Maui resort eyes
$150M rebuild
The owners of the 120-room Aston Maui Lu Resort in Kihei are seeking county permission to redevelop the property as a 400-unit timeshare resort.
San Diego-based Genesee Capital plans to demolish some existing structures at the low-rise resort and build several new ones ranging from one to four stories, according to a draft environmental assessment submitted by the county. Gregory Schneider, president of Genessee Capital, said the redevelopment would cost about $150 million.
The project would also add recreational facilities including a shoreline beach club. Demolition and construction work are expected to begin in February 2005.
The environmental assessment said the project may include enhancements to the shoreline area such as beach nourishment and improved public beach access, as well as new signals and sidewalks to mitigate potential traffic impacts along South Kihei Road.