Pacific Business News - The Krausz Cos. plans to build a 250,000-square-foot multiuse community adjacent to the Safeway-anchored Pi'ilani Village Shopping Center in Kihei, which the California company acquired nearly a decade ago.
The proposed "Downtown Kihei" project would be built on 27 acres along Pi'ikea Avenue, mauka of the Long's Drugs Kihei Center and the Azeka Shopping Center, and adjacent to the Pi'ilani Village Shopping Center, which San Francisco-based Krausz purchased from an affiliate of Safeway Inc. in 2003 for $27 million, according to a draft environmental assessment filed with the state Office of Environmental Quality Control.
The Krausz Cos. purchased the four parcels that make up the 27 acres for a total of about $10 million, according to tax records.
This rendering from a draft environmental assessment filed with the state of Hawai‘i depicts The Krausz Cos. plans for the 250,000 square-foot “Downtown Kihei” project.
Courtesy The Krausz Cos.
The new project will have a village square and more than 200,000 square feet of office, medical office, retail and restaurant space in a dozen buildings, a 44,180-square-foot movie theater, a four-story, 150-room hotel and more than 1,000 parking stalls.
About 3.5 acres of the land The Krausz Cos. owns at the site will remain an enhanced wetland, according to the draft document.
The Krausz Cos. is seeking land-use entitlements to move the project forward, including an amendment to the Kihei-Makena Community Plan, an amendment to the Planning Standards to allow for the 60-foot height of the movie theater building, and a Special Management Area Use Permit.
The company already has started leasing the space, according to a listing on LoopNet.