 2010 Land Use Commission approval was invalid. However, representatives of Castle & Cooke noted that in 2012, the Land Use Commission voted again to reclassify the land from agricultural to urban use. Castle & Cooke issued a statement saying, "The (Supreme Court) ruling does not prevent us from proceeding with Koa Ridge. A 2012 LUC approval remains in effect, and last month, Bill 48 (Ordinance 13-38) was signed into law by Mayor Kirk Caldwell that completes the city's rezoning process. The merits of Castle & Cooke's Koa Ridge project were never in question and we remain committed to moving forward with the project. We have heard from many of you and are overwhelmed by the positive responses and inquiries from families who hope to call Koa Ridge home."
According to Castle & Cooke, ground breaking should begin in 2015 and the first homes should be built in 2016.
Source: Honolulu Star Advertiser, 12-31-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
