LIHUE, Kaua'i (KHNL) - The Ritz-Carlton developments on the island of Kaua'i took a major step on Thursday with the groundbreaking of the 520-acre Kaua'i Lagoons resort.
"It's an honor to be introducing The Ritz-Carlton to the island of Kaua'i and especially here at the beautiful Kaua'i Lagoons resort," said Merrill Yavinsky, regional vice president of sales and marketing for The Ritz-Carlton Club and Residences, Hawai'i. "This resort carries with it a very special legacy and we are proud to be part of the vision for its revitalization."
The Ritz-Carlton Club, Kaua'i Lagoons will offer 14 private ownership residences overlooking the coastline, each complemented with a lanai offering panoramic ocean and sunrise views. Occupancy is scheduled for summer 2009, and prices start at $5.1 million.
Another 72 fully furnished fractional ownership residences will be sold as well. It is scheduled to start sales reservations in October, with occupancy targeted for late 2009 and prices starting at $300,000 per interest.
Kumu Hula Kehaulani Kekua, Kaua'i Lagoons' cultural consultant, led 'Aha Ho'ola'a O Ka 'Aina, the groundbreaking ceremony.
"Kaua'i Lagoons is committed to being a good neighbor of our island community and has shown great interest and respect for the history and culture of this treasured place where the work is taking place." Said Kumu Kekua
Kaua'i Lagoons are being developed as part of a 10-year master plan offering more timeshare villas and private estate lots. Two more affordable housing projects are also being constructed as part of the development. For families who qualify, homes are being built in Waipouli and condominiums will be available at Kaua'i Lagoons and sold to first-time homebuyers.
Jack Nicklaus, a golf legend, is redesigning Kaua'i Lagoons, which will overlook the coastline of Kaua'i. Plans also include an upscale restaurant, water taxi service, and a full-service spa. Also, a two-mile public pathway made for walking, running, and biking will be a part of the resort connecting with the shoreline.
Approximately two-thirds of the resort will remain as undeveloped green space to keep with the character of Kaua'i.
Two more affordable housing projects are being constructed as part of the development. For families who qualify, homes are being built in Waipouli. Also, condominiums at Kaua'i Lagoons will be sold to first-time homebuyers.