DeBartolo Development LLC has announced that they will be increasing the first phase of the Ka Makana Ali’i regional mall in East Kapolei from 200,000 sq ft to 700,000 sq ft due to improving market conditions. The first phase would include a total of 75 tenants, a department store, a movie theater, restaurants and a hotel. A second phase is also being planned to increase Ka Makana to a total of 1.4 million sq ft in a few years. This will make the Ka Makana the third largest shopping center in Hawaii behind Ala Moana and Pearl Ridge.
Construction is expected to begin in January 14, 2014 and the first tenants could be in place as quickly as Fall of 2015. The two phases would cost approximately $500 million to build, or $260 million and $240 million respectively. Other than the construction jobs that would be created to build Ka Makana, it is expected that the shopping center will generate 8,000 long-term jobs.
Source: Honolulu Star Advertiser, 5-3-2013, 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
