Aloha Waikoloa – Multifamily Pad Sites

Shovel-Ready Development Opportunities in Waikoloa Village

Brown Development, in partnership with CBRE, is offering five (5) separately-deeded multifamily pad sites for sale within the fully entitled Aloha Waikoloa (Lot 5-B-1) residential development in Waikoloa Village.

Each pad site is graded, entitled, and ready for immediate development, offering a rare opportunity to deliver new residential product in one of West Hawaiʻi’s most supply-constrained markets.

Offering Summary

  • Total Pad Sites Available: 5

  • Pad Size: ~0.31 acres each

  • Approved Units per Pad: 47 apartments

  • Building Height: 4 stories

  • Price: “$3,500,000 per pad site plus pro-rata share of Common Area construction expense

  • Zoning: RM-1.5

Each pad site is conveyed as a fee-simple, separately deeded parcel, allowing buyers to develop independently while benefiting from shared infrastructure and a coordinated site plan.

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Approved Development Program

Each pad site is entitled for construction of the same 47-unit apartment building approved across Lot 5-B-1:

Unit Mix (per building):

Permitted Uses Include:

  • Long-term rental apartments

  • Extended-stay rentals (30-day minimum)

  • Short-term vacation rentals (nightly), as permitted under County zoning and CPR

There is no affordable housing requirement associated with the pads.

Infrastructure & Common Areas

Brown Development will construct all common area improvements for the Aloha Waikoloa development, including:

  • Internal roadways and access

  • Parking areas

  • Utilities and drainage infrastructure

  • Shared site amenities

Pad site buyers will contribute their pro-rata share of common area construction costs, ensuring a coordinated, high-quality finished community.

A Rare Development Opportunity

Opportunities to acquire shovel-ready multifamily pad sites of this scale and flexibility are exceptionally rare in Hawaiʻi. Waikoloa Village continues to experience population growth, rising rents, and limited new supply—creating favorable conditions for a wide range of residential investment strategies.

Whether developed as rental apartments, condominium units, or short-term rental product, the Aloha Waikoloa pad sites offer investors and developers a unique entry point into a proven West Hawaiʻi submarket.

Learn More

For detailed offering materials, site plans, and pricing, please contact:

CBRE Hawai’i:
Yasuyuki Kojima, Senior Vice President
(808) 541-5109, yasuyuki.kojima@cbre.com

Andrew Reenders, Vice President,
(808) 541-5146, andrew.reenders@cbre.com

Or reach out to Brown Development directly for additional project context.