Ka Makana Ali‘i – The Center for West O‘ahu – is the first regional shopping mall to be built in Hawaii in more than 30 years. The 1.4 million-square-foot mixed-use center is located in the heart of the fastest growing region in the state, with a historical annual growth rate of 5.8%. The thriving community is home to University of Hawai’i’s new West Oahu campus with approximately 2,700 students today (7,600 at full enrollment), the $133M Kroc Center, the first phase of Honolulu’s $5.2B rail transit project and more than 22,000 additional housing units projected over the next 20 years.

The retail environment around Ka Makana Ali‘i is dynamic, reflecting an expanding market with significant, pent-up demand. Many retail and restaurant categories are underserved resulting in rapid absorption of new shopping center development and strong sales performance.

Why Ka Makana Ali‘i?

KAPOLEI HOUSING GROWTH (1990-2035)

The city of Kapolei, known as “Oahu’s Second City” relative to Honolulu, is quickly becoming a new and exciting market for Hawaii’s most populous island. According to the City & County of Honolulu Department of Planning & Permitting, Kapolei is projected to add 1,100 new housing units per year over the next 20 years, which translates to population growth of more than 3,400 people annually.

WHO LIVES IN KAPOLEI?Ka Makana Ali‘i is in the heart of a vibrant community made up of a diverse population including many young families, students and aging baby boomers.

2014 Population: 152,454 peopleMedian Age: 33.9 yearsGrowing Families: 50% of population (self-described)Empty Nesters: 31% of population (self-described)2035 56,344

2025 45,669

2015 34,341

2010 30,000

1990 11,722

COMMERCIALSPACE

8.8

HONOLULU2010

7.8

KAPOLEIREGION2025

MEDIAN HOUSEHOLDINCOME

$70K

HONOLULU

$83K

KAPOLEIREGION

HOME OWNERSHIPRATE

65%

HONOLULU

70%

KAPOLEIREGION

Kapolei tommorrow versus Honolulu today

MILLION SFMILLION SF

SOURCE: Plasch Econ Pacific LLC and Colliers Monroe Friedlander

SOURCE: 2010 Census SOURCE: 2010 Census

OAHU Ahuimanu

KailuaKaneohe

Waipahu

Pearl CityWaimalu

Mililani

Wahiawa

Ewa Beach

Halawa

Makakilo

Marine CorpsBase Hawaii (MCBH)

Waipio

Waianae

VillagePark

Aiea

PearlHarbor

Waipio Acres

Heeia

EwaGentry

Maunawili

EwaVillages

Laie

Whitmore Village

Waialua

Hauula

Kahaluu

IroquoisPoint

Haleiwa

Kahuku

Barbers PointHousing

Hawaii Kai

Kaaawa

Kawela Bay

Punaluu

WaikaneSouth Kaukonahua

North Kaukonahua

Kaukonahua

Anahulu

Mamala Bay

Maunalua Bay

Kahuku Point

Kaena Point

Barbers Point

Mokapu

Kualoa Point

HONOLULU

H201

A

P

CONTACT

Colliers International | 220 S. King St, Suite 1800 | Honolulu, HI 96813Jon-Eric Greene (B) | 808.330.2900 | jon-eric.greene@colliers.comBrett Robinson (S) | 214.960.4606 | brett@retailunion.com

How does Ka Makana Ali’i compare to Pearlridge or Ala Moana?Many retailers try to correlate the Ka Makana Ali‘i opportunity to their Pearlridge Center and Ala Moana Center locations. For these purposes we have compiled the following demographic comparison and studied Claritas Reports that indicate the RMP Opportunity Gap for the shopping centers.

The population around Ka Makana Ali‘i is younger and more affluent than the community that surrounds Pearlridge Center. The quality of this consumer is reflected in the caliber of retailers that are choosing to locate in Ka Makana Ali’i. Based on West Oahu’s historic and projected growth rates, the population density around Ka Makana Ali‘i will begin to surpass that around Pearlridge Center over the next 20 years.

REGIONAL MALL AVERAGE SALES

Ala Moana Center reports average sales per square foot (excluding anchors) of $1,450, of which approximately 50% is attributed to visitors, as opposed to local residents. Pearlridge Center reports average sales per square foot of $550, with over 95% of sales from local residents. Ka Makana Ali‘i anticipates average sales in the range of $750 per square foot based on the merchandise mix, efficiency of the store sizing and historical performance of other retailers in the trade area. Based on Ka Makana Ali‘i’s proximity to the Ko Olina Resort area (2,607 existing visitor units with approvals for 9,200 units) and barriers for customers to shop and dine outside of the trade area, Ka Makana Ali’i projects 30% of its sales will be from visitors.

CENTER Ka Makana Ali‘i Pearlridge Ala Moana

AVG. SALES PER SQ. FT. $750 $550$1,450 (excluding

anchors)

% OF SALES FROM VISITORS (APPROX).

30% 5% 50%

KAMAKANAALII.COM

POPULATION Ka Makana Ali‘i* Pearlridge* Ala Moana*

2014 Total Population 152,454 202,456 304,673

2019 Total Population 170,176 210,953 317,067

2000 to 2010 Population Change 39.3% 1.6% 6.2%

2014 to 2019 Population Change 11.6% 4.5% 4.1%

HOUSEHOLDS

2014 Total Households 40,460 59,087 116,781

2019 Total Households 45,455 61,717 122,655

2000 to 2010 Household Change 40.4% 1.6% 5.8%

2014 to 2019 Household Change 12.3% 4.5% 5.0%

INCOME (2014)

Median Household Income $88,374 $79,801 $63,120

Average Household Income $97,469 $91,501 79,097

TOTAL AGE DISTRIBUTION (2014)

Median Age 33.9 36.5 43.5

2014 Oahu Demographic Report

*5 Mile Radius