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Monday, June 17, 2013

StarAdvertiser-article

June 16, 2013

Target eyes Maui site for fifth isle store

The retailer could be a key tenant of the Puunene Shopping Center in two years

by Andrew Gomes

Target Corp. has committed to opening its fifth store in Hawaii and its first on Maui as the anchor of a planned shopping center in Central Maui near a collection of other big-box stores including Walmart and Kmart.

A 135,500-square-foot Target could open in 2014 if the project called Puunene Shopping Center is realized.

The shopping center is planned by Property Development Centers, the real estate development arm of Safeway.

Property Development Centers is working on a deal to buy 24 acres of land for the project from major Maui landowner Alexander & Baldwin Inc.  A&B, as a policy, generally does no comment on or confirm land sales until they are under binding contracts or completed.

The developer, however, is actively seeking tenants to lease the balance of the center, which is designed with 273,480 square feet divided for roughly 20 retailers and restaurants.

Commercial real estate brokerage firm CBRE was soliciting interest in the center Thursday at the annual Hawaii conference of the International Council of Shopping Centers.

According to a site plan, it doesn't appear that Safeway intends to build a store at the project.  The supermarket chain already has stores nearby in Kahului and Kihei.  There also is a Safeway in Lahaina, and the company is building a store in Wailuku scheduled to open next year.

Grant Howe, a commercial real estate broker on Maui not involved in the Puunene Shopping Center project, said the plan appears to be a solid one that will give Target a long-sought presence on the Valley Isle in the growing Central Maui area.

"It's a good location with synergy to the major big-box retailers on Maui," he said.  "Target will be a good addition to our market."

The project site is adjacent to Home Depot and Walmart, and is not far from Kmart, Costco, Sports Authority and Lowes's.  A&B is asking $64 million for the land.

Safeway and Property Development Centers, which is formed in 2008, is an experienced retail developer in Hawaii.  Most, but not all, shopping centers developed by the company nationwide feature a Safeway store.

Safeway's first project in the state was Piilani Village Shopping Center in Kihei, Maui, in the late 1990s.

That was followed in 2007 with the Safeway-anchored Avenue Shops in Kapahulu on Oahu.

Safeway teamed up with Target to develop adjacent stores in Hilo that opened last year.  Safeway also developed a retail complex and store in Makiki least year that replaced the company's first Hawaii store built more than 40 years ago.

Property Development Centers has at least three projects pending in addition to the Puunene project: one in Ewa Beach that is under construction; and one on Kauai nearing construction; and one in Kapolei, where the company has a contract to buy 11 acres near a Target store.

HawaiiNewsNow-article

June 16, 2013

Kailua residents of burglarized home go online to fight a rise in crime
By Ben Gutierrez

KAILUA, OAHU (HawaiiNewsNow) -
Sometime on Saturday afternoon, burglars broke into a home in the Olomana subdivision of Kailua. The homeowners said the break-in is not an isolated case. And it also spurred them to take action that they hope will spread.
The home is similar to others along Uluhao Street, where nearly al the houses have unfenced front yards and open carports. The homeowners had left at about 2 p.m. Saturday.
"My next-door neighbor probably came home about three o'clock, and he was out there in the yard for a while and he said he hadn't noticed anything by the time he came home. And when we came home at six, it had happened," said Cory Mehau.
"It didn't even dawn on me until I walked into the house, and the first thing I look at was at the top of my television that sits up high, and our Wii was gone," said Mehau's wife, Jennifer. "And it was only then that I realized that we had been broken into."
The break-in came after the Mehaus had had conversations with their business clients about how petty crime is on the rise -- not just in Olomana, but all over Kailua town.
"Everyone's saying, yeah, we gotta do something in Kailua because it's not the place that five and ten years ago that we all wanted to bring our kids back to," said resident Kulia Petzholdt.
"If you spoke to five people in Kailua, four of them would have a story to tell, like they told me today, about some type of home invasion, their business getting broken into, their car getting broken into," said Jennifer Mehau.
Cory Mehau said the increase in crime has come while Kailua has been in the news for other reasons, including the possible sale of Kaneohe Ranch land in Kailua town and the building of a new Target store. "Vacation rentals. Kayaking on the beaches. All these kinds of things are big issues, but behind the scenes, it's all the break-ins, the home invasions."
The break-in at her own home pushed Jennifer Mehau to launch a new Facebook page, Hono Kailua, or Repair Kailua. She said it's about the safety of her town, an online place where residents can exchange ideas and keep an eye out for each other.
"We'd like to look at it more as encouraging safety by signing up on our page, by getting to know your neighbor," she said.
Cory Mehau also had a message for the burglars who broke into their home. "You've seen fit to make the decision to offend my family. And that's wrong."