by Liviu Oltean, Associate Editor
DeBartolo Development LLC has recently submitted an environmental impact statement draft (EISD) for the Ka Makana Ali’I (KMA) center to the Department of Hawaiian Home Lands (DHHL). The center will be developed on a 67-acre property in East Kapolei, leased from DHHL. The KMA is expected to break ground in July 2012, the completion of the first phase being scheduled for 2014.
The project will be developed in two phases, and will generate about 21,000 construction jobs and about 7,000 jobs from the businesses that will relocate into the center. The first phase will be developed on approximately 20 acres, and it will encompass 200,681 square feet of building area across seven different building structures. The second phase, scheduled to begin in 2015, will consist of 47.5 acres with a total of 1,145,221 square feet of building area across 15 buildings, and will be completed in about 31 months. The developers are planning to create a total of 4,415 parking spaces.
According to the draft, the KMA will have an 891,911 square-foot retail area, 41,000 square-foot theatre lease area, 198,915 square-foot hotel lease area and 217,476 square-foot office lease area. Ka Makana Ali’I is a 1.5 million square feet mixed-use center. The project is close to the University of Hawaii’s new West Oahu campus, J.W. Marriott’s Ko Olina Resort, Ko Olina Beach Club and Walt Disney’s family resort. Upon completion, the center will be the third largest shopping center in Hawaii.
DeBartolo Development is the largest public real estate company in North America with a total market capitalization of $7.5 billion. Its portfolio includes over 111 regional shopping centers, 66 community centers and six specialty retail centers in 32 states.