INDUSTRIAL THE RISE pg.22 - RAISING

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INDUSTRIAL THE RISE pg.22 - RAISING
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      LIVE     +    WORK        +   INVEST

 Reaching                                                  Mokulele Airline’s
                                                          DARRYL GRACE
                                                                  Aims High

HEIGHTS     BILLION
            REASONS
            TO INVEST
            IN KAPOLEI
            pg.12

  INDUSTRIAL             RAISING                   LIVING &
INVESTMENT ON         THE RETAIL BAR              THRIVING IN
  THE RISE pg.22                pg.28             KAPOLEI pg.42
INDUSTRIAL THE RISE pg.22 - RAISING
Live + Work + I N V E S T

                     Profit Grows Here

                                Hurry, only a few investment opportunities remain
                                Everything is growing in Kapolei. Jobs. Population. Housing.
                                Infrastructure. Rail transit. Income. Investments. And profits.
                                Take advantage of the benefits of Hawaii’s fastest growing
                                region and find out how you can invest in success like Costco,
                                Target, Disney Vacation Club, University of Hawaii-West Oahu,
                                Gentry Investment Group, MacNaughton Group, Kobayashi
                                Group, Avalon Development Co., The Maryl Group and more.
                                They know a good deal when they see one. Find your
                                opportunity now and become Kapolei’s next success story.

                                                  For more information contact:
                                                      Kapolei Properties LLC
                                                        www.kapolei.com
2   KAPOLEI
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                                                                                                                             Live + Work + I N V E S T

Investors Fuel
Kapolei’s Growth
                                              WE’RE E XPERIENCING A
                                              MOMENTOUS TIME in Kapolei’s
                                              development. The investments
                                              made by our many business,
                                              government and community
                                              partners over the past 24
                                              years have been fueling the
                                              incremental development of the
                                              new city as it was imagined in
                                              the Kapolei Long Range Master
                                              Plan.                                          CONTENTS
In this issue of Kapolei Magazine, we take a look at some of the key
                                                                                             FE ATURES
developments over the past year that have raised the city to new
heights – symbolically depicted on our cover by Mokulele Airlines                            6    Kapolei Reaches New Heights
which began commercial flight service out of Kalaeloa Airport in                             12   110 Billion Reasons to Invest in Kapolei
July 2014. The investors responsible for these developments are
                                                                                             16   Staying Well and Living Well in Ewa
contributing significantly to the economic strength of the region
and creating jobs for its expanding workforce. So much so that it is                         20 A New Industrial Revolution
estimated that the total economic activity over the next 20 years                            22 Q&A: Industrial Investment on the Rise
will exceed $110 billion.
                                                                                             28 Kapolei: Raising the Retail Bar
     •		   Industrial Growth – with major investors opening up
     		    prime industrial lands to meet the long pent-up demand
                                                                                             36 Education in Kapolei: Pathways
     		    for industrial space.                                                                to the Future
     •		   Transportation – with multi-modal access increasing mobility                      42 Living and Thriving in East Kapolei
     		    in and out of Kapolei by air, rail and roads.
     •		   Retail – with the city’s largest retail center adding fresh attractions           48 Kalaeloa’s Growing Job Center
     		    as it expands, while a new investor promises a creative twist to the              58 Ko Olina Resort: Keeping it Fresh
     		    shopping center concept.
     •		   Healthcare – with the state’s largest private hospital bringing
     		    back critical emergency room and hospital services to West Oahu.                  PROFILES
     •		   Education – with higher education options expanding for
     		    traditional and non-traditional students.
                                                                                             15   Darryl Grace
     •		   Revitalization – with redevelopment of Kalaeloa transforming
     		    the character of the community.
                                                                                                  Flying High & Having Fun
     •     Community Development – with rich community resources                             18   Dan Grabauskas
     		    extending East Kapolei’s impact beyond its borders.                                    RAIL Spells Relief
      These investors are indeed the fuel driving the economic engine                        26 Christine Camp
that is Kapolei. As new investors come to take advantage of the                                 The Power of a Vision
opportunities for growth and expansion in the fastest growing region                         34 Rick Nakashima
in the state, Kapolei will realize its potential as a dynamic new city                          The Entrepreneurial Spirit
where Oahu’s future lies.
                                                                                             40 Todd Bedford
                                                                                                Making Connections in Kapolei
                                                                                             46 Bob Bruhl
                                                                                                From Wall Street to Merchant Street
Brad Myers, President
Kapolei Properties LLC                                                                       56 Linda Painter
                                                                                                Right Up Her Alley

                                     Theresia McMurdo               Maya Leland
                                     EDITOR                         WRITER                   MAPS & GR APHS
                                                                                             12   Demographic Charts and Graphs
KAPOLEI MAGAZINE All contents copyright © 2014. Published in partnership with                32 Kapolei Area Long Range Master Plan Map
Kapolei Properties LLC and Hawaii Business magazine, 1000 Bishop Street, Suite
405, Honolulu, HI 96813. Telephone (808) 537-9500. Printed in Hawaii. All information
contained herein is based on information currently available to Kapolei Properties LLC,      62 The City of Kapolei Map
and is subject to change at any time without notice. Statements contained herein are not
to be construed as official policy positions of Kapolei Properties LLC, James Campbell
Company LLC, its affiliates or any of the developers or companies involved in the building
of Kapolei. No rights or benefits of any type are inferred by this publication.

                                                                                                                                          KAPOLEI        3
INDUSTRIAL THE RISE pg.22 - RAISING
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                                                                                  SUN · EARTH · OCEAN

                                Visit KoOlina.com for resort, dining, and activity information.

4   KAPOLEI
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         Welcome to the resort life.

                     WHEN YOU LIVE IN HOAKALEI
                   EVERY DAY FEELS LIKE A VACATION.
                          Imagine being greeted every day by breathtaking views of Ernie Els’ signature
                             Hoakalei Country Club golf course. Lounging by your own neighborhood
                                    pool and spa. Walking or jogging along the scenic shoreline trail.
                                 Imagine kayaking and paddleboarding in the sheltered waters of the
                              spectacular new Wai Kai Lagoon. And then returning home at the end of
                                           the day to the island-inspired luxury of
                                     your new home — here in Hoakalei, Hawai‘i’s
                                                    year-round, family-friendly resort.

                                  Come tour our newest neighborhoods. Models are open daily 10am-5pm.
                                                           Learn more at HoakaleiResidences.com
                                                        From the $600,000s to over $1 million                         (FS).

   ‘Ewa Beach, O‘ahu. 3% broker participation. Broker must accompany client on first visit.

