The new owners of 252 acres of South Kohala land hope to have the utilities in place for the first 195 home sites in 2015. ADVERTISING The new owners of 252 acres of South Kohala land hope to have the
The new owners of 252 acres of South Kohala land hope to have the utilities in place for the first 195 home sites in 2015.
Brian Anderson, who is not part of JPL Hawaii LLC, but who worked with the group that purchased the land earlier this month, said the group’s goal is to finish the interior road and underground utility improvements next year.
“The homes are geared toward local families, subdivision consists of single-family detached home sites, ideal for raising families and in close proximity to thousands of jobs,” Anderson said in an email late Wednesday. “We feel the location is very unique as it offers resort living with the beach and multiple restaurants within the resort.
In all, they intend to develop a 420-home subdivision with a park, community center, workout facility and “resort pool experience,” Anderson said.
According to state records available online, JPL Hawaii LLC formed in April. Records list Jeremy Leonard as the group’s manager. Its purchase of the property closed May 9. A representative of the seller said the property was purchased for about $5 million. Elleair Hawaii Inc., which is owned by Japan’s Daio Paper Corp., sold the property on the north side of Waikoloa Beach Resort, just makai of Queen Kaahumanu Highway. According to Hawaii property tax records, Elleair purchased the property for $75 million.
A seller’s representative said the Japanese company was looking to “reposition” itself.
The property has an approved subdivision application and a final plan approval, as well as a special management area permit that will allow for up to 420 residential units. Davis said the planned unit development only calls for 195 units — 92 single-family homes and 103 units in multiunit buildings. That approved plan also allows an 18-hole golf course.
