Friday, December 21, 2007

Plans for Maui shopping center nixed

Developers of a proposed big-to-mid-box retail center at a prime location on Maui have shelved the project after failing to reach a purchase agreement for part of an 88-acre site.

The MacNaughton Group has discarded plans to build a 574,670-square-foot center, known as Kihei Commons, that was set to be Maui's largest shopping center with prospective tenants including Target Corp.

The landowner is negotiating with a half-dozen prospective buyers to acquire large portions of the property or the entire holding, while also considering developing the site itself.

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source: starbulletin.com

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