Synopsis "Aina Le’a – The Villages of Aina Le’a – Hawaii- Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Summary Aina Le’a Merger Sub, Inc., a subsidiary of Aina Le’a, Inc is undertaking the construction of the Villages of Aina Le’a at Big Island, Hawaii, the US.
The project involves the construction of an urban community on 444.7ha of land. It includes the construction of 2,300 residential homes, a golf course, an exclusive lodge, 40,877m2 commercial center with medical facilities, walking trails, parks, medical and commercial centers, parking and related facilities.
The project will be developed in three phases. Phase I is comprised of a 24.8ha development consists of 384 townhomes (“Lulana Gardens”), 48 luxury villas (“Whale’s Point”) and 70 single family lots (“Ho’olei Village”) and additional 70 lots that will be developed separately.
TrueStyle Pacific Builders, LLC appointed as the contractor for Phase I, McCorriston Miller Mukai MacKinnon LLP as Legal Advisor and Schmidt & Curley as an architect for the golf course.
The project was delayed between 2010 and 2014, due to land–acquisition issues.
In April 2015, the State of Hawaii submitted a report that 28,137 new homes are required to be built to meet housing demand, including 3,514 on the Big Island.
As of June 2017, construction on 64 townhomes and infrastructure is underway.
July 2017, Aina Le’a partners with Bridge Capital (Bridge) to deliver 384 affordable homes. However, later Aina Le’a purchases the development site from Bridge.
The project is facing delay due to Aina Le’a’s bankruptcy issues.
Scope The project involves the construction of The Villages of Aina Le’ on 405.1ha of land in Hawaii, the US.
The US$1,500 million project includes the following: 1. Construction of 1,945 luxury residential homes 2. Construction of 384 affordable townhouses 3. Construction of a golf course 4. Construction of walking trails 5. Construction of parks 6. Construction of medical and commercial centers 7. Construction of parking and related facilities
Reasons To Buy • Gain insight into the project. • Monitor the latest project developments. • Identify key project contacts.
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