Real Estate Project Schedule Milestones

MARKET OUTREACH
MAY 2021
(Complete)

RFP PART 1
OCTOBER 2021
(Complete)

RFP PART 2
Q3 2022

CONTRACT AWARD
2023

INITIAL DEVELOPMENT CONSTRUCTION COMMENCES
Late 2023

Utilizing our team of industry experts, a procurement schedule has been developed to engage with the market in the most efficient way possible, while following a robust governance and consultation process.

Schedule Imperatives:

Real Estate Market

The Real Estate Project is expected to be built out over time to respond to market demands. While fully building out NASED over 5 to 10 years may be attractive from a site and revenue perspective, there is likely not enough demand to support that approach. The best long-term value for the State of Hawai‘i and NASED, as a district, is expected to come from a longer-term build out.

Site Operations and Event

Another key driver for how NASED will be developed is the requirement to accommodate successful continued site operations and events, including the Aloha Stadium Swap Meet & Marketplace and car parking for stadium events. The Master Development Partner will be required to ensure that its development plans accommodate these functions, as a minimum.

Opening Date

The Master Development Partner will be expected to ensure that the Real Estate Project has elements of completed, operational, vibrant development and use to support the new Aloha Stadium when it opens.