A MASTER - PLANNED COMMUNITY BY HASEKO DEVELOPMENT, INC.
The proposed Wai Kai Lagoon, the neighborhood pools and spas, and other amenities included in the master plan for the Hoakalei Resort are in the conceptual planning stages, are
subject to governmental approvals, and are subject to change without notice. Purchase of a residence at Hoakalei Resort includes the use of the respective project’s neighborhood
pool, spa, and barbeque area (when developed). Costs related to a project’s pool, spa, and barbeque area (when developed) will be included in the mandatory monthly Homeowners’
Association fees. Purchase of a residence at Hoakalei Resort does not include membership in the Hoakalei Country Club Golf Course. Access to golf and other amenities (including
access to the planned lagoon) may be subject to the payment of certain fees, charges, membership requirements, and other requirements and restrictions. The prices of our
residences are subject to change at any time without prior notice or obligation and are subject to availability. This does not constitute an offer to sell or solicitation of offers
to purchase in any jurisdiction where prior registration is required. Void where prohibited by law. Broker participation is subject to revocation at any time without prior notice.
                                                      – lie Street, #205, ‘Ewa Beach, Hawai‘i 96706 Tel: 808.689.7772 ext 281
Offered by: Haseko Realty (Hawai‘i) Inc., 91-1001 Kaima                                                                                                     KAPOLEI 5
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    Kapolei
    Reaches
    New
    Heights
    With planes, rail
    and roads

    T
                                    is an
                       R A N S P O R TAT I O N
                important component
                of Kapolei’s economy.
                It’s the lifeline that
                opens up opportunities
                within and beyond the
                region – from better
                                                             PHOTO: OLIVIER KONING

                access by air, rail and
                roads to jobs, goods
    and services, to the expansion                                           Guideway construction is no
    of markets for investors who in                                      easy task, as each span (between
    turn create jobs and help to fuel a                                    columns) has approximately 12
    robust and growing economy.
       This year, Kapolei’s transporta-                                  concrete segments, each of which
    tion system took flight, so to speak,                                                  weighs 50 tons.
    with this trio of mobility modes.

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                                           KAPOLEI        7
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    Live + Work + I N V E S T

      • The children of Kapolei eagerly assist Mayor Kirk Caldwell (center) and (L-R)
      Rep. Ty Cullen, Rep. Mark Takai, Councilmember Kymberly Pine, Councilmember
      Ron Menor, Sen. Mike Gabbarod and Rep. Sharon Har with the opening of Kapolei
      Parway, which will greatly enhance mobility in the region.

                                                                                                                                            PHOTO: OLIVIER KONING
    Air -- Mokulele Airlines launches              were in good enough condition to allow         Mokulele’s expansion plans call for
    first commercial air service at                operations to begin without big capital      new routes from Kalaeloa to Molokai
    Kalaeloa                                       improvements. And there were already         and Kapalua, Maui in the fall, with Kona
       July 1, 2014 -- Kona-based Mokulele         a number of businesses and attractions       and Lanai to follow later. The airline
    Airlines launched its inaugural flights        present in the area.                         plans to roll out cargo service once its
    out of Kalaeloa Airport to Kahului, 15            Then there were the benefits that         new reservations system is complete
    years to the day since the U.S. Navy de-       would appeal to the traveling public:        sometime in the early fall.
    activated the former Barbers Point Na-         Short travel time to the airport for local     Mokulele also offers a corporate
    val Air Station John Rodgers Field and         residents and Ko Olina guests flying         program for business travel. ”It’s still
    turned it over to the State of Hawaii.         inter-island (no H-1 Freeway traffic to      the best in the state, with no enroll-
       This was significant because it             Honolulu International Airport). No          ment fees, free bags, no change fees, and
    marked the start of commercial air             TSA screening required for nine-pas-         qualifications have been lowered to just
    service out of Kalaeloa (Airport code:         senger planes. Easy and ample parking.       50 segments per year,” said Berry. Busi-
    JRF for John Rodgers Field), with six          No long waits to board or deplane. And       nesses can get information about setting
    daily round trips between Kalaeloa and         as an added extra, dramatic views of the     up a corporate account at corporate@
    Kahului, Maui.                                 islands from flying at lower altitudes.      mokulelehawaii.com
       It was almost happenstance that                “We started doing our research on
    brought this about, according to Chief         the community and assessing the area’s
    Operating Officer David Berry. Over a          need for additional transportation op-       Rail – HART moving forward on
    year before, the company was looking           tions,” said Berry.                          rapid transit construction
    at Kalaeloa hangar space to do mainte-            Airline executives received enthusi-         When construction stalled on the
    nance work on their fleet.                     astic support from members of the com-       Honolulu Rail Transit Project because of
       “When we saw the airport and how            munity and the neighborhood boards,          court delays, there were just 16 complet-
    underutilized it was, the proverbial           and a year later, Mokulele started air       ed guideway columns dotting the East
    light bulb went off,” said Berry.              service between Kalaeloa and Kahului.        Kapolei landscape. As soon as the court
       The benefits were certainly compel-            “When you start a new service where       cleared the way in the fall of 2013, work
    ling: The airport is in a key location         none existed before, it’s hard to predict    resumed immediately on column pro-
    within the new city’s growth corridor.         what the response will be,” Berry said.      duction for the elevated rail guideway.
    The air routes were already estab-             “Our numbers are up and better than          Construction moved at a steady clip, and
    lished, which meant Mokulele could             our projections, and they keep getting       at the time of this writing, Kiewit Infra-
    use existing FAA approved routes. The          better every day.”                           structure West’s crew had brought that
    small terminal and airport facilities

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             KAPOLEI        9
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                                              “Kapolei residents will be able to take the bus to the City
                                              transit center and make the connection to the rail station,
                                              or drive to the station via Kapolei Parkway.”
                                              — M IC H A E L F O R M B Y,   DTS director

                                              Kapolei to Aloha Stadium.                     fuller development of a transit-oriented
                                                The rail project has created more           community where residents can live,
                                              than 1,100 jobs thus far, with more           work, connect and play using public
                                              than 140 construction people work-            transit,” said Michael Formby, the
                                              ing at Kiewit’s 34-acre casting yard in       City’s DTS director.
                                              Kapolei.                                         The alignment of the fixed-rail
                                                The first 10 miles of the system is         guideway extension into Kapolei meets
  number to more than 100 columns.            expected to open in 2017, with the full       up with Kapolei Parkway, and the
     This represents a major milestone        20 miles in operation in 2019.                Kapolei Rail Station is near the City’s
  for the project, according to HART                                                        planned bus intermodal transit center.
  CEO Dan Grabauskas. “We completed           Roads — Kapolei Parkway com-                  “Kapolei residents will be able to take
  the first spans for the elevated rail       pletes major connections                      the bus to the City transit center and
  guideway, on which the trains will             The City and County of Honolulu’s          make the connection to the rail station,
  run,” he said.                              Department of Transportation Services         or drive to the station via Kapolei Park-
     Guideway construction is no easy         (DTS) just completed Kapolei Parkway          way,” said Formby.
  task, as each span (the portion of the      in October 2014 and with this criti-             The Kapolei Parkway extension
  guideway between one column and the         cal new connection, residents have an         also connects to Kapolei Properties
  next) has approximately 12 concrete         alternative route to the area’s residential   LLC’s recently completed city center
  segments, each of which weights 50          and commercial centers as well as the         streets that complete the internal grid
  tons. To get an idea of the enormity of     H-1 Freeway.                                  in the urban core. Alohikea Street now
  the project, it will take more than 5,200      “The opening of Kapolei Parkway            connects between Haumea and Ku‘ou
  of these segments to complete the first     also completes the foundation for the         Streets, and Alakahawai Street con-
  10 miles of the guideway from East          extension of rail into Kapolei and the        nects Uluohia and Wakea Streets. 

Untitled-2 1                                                                                                            10/16/14 8:47 AM
Live + Work + I N V E S T

Leading the nation
in solar energy.

