D.R. Horton to build 300 homes in Lahaina and on the Big Isle
D.R. Horton-Schuler Division announced yesterday it has purchased two parcels on Maui and one on the Big Island on which it plans to build a total of about 300 homes.
The vacant Maui parcels are both in the Lahaina area, one five acres and the other almost seven. The company said that on the smaller parcel, it plans to build about 100 multi-family homes, to be ready for sale in late 2007, while on the larger parcel it plans to build about 114 such homes, to be ready for sale in mid-2007.
On the Big Island, the company bought just under five acres of vacant land in Waikoloa Village, on which it plans to build about 100 multi-family homes, to be ready for sale by 2008.
The company is seeking permits to build on the properties.
D.R. Horton Inc. is the largest homebuilder in the United States, having built more than 45,000 homes in 2004. Its Schuler Division was created in 2002 when it took over the Hawaii-based Schuler Homes, founded in Honolulu by Jim Schuler, who now is regional manager for the company in Seattle.
Since 1973, the company in Hawaii has built more than 8,000 homes throughout the islands.
Mike Jones, Schuler Division president, said yesterday in Honolulu that, "Along with other initiatives, these three new communities are part of our concentrated effort to bolster our presence statewide. We will continue to capitalize on opportunities that support our long-range growth plan."