Maui Land plans Maui Land & Pineapple Co. Inc. and its subsidiary, Kapalua Land Co. Ltd., plan a further expansion of a luxury Kapalua Resort development in west Maui.
Kapalua expansion
The firm wants to develop
475 additional acresBy Lyn Danninger
ldanninger@starbulletin.com
In an application submitted to the state Department of Land Use and Natural Development asking for authorization to begin filing for changes in land use designations, the company said it now wants to develop 925 acres on the mauka side of Honoapiiliani highway.
Maui Land & Pine already had received approval to develop 450 acres.
The company decided to seek approval for the entire acreage rather than waiting to receive approvals for a second increment at a later date, said Bob McNatt, vice president for land planning and development.
Maui Land & Pine has also scaled back on the housing density, to 690 units, McNatt said.
"The current community plan allows 750 units on 450 acres so this would be a reduction," he said.
Plans for the land, called Kapalua Mauka, include a mix of single and multi-family residential units and expanding its existing 18-hole Village Golf Course to 27 holes, McNatt said. The company also plans to build an additional club house for the expanded golf course. The majority of the land for the development is already owned by Maui Land & Pine, but it wants to acquire 230 acres of adjacent state-owned land, McNatt said.
A small portion of that land is currently used to grow pineapple.
Maui Land & Pine hopes to swap some of its other land, in a location yet to be worked out with the state, if the deal is approved, McNatt said.
Part of the land Maui Land & Pine wants to acquire from the state has already been designated for a future park, which the company said it would develop as a park at no cost to the state.
No final cost for the entire development has been determined. The project will likely take about 15 years to complete, McNatt said. Obtaining the necessary planning approvals, zoning and permits will likely take two to three years, he said.
The final project is likely to be similar to the company's existing Kapalua development, where houses range in price from about $1 million to $10 million, McNatt said. The average price of a typical home in the existing development ranges between about $2.5 million to $3 million, he said.