Property Development Centers, a real estate development firm, has announced that they have reached an agreement to purchase 24 acres of land in Kahului, Maui from landowner Alexander & Baldwin Inc. A new shopping complex, called Puunene Shopping Center, will be built on the site and will have approximately 20 retailers and restaurants. Target will be the anchor tenant of the complex and will build a 141,240 sq ft store. Currently, Target has two stores on the Island of Oahu and two stores on the Big Island of Hawaii. Chief Operating Officer for Property Development Centers, David Zylstra, commented, “This new retail center in the heart of Kahului’s retail district is part of our ongoing commitment to provide new lifestyle shopping options for the Hawaii community.”
The center is expected to be completed in March of 2015. It is estimated that 250 construction jobs would be created to build the Puunene Shopping Center and that 300 permanent jobs would be created long term.
Source: Honolulu Star Advertiser, 4-12-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
