2013 Hawaii Business Top 250: Hunt Companies
President of Hunt Hawai’i Development Steve Colón (second row, center) and Executive Vice President of Construction Services Bud Waters (second row, right of center) are surrounded by some of the company’s ‘ohana of employees outside its Honolulu headquarters.
For the past 23 years in Hawai‘i, Hunt Companies has pioneered innovative and responsible solutions to challenging local development issues. The company has made certain that its solutions to development issues, such as historical preservation, renewable energy, beach restoration and affordable housing, have always complemented the cultural and geographical riches of the Islands.
In 2003, Hunt Hawai‘i began one of its most challenging projects to date - the improvement of underutilized government property on O‘ahu. The Ford Island Master Development Agreement is a landmark public private partnership (“PPP”).
The Agreement resulted in upgraded electrical, communications, sewage systems, roads, the transformation of an aging theatre into a state-of-the-art Navy conference center and the construction of 231 homes for military service members and their families, all on the Navy’s Ford Island.
In exchange for Hunt’s investment and construction of $84 million of improvements on Ford Island, the PPP conveyed to Hunt a portfolio of underutilized Navy property on O‘ahu comprising over 2,000 former Navy homes, 1,600 acres of land and over one million square feet of commercial, industrial and office space.
“Virtually every one of our projects in Hawai‘i involves significant challenges,” says Steve Colón, president of Hunt Companies, Development, Hawai‘i Region. “We look for opportunities to apply our unique tool kit of extensive capabilities to create solutions for challenging and complex projects.”
The completion of Kaupuni Village on O‘ahu’s west coast in 2012 addressed two dominant local development issues - energy independence and affordable housing. The development not only created 18 new and affordable single-family homes for the Wai‘anae community, it also boasts the status of the nation’s first net-zero energy and LEED Platinum affordable housing community. Hunt Hawai‘i, the builder on the project, spared no detail in building the most efficient homes possible, including natural ventilation features and high-quality insulation.
As a diversified real estate company, Hunt Hawai‘i partners with local companies to share risk and opportunities, builds extensively on its own account and for third parties as a housing and commercial contractor, invests in development projects throughout the state, asset manages all development projects and finances affordable housing projects through a tax syndication affiliate.
“Our diverse services give us a unique advantage,” says Colón. “We believe we are one of the only real estate companies that can bring all these tools to the table.”
This expanded approach, combined with the company’s dedication to integrity, professionalism and continually striving to build deep-rooted local relationships has been at the heart of Hunt Hawai‘i’s success.
“We will continue to look for opportunities to build on our capabilities to execute complex projects and add significant value,” says Colón.
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