Kauai, Hawaii (PRWEB) October 07, 2011
Opening late 2010, Koloa Landing at Poipu Beach is celebrating its continued success as the project surpassed current real estate market expectations with 18 residences closed in the past 11 months. These closings represent approximately $26 million in volume with at least another five closings scheduled to be completed before the end of the year, bringing the projected closing volume to an estimated $32 million. The announcement was made by Todd Hadley, Owner’s Representative for Koloa Landing at Poipu Beach.
“We have seen an increase in momentum over the last six months and recently a two-bedroom villa for $1.1 million was put under contract, indicating the pricing strategy and offerings are on target for resort living in Poipu,” Hadley said. “In addition, the Real Estate Team is confident that its patience and commitment to the project will ensure long term success of Koloa Landing.”
The developer, Poipu Beach Villas, LLC, completed Phase One last year with five residential buildings, consisting of 85 fully-furnished luxury condominiums, a grand lobby area and two lagoon-style pools. Bill Child, the property’s main investor, explained, “Because of the financial strength of our development group and the principal investors, our project is nearly debt free. This puts Koloa Landing in a great position as we move forward.”
Since the official opening of Koloa Landing Wyndham Grand, the resort has exceeded its occupancy projections by approximately 20% during late summer and early fall and is anticipating very strong occupancy numbers in the fourth quarter, as well as early 2012.
Layton Construction, the General Contractor, has started work on Phase Two of the project with new construction of Building One East. Phase Two will ultimately include the main pool and surrounding amenities along with four residential buildings totaling an additional 62 residences. The main pool area will incorporate 10,000 sq. feet of swimmable area, waterfalls, a grotto, water slide, sand bottom keiki (children’s) lagoon and multiple hot tubs.
Koloa Landing at Poipu Beach is an exclusive ocean-side resort community located in one of the most coveted locations in the Hawaiian Islands. Nestled next to legendary Poipu Beach and the new Kukui’ula Shopping Village, its setting ideally positions one to share in the abundance of natural and cultural treasures of Kauai. Koloa Landing offers ownership through Oceanfront Realty and resort rentals through the Wyndham Grand Collection operated by Azul Hawaii Resorts.
For additional information on ownership opportunities, contact a Koloa Landing Property Specialist at 866-921-4242 or email info(at)KoloaLanding(dot)com. For reservations through the Koloa Landing at Poipu Beach Wyndham Grand Resort, call 888-317-0205 or email info(at)KoloaLandingResort(dot)com.