April 11, 1013
Target coming to Kahului
The Maui News
National retailer Target will be opening up shop in the soon-to-be built Puunene Shopping Center.
Property Development Centers, a wholly owned real estate subsidiary of Safeway Inc., announced that it has reached an agreement with Alexander & Baldwin to purchase a 24.45 acre site at the corner of Puunene Avenue and Hookele Street, near Zippy's Restaurant.
PDC said that it will in turn sell about 12 acres to Target, which will serve as the center's anchor retailer.
Terms were not released.
The shopping center with the new Target is expected to be completed by March 2015, according Russell Pang, spokesman for PDC.
Target has stores in Hilo and Kailua Kona on the Big Island and Honolulu and Kapolei on Oahu, according to its website.
For the shopping center, PDC is looking at leases with a mix of national and local companies, including mid-box retailers, specialty shops, restaurants, service providers and other businesses, the news release said.
Pang said that Safeway will not be opening up a supermarket in the shopping center.
The shopping center is just off the main artery from the airport to South and West Maui resorts but also within close proximity to the Kahului residential areas. Pang said that the new shopping center will likely serve both the tourist and residential markets.
When completed, the shopping center will add about 275,000 square feet of retail space to the Kahului area. There also will be about 1,425 parking stalls.
The project is expected to generate an estimated 250 construction jobs and to bring in as many as 300 jobs to the shopping center when completed.
"This new retail center in the heart of Kahului's retail district is part of our ongoing commitment to provide new lifestyle shopping options for the Hawaii community," said David Zylstra, chief operating officer of PDC.
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