BUSINESS BRIEFS
Housing project forms available
Advertiser Staff and News Services
Forms are being accepted through Sept. 18 for residents interested in buying or renting a home in Kamakoa at Waikoloa, a new affordable workforce housing project in West Hawai'i.
Initiated by the County of Hawai'i, the 125-unit project is being developed by Waikoloa Workforce Housing LLC, a nonprofit organization established by the Hawaii Island Housing Trust for the planning, financing, development and management of the Kamakoa project.
Isemoto Contracting began work on June 13 at the housing site, which is north of and adjacent to Waikoloa Village in South Kohala. Phase 1A of Kamakoa is expected to include a mix of single-family homes, townhouses and bungalows and a community center. Models of the homes are expected to be ready in early 2009.
About two-thirds of the units will be for sale at prices affordable to people earning up to 140 percent of the Big Island median income. The remainder of the units will be for rent.
The "housing interest" forms will be used to develop a priority list for eligible residents. Forms are available online at www.Kamakoa.com, or at the Waikoloa Workforce Housing office in Hilo, 56 Kamehameha Ave. For more information, call 808-935-7755.
TESORO CEO MAKES $2.2M IN SALE
Bruce Smith, president and chief executive officer of Tesoro Corp., exercised an option to sell 256,900 shares of the company in a transaction that netted a profit of more than $2 million.
Smith paid $7.97 a share for the stock and sold it for $16.51 a share, according to a filing with the Securities and Exchange Commission. The option was due to expire on Oct. 27.
Shares of San Antonio-based Tesoro, which runs Hawai'i's largest oil refinery, have traded as high as $65.98 and as low as $14.63 over the past year.
WORK BEGINS ON $100M CLUBHOUSE
A groundbreaking ceremony and traditional Hawaiian blessing were held yesterday for a $100 million recreational, amenity and dining clubhouse and spa at the Kukui'ula resort on Kaua'i.
Work on the Kukui'ula Plantation House, a clubhouse for golf, dining and recreational activities and the Plantation House Spa, is expected to be completed in late 2010.
There are 1,800 homes planned for the 1,010-acre resort on Kaua'i's south shore to the west of Po'ipu.
Kukui'ula Development Co., Alexander & Baldwin and DMB are the project's developers. Linthicum is the project's general contractor.
One- and two-story Hawaiian plantation-style cottages varying in size from approximately 2,030 to 4,600 square feet begin at $2.05 million. Custom homesite prices begin at $1.45 million.
PEARL KAI EATERY OFFERS PROMOTIONS
Off The Wall, a new eatery in the Pearl Kai Shopping Center in 'Aiea, is offering several promotions in September as part of its opening festivities.
The restaurant, owned by Kyle Matsumoto and Grant Sadami Murata, offers a menu with influences from Okinawan, Japanese, Korean, Italian, and French cuisines.
As part of the opening celebration, Off The Wall will waive its normal $20 corkage fee on Monday for any wine, shochu, sake or awamori purchased at Shiroma's Wine and More in Waimalu Plaza.
Lunch is take-out only and is available from 11 a.m. to 2 p.m. Monday, and Wednesday through Saturday. Dinner is served from 5 p.m. to 9:30 p.m. Wednesday through Monday. The restaurant is closed on Tuesday.
