Hawaii Real Estate Development

 Hawaii Real Estate Development  Comments Off on
Hawaii Real Estate Development
Jul 192011

James C. Peterson
65-1158 Mamalahoa Hwy., #246, Kamuela, HI 96743
Phone: 808-333-5218; e-mail: jim@hawaiirealestatedevelopment.com


I have been directly involved in all phases of the development industry including: land planning, entitlements, design, construction, FF&E design & procurement, specification, product marketing, sales, leasing and operations.

*40+ years’ experience in the Hawaii development industry.
*Coordinated entitlement, subdivision and the building permit process.
*Developed, negotiated and administered design, construction and FF&E contracts.
*Developed and administered sales & marketing campaigns for residential, condominiums and commercial properties.
*Strong organizational skills.
*Strong oral and written communication skills.

1978 to 2015 – President of my own development management consulting firm. Clients have included:

*Aston Hotels & Resorts, the Managing Agent for various hotels and resort condominium hotels in Hawaii. Responsible for administering renovations and furnishings at the Kaanapali Shores Condominium Hotel, Honolulu Prince Hotel and Waikiki Beachside Hotel.

*Hemmeter Maui Development Company – Retained to administer construction and coordinate the FF&E installation for Hyatt Regency Maui Hotel.

*The Maryl Group – Retained to assist, on the Island of Kauai, with acquisition, entitlement, contract management, development and implementation of marketing plans, lender and financial partner interface for single family subdivision and multi-family condominium.

*One Kalakaua Senior Living Condominium – Retained to assist in tenant relocation, design, selection of the general contractor, selection of an operator and the processing of permits and approvals.

*Princeville Hotel Associates – Retained to complete designs and administer construction and fitting up of this fast track hotel project when the responsible executive died at the start of construction. Completed project on budget and ahead of schedule.

*Waikiki Beach Tower Venture, the partnership which developed the 140 luxury unit condominium-hotel “Waikiki Beach Tower” – Retained to develop a marketing plan and supervise the sales and marketing due to lagging apartment sales. Reverted to resort operation with leaseback program resulting in sell out and very strong results.

*Waikiki International Plaza (dba Kuhio Mall) – Retained to supervise leasing efforts, administer tenant improvements and manage the 80,000 square foot resort shopping complex.

*Co-owner Hawaii Rainforest Botanicals – 2000 to 2005 – Provide private label aromatherapy projects and to the hotel, spa and resort industry.

1974 to 1978: Vice President of Hemmeter Center Corp. – Responsible for construction administration, FF&E design and installation coordination for the Hyatt Regency Waikiki. In addition to design and construction responsibilities on this project, was responsible for the leasing and the development of the commercial spaces for the entire project.

1971 to 1973: Director of Programming and Control for Wailea Land Corp. – Responsible for developing design and construction contracts, administrative procedures, and project controls for the development and management of the 1500 acre Wailea resort complex on Maui owned in part by Alexander & Baldwin.

1967 to 1971: Alexander & Baldwin – Worked in various capacities throughout the company’s operations.

Bachelor of Science 1962, San Diego State College, San Diego, CA

Captain USMC

Past President Outrigger Canoe Cub, Board member 8 years
Past President and member of various condominium boards.
Aloha United Way volunteer


Creating a Senior Living Community

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Apr 172015

Who’s a senior? Once upon a time a 55 year old was considered a senior. Though I’m in my 70’s, I don’t consider myself a senior. Don’t get me wrong I realize that there are a lot of people out there who are 55 and consider themselves seniors. However, I believe there are more and more people like me who are in their 70’s and beyond who still have a lot of energy, vitality, experience and enthusiasm to share. And, of course, it is the goal of the Baby Boomers to live longer while living healthy and active lives.

In my case, I know Hawaii real estate, in particular Hawaii resort real estate. While you can look at my website and see what I have been doing for the past 40+ years, that’s not what I want to share with you. What I want to do is share my thoughts on how to create a successful, vibrant senior living community in Hawaii.

The upscale Hawaii resort, retirement and pre-retirement market is red hot right now. Most of the current action is concentrating on Oahu where the majority of the population of Hawaii resides. You will find some pockets on the neighbor islands that were developed for the very discriminating international buyer, however, for the most part international investors look to Oahu before they explore the neighbor islands. Having said that, there is a significant core of real estate investors who fall in love with one of the neighbor islands and dream of retirement on their island paradise.

That’s the good news. The bad news is that the possibility of aging in place on one of the neighbor islands has not been practical until now. In my opinion, the model for the future of senior retirement living will be developed on one of Hawaii’s neighbor islands-specifically in Kamuela on the Big Island.

When advertisers feature Hawaii to their market, they present blue skies, waving palms and people relaxing next to beautiful blue water. Reality is that when discerning world traveler and developer Lawrence Rockefeller created Hawaii’s first luxury resort the Mauna Kea Beach Hotel for tourist he also created the Jacaranda Inn in Kamuela where he lived.

Kamuela has a distinct advantage. The people who make up the community are some of Hawaii’s finest, the Kahilu theater developed by Richard Smart is a first class community theater and the 2 large shopping centers with full service super markets are within walking distance of the 35 bed Queen’s Medical Centers North Hawaii Community Hospital which includes adjacent land that would be ideal for a modified CCRC community.

Based on research and experience, I believe that senior living developments that cater to affluent active seniors of every age will be developed along the lines of the evolving Continuous Care Retirement Communities’ (CCRCs) concept which encourages senior living community members to remain active in business, socially and as part of the larger surrounding community. In order to remain relevant, the culture of a continuous active lifestyle coupled with the security of lifelong independent assisted care must be maintained. The condominium hotel concept has evolved to work well for financing condominium hotels. This concept coupled with a long term management agreement could well be the catalyst for a surge in a new kind of CCRC.

Want to learn more about why you should consider Kamuela for your senior living community? Contact me.
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Kilauea Volcano

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Mar 302015

This six-minute video, “Kilauea – The Fire Within” from the Big Island of Hawaii, by San Diego-based filmmaker Lance Page, features timelapse footage that will inspire. Born and raised in Hawaii, Page ventured to the Big Island to experience and share Kilauea’s magnificence. See why the Big Island is regarded as such a spiritual place.

 Posted by at 2:21 pm