PD Background Report Waikoloa Village Center (PL-REZ-2023-052)

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Waikoloa Light Industrial Center Change of Zoning Background & County Environmental Report b. Statement of objectives and reasons for the request: Waikoloa Village and the surrounding area are lacking light industrial areas. The closest light industrial areas are the Kaloko Light Industrial Park and the Honokohau Industrial Park in Kailua-Kona and about 28 miles from Waik6loa Village. The Project objectives are to: 1) provide a range of needed light industrial commercial mixed uses in the Waikoloa Village area without exposing the community to unsafe and unhealthy conditions; and 2) minimize traffic and commuting on Queen Ka'ahumanau Highway and Mamalahoa Highway to light industrial areas in Kailua-Kona on Queen Ka'ahumanau Highway and Mamalahoa Highway. The need for the light industrial commercial mixed space is the well-known demand in the community for such spaces along with the alignment of the General Plan, State Land Use Urban District, and South Kohala Community Development Plan (CDP), all of which allow or designate such uses on the property. C. Number of acres/square feet: • Total Area: 29.610 acres/1,289,812 sf • Area to be rezoned to the MCX zoning district: 26.052 acres/1,134,825 sf • Area to remain in Open zoning district: 3.558 acres/ 154,987 sf d. Proposed units/lots/floor area of proposed building envelope: • Lots: Ilot. • Floor Area: Self -storage approximately 174,664 sf; MCX buildings approximately 64,944 sf. • Units: Self -storage unit count too early to be determined; MCX buildings have approximately 22 units e. Development timeframe and cost: • Development timeframe: 3 years from approval of change of zoning • Cost: $30M (239,608 gross sf x $125/sf) f. Membership size/number of employees and clientele: There will be no membership required. The number of employees has not been determined and will be dependent on the businesses that choose to lease space in the Project. The clientele is expected to be contractors, other types of businesses needing industrial or commercial space, and their customers. g. Parking arrangement: Parking for the project will comply with all zoning requirements. For MCX uses there will be 1 space per 300 sq ft and for self -storage uses there will be 1 space per 100 units. This amounts to 156 MCX parking spaces and 17 self -storage spaces. 0