We are fortunate to live on the Kona Coast on the Big Island of Hawaii for many reasons, but one of the benefits of this area is that we are still growing. There is plentiful open space ripe for conscientious development. I found the article in our local newspaper today, West Hawaii Today, very informative. See the full article here.
The Kaloko Makai planned development of 1,139 acres off Hina Lani Street would consist of around 5,000 new homes, shops, light industrial, a transit center, new schools, and perhaps the best part, a new hospital. The concept appears to fit in perfectly with the Kona Community Development Plan (CDP). It’s a plan where one can live, work, and play within the confines of the community.
Kaloko Makai project site map
Of particular interest to me, as a member of E Mau Na Ala Hele, is that the developers are also planning to restore the mauka-makai Kohanaiki walking trail that runs the length of the property. A previous article regarding Keeping Public Places Public might also interest you.
Land use conceptual map
It’s exciting to belong to a community that looks to the future with anticipation of continuing to make our town a better place with enthusiasm. Sure, there are those that try to stifle change, and it could take many years of environmental impact studies and negotiations with the county before it comes to be, but the future is bright in Kona. The promise that developers see the potential here and are willing to invest in our future is key, not to mention, all the jobs that this development will create!
So, is this a good time to buy real estate in Kona? You bet! Interest rates are at historic lows (lowest in 60 years) and prices should begin to rise again as new development happens. I don’t have a crystal ball that tells me exactly what the future will bring, but I’d sure rather have my money in real estate today than in the volatile stock market. How about you?