KAUAI, HAWAII – May 15, 2014 – (RealEstateRama) — ValueRock Realty Partners has kicked off a multi-million dollar renovation at Kauai Village, a 113,496-square-foot retail center located on Kuhio Highway in Kapa’a. ValueRock has owned the center since 2007 with plans to upgrade the customer experience.
Phase one, which is underway, will include demolition work to add more parking and landscape planters and improve overall access into and out of the shopping center. This will also provide greater visibility to customers of the center’s tenants.
Kauai Village has a diverse collection of local and national brand name tenants including: Safeway, Imperial Jewelers, Divine Plant, Starbucks, Subway, ABC Stores, GNC, Super Cuts, Panda Express, RE/MAX Kauai, Tropical Dreams Super Premium Ice Cream, Papaya’s Natural Foods, 9th Island Tavern, The UPS Store, Crush Boutique, Pau Hana Bar & Grill, Pho Kapa’a, Longs Drug Store and the Kauai Visitor Center.
Kauai Village is well-known for its two Wyland Whaling Wall murals, one on its 43-foot tall clock tower and the other facing Kuhio Highway on the side of Longs Drug Store. As part of the renovations, these two iconic murals will be repainted and updated by the artist. Kauai Village has remained a well-known local retail center servicing residents located in the heart of Kapa’a and a very popular tourist destination due to the Wyland murals.
Upon completion of phase one, ValueRock will kick off phase two of its renovation that encompasses a remodel of the façade. While the plantation “look” will remain, a fresh updated version will replace the current facade.
“We are excited to add to the customer experience of Kauai Village. This center has held an important place for local residents and tourists. We look forward to both enhancing the center to benefit its tenants and customers as well as adding to the charm of a local asset,” said Patrick Cox of ValueRock.
ValueRock Realty Partners has long invested in Hawaii and currently owns and manages a portfolio of more than 600,000 square feet of retail properties on multiple islands.
About ValueRock Realty Partners
ValueRock Realty Partners is a vertically-integrated real estate company. The firm currently owns over two million square feet of retail and mixed-use property located throughout the Western U.S. and Hawaii. ValueRock Realty Partners’ operating platform is comprised of expertise in the following areas: investment management, private equity, acquisitions, asset management, leasing expertise, design and development. Due to the depth of the ValueRock team, the firm is positioned to invest in and operate all major property types. The firm’s principals have directly invested in and operated a diverse spectrum of property types in numerous markets over the past two decades and been involved with more than $20 billion dollars of transactions. For more information on ValueRock Realty Partners, visit www.valuerockrealty.com