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 fully 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
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.
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):
20 Studios
11 One-Bedroom / One-Bath Units
16 Two-Bedroom / Two-Bath Units
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 pad sites.
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
Yasuyuki Kojima, Senior Vice President
Andrew D. Reenders, Vice President
Or reach out to Brown Development directly for additional project context.