Ritz-Carlton And Exclusive Resorts To Build Luxe Homes At Kapalua

Last month the Maui Land & Pineapple Company, Inc. (ML&P), which owns 23,000 acres of land on Maui's west shore, ended our suspense as to what will take the place of the Kapalua Bay Hotel, slated to be razed this June.

In an exclusive media conference held in Waikiki, ML&P chairman and CEO David Cole announced the incoming "Residences at Kapalua Bay" and "The Ritz-Carlton Club, Kapalua Bay", which will be a joint venture between Ritz-Carlton, Exclusive Resorts and ML&P. Cole was quick to insure attending journalists that the developments at Kapalua will be constructed with a philosophy of "less is more", in that there will be fewer units separated by more space. One-hundred and twenty miles of hiking, horseback riding and camping trails will wind through the resort--which still maintains a functioning pineapple plantation.

"It will feel almost like a national park or a World Heritage site," Cole said, mentioning the total estimated budget for the projects tops off at $300 million.

He then passed the microphone to Robert Phillips, senior vice president of business development for The Ritz-Carlton Club.

Phillips stated that "The Club" will offer 62 residences, sold in one-twelfth fractional ownership interests. This will allow "owners" to stay in their units for 21 days per year. "Ritz-Carlton is going through a bit of a shift in branding as of late," Phillips said. "We are hoping to bring people back in to living in a style of elegance, like the Waldorf Astoria and the Ritz Boston of old."

The Club will be comprised of 3-bedroom/3.5 bathroom, and 2-bedroom/2.5 bath units that will range in square footage from 1,770 to 2,090.

The Club will begin accepting deposits on units as early as July. Construction is scheduled to begin in August, with a completion date of late 2008.

The Residences at Kapalua Bay will consist of 84 private ownership homes, ranging in size from 3,000 to 4,200 sq. ft. The 3-bedroom/3-bath units will begin at $4 million. Twenty-eight of the homes will be purchased and managed by Exclusive Resorts, to be used by their 1,800 members.

The design contract was handed to Kevin Chung of Honolulu-based architecture firm WCIT.

Cole, the present chairman of the Nature Conservancy of Hawaii (and former national director) will see to it that 90% of the materials from the razed Kapalua Bay Hotel will be "upcycled," or re-used and retained for various purposes. Cole will distribute soft goods from the property to various Maui-based charities.

With the incredible developments currently proposed for West Maui, including Pulelehua, Kapalua Mauka and the upcoming Food & Wine Festival and golf tournaments, you can be sure we will follow up with more Kapalua news in the near future--and perhaps a sit down with David Cole himself.

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