Pacific Business News -- The MacNaughton Group, Kobayashi Group and the Queen Liliuokalani Trust plan a 65-acre regional shopping center on the north side of Kona Industrial Park.
The MacNaughton Group, the Kobayashi Group and the Queen Liliuokalani Trust plan a 65-acre regional shopping center on the north side of Kona Industrial Park, they announced Thursday.
The two developer groups have formed MK Kona Commons to lease the land from the trust, which will use the proceeds for orphaned and destitute children of Hawaiian ancestry. "Kona Commons is envisioned as a gathering place for the community in an inviting, open-air setting," said Eric Tema, director of real estate development for the MacNaughton Group.
Tema said the initial 130,000-square-foot phase will accommodate large retailers that have committed to the project, with construction starting early next year for completion the following year.
Subsequent phases, through 2012, will develop specialty shops in a pedestrian-friendly "Main Street" style that lets shop owners express themselves through individualized village-style storefronts.
"We have interviewed and met with numerous Kona residents who expressed a strong desire to have the best stores available in Kona, so they don't have to fly to Honolulu to shop," said LeeAnn Crabbe, vice president, Queen Liliuokalani Trust.
The MacNaughton Group developed Waikele Center, Maui Marketplace, Kukui Marketplace and Stadium Marketplace.
The Kobayashi Group developed Kukio Beach Golf Club, Bishop Museum Science Center and other projects on various islands.
They teamed together to develop Hokua, one of the newer luxury condo towers going on in the Kakaako-Waikiki area of Honolulu.