Percentage of customers in Hawai‘i with solar

        Kaua‘i Island
        Utility Cooperative          6.1%*
                Hawaiian Electric         11.0%*
                                 Maui Electric       9.0%*
     0.5%**                  Hawai‘i Electric Light        8.0%*
                                                           * As of 6/30/14
                                                           ** As of 12/31/13
                                                           National data courtesy of Solar Electric Power Association

Rooftop solar has grown dramatically in Hawai‘i in the     Through continued renewable growth and increased
past several years. Hawai‘i is now first in the nation     energy efficiency, our goals for 2030 are to:
for installed solar PV systems per customer.                 • Triple the amount of distributed solar power
                                                             • Achieve more than 65% renewable energy
Solar power, both utility-scale and rooftop systems, is
part of our state’s diverse clean energy portfolio. With   Hawai‘i is setting new standards for others to follow,
energy from solar, wind, waste-to-energy, biofuels,        so that future generations can live in a cleaner, more
hydro and geothermal facilities, Hawai‘i receives          sustainable world.
19% of its energy from renewable sources.
                                                           Find out more at www.hawaiianelectric.com.

                                                                                                            KAPOLEI        11
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     110 Billion Reasons
     to Invest in Kapolei
                                 Kapolei's Total Economic Activity
                                   over the next 20 years is projected
                                   to exceed $110 billion.

$110 B                                                                     KAPOLEI'S POPULATION
                                      HERE'S A BIG NUM-

                                                                                                                                                                 168,940
                                      B E R TO CO N S I D E R :            GROWTH
                                         Over the next 20 years,

                                                                                                                                                      156,910
                                                                           2000-2035

                                                                                                                                107,234 143,290
                                        Kapolei's total econom-
                                        ic activity is projected           SOURCE: Plasch Econ
                                       to exceed $110 billion.             Pacific, LLC

                                                                                                                     128,250
                                      With an uptick in growth

                                                                                                           112,440
                                    across all sectors of the

                                                                                                 101,400
                                  state's economy, Kapolei is in
                               a particularly ideal position to
                                                                                        85,850

                           attract investors looking for expan-
                     sion opportunities. This is especially true
                                                                              68,700

     in the industrial sector, where Kapolei is poised to be
     the center of an industrial real estate boom for years
     to come. Business, too, is flourishing with the growth
     in the commercial and retail sectors. Underpinning all
     this is the phenomenal growth Kapolei has been seeing
     in the region’s population.
          To put this in perspective, in 1990 Kapolei’s popula-
     tion was 68,700. That number is projected to increase
     by nearly 64 percent to 112,440 in 2015, and another 50
     percent by 2035. Kapolei is a young community, with a                   2000      2005      2010       2015     2020       2025                  2030       2035
     median age of 31.9, and is well educated, with nearly 62
     percent having a higher education ranging from some                   and affluent, with a median household income of $83,300.
     college to associate, bachelor and graduate degrees. It               Kapolei is also ethnically diverse, making it a rich multi-
     is stable, with a nearly 75 percent homeownership rate,               layered, multi-racial community.

KAPOLEI                                            KAPOLEI REGION                                                                                 SOURCE: 2010 U.S. Census

DEMOGRAPHICS                                       POPULATION BY ETHNICITY
AVERAGE HOUSEHOLD SIZE: 3.43
MEDIAN AGE: 31.9                                      Filipino    26.8 %                                             0.9 %     Korean
EDUCATION:                                                                                                           1.5 %     Chinese
High school – 30.1%                                                                                                  4.3 %     Other
                                                          Two or
Some college – 26.1%                                  more races      28.1 %
Associate’s degree – 11.6%                                                                                           4.9 %     Other Asian
Bachelor’s degree – 17.5%                                                                                            9.3 %     Native Hawaiian &
Graduate degree – 6.6%                                  Caucasian     18.6                                                     Other Pacific Islander

SOURCE: 2010 U.S. Census
                                                                                                                     5.7 %     Japanese

12    KAPOLEI
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KAPOLEI HOUSING                                                                      HOME
                                                                                     OWNERSHIP
                                                                                     RATE
                                                                                                                      MEDIAN
                                                                                                                      HOUSEHOLD
                                                                                                                      INCOME
                                                                                                                                                           COMMERCIAL
                                                                                                                                                           SPACE

GROWTH
                                                                                                                                                           Kapolei tomorrow
                                                                                                                                                           vs. Honolulu today
                                                                                                      70%                             $83K
2000-2035                                                                              65%                             $70K                                  8.8              7.8
                                                                                                                                                            MILLION SF
                                                                                                                                                                            MILLION SF
SOURCE: Plasch Econ Pacific, LLC

 2000                                           20,800                              HONOLULU         KAPOLEI         HONOLULU        KAPOLEI             HONOLULU          KAPOLEI
                                                                                                     REGION                          REGION                2010            REGION
                                                                                                                                                                            2025
 2005                                                    26,010
                                                                                    SOURCE: 2010 Census              SOURCE: 2010 Census                 SOURCE: Plasch Econ Pacific LLC
                                                                                                                                                         and Colliers Monroe Friedlander

  2010                                                          30,730

  2015                                                                 34,910

 2020                                                                      40,820

 2025                                                                            46,770

 2030                                                                                        52,560

 2035                                                                                            58,110

                                     42              %
 CURRENT                                                                        NUMBER
 JOB CENTERS                                                                    OF JOBS
 IN THE KAPOLEI                                                                 IN KAPOLEI
 REGION                                                                         2000- 2035
 (Not including construction jobs)                                              SOURCE:
                                     City of Kapolei                            Plasch Econ Pacific, LLC

10 %       Ewa Beach

 7%       Ewa
          Gentry

6%        Ko Olina

6%
         Villages
         of Kapolei

5%
         Makakilo/
         Kunia

3%
         Ewa
                                                                                                                                                                               103,430

         Villages
                                                                                                                                                84,090
                                                                                                                        62,660

                                                                                                                                                                94,090
                                                                                    19,940

                                                                                                 37,940

                                                                                                                                      72,970
                                                                                                            46,180

21%
         Campbell
                                      SOURCE: City & County of Honolulu,
         Industrial Park                  Dept. of Planning & Permitting
                                                                                  2000 2005                2010        2015         2020 2025 2030 2035

                                                                                                                                                                    KAPOLEI                13
Harbor Court 1110 7x9.875:Kapolei Foundation 0803 11/30/10 12:04 PM Page 1

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                                        Lightweight Cellular Concrete Technology
                                                                            Isle CellCrete is a polymer-based, lightweight
                                                                            cellular concrete produced for Geotechnical,
                                                                            Structural and Floor Leveling applications at
                                                                            densities ranging from 35 to 120 pounds per
                                                                            cubic foot (pcf).

                                                                            All the advantages of concrete and more
                                                                            • Strength • Durability
                                                                            • Termite & Fire Resistance
                                                                            • Low Maintenance Cost

                                                                                            Island Ready-Mix
                                                                                               Concrete, Inc.
                                                                            Phone: 682-1305 Fax: 682-4478
                                                                            91-047 Hanua Street • Kapolei, Hawaii 96707

                                 Moisture resistant and easy to pump, place and finish, Isle CellCrete was utilized to repair
                                 Harbor Court’s 12th floor recreation deck planters.

