Big new mall coming to Kapolei
Posted by Tony Kawaguchi, RA on Friday, June 19th, 2009 at 2:23pm.Looks like we will getting a massive new shopping mall in Kapolei, which is West Oahu for those not familiar with the island.
Kapolei is where all the growth is happening in Oahu, with some massive home building to come in the next few years. There is going to be new contruction in Kapolei for the next 10 yrs. Construction is supposed to begin in late 2010 on the $500 million complex which will have a whopping 1.1 million square feet of commercial space, and 200,000 square feet each of hotel and office space.
The mall is going to be called Ka Makana and is supposed to create about 21,000 construction jobs over five years. Once completed, the whole complex is expected to create 4,000 to 5,000 jobs. The complex is going to have two towers for hotels and two for offices. The two hotels would have between 300 to 500 rooms and would be aimed at those doing business or visiting family in West Oahu.
The developers expect the Hawaii economy to recover by the time the first stores open because Hawaii is a little sheltered from this economy
Here is the article.
This is great news for Kapolei, Makakilo, and Ewa real estate, which have been struggling a little bit lately. Jobs = money to buy homes, pay mortgages, and less foreclosures.
Aloha Tony
Hawaii Real Estate Agent
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