July 27, 2004
San Diego, CA — Brookfield Homes has purchased a 10.1 acres multi-family site in the renowned master planned community of Princeville, on the island of Kauai, State of Hawaii.
The parcel, entitled for 99 motorcourt triplex units, is in the heart of the master plan across the street from the famed Princeville Golf Course. Brookfield intends on breaking ground in late September 2004. The project, ranging in size from 1,500 - 1,850 square feet is anticipated to open for presales in early 2005 with prices starting in the high $500,000's.
The Seller of the property, Fowler Partners, LLC processed the entitlements in conjunction with Triad Ventures, LLC.
Fowler Partners, LLC is a real estate investment and development company based out of Larkspur, California.
Triad Ventures, LLC headed by Robert Berry specializes in residential entitlement and development throughout the Western United States and Hawaii.
Graham G. Weiss assisted the Seller in the disposition of this property. For additional information on this transaction or other multi-family opportunities please contact Graham G. Weiss at (858) 622-7171 or via email graham@dirtdeals.com.
GW Realty Co. specializes in real estate brokerage and valuation consulting with an emphasis in residential land throughout Southern California, and has over $1.5 billion in transactions since 1993. A non-traditional real estate firm, GW Realty Co. concentrates their efforts on key relationships with a select group of clients and properties. Due to the decreasing supply of available development properties, GW Realty Co. is continually searching for and finding development opportunities 'flying below the radar'.