2021-07-15 Leeward Exh D (Amend SMA 286)

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And for reference, we've got Kamehameha III Road running generally north-south through the slide, and Alii Drive makai of the subject properties running, again, north-south through the slide. Across from Kamehameha III Road is the Keauhou Shopping Center. The applicant is requesting a three-year time extension to condition number 2, time to secure final Plan Approval, of SMA Use Permit number 286, which allows the development of 184 units of multiple-family housing and related improvements on two parcels totaling approximately 24.499 acres of land situated within the Special Management Area. The applicants are currently proposing to develop the project within the next five years, consisting of no more than 184 multiple-family housing units within two- and three-story structures on the subject properties, and these will be done within 8-, 12-, and 21-unit structures. Additional improvements include 414 parking stalls, 10 of which would be handicap stalls, an approximately 1,600-square foot clubhouse, swimming pool, and barbeque or gathering area, landscaping, and other on-site infrastructure to support the project, for example, roadways and utility lines. Should the extension to secure final Plan Approval be granted, condition number 3 of the SMA permit requires the applicant to commence construction within one year of securing final Plan Approval and complete construction within five years thereafter. The applicant stated reasons for the request as: After acquiring the properties in 2014 and amending SMA Permit 286 in 2015, they've worked diligently to develop the project by securing final Plan Approval for a 32-unit multiple-family housing project on parcel 90 and the common area clubhouse recreation facility on parcel 78; however, after bids for the development proved too costly, the applicant spent additional time and money to rethink the technical design of the project, specifically grading and building placement, to reduce costs. Shortly after an administrative time extension to secure final Plan Approval was granted in 2018, the Kilauea eruption suddenly and drastically impacted the housing and development market. Less than two years after the completion of the eruption and just as the financing market was beginning to recover, the COVID-19 pandemic hit resulting in nation and statewide shutdowns, uncertainty in financial markets and drastic increase in the cost of construction. Despite this, the applicant is still committed to completing the project and wishes to retain the existing SMA permit that would enable the application [sic] to complete construction of the project, which would require the requested time extension. The zoning of the subject parcel is pardon me—is Multiple-Family Residential-3 as indicated in the light mustard color. Surrounding zonings include Village Commercial, other Multiple-Family Residential, and Open zoning, which is consistent with the golf course use, and Single-Family Residential zoning in the area. The subject parcel and the surrounding area is designated, subject parcels and the surrounding area, is designated as Urban by the state Land Use Commission, as indicated in the pink color. And the General Plan Land Use Pattern Allocation Guide Map designates the subject parcels as Medium-Density Urban, which would support the multiple-family residential development that's being proposed. 2 EXHIBIT D