Kaua`i Resort Community Reports Brisk Sales And Announces Second Offering of Club Villa Single Family Homes – Robb Report
KAUA’I, Hawaii, January 21, 2015 – Kukui’ula, Kaua`i’s leading luxury resort community, announced a total of $84 million in closed contracts and under-contract activity for 2014, with 23 new properties sold during the year. The past year has also seen several nationally acclaimed architects and builders announce projects at Kukui’ula, continuing to bring a diverse new collection of designs and inventory to the community. Seventeen luxury homes are currently under construction, adding to the 40 completed homes in the project, with additional construction starts planned for 2015, including the second offering of the Club Villas.
“We continue to see strong buyer demand at Kukui’ula,” says Kukui’ula President Richard Albrecht. “The Club Villa product has had a tremendous response, with six residences selling before construction started. Our down-to-earth island community is attracting individuals and families looking to enjoy the very best of Kaua`i. Kukui’ula is known for the extraordinary friendliness of the staff and their Kaua`i style of caring for the residents.”
In partnership with East West Partners, Kukui’ula is announcing the release of three of the remaining seven Club Villas, part of an enclave of 13 spectacular ocean-view homes positioned along the 9th and 18th holes of Kukui’ula’s Tom Weiskopf-designed golf course, just steps away from the Club at Kukui’ula and its award-winning Plantation House, Spa and Makai Pools. Featuring views of nearby Kukui’ula Bay in a seamless indoor-outdoor setting, the first six single family Villas sold out in record time after the 2014 announcement and are currently under construction, with expected home completion starting in May.
Planned and designed by Hart Howerton, Duane Piper Architects and Hawaii based Laber Architects, the three- and four-bedroom Club Villas overlook the 9th fairway and a lake, with views to the ocean and sunset. The homes feature private lanais, coffered ceilings, gourmet kitchens, plunge pools, outdoor garden showers and optional furnishing packages by Slifer Designs.
In addition to Club Villas, Kukui’ula offers an expansive selection of custom homesites starting in the $800,000’s and a new neighborhood, Kainani, which will offer ocean view homes, condos and homesites. Adjacent to The Plantation House is the Spa at Kukui’ula, an elaborate 20,000 square-foot sanctuary featuring abundant opportunities for fitness, relaxation and rejuvenation. The Farm at Kukui’ula offers a wide variety of fresh produce that is featured in the club’s menu, and also for owners to pick for themselves. The Golf Course at Kukui‘ula, a private 18-hole award-winning course designed by Tom Weiskopf, offers expansive ocean views along the dramatic ocean bluffs on south shore of Kaua`i, as well as the surrounding mountains, coffee fields and orchards. Humpback whales are easily seen from the course during the winter season.
Kukui‘ula is developed by Kukui’ula Development Company (Hawaii), LLC, an affiliate of DMB Associates, Inc. (“DMB”), a Scottsdale, Arizona-based diversified real estate development and investment firm (www.dmbinc.com), and A&B Properties, Inc., a subsidiary of Alexander & Baldwin, Inc., one of Hawai’i’s largest private landowners (www.abprop.com). DMB has been a highly acclaimed leader in creating successful legacy communities in the western U.S. for more than 20 years. Alexander & Baldwin, a landmark name in the Hawaiian Islands for over 140 years, is involved in real estate and agriculture. For more information on Kukui’ula, visit kukuiula.com or call 1-808-742-0234.
About East West Partners
East West Partners is one of the country’s leading resort and urban developers with over 25 years of experience as an operator, marketer, manager and seller of resort and mixed-use real estate. They lead the development of numerous resort projects and master- planned communities in Denver, the Vail Valley, Beaver Creek, Breckenridge, Northstar at Tahoe, Deer Valley, Hawai’i and in Charleston, SC. Since inception in 1986, East West Partners has developed thousands of acres of land and 5,000 residential units of varying types, financing projects directly with more than a dozen banks from across the real estate spectrum and have worked with a highly diverse group equity providers: family funds, REITS, private investment funds, and public municipalities. For more information on East West Partners, visit www.eastwestpartners.com.