14   KAPOLEI
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                                                                                         PROFILE

                                                                                          tour captain.
                                                                                              “It was a terrific experience,” said
                                                                                          Grace. “I was flying and selling the air
                                                                                          tours. It gave me a much broader expo-
                                                                                          sure to the business.”
                                                                                              It wouldn’t be too long before he
                                                                                          would move up the ladder when, three
                                                                                          years after joining Mokulele, he was
                                                                                          named general manager shortly after
                                                                                          the airline was purchased by Transpac
                                                                                          Aviation in 2011.
                                                                                              Since the acquisition, Mokulele’s
                                                                                          passenger load has more than doubled,
                                                                                          and the demand for service has grown
                                                                                          to the point that the airline recently
                                                                                          added a new route to Kalaeloa in Kapo-
                                                                                          lei. This made it the very first commer-
                                                                                          cial air service at Kalaeloa Airport.
                                                                                              “We’re surprised at how well
                                                                                          received we’ve been in the Kapolei
                                                                                          community,” Grace said. “We were
                                                                                          counting on the fact that the com-
                                                                                          munity would appreciate the ease of
                                                                                          travel from Kalaeloa to Kahului, and
                                                                 PHOTO: OLIVIER KONING    especially not having to battle the H-1
                                                                                          traffic to get to the Honolulu Interna-

Flying High
                                                                                          tional Airport. The response has been
                                                                                          so good that we will soon be adding
                                                                                          new routes to Molokai and Kapalua.”
                                                                                              By bringing commercial air service
                                                                                          to Kalaeloa, Mokulele is positioned to

& Having Fun
                                                                                          play a part in Kapolei’s development,
                                                                                          according to Grace, who recently be-
                                                                                          came a Kapolei Chamber of Commerce
                                                                                          member. “This service and the addition
                                                                                          of more routes will open up more op-
                                                                                          portunities for businesses in Kapolei

† Darryl Grace / General Manager, Mokulele Airlines
                                                                                          and the whole West Oahu region,
                                                                                          which will also help to stimulate job
                                                                                          growth.”
WHEN KONA-BORN and -raised Dar-               Destiny opened the door when                    In the meantime, Grace is having a
ryl Grace graduated from Konawaena         he received a football scholarship to          good time. “I get up in the morning and
High School in 2001, he fully expected     Central Missouri State University.             don’t feel like I’m going to work,” he
to follow his dad into construction by     He immediately got to work on a B.S.           said. “Just imagine – every day I get to
getting an engineering degree. At least,   in aviation technology with a focus            fly and have fun!”
that was the plan. He was in communi-      on becoming a professional pilot, and              However, he still has a debt to pay.
ty college when his sister, Lilinoi, who   followed up with an M.S. in aviation           His sister never completed her flying
was learning to fly, took him up for a     safety.                                        lessons. She followed a different career
flight with her instructor.                   After college, Grace returned home          path and is now project director of
    “I thought, I could do this,” said     and became a flight instructor to build        the Children’s Defense Fund Freedom
Grace. “Flying is like operating heavy     up time and experience, and a year             Schools in Kona. “It’s time to help her
equipment!”                                later joined Mokulele Airlines as an air       get her pilot’s license.” 

                                                                                                                         KAPOLEI        15
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                                                                                                                                           PHOTOS COURTESY QUEENS HOSPTIAL
     Staying Well and Living
     Well in Ewa
“S
              TAY I N G W E L L A N D L I V I N G W E L L” is certainly an                    cardiology and specialty clinics. The
              apt description for this community whose roots                                  hospital has 80 beds, with the capacity to
              extend back to the late 1900s, when sugar was king.                             increase up to 135 beds as volume grows.
                                                                                                  After the opening, the response was
              Sugar is no more, but Ewa has grown and changed                                 astounding, with a record 940 emer-
              with the times, and is now an area with its own                                 gency room visits and 126 inpatient
              exemplary healthcare system, and several master-                                admissions during the first seven days of
                                                                                              operation. The overwhelming numbers
     planned residential developments with the latest in home                                 led to a redeployment of staff from the
     construction technology and community amenities.                                         Queen’s Punchbowl campus to help with
                                                                                              the volume.
                                                                                                  “Our Queen’s ohana is very grate-
     A Lifeline Restored                           Medical Center in town,” said Florendo.    ful for the West Oahu community’s
                                                       Fortunately, in 2012, The Queen’s      response and support,” said Susan Mur-
     When the Hawaii Medical Center West           Medical Center acquired the facility and   ray, senior vice president of The Queen’s
     in Ewa closed in 2011, it left a critical     began a massive renovation and expan-      Health Systems, West Oahu Region, and
     gap in the region’s healthcare network        sion of the existing structure to build    chief operating officer of The Queen’s
     of services, particularly in cases of medi-   a virtually brand new, state-of-the-art    Medical Center – West O‘ahu. “Every
     cal emergencies, when patients would          emergency and hospital services medi-      one of us at Queen’s is committed to pro-
     face long and harrowing drives into the       cal center. They named it The Queen’s      viding our patients with access to quality
     nearest emergency room and hospital in        Medical Center – West Oahu. Queen’s        healthcare.”
     Honolulu.                                     – West Oahu opened in May 2014, three          Not long after the new facility
         For Makakilo resident, Gloria Flo-        years after the closure.                   opened, Gloria Florendo had to take her
     rendo, it was at least a 30-minute drive          The new medical center provides all    mother to the emergency room. What
     to Pali Momi when her mother, Bernar-         the services essential to a community      she found was a world of difference from
     dina, had a medical emergency. “Even          hospital such as emergency room, inpa-     her previous ER experiences, starting
     longer, if we had to drive to Queen’s         tient and outpatient surgery, imaging,     with a mere 10-minute drive to the hos-

16   KAPOLEI
SPECIAL PROMOTIONAL SECTION

                                                                                                                Live + Work + I N V E S T

                                                                                                 In total, Hoakalei will have 2,300
                                                                                             resort and golf residences. Construc-
                                                                                             tion is now underway at the resort’s
                                                                                             first gated community, Kipuka, which
                                                                                             offers a series of single-family con-
                                                                                             dominium homes that have views of
                                                                                             either landscaped greenways or the
                                                                                             fairways and lakes of the Hoakalei
                                                                                             Country Club golf course. Nearby, an-
                                                                                             other newer neighborhood, Kuapapa,
                                                                                             has launched two new collections of
                                                                                             island-inspired seaside-style cottages
                                                                                             with eight models starting from the
                                                                                             mid-$700,000s. Kuapapa also has golf
                                                                                             course views.

