overview - debartolo development

Overview

Ka Makana Ali‘i - The Center for West O‘ahu

Ka Makana Aliì | The Center for West Oàhu | 2

Overview

Breaking ground later this year, Ka Makana Ali‘i – The Center for West O‘ahu – will offer residents and visitors a family-friendly, mixed-use center in the heart of Hawaii’s fastest growing community. The 1.4 million-square-foot regional mall is DeBartolo Development’s first such project in Hawaii and will feature more than 100 exciting shopping, dining and entertainment offerings, a department store, two hotels and LEED-certified office space.

The name pays tribute to Prince Jonah Kūhiō

Kalaniana’ole who conceived of the Hawaiian Homes

Commission Act allotting hundreds of thousands of acres of government land to native Hawaiians. This permanent homeland is a perpetual gift and legacy

that lives on today.

Ka Makana Aliì“The Royal Gift”

Envisioned as the central gathering place for the community, Ka Makana Aliì will complement notable area attractions and meet the shopping and dining demands of West Oahu, where more than 80,000 new homes are projected to be constructed by 2025. Its convenient location offers excellent highway access, ample parking and public transportation for shoppers.

In addition, through an innovative partnership between DeBartolo Development and the Department of Hawaiian Home Lands, Ka Makana Aliì will financially support programs benefiting Native Hawaiian interests statewide for decades to come.

Ka Makana Ali‘i - Macy’s Anchor


Highlights

• Ka Makana Aliì is a 1.4 million-square-foot mixed-use regional center offering shopping, dining, entertainment, hotels, and office.

• The project will be anchored by the first Macy’s in West Oahu.

• Ka Makana Aliì is the only regional mall being developed in West Oahu with department and specialty stores, and the first to be built on the island in over 30 years.

• Contemporary and integrated project design will set Ka Makana Aliì apart from all other regional centers on Oahu.

Exciting Mixed-Use Center

• The 67-acre site is located at the intersection of Kapolei and Kualakaì Parkways.

• Oahu is home to 70% of the State’s population.

• Oahu is the business center for the State of Hawaii.

• Kapolei is quickly becoming a new and exciting market for Oahu and is known as “Oahu’s Second City” relative to Honolulu.

• West Oahu is the center of the State of Hawaii’s growth, which has invested resources for roadways and infrastructure to support residential growth.

• This regional center is centrally located in the growing West Oahu trade area, the fastest growing area in the state.

• The site has excellent regional and local access, sitting at the confluence of the region’s growing residential and commercial base.

Unparalleled Location

H1

Ko Olina ResortsCampbell Industrial Park

H1KALAELOA BLVD

ROOSEVELT AVE

KUALAKA‘I PKWY

KAPOLEI PKWY

State Judiciary Building

KapoleiHigh School

KapoleiMiddle School

Department of HawaiianHome Lands (DHHL)


Ka Makana Ali‘i Site

• Over 80,000 new homes in West Oahu are projected through 2025, continuing the historical annual growth rate of 5.9%.

• Over $344 million has been invested in Kapolei infrastructure improvements over the past 5 years.

• Trade area has experienced 24.9% population growth over the past 12 years.

• $1.55 billion in federal funding is committed to a regional rail system connecting Honolulu and Kapolei.

• The project is 1.5 miles from University of Hawaii’s new West Oahu Campus—approximately, 2,400 students currently, 7,600 students at full enrollment.

• The site is in close proximity to Ko Olina Resort, 5-star J.W. Marriott, Ko Olina Beach Club and Aulani, a Disney-themed family resort & spa. At full build-out Ko Olina Resorts will have approximately 9,200 rooms, making it comparable to the Lahaina, Kaanapali, and Kapalua resort area in Maui.

Kapolei, Oahu

750

76

93

H1

UH West Oahu

KROC Center

Ko Olina Resorts

KUALAKA‘I PKWY

ROOSEVELT AVEFT. BARRETTE RD

QUEEN LILIUOKALANI FWY KAPOLEI PKWY

Area Development

Makaiwa Hills(4,200)

Makakilo Homes & Lots

(287)

Kahiwelo(474)

Hoopili(11,750)

Villages at Kapolei

(513)

Ewa by Gentry(7,223)

East KapoleiPhase II(2,000)

Ocean Pointe at Hoakalei

(4,850)

Hunt Parcels(4,000)

Mehana(1,175)

Kapolei West(2,500)

76

750

KROC Center(4,000 members)

Kalaeloa Airport(John Rodgers Field)Campbell Industrial Park

93

H1

3 MILES

UH West OahuYear 2013: 2,361 enrollment

Protection: 4,000+ enrollment& 1,800 residential units

Ko Olina Resorts

• Ho`opili (D.R. Horton): 11,750 units approved.

• University of Hawaii – West Oahu: 4,041 housing units approved (761 student housing units, 3,280 single- and multi-family units).

• DHHL East Kapolei 1: 403 units approved, 250 built and sold.

• DHHL East Kapolei 2: 2,060 units approved.

• Kroc Center: 15 acre, 120,000 SF community center. 4,500 families are already members.

• Ocean Pointe: 3,500 of 4,850 approved units built and occupied.

• Ernie Els-designed golf course, 950 units of hotel/timeshare approved.

Notable Developments

Ko Olina Resort area encompasses 2,200 of 9,200 approved units built and occupied (5,200 residential and 4,000 resort or hotel units). At full build-out the area will be comparable in number of units to West Maui (Lahaina to Kapalua).

