February 2008

IN THIS ISSUE

- Aloha from Poipu Beach
- Project Update
- Wahi Noho - Our Island Community
- Our Koloa Landing Web Camera
- In the News
- Contact Us Today

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YOUR CUSTOMER CARE MANAGER
Jennifer Cole-Conner
1.866.921.4242
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WAHI NOHO

Vertical construction has commenced at the new retail center, Kukui'ula Village just a short walk from Koloa Landing. It is anticipated to become one of Kauai's new must-see destinations with authentic island architecture offering retail shops unique to all of Hawai'i. With more than 87,400 square feet devoted to boutiques, cafes and exotic restaurants, a local country store and weekly fresh farmer's market, there will be plenty of reason to return for regular shopping therapy!



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Welcome to the Koloa Landing Quarterly Update. The purpose of this update is to keep our customers informed of our construction progress, community development and area activities. We encourage you to contact us directly with specific questions that you may have.  

As some of you are aware, initial construction of Koloa Landing's 25-acre site commenced with traditional ground-clearing and site preparation in May 2007, marking the beginning of this landmark oceanside resort community.  As of March 24, 2008, construction continues to be on-schedule yielding building pads that identify the footprints of each residential building, the west underground parking structure's concrete walls are 95% complete and excavation work on the adult pool and lagoon pool now amplifies the vision of Koloa Landing.

The next phase of construction includes the installation of utilities, followed by the much-anticipated vertical construction of these beautifully-appointed resort homes.  Where imagination and renderings once interpreted the vision for the Koloa Landing master plan, it will soon become a reality with the formation and structure of the resort homes, pools, cascading waterfalls, lanais and tiki torch-lit pathways.

After many months of closure due to infrastructure improvements Poipu Road re-opened to through traffic. In anticipation of a similar improvements being made along Kapili Road, we’ve moved our preview center entrance to Poipu Road.


POIPU BEACH VILLAS LLC.

PROJECT UPDATE

Sales activity has continued at a good pace for Koloa Landing since the initial release in October, averaging approximately one sales contract per week.  We recently welcomed new owners from Colorado, Northern and Southern California, and Vancouver, BC.  Some of our recent purchasers expressed that after doing their homework, they've confirmed Koloa Landing is the best value in the market place for them and are excited about the future of this property.

On February 20th the developer implemented a 3 percent price increase on the remaining phase I inventory.  Prices start at $934,000 for a two bedroom plan and $1,629,000 for a three bedroom plan.  There is an ocean view penthouse (4 bedroom) available at $3,296,000.

For a limited time, the developer continues to offer one year of paid homeowner association dues to buyers in phase one.

For the latest availability and pricing please contact the Koloa Landing Team at 1-866-921-4242 or info@koloalanding.com

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