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BMENREZ.doc- 7/8/10 COUNTY OF HAWAII PLANNING DEPARTMENT BACKGROUND REPORT MEN REAL ESTATE INVESTMENT, INC CHANGE OF ZONE APPLICATION (REZ 10 -124) MEN REAL ESTATE INVESTMENT, INC. has submitted an application for a Change of Zone from Single - Family Residential 15,000 square feet (RS -15) to Neighborhood Commercial 20,000 square feet (CN -20) for approximately 3.67 acres of land. The property is located on adjacent to and south of the Kona Community Hospital, mauka of the Hawai`i Belt Highway, in the vicinity of Halekii Street, Halekii, South Kona, Hawaii, TMK: 8 -1 -25: 11. PROPOSED DEVELOPMENT 1. Request/Project Description: Change of Zone from RS -15 to CN -20 to construct a medical office complex. Proposed improvements include five (5) three -story structures, each approximately 12,000 square feet in size and not exceeding 30 feet in height. The ground floor will be designated for parking. The project will be developed in two (2) phases, with the initial phase consisting of two (2) buildings. Upon build out, there will be approximately 60,000 square feet of office space in five (5) structures. (Planning Department Exhibit 1 Change of Zone application) 2. Reasons for the Request: The proposed facility is intended to provide office space for the doctors who provide services to the Kona Community Hospital. The applicant states that this project will greatly reduce commuting time for both patients and doctors who must frequently travel between their offices and the hospital. 3. Timetable /Cost: The initial phase is scheduled for completion within two years of the approval of the request, with the second phase to be completed two years thereafter, subject to water availability. The total cost of the project is estimated at approximately $13 million. 4. Landowner: MEN Real Estate Investment, Inc. OTHER INFORMATION 5. Proposed CN zoning: -1- ATTACHMENT: COMM. 943 BILL 300