pital from their home in Makakilo and         a full-sized enclosed garage enjoyed by
the level of care in a busy ER.               owners of other single-family homes. On
    “What impressed us the most was the       the other hand, there’s the condominium
compassion and caring of the entire staff,    affordability factor, with three-, four- and
even though the ER was very busy,” said       five-bedroom homes priced from the
Florendo. “The nurses and doctors were        high $400,000s and ranging from 1,294
very focused and took the time to make        to 1,596 square feet.
sure they had a list of all her currents          Another affordability factor is energy
meds and instructions for care.”              savings. Today, every Gentry home inte-
    Michael Kamegawa of Makakilo had          grates the award winning “Gentry Green
a similar experience when he went to          Living” energy efficient features using
the ER for an emergency procedure. He         the very latest in technology designed to
couldn’t stress enough the importance         be gentle on the environment and at the
                                                                                                 Both neighborhoods provide access
of Queen’s – West Oahu to the entire          same time, greatly reduce homeowners’
                                                                                             to the recently opened private Wai Kai
community. Kamegawa said, “With               energy costs. This will be especially true
                                                                                             Hale Club, where Hoakalei residents
Kapolei expanding, there are so many          at ParkSide, where homeowners will
                                                                                             can launch a kayak, canoe and other
more people who need this level of            see significant savings in their monthly
                                                                                             small watercraft, or sunbathe and
service close to home, especially in times    housing expenses.
                                                                                             barbecue. The Club is the first devel-
of emergency.”                                    “We are able to keep the prices low,
                                                                                             opment along the planned Wai Kai
                                              starting at below $500,000, and increase
                                                                                             Lagoon. In the near future, residents
Ewa by Gentry offers the                      inventory that is affordable,” said Rick
                                              Hobson, Gentry’s vice president of Sales
                                                                                             and visitors alike will be able to take
best of both worlds                           & Marketing. “Because it is constructed
                                                                                             advantage of the southern shore’s
                                                                                             exceptional weather for recreational
                                              as a single-family home, residents bypass
Gentry Homes has been building the                                                           activities in and around the lagoon, in-
                                              the typical condominium hassle of open
master planned community of Ewa by                                                           cluding a planned protected swimming
                                              parking garages and crowded elevators,
Gentry for over 27 years, and part of the                                                    area, and explore a network of walking
                                              but more importantly, they are not con-
company’s success can be attributed to                                                       trails connecting to a shoreline wilder-
                                              nected to another home.”
providing consistently well-built homes                                                      ness park.
at an affordable price.                                                                          According to Richard Dunn,
    With the escalating cost of real estate   Resort Living at Hoakalei                      Haseko Development, Inc.'s executive
in Hawaii and a limited inventory of new                                                     vice president, Hoakalei is designed
or used homes, homebuyers are faced           As Haseko’s Hoakalei Resort unfolds,           to provide its residents a year-round,
with higher prices. Gentry’s answer to        the elements of a resort community are         family-centered resort lifestyle. “We
this is ParkSide, its newest single-family    taking shape at the 726-acre master-           continue to see great demand for our
condominium community next to Coral           planned development in Ewa Beach.              homes at Hoakalei,” he said. “I think a
Creek Golf Course.                            The stage was first set with the 18-hole       lot of that has to do not only with the
    ParkSide offers the best of both          Ernie Els-designed course at Hoakalei          quality of craftsmanship but also the
worlds – single-family living in a planned    Country Club, followed by the first            quality of resort living. You can’t find
condominium community. Each home is           residential neighborhood, Ka Makana            anything else like Hoakalei Resort on
detached with privacy, a small yard and       at Hoakalei, which is nearly sold out.         O‘ahu and more is yet to come.”

                                                                                                                             KAPOLEI        17
SPECIAL PROMOTIONAL SECTION

     Live + Work + I N V E S T

     RAIL Spells Relief                                                                                                       PROFILE
     † Dan Grabauskas / Executive director & CEO., HART
     NEVER HAS THERE BEEN a larger,
     more high profile public works project
                                                  “We believe that we
     in the state of Hawaii than the Hono-        are making good on
     lulu Rail Transit Project—one that has           a promise made
                                                  decades ago to West
     taken nearly 50 years of planning to
     finally get off the ground. The mag-
     nitude of the project would require a             Oahu residents
     seasoned professional at the helm, and
     Daniel Grabauskas, executive director                 to provide a
     and CEO of the Honolulu Authority for            safe and reliable
     Rapid Transportation (HART) brings
     impressive credentials to the table.              transportation
         Previously, he was general manager
     of the Massachusetts Bay Transportation
                                                             option …”
     Authority, the oldest and fifth largest
     multi-modal transportation agency in
     the U.S., encompassing subway, com-          see the benefits of the project. “I
     muter rail, bus and boat operations          believe that when the system is up and
     throughout the Commonwealth of Mas-          running people will wonder how we
     sachusetts and Rhode Island. He also         got along for so long without it. It will
     served as Secretary of Transportation for    ease the gridlock, and provide a safe
     the state of Massachusetts.                  and efficient transportation option,” he
         So what attracted Grabauskas to          said.
     the HART project at this farthest point          This is especially true in Kapolei,
     in the U.S. from Boston?                     where the project has its genesis.
         “This is an amazing project,” said           “Kapolei is a special place for us
     Grabauskas. “Honolulu will be on the         here at HART. We consider Kapolei
     cutting edge in designing and building       our home base. We believe that we
     the first fully-automated, driverless ur-    are making good on a promise made
     ban metro system in the United States.       decades ago to West Oahu residents to
     We will be leading the nation.”              provide a safe and reliable transporta-
         As the CEO of HART, Grabauskas           tion option—an option to sitting in
     is the face of the project and brings a      traffic for hours every day commut-
     refreshing directness to the job.            ing to and from work, with the sun
         “I have always believed in being         shining in their eyes. I believe this will
     upfront and direct,” he said. “Particu-      significantly improve the quality of life
     larly on such an important project of        for so many of our residents, not just
     this size and scope—this is the largest      in West Oahu, but island wide. And for       each and every day. We have some of
     public works project in Hawaii’s             the residents of Kapolei, our message        the best minds in the transit industry
     history—I want to make sure we are           is simple: Relief is coming; it’s on its     working on our rail system. These
     as transparent as possible. No sur-          way.” Finally, Grabauskas wanted to          are the people who will help deliver a
     prises: That’s what I tell my staff, and I   make sure the team behind the project        safe, efficient and high-quality transit
     believe that’s what the public expects       was acknowledged. “What I like most          line that will serve our community for
     from us at HART.”                            about this project is the dedication and     generations to come. And I am proud
         Grabauskas thinks residents will         talent that my staff brings to this job      to be part of that.”

18   KAPOLEI
Live + Work + I N V E S T

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     Live + Work + I N V E S T

     A New Industrial
     Revolution
     Move Supports Job Growth                                                               acres,” said Camp.
                                                                                               Camp said that having 100 percent
     in Kapolei                                                                             funding and construction plans in place
                                                                                            gives them control of the entire 177

     A
                                                                                            acres, with the flexibility of offering
                  CRITICAL SHORTAGE OF INDUSTRIAL SPACE on                                 various options – from half acre lots up
             Oahu is set to cause severe pain for businesses be-                           to as much as 20 acre lot sizes. The com-
             ing displaced by the take back of industrial lands                            pany can also build a turnkey operation
                                                                                           for those businesses that prefer to move
             for urban renewal in Honolulu. It couldn’t come                               into a ready-to-use facility and bypass
             at a worse time, with the construction industry                               the complexities of real estate planning
             booming, wholesale/distribution businesses that                               and construction.
     use the bulk of industrial space posting record sales,                                    The project includes 54 acres in
                                                                                           Kapolei Business Park, and 122 acres
     and businesses scrambling to find expansion or reloca-                                in Kapolei Business Park West. The
     tion space in a rapidly overheating market. The squeeze                               project is master-planned in five
     is already on in the face of a 2.37 percent vacancy rate,                             phases, starting with the Kapolei
     which Colliers Hawaii forecasts will fall below 2 per-                                Business Park and working its way to
                                                                                           Kapolei Business Park West. Camp
     cent by year-end 2015.                                                                said that Phase 1, which broke ground
                                                                                           in August, is already approved for sale
     BUT RELIEF IS ON THE WAY in the form      trial real estate market on Oahu. The       and should be ready to close escrow by
     of a fortuitous partnership between       partnership acquired 177 acres of prime     early 2015.
     Christine Camp’s Honolulu-based Ava-      industrial land in Kapolei, with plans          Camp has long been a strong pro-
     lon Development Company and Walton        to subdivide and bring them to market       ponent of Kapolei, dating back to 2006
     Street Capital, L.L.C., a Chicago-based   starting in early 2015.                     when her company began development
     private equity real estate investment         “We plan to subdivide the lands into    of the mixed-use retail/office Kapolei
     firm that will revolutionize the indus-   lots ranging from a half acre up to seven   Pacific Center in the City of Kapolei.

20   KAPOLEI
SPECIAL PROMOTIONAL SECTION

                                                                                                               Live + Work + I N V E S T

              Western Kapolei
                                †
   Along with Kapolei Harbor-
 side, two mixed-use residen-
    tial projects, Makaiwa Hills
  and Kapolei West, are some
  of the last opportunities for
      development on entitled,
developable lands in Kapolei.
     Makaiwa Hills, a Makaiwa
    Hills LLC project, is the last
     coastal hillside residential
   area planned on Oahu, and
  offers stunning views of the
 southern and western coast-
   line. Aina Nui Corporation’s
  Kapolei West is bordered by
  both the City of Kapolei and
the Ko Olina Resort and com-
      bines the appeal of urban
               and resort living.
     The three projects are ad-
vantageously located in close
       proximity to the centers
     of commerce in the City of
  Kapolei, and to the Ko Olina
                          Resort.

With two phases complete,
phase 3 is now being planned
to roll out over the next few
                                               "With very few opportunities in town, Kapolei has
years.                                          become a target for businesses seeking to relocate
    In the meantime, Camp                                            or expand their operations.”
fully appreciates the value
of being in the right place at                                                                             — CHRISTINE CAMP
the right time in the indus-                                                                        Avalon Development Company
trial market. “For all of the
reasons cited by the Colliers
Hawaii industrial real estate        costs, close proximity to the growing use of      Kapolei Harborside
experts, Kapolei is the only         Kalaeloa Harbor, and being able to operate        Just west and south of Avalon’s Kapolei
place to be now and in the           in a State Enterprise Zone, all while interest    Business Park West industrial develop-
foreseeable future,” she said.       rates are historically low.”                      ment lies Kapolei Properties LLC’s Kapolei
“We see a migration of in-               Camp said the Kapolei industrial projects     Harborside, the largest, most contiguous
dustrial space users looking         would also generate employment opportuni-         industrial parcel on the island of Oahu. Its
for a place to call home. With       ties for the community. “With all the growth      450 prime industrial acres are immediately
very few opportunities in            in the economy, Honolulu has one of the           adjacent to Kalaeloa Barbers Point Harbor,
town, Kapolei has become a           lowest unemployment rates in the country,”        the state’s second busiest airport, and the
target for businesses seeking        she said. “Kapolei provides employers the         James Campbell Industrial Park, the state’s
to relocate or expand their          opportunity to be closer to the state’s fastest   largest industrial park and a Foreign Trade
operations.”                         growing employee base. And for those people       Zone. Just minutes away from the H-1
    She continued, “Our              who have made West Oahu their home with           Freeway, Kapolei Harborside will be at the
Kapolei industrial project           its lower cost of housing and a myriad of new     center of new industrial, light manufac-
offers users the opportunity         housing options, we believe our project will      turing, maritime, and mixed-use develop-
for fee simple ownership,            help foster job growth and add to the quality     ment that will re-energize and expand the
clean flat usable land, new          of life for residents who want to work where      industrial real estate market on Oahu. 
infrastructure, lower land           they live and play.”

                                                                                                                            KAPOLEI        21
SPECIAL PROMOTIONAL SECTION

     Live + Work + I N V E S T

     Scott Mitchell                                                     Guy Kidder

     Q&A: Industrial
     Investment On The Rise
     H A W A I I ’ S R E A L E S TAT E is experiencing a           are considering business opportunities in
     realignment of land uses, especially on Oahu,                 the region?
     which is transforming the industrial real                       Kapolei Magazine talked to Colliers Inter-
     estate market. What is this realignment, and                  national Hawaii’s experts in the company’s
     how will it impact Kapolei and investors who                  Industrial and Investment Services Division.

                                               are three times the national average,    future upzoning in Transit Oriented
                                               and our vacancy rate is the lowest in    Development areas, as well as a condo
     W I L L I A M ( BI L L) F R O E L IC H    the country -- even lower than Los       development boom in Kakaako. All
     Vice President, Industrial and Invest-    Angeles at 2.37 percent at mid-year.     of this is pushing out industrial space.
     ment Services Division, Colliers          A 7 percent vacancy rate is generally    In the future, most of the near term
     International Hawaii                      recognized as equilibrium where          supply will be in the form of raw land,
                                               tenants and landlords have equal         which does little to help our com-
         What is the general state             bargaining power. Even during the        pressed vacancy rates over the next
         of the industrial real estate         recession, we didn’t see vacancy rates   three years.
         market in Hawaii?                     much above 5 percent.                       Although we do not have the abili-
                                                                                        ties to attract businesses from neigh-
                                                                                        boring states, we have many factors
         Extremely supply constrained.             What are the supply/                 creating strong demand for industrial
         Oahu is unique in that its popu-          demand factors for indus-            space stemming from overall eco-
         lation of around one million is           trial space?                         nomic improvement, tourism being
     served by less than 40 million square
     feet of industrial space. Compare it to       Our supply of industrial spaces      at an all time high, strong military
     a city like San Jose, CA where a simi-        is currently dwindling due to the    spending, rail, sewer and road up-
     lar population supports 400 million           recapture of one million square      grades, and Kakaako and Ala Moana
     square feet of industrial space.          feet of industrial space at Kapalama,    developments. All these factors affect
        This is one reason that rental rates   rail-related eminent domain takings,     industrial demand.

22    KAPOLEI
SPECIAL PROMOTIONAL SECTION

                                                                                                                             Live + Work + I N V E S T

                                                               G U Y V. K I D D E R
                                                               Vice President, Investment & Industrial Services
                                                               Division, Colliers International Hawaii

                                                                   We know that there is a scarcity
                                                                   of industrial space in Honolulu.
                                                                   What does this mean for Kapolei?
                                                                    You’re right! There is and will continue to
                                                                    be a scarcity of industrial space in town.
                                                                    We have already seen millions of square
                                                               feet of improved industrial space disappear
                                                               from the Honolulu market. With this grow-
                                                               ing trend of gentrification of industrial land in
                                                               town, we will see more space lost. Since all the
                                                               other industrial areas are nearly full, we expect
                                                               almost all the future growth in industrial build-
                                               Bill Froelich   ings and jobs will be in Greater Kapolei in the
                                                               near to mid-term.

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         “The next step or opportunity will be
       for owner/users to acquire parcels and
                      expand their facilities.”                                                SCOTT MITCHELL
                                                                                               Executive Vice President,
                                                                                               Investment & Industrial Services Divi-
                                                                    —SCOTT MITCHELL,
                                                                                               sion, Colliers International Hawaii
            How do you see vacancy                that will encourage land values and
            and rental rates trending             lease rents to spike in the near future as      How do you see the market
            over the next few years?              an offset to the imbalance in the supply        for industrial land now and
                                                  side of the supply demand equation.             over the next few years?
            Warehouse properties in town are          As we wait for the new supply to
            disappearing from our inventory       flow into the market, industrial land            Existing Industrial stock is
            and being reclaimed by government     prices and lease rents across the island         becoming the victim of urban re-
       or being redeveloped by the private        will continue to rise. My indicators             newal at an ever accelerated pace.
       sector into higher and better uses. In a   point to a 30 to 50 percent increase         The pressure that has been exerted on
       supply constrained market, reductions      in lease rates and land values by the        the remaining inventory has caused
       in supply can cause our current situa-     end of 2016. That being said, these          vacancy to decline to unprecedented
       tion in a strong market – severe lack of   increases are far less dramatic than         levels and any remaining infill de-
       available warehouse space (2.37 percent    the 300 percent growth in land values        velopment parcels have already been
       island wide vacancy) combined with         we saw in the 2004 through 2008 land         absorbed.
       strong demand. This creates conditions     sales in Waipahu and greater Kapolei.           If you throw into that mix, a public

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                                                           with Pride & Aloha

                                                                    Royal Contracting Co., Ltd
                                                           677 Ahua Street • Honolulu, Hi 96819
                                                                                 (808)839-9006
                                                                         www.royalcontracting.com

24     KAPOLEI

     11-12_RoyalContracting_1-2h_HB.indd 1                                                                                 10/4/13 8:46 AM
SPECIAL PROMOTIONAL SECTION

                                                                                                   Live + Work + I N V E S T

and private sector construction      "Build-to-Suit" construction as well.        their increased rents.
boom, a flourishing tourism             Lastly, and this will take place on an       For the most part, and with the ex-
industry and inexpensive capi-       island-wide basis, you will see the reha-    ception of the rehabilitation of func-
tal, you cannot help but to be       bilitation of older, functionally obsolete   tionally obsolete facilities, the only
bullish on anything industrial       facilities as tenants demand more for        place this can happen is in Kapolei. 
for the next several years.
   A recent study based on
businesses being displaced
from urban Honolulu and job
growth identified demand for
industrial land at an average of
approximately 34 acres per year
over the next five years. But the
study also noted that in times of
supply constraint and intensi-
fied construction activity, out-
sized demand over the averages
can occur.

   What are the oppor-
   tunities for industrial
   real estate investors
in Kapolei in the current
market?
     Any near and midterm
     investment into the indus-
     trial marketplace can only,
and will be in Kapolei. Three
industrial parks totaling a little
over 200-acres will be brought
to market over the next several
years.
    In this cycle we expect
                                                My New Stop
                                                For Breakfast
industrial investment oppor-
tunities to cover all aspects of
development.
    The first step in the process
has already occurred with the

                                                Serving Breakfast Daily
re-trading and recapitalization
of bulk land parcels in Kapolei.
This happened as the market
was bottoming post- recession
and will complete once infra-
structure is built and finished
lots can be delivered to the                                     Breakfast Coupon
marketplace.                               Come in Monday through Friday from 8AM to 11AM
    The next step or opportu-
nity will be for owner/users               and buy one breakfast entree and receive the second
to acquire parcels and expand              at 50% off (of equal or lesser value).
their facilities. Pent up demand
is building now and seeking an                     Subject to availability. Dine-In Only. One coupon per table per visit.
outlet.                                            Cannot be combined with other offers, discount cards or coupons.
    We are expecting space rents
to spike this year. Once these                                                           Kapolei Commons
rents approach the $1.25 per                                                           4450 Kapolei Parkway
square foot per month level,
we will see "speculative" and                                                          Kapolei, Hawaii 96707
                                                                                      Telephone: 808.492.1395

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                                 PROFILE

           The                                         “From the first day that
                                                         I arrived in Kapolei, I

        Power
                                                     believed in the vision that
                                                    it would one day become a
                                                                  thriving city.”

           of a
         Vision
                                                      It was then that she realized that
                                                  education was her future. “I packed up
                                                  my ego and went home,” she said.
                                                      Camp completed her high school
                                                  education, and her first full-time job
     † Christine Camp /                           was with a development company, RK
                                                  Development, where the owner saw
           Avalon Development                     her potential and gave her the opportu-
                                                  nity to learn and grow. She would work
                     Company                      her way through college, gaining the
                                                  skills she would need to be a developer.
     TO MANY PEOPLE who only know                     After RK Development, Camp went
     the public Christine Camp, it may seem       on to a successful career working for
     that she has led a charmed life. In a        Castle & Cooke and Alexander & Bald-
     sense, it has been charmed, but entirely     win. Then in 1999 at the young age of
     because of her personal drive in pursu-      32, Camp started her own firm, Avalon
     ing her goals, and very hard work.           Development Company.
         Camp was 10 when she came to Ha-             “It started as a one-woman office on
     waii from South Korea with her family.       a shoe string budget,” said Camp. To-
     When she arrived, she knew very little       day, Avalon is a multifaceted vertically
     English, except “My name is Hyun Hee         integrated real estate business with a
     Camp” and “I am hungry.” And she             team of 25 professionals. The com-
     knew her ABCs.                               pany has developed retail centers, an
         Life had been hard in Korea, and         industrial park, condominiums, offices
     it was hard in their new home, but           and rental apartments. It also provides
     they managed to make ends meet. The          fee development, facility and property
     children were expected to help out,          management, and brokerage services.
     and Camp started working at age 12.              Camp has a long relationship with
     Making the transition to a new country       Kapolei, beginning with Castle &
     and to public school was challenging,        Cooke’s first single-family project,
     but sympathetic teachers helped her to       Kumu Iki, in the Villages of Kapolei in
     blossom and do well. The straight-A          1990. She eventually made a personal
     student was also strong willed and in an     $6.7 million investment in 2006 to buy
     act of defiance against her disciplinar-     a block in Kapolei’s urban core, where
     ian mother, she left home at age 15 and      she built a school and the regional
     moved into a rundown apartment house         Social Security Administration office
     in Kaimuki.                                  building.
         Most of her neighbors were women,            “From the first day that I arrived in
     some with kids, living in grinding pov-      Kapolei, I believed in the vision that it
     erty. “I saw what it felt like not to have   would one day become a thriving city,”
     hope,” said Camp. “The only bright           said Camp. “I believe that it has already
     light was two college students who were      reached that status, and I feel fortu-
     a couple. They were smart, happy, and        nate that Avalon will be a part of its
     they had hope for the future.”               growth for the foreseeable future.” 

26   KAPOLEI
Live + Work + I N V E S T

                                                        Your Center for Shopping, Dining and Professional Services

It doesn’t get fresher than Safeway • Photo provided by: Kapolei Safeway

Grocery/Drug Store Restaurants                                                                                        Salon Services
Longs Drugs 674-0069                                                       Baskin Robbins 674-0131                    Fantastic Sams 674-6601
Safeway 674-0070                                                           Chili’s Grill & Bar 693-8722               Gialuchi Boutique & Day Spa 674-4424
                                                                           The Cookie Corner 674-0781

Specialty Stores                                                           Kapolei Corner BBQ 674-0588
                                                                           KFC 674-0690                               Banking
AT&T 674-2208                                                              Loco Moco Kapolei 674-0788                 Aloha Pacific FCU ATM
GameStop 674-1158                                                          McDonald’s 674-0767                        American Savings Bank ATM
GNC: Live Well 674-1230                                                    Panda Express 674-1617                     Bank of Hawaii In-Safeway branch 693-0990
Jeans Warehouse 674-0009                                                   Pizza Hut 674-2188                         First Hawaiian Bank branch & ATM 674-0013
Postal Connection 674-0927                                                 Subway 674-6688                            First Hawaiian Bank ATM
RadioShack 674-1187                                                        Sushi Bay 693-9922                         Hawaii State Federal Credit Union 792-4020
See’s Candies 693-9986                                                     Taco Bell 674-0225
Young Laundry & Drycleaning
    836-1661                                                               Professional/Medical                       Automotive/Fueling
                                                                                                                      Goodyear Tire & Rubber Co. 674-2211
Reynolds Recycling                                                         Clinical Laboratories of Hawaii 674-0618   Napa – Kapolei Auto Parts 674-0071
                                                                           Prudential Locations, LLC 690-9550         Tesoro 674-2592

inKapolei.com
Located one block makai of H-1 Freeway, at the
corner of Farrington Highway and Makakilo Drive
Managed by MMI Realty Services • 808-695-4316

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SPECIAL PROMOTIONAL SECTION

     Live + Work + I N V E S T

                                                                                                    • Get ready for the Regal treatment at the
                                                                                                 Regal Cinemas Kapolei Commons Stadium 12.