• J. W. Marriott Ihilani Resort & Spa – 387 units

• Disney Aulani – 820 units (300 room expansion planned)

• Marriot Time Share – 778 units

• Ko Olina Time Share – 622 units

• Total – 2,607 units

• 2013 ADR – $363.35 (sample of 1,564 rooms)

• Total units approved – 9,200

Ko Olina Resorts

Trade Area Retail

76

750

93

H1

KapoleiShopping

Center

Lualani VillageShopping Center

3 MILES

KapoleiCommons

Ka Makana Ali`i will provide West Oahu with the first department store (Macy’s) and much-needed shopping and dining offerings. Existing smaller centers in the area, include:

• Kapolei Commons – Target, Sports Authority, Petco, OfficeMax, Ross

• Kapolei Shopping Center – Safeway, Longs Drugs

• Lualani Village Shopping Center – Safeway, Walgreens, PETCO, Ross, City Mill

Existing Centers

The Center of West O‘ahu

Makakilo Homes & Lots

(287)

Kahiwelo(474)

Hoopili(11,750)

Villages at Kapolei

(513)

Ewa by Gentry(7,223)

East KapoleiPhase II(2,000)

Ocean Pointe at Hoakalei

(4,850)

Hunt Parcels(4,000)

Mehana(1,175)

Kapolei West(2,500)

76

750

KROC Center(4,000 members)

- J. W. Marriott Ihilani Resort & Spa – 387 units

KapoleiShopping

Center

Kalaeloa Airport(John Rodgers Field)Campbell Industrial Park

93

H1

Ko Olina ResortsLualani Village

Shopping Center

3 MILES

KapoleiCommons

UH West OahuYear 2013: 2,361 enrollment

Protection: 4,000+ enrollment& 1,800 residential units

Makaiwa Hills(4,200)

- Total – 2,607 units

- Ko Olina Time Share – 622 units

- Marriot Time Share – 778 units

- Disney Aulani – 820 units (300 room expansion planned)

- 2013 ADR – $363.35 (sample of 1,564 rooms)

- Total units approved – 9,200

Estimated Population 12,450 77,888 147,624

2018 Population Projection 13,037 81,544 154,551

5 Yr. Population Growth 0.90% 0.90% 0.90%

Average Household Income $93,081 $93,767 $92,853

Median Household Income $96,496 $89,584 $85,470

Median Age 31.0 32.5 33.3

Total Houeholds 3,265 21,728 39,059

Households w/Children 1,910 11,047 19,486

Average Household Size 3.8 3.5 3.7

Total Housing Units 3,342 22,615 41,181

Ka Makana Ali`i Demographics (2013)

1 Mile 3 Miles 5 Miles


Primary Trade Area

• Population: 289,548

• Estimated Households: 77,801

• Average Household Income: $87,393

• Historical Population Growth 2000-2013: 3.7%

• Average Household Income within 5 miles of the site is in excess of $90,000


Hawaii At A Glance - Demographics

Population

Estimated Households

Average Household Income

Historical Annual Population Growth 2000-2013

State of Hawaii (2013)

1,389,301

456,286

$82,824

1.9%

Population

Estimated Households

Average Household Income

Historical Annual Population Growth 2000-2012

Annual Visitors

Annual Enplanements at Honolulu Airport

Military Personnel (at 10 bases)

Oahu (2013)

935,655

304,681

$84,593

1.6%

7 million

8.235 million

71,000+

INTERSTATE

Ahuimanu

KailuaKaneohe

Waipahu

Pearl CityWaimalu

Mililani

Kapolei

Wahiawa

Ewa Beach

Halawa

Makakilo

Marine CorpsBase Hawaii (MCBH)

Waipio

Waianae

VillagePark

Aiea

PearlHarbor

Waipio Acres

Heeia

EwaGentry

Maunawili

EwaVillages

Laie

Waimanalo Beach

Whitmore Village

Waialua

Hauula

Kahaluu

IroquoisPoint

Haleiwa

Kahuku

Barbers PointHousing

Hawaii Kai

Kaaawa

Kawela Bay

Punaluu

Waikane

HONOLULU

South Kaukonahua

North Kaukonahua

Kaukonahua

Anahulu

Mamala Bay

Maunalua Bay

Kahuku Point

Kaena Point

Barbers Point

Makapuu Point

Mokapu Point

Kualoa Point

OA HU

83

Honolulu

MOLOKAI

OAHU

56

50Lihue

KAUAI

NIHAU

30

360

460

19

11

200

19

Kailua Kona

Hilo

Kaunakakai Kahului

HAWAII

MAUILANAI

KAHOOLAWE

H1

Ka Makana Ali‘i - The Center for West O‘ahu

ICSC-REV0514

DeBartolo Development 841 Bishop Street, Suite 1070, Honolulu, HI 96813

kamakanaalii.com | debartolodevelopment.com

COLLIERS INTERNATIONAL220 S. King St, Suite 1800 | Honolulu, HI 96813

Jon-Eric Greene (B) Tel 808.330.2900 | [email protected]

Julia Matsuura (S) Tel 808.523.8317 | [email protected]

RETAILUNION PARTNERS3012 Fairmount St, Suite 150 | Dallas, TX 75201

Nick Koeijmans (S) Tel 214.960.4333 | [email protected]

Brett Robinson (S)Tel 214.960.4606 | [email protected]

Leasing Contacts

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