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A&B Properties Inc., the real-estate subsidiary of Alexander & Baldwin Inc. has received final-zoning approval for Maui Business Park Phase II, a 179-acre master project scheduled to begin construction in 2010 in Kahului, Maui.
On Friday, Maui Mayor Charmaine Tavares signed an ordinance, which passed by the Maui County Council on April 18, rezoning the property to light industrial.
To promote sustainability, A&B will develop a nonpotable water system for the project and will use energy-efficient building design and recycling programs faxless payday loans.
A&B will contribute at least 20 acres for one or more wastewater treatment plants and will build a new bypass road to ease traffic on Dairy Road. In addition, the company will give 40 acres of land for affordable housing, seven acres for a community center and three acres for a park.
Honolulu-based A&B (Nasdaq: ALEX) has ocean transportation, real estate and coffee and sugar operations.