     Kapolei: Raising
                                                                                                            Illustration only. Subject to change.

     the Retail Bar
     W
                          HEN K APOLEI COM-
                          MONS OPENED IN
                                                  Regal treatment at                        American Samoa, and Washington
                                                                                            D.C., only nine have the king size
                          2009, it generated a    Kapolei Commons                           leather reclining seats, with 10 more
                        flurry of excitement                                                coming. This includes the Kapolei
                        among Kapolei shop-       The Regal Cinemas Kapolei Commons         theater, which will be the first one in
                        pers who turned out       Stadium 12 won’t be the usual Regal       Hawaii with this feature. The Regal
                        in droves for the big     Cinemas most theatergoers expect.         Cinemas Kapolei Commons Stadium
                        name grand openings       It will be what Regal Entertainment       12 will be 52,000 square feet and will
                        – from anchor tenant      Group calls its Regal experience –        anchor Kapolei’s newest entertain-
     Target, to The Sports Authority, Office      from crystal-clear, all digital projec-   ment center.
     Max, and Petco. Since then, other well       tions to custom-built sound systems,         “We are excited Regal Cinemas
     known retailers have followed suit,          3D and – here’s the “regal treatment”     has chosen Kapolei Commons as the
     including Down To Earth, Denny’s, Kua        – king size leather reclining seats       first location in Hawaii to debut the
     Aina, Ruby Tuesday, and most recently,       with multiple adjustable positions,       most cutting edge entertainment
     Pier 1 Imports. Coming in 2015 will          headrests and padded footrests. Not       technology available and plan on
     be TJ Maxx, Gyu-Kaku, and the big-           your typical movie experience, and        complimenting this new theatre with
     gest news – the Center’s latest phase,       the closest thing to being in your own    additional fun and exciting dining and
     an entertainment center that will be         living room in your favorite recliner     entertainment options,” said Dun-
     anchored by Regal Cinemas.                   and watching your big screen TV --        can MacNaughton, chairman of The
        Kapolei Commons also raised the re-       only better.                              MacNaughton Group. MacNaughton
     tail bar in the region, laying the ground-      While Regal has more than 570          said that restaurants, cafes and retail
     work for other retail developments that      theaters in 42 states across the U.S.     stores will be a part of the entertain-
     are on the horizon.                          mainland, as well as in Guam, Saipan,     ment center’s mix.

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SPECIAL PROMOTIONAL SECTION

                                                                                                           Live + Work + I N V E S T

          “We are excited
           Regal Cinemas
       has chosen Kapo-
          lei Commons as
         the first location
      in Hawaii to debut
         the most cutting
     edge entertainment
        technology avail-
         able and plan on
     complimenting this
        new theatre with
      additional fun and
     exciting dining and
            entertainment
                  options.”
                        — DU NC A N
                  M AC N AU G H T ON
                        Chairman,
                  The MacNaughton
                            Group

A yakiniku experience                      I know from our experience with the
                                           Ruby Tuesday there that Kapolei is a
                                                                                          The full service restaurant will oc-
                                                                                       cupy 3,500 square feet, with about 115
at Gyu-Kaku                                terrific location for us.”                  seats. Nakashima said they expect to
                                               Nakashima and his partner have          hire about 80 people.
They call it “Kando Sozo” – or putting     six Ruby Tuesday locations in Hawaii,
a smile on the customer’s face. A Japa-    including the one at Kapolei Commons.
nese yakiniku franchise, Gyu-Kaku,
which has more than 600 restaurants in
                                           “We have three of the top Ruby Tues-
                                           days in the world – the restaurants at      On the Horizon –
Japan, is growing internationally with
more than 50 restaurants scattered
                                           Moanalua, Windward Mall and Kapolei         “The Gathering Place”
                                           Commons,” he said. “I believe we have
across Asia, Southeast Asia, Canada,       strong numbers because we have a            Atalanta Realty Investments promises
and the U.S., including three in Hawaii.   strong team. That will be the key to our    to bring its signature approach to shop-
   One of the Hawaii restaurants is        success at our Kapolei Commons Gyu-         ping center design, architecture and
owned by local entrepreneurs Rick          Kaku restaurant.”                           ambiance to the company’s planned
Nakashima and his partner Ted Dav-             Nakashima also believes the yaki-       55,000-square-foot lifestyle center, The
enport, which makes it their second        niku style of dining will be popular        Gathering Place in Kapolei. The center
investment at Kapolei Commons. “We         with Kapolei residents as well as           will have two two-story buildings and
opened the Windward Mall Gyu-Kaku          tourists at Ko Olina. “It’s a very social   five one-story buildings on 4.46 acres at
about three years ago, and I’m so proud    experience that invites conversation        the intersection of Kapolei Parkway and
of our staff, because in 2013, we were     and is a lot of fun, because diners cook    Fort Barrette Road near Kapolei High
named the Gyu-Kaku Restaurant of           for themselves on their table grills.       School.
the Year among the 25 locations in the     It’s also a healthy way to eat as all the      Founded by Managing Princi-
U.S.” said Nakashima. “I’m very excited    ingredients are fresh.”                     pal Jennifer N. Taylor, Atalanta is a
about opening at Kapolei Commons as

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     Live + Work + I N V E S T

          “Atalanta stands
           out as one of the
      most interesting and
       creative developers
     in the state. The firm
         saw, and is taking
            advantage of, a
       special opportunity                        California-based women- and minority-        tain play area, and of course, we will be
     to bring a whole new                         owned company, which has a long and          highlighting local culture at the center.”
        level of distinction                      successful track record in the Hawaii
                                                  commercial real estate market. Taylor
                                                                                                  Taylor said the center’s design will
                                                                                               combine Kama‘aina architecture with
         to the West Oahu                         said that The Gathering Place, which is
                                                  scheduled to open in Spring 2016, will
                                                                                               global sophistication that, along with its
                                                                                               unusual retail mix and amenities, will
     community lifestyle.”                        be the crown jewel of Atalanta’s grow-       make The Gathering Place a popular
                                                  ing portfolio in the state.                  Kapolei destination.
                   —WENDELL BROOKS III                “It is already attracting a great deal      “The Gathering Place’s marketing
                         Senior Vice President,   of interest from prospective tenants         efforts have generated tremendous
                       Jones LaSalle's Hawaii     who are intrigued by our merchandis-         activity and this project is proving to
                       Retail Brokerage team      ing approach,” said Taylor. “We are          be one of the most inquired about,”
                                                  planning a center that will welcome          said Wendell Brooks III, senior vice
                                                  shoppers with one-of-a-kind shops,           president and leader of Jones Lang
                                                  wares from local artisans, and a mix of      LaSalle’s Hawaii Retail Brokerage team.
                                                  first-to-market retailers and restaura-      “Atalanta stands out as one of the most
                                                  teurs. We also envision a lively environ-    interesting and creative developers in
                                                  ment with amenities and activities that      the state. The firm saw, and is taking
                                                  will invite shoppers to stay awhile. For     advantage of, a special opportunity to
                                                  example, we will have seasonal events,       bring a whole new level of distinction to
                                                  greenbelts and rest areas, a pop up foun-    the West Oahu community lifestyle.” 

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