Earlier this year, Hawaii developer Ed Bushor’s Tower Kauai Lagoons LLC, which involves Los Angeles’ Oaktree Capital Management LP, purchased the 450-acre property in Lihue for $60 million from timeshare giant Marriott Vacations Worldwide Corp.
Colorado-based Timbers Resorts is planning a $750 million to $800 million development of the unfinished Kauai Lagoons master-planned oceanfront community that will include 468 units in a mix of oceanfront and golf course homes, condominium units, hotel and townhomes.
“We have been in the design and planning phase, and we plan to start construction in early December on phase one, the Timbers Kauai Ocean Club & Residences,” said a representative from Timbers Resorts. “We’re taking the framework we inherited but putting our own stamp on it.”
The 47 residences will range from two to four bedrooms and will include townhomes and condos ranging from 1,600 square feet to 3,600 square feet with 1,100-square-foot lanais. 48 residences will have golf course and ocean views.
The existing golf course will be renamed to the 'Ocean Course' (formerly Kiele) and is planned to kick off